XUSR.TO vs. SPY
XUSR.TO (iShares ESG Advanced MSCI USA Index ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - XUSR.TO is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XUSR.TO returned 16.66%/yr vs 17.15%/yr for SPY. Their correlation of 0.81 suggests significant overlap in exposure. XUSR.TO charges 0.23%/yr vs 0.09%/yr for SPY.
Performance
XUSR.TO vs. SPY - Performance Comparison
Loading charts...
Different Trading Currencies
XUSR.TO is traded in CAD, while SPY is traded in USD. To make them comparable, the SPY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUSR.TO achieves a 21.07% return, which is significantly higher than SPY's 12.65% return.
XUSR.TO
- 1D
- -0.71%
- 1M
- 11.78%
- YTD
- 21.07%
- 6M
- 17.73%
- 1Y
- 32.90%
- 3Y*
- 26.02%
- 5Y*
- 16.66%
- 10Y*
- —
SPY
- 1D
- 0.00%
- 1M
- 7.46%
- YTD
- 12.65%
- 6M
- 10.82%
- 1Y
- 30.02%
- 3Y*
- 23.90%
- 5Y*
- 17.15%
- 10Y*
- 16.36%
XUSR.TO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUSR.TO iShares ESG Advanced MSCI USA Index ETF | 21.07% | 9.24% | 32.45% | 29.28% | -17.20% | 24.47% | 27.06% |
SPY State Street SPDR S&P 500 ETF | 12.32% | 12.32% | 35.62% | 23.40% | -12.34% | 27.57% | 22.98% |
Correlation
The correlation between XUSR.TO and SPY is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.81 |
The correlation between XUSR.TO and SPY has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
XUSR.TO vs. SPY - Sectors Allocation Comparison
Sectors
XUSR.TO
SPY
Technology
Financial Services
Industrials
Consumer Cyclical
Healthcare
Real Estate
Communication Services
Basic Materials
Utilities
Consumer Defensive
Energy
Technology
XUSR.TO
SPY
Financial Services
XUSR.TO
SPY
Industrials
XUSR.TO
SPY
Consumer Cyclical
XUSR.TO
SPY
Healthcare
XUSR.TO
SPY
Real Estate
XUSR.TO
SPY
Communication Services
XUSR.TO
SPY
Basic Materials
XUSR.TO
SPY
Utilities
XUSR.TO
SPY
Consumer Defensive
XUSR.TO
SPY
Energy
XUSR.TO
SPY
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUSR.TO vs. SPY — Risk / Return Rank
XUSR.TO
SPY
XUSR.TO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XUSR.TO | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.50 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.61 | 13.31 | -4.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUSR.TO | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.59 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.14 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.13 | -0.02 |
Drawdowns
XUSR.TO vs. SPY - Drawdown Comparison
The maximum XUSR.TO drawdown since its inception was -28.39%, roughly equal to the maximum SPY drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for XUSR.TO and SPY.
Loading charts...
Drawdown Indicators
| XUSR.TO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -27.34% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.52% | -8.62% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -19.00% | -4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -22.08% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.34% | — |
Current DrawdownCurrent decline from peak | -0.71% | 0.00% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -3.21% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 2.26% | +1.57% |
Volatility
XUSR.TO vs. SPY - Volatility Comparison
iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) has a higher volatility of 4.94% compared to State Street SPDR S&P 500 ETF (SPY) at 2.61%. This indicates that XUSR.TO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUSR.TO | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.61% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 8.79% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 11.66% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 15.15% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 16.19% | +1.40% |
XUSR.TO vs. SPY - Expense Ratio Comparison
XUSR.TO has a 0.23% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUSR.TO vs. SPY - Dividend Comparison
XUSR.TO's dividend yield for the trailing twelve months is around 0.56%, less than SPY's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
XUSR.TO iShares ESG Advanced MSCI USA Index ETF | 0.56% | 0.67% | 0.68% | 0.93% | 1.01% | 0.65% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUSR.TO and SPY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY is cheaper with a 0.09% expense ratio, compared with 0.23% for XUSR.TO.
XUSR.TO is categorized as Large Cap Growth Equities, while SPY is S&P 500. XUSR.TO tracks MSCI USA Choice ESG Screened Index, while SPY tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.23% for XUSR.TO and 0.09% for SPY.
Find the right allocation for XUSR.TO and SPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer