XUSR.TO vs. USXF

Last updated Jun 4, 2026

XUSR.TO (iShares ESG Advanced MSCI USA Index ETF) and USXF (iShares ESG Advanced MSCI USA ETF) are both Large Cap Growth Equities funds from iShares tracking the MSCI USA Choice ESG Screened Index. Both are passively managed. Over the past 5 years, XUSR.TO returned 16.66%/yr vs 19.01%/yr for USXF. Their correlation of 0.87 suggests significant overlap in exposure. XUSR.TO charges 0.23%/yr vs 0.10%/yr for USXF.

Performance

XUSR.TO vs. USXF - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) and iShares ESG Advanced MSCI USA ETF (USXF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XUSR.TO is traded in CAD, while USXF is traded in USD. To make them comparable, the USXF 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 lower than USXF's 22.30% 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*: —

USXF

• 1D: -0.10%
• 1M: 12.52%
• YTD: 22.30%
• 6M: 20.59%
• 1Y: 36.96%
• 3Y*: 28.86%
• 5Y*: 19.01%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XUSR.TO vs. USXF - 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%	15.34%
USXF iShares ESG Advanced MSCI USA ETF	22.30%	11.61%	37.00%	28.75%	-15.59%	25.99%	16.35%

Correlation

The correlation between XUSR.TO and USXF is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.87

The correlation between XUSR.TO and USXF has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

XUSR.TO vs. USXF - Sectors Allocation Comparison

Sectors	XUSR.TO	USXF
Technology	56.7%	56.6%
Financial Services	14.3%	14.3%
Industrials	7.7%	7.7%
Consumer Cyclical	6.3%	6.3%
Healthcare	4.6%	4.6%
Real Estate	3.7%	3.7%
Communication Services	2.2%	2.2%
Basic Materials	2.2%	2.2%
Utilities	1.2%	1.2%
Consumer Defensive	0.9%	0.9%
Energy	0.1%	0.1%

Return for Risk

XUSR.TO vs. USXF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUSR.TO

XUSR.TO Risk / Return Rank: 58
XUSR.TO Sharpe Ratio Rank: 61
XUSR.TO Sortino Ratio Rank: 58
XUSR.TO Omega Ratio Rank: 60
XUSR.TO Calmar Ratio Rank: 58
XUSR.TO Martin Ratio Rank: 51

USXF

USXF Risk / Return Rank: 66
USXF Sharpe Ratio Rank: 65
USXF Sortino Ratio Rank: 62
USXF Omega Ratio Rank: 62
USXF Calmar Ratio Rank: 69
USXF Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XUSR.TO vs. USXF - 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 iShares ESG Advanced MSCI USA ETF (USXF). 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	USXF	Difference
Sharpe ratio Return per unit of total volatility	2.08	2.33	-0.25
Sortino ratio Return per unit of downside risk	2.75	3.11	-0.36
Omega ratio Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio Return relative to maximum drawdown	2.87	3.74	-0.87
Martin ratio Return relative to average drawdown	8.61	12.83	-4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUSR.TO vs. USXF - Sharpe Ratio Comparison

The current XUSR.TO Sharpe Ratio is 2.08, which is comparable to the USXF Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of XUSR.TO and USXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XUSR.TO	USXF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.33	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.08	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.16	-0.05

Drawdowns

XUSR.TO vs. USXF - Drawdown Comparison

The maximum XUSR.TO drawdown since its inception was -28.39%, which is greater than USXF's maximum drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for XUSR.TO and USXF.

Drawdown Indicators

	XUSR.TO	USXF	Difference
Max Drawdown Largest peak-to-trough decline	-28.39%	-26.38%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.52%	-9.93%	-1.59%
Max Drawdown (3Y) Largest decline over 3 years	-23.02%	-21.58%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-28.39%	-26.38%	-2.01%
Current Drawdown Current decline from peak	-0.71%	-0.10%	-0.61%
Average Drawdown Average peak-to-trough decline	-6.29%	-5.55%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	2.89%	+0.94%

Volatility

XUSR.TO vs. USXF - Volatility Comparison

The current volatility for iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) is 4.94%, while iShares ESG Advanced MSCI USA ETF (USXF) has a volatility of 5.34%. This indicates that XUSR.TO experiences smaller price fluctuations and is considered to be less risky than USXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUSR.TO	USXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.34%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	12.58%	12.69%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	15.96%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	17.73%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	17.38%	+0.21%

XUSR.TO vs. USXF - Expense Ratio Comparison

XUSR.TO has a 0.23% expense ratio, which is higher than USXF's 0.10% 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. USXF - Dividend Comparison

XUSR.TO's dividend yield for the trailing twelve months is around 0.56%, less than USXF's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
USXF iShares ESG Advanced MSCI USA ETF	0.80%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%
XUSR.TO iShares ESG Advanced MSCI USA Index ETF	0.56%	0.67%	0.68%	0.93%	1.01%	0.65%	0.34%

Frequently Asked Questions

Can I hold both XUSR.TO and USXF in my portfolio?

XUSR.TO and USXF have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XUSR.TO or USXF?

On fees, USXF is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XUSR.TO or USXF?

USXF is cheaper with a 0.10% expense ratio, compared with 0.23% for XUSR.TO.

What is the main difference between XUSR.TO and USXF?

Both ETFs track MSCI USA Choice ESG Screened Index. Their fees differ too: 0.23% for XUSR.TO and 0.10% for USXF.