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25% XIC 75% XAW XEQT
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

25% XIC 75% XAW XEQT

Currency in CAD · Last updated Jun 9, 2026

Asset Allocation

XAW.TO 75.00%XIC.TO 25.00%EquityEquity
PositionCategory/SectorTarget Weight
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		Global Equities
75%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		Canada Equities
25%

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in 25% XIC 75% XAW XEQT, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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Returns By Period

As of Jun 9, 2026, the 25% XIC 75% XAW XEQT returned 11.19% Year-To-Date and 13.14% of annualized return in the last 10 years.

Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
0.57%2.17%10.16%9.03%25.93%21.59%15.11%14.49%
Portfolio
25% XIC 75% XAW XEQT
0.43%1.39%11.19%11.59%29.02%21.66%13.80%13.14%
Portfolio components:
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		0.48%1.40%11.57%11.39%27.40%20.97%13.51%13.25%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		0.27%1.36%9.79%11.86%33.59%23.51%14.41%12.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Feb 18, 2015, 25% XIC 75% XAW XEQT's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +10.0%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 25% XIC 75% XAW XEQT closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -10.4%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.02%3.13%-4.41%6.24%5.15%-1.03%11.19%
20253.99%-0.87%-3.51%-2.83%5.27%3.68%2.45%2.66%4.89%2.37%0.87%-0.42%19.65%
20241.43%4.55%3.31%-1.88%3.34%1.22%3.55%0.17%2.48%0.80%5.07%-1.16%25.15%
20235.91%-0.92%1.21%2.02%-2.03%3.24%2.97%-0.62%-3.70%-1.46%6.68%2.84%16.75%
2022-3.15%-2.22%1.38%-5.30%-0.61%-7.19%6.21%-1.79%-4.75%5.24%6.41%-3.85%-10.26%
20210.20%2.82%2.28%1.84%0.60%3.52%1.18%3.05%-3.39%3.23%0.32%2.59%19.65%

Benchmark Metrics

25% XIC 75% XAW XEQT has an annualized alpha of 1.96%, beta of 0.64, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since February 18, 2015.

  • This portfolio participated in 82.31% of S&P 500 Index downside but only 77.63% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.64 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
1.96%
Beta
0.64
R²
0.71
Upside Capture
77.63%
Downside Capture
82.31%

Expense Ratio

25% XIC 75% XAW XEQT has an expense ratio of 0.18%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF

Return for Risk

Risk / Return Rank

25% XIC 75% XAW XEQT ranks 75 for risk / return — better than 75% of Portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

25% XIC 75% XAW XEQT Risk / Return Rank: 7575
Overall Rank
25% XIC 75% XAW XEQT Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
25% XIC 75% XAW XEQT Sortino Ratio Rank: 7474
Sortino Ratio Rank
25% XIC 75% XAW XEQT Omega Ratio Rank: 7979
Omega Ratio Rank
25% XIC 75% XAW XEQT Calmar Ratio Rank: 7272
Calmar Ratio Rank
25% XIC 75% XAW XEQT Martin Ratio Rank: 7777
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for 25% XIC 75% XAW XEQT and compares them with S&P 500 Index.

PortfolioBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

2.45

2.07

+0.38

Sortino ratioReturn per unit of downside risk

3.32

2.85

+0.47

Omega ratioGain probability vs. loss probability

1.46

1.36

+0.10

Calmar ratioReturn relative to maximum drawdown

3.59

2.84

+0.75

Martin ratioReturn relative to average drawdown

15.65

10.60

+5.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

PositionRisk / Return RankSharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		762.203.011.423.3713.53
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		842.613.351.473.6316.76

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

25% XIC 75% XAW XEQT Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

  • 1-Year: 2.45
  • 5-Year: 1.08
  • 10-Year: 0.91
  • All Time: 0.80

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.59 to 2.46, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 25% XIC 75% XAW XEQT compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

25% XIC 75% XAW XEQT provided a 1.40% dividend yield over the last twelve months.

PositionTTM20252024202320222021202020192018201720162015
Portfolio1.40%1.55%1.87%2.02%2.12%1.94%1.87%2.27%2.51%2.07%2.02%2.16%
Portfolio components:
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		1.19%1.33%1.61%1.71%1.79%1.77%1.49%2.02%2.28%1.94%1.79%1.81%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.04%2.23%2.64%2.96%3.10%2.45%3.03%3.01%3.19%2.49%2.72%3.21%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the 25% XIC 75% XAW XEQT. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the 25% XIC 75% XAW XEQT was 29.69%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.

The current 25% XIC 75% XAW XEQT drawdown is 2.21%.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-29.69%Mar 2020
1mo 9d7mo 21d
9moFeb 2020 - Nov 2020
Bear market2022
-18.52%Jun 2022
5mo 18d1y 2mo
1y 8moDec 2021 - Sep 2023
2025 selloff2025
-15.57%Apr 2025
2mo 7d2mo 17d
4mo 24dJan 2025 - Jun 2025
Rate-hike selloffLate 2018
-13.97%Dec 2018
2mo 27d2mo 24d
5mo 21dSep 2018 - Mar 2019
2016 correction2016
-12.06%Feb 2016
6mo 9d5mo 12d
11mo 21dAug 2015 - Jul 2016

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 2 assets, with an effective number of assets of 1.60, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio
1Y
3Y
5Y
10Y
All Time
Diversification Ratio

1.06

1.05

1.05

1.04

1.05

The portfolio has a diversification ratio of 1.05, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

25% XIC 75% XAW XEQT correlation to the S&P 500 Index

25% XIC 75% XAW XEQT has a 0.82 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.
Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2015

0.76

Benchmark Correlations

Correlation vs. S&P 500 Index. XAW.TO has the highest benchmark correlation at 0.74, while XIC.TO has the lowest at 0.64.

XIC.TO
0.64
XAW.TO
0.74

Portfolio Correlations

Correlation vs. 25% XIC 75% XAW XEQT. XAW.TO has the highest portfolio correlation at 0.98, while XIC.TO has the lowest at 0.80.

XIC.TO
0.80
XAW.TO
0.98

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
XIC.TOXAW.TO
XIC.TO1.000.68
XAW.TO0.681.00
The correlation results are calculated based on daily price changes starting from Feb 18, 2015
Diversification Analysis

Find what 25% XIC 75% XAW XEQT is missing

See which holdings overlap, where 25% XIC 75% XAW XEQT is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification