Asset Allocation
Find the right asset allocation for CDN RIF Current
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Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in CDN RIF Current, 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
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.57% | 2.17% | 10.16% | 9.03% | 25.93% | 21.59% | 15.11% | 14.49% |
Portfolio CDN RIF Current | 0.05% | 2.17% | 11.10% | 10.73% | -12.98% | 3.48% | — | — |
| Portfolio components: | ||||||||
FIE.TO iShares Canadian Financial Monthly Income ETF | 0.09% | 2.67% | 9.86% | 9.51% | 28.20% | 23.93% | 12.12% | 11.60% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 0.31% | 5.30% | 21.54% | 22.15% | 47.47% | 26.69% | 17.54% | 14.25% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | -0.15% | 0.36% | 3.87% | 4.47% | 11.08% | 9.46% | 4.48% | — |
XCV.TO iShares Canadian Value Index ETF | 0.18% | 5.14% | 19.91% | 19.01% | 45.12% | 27.78% | 18.31% | 13.52% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 0.05% | 3.98% | 22.47% | 18.86% | 38.50% | 20.67% | 14.49% | 11.86% |
ZBAL.TO BMO Balanced ETF | 0.00% | 0.89% | 6.78% | 7.25% | -60.63% | -20.69% | -13.02% | — |
ZCM.TO BMO Mid Corporate Bond Index ETF | -0.32% | 0.11% | 1.18% | 2.05% | 4.95% | 6.91% | 2.18% | 2.93% |
ZEB.TO BMO Equal Weight Banks Index ETF | 0.59% | 5.70% | 21.69% | 24.57% | 62.87% | 33.95% | 18.84% | 16.09% |
ZIN.TO BMO Equal Weight Industrials Index ETF | 0.51% | 2.91% | 21.17% | 22.70% | 41.67% | 20.33% | 13.12% | 13.39% |
ZMI.TO BMO Monthly Income ETF | -0.10% | 2.25% | 8.17% | 5.67% | 15.02% | 12.29% | 7.70% | 6.69% |
Monthly Returns
Based on dividend-adjusted daily data since Dec 3, 2021, CDN RIF Current's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +5.6%, while the worst month was Jul 2025 at -29.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CDN RIF Current closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.2%, while the worst single day was Jul 21, 2025 at -29.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.59% | 3.73% | -1.55% | 4.03% | 2.66% | 0.27% | 11.10% | ||||||
| 2025 | 1.99% | 0.07% | -0.86% | -1.27% | 3.50% | 2.06% | -29.03% | 3.10% | 3.82% | 0.41% | 1.96% | -0.83% | -18.59% |
| 2024 | 0.25% | 1.59% | 2.85% | -1.88% | 2.23% | -0.03% | 3.86% | 1.12% | 2.60% | 0.25% | 3.43% | -1.58% | 15.51% |
| 2023 | 5.31% | -1.45% | -0.24% | 2.17% | -3.05% | 1.95% | 1.69% | -0.97% | -2.74% | -1.84% | 5.58% | 3.62% | 9.95% |
| 2022 | 0.10% | -0.35% | 1.15% | -3.17% | 0.09% | -6.38% | 3.73% | -1.68% | -3.39% | 3.43% | 4.05% | -3.03% | -5.86% |
| 2021 | 2.42% | 2.42% |
Benchmark Metrics
CDN RIF Current has an annualized alpha of -1.68%, beta of 0.32, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since December 03, 2021.
- This portfolio participated in 50.47% of S&P 500 Index downside but only 25.18% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.32 may look defensive, but with R2 of 0.13 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R2 of 0.13 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.68%
- Beta
- 0.32
- R²
- 0.13
- Upside Capture
- 25.18%
- Downside Capture
- 50.47%
Expense Ratio
CDN RIF Current has an expense ratio of 0.24%, 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.
Top 10 holdings
Return for Risk
Risk / Return Rank
CDN RIF Current ranks 2 for risk / return — in the bottom 2% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for CDN RIF Current and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | 2.07 | -2.50 |
| Sortino ratioReturn per unit of downside risk | -0.27 | 2.85 | -3.12 |
| Omega ratioGain probability vs. loss probability | 0.86 | 1.36 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.84 | -3.27 |
| Martin ratioReturn relative to average drawdown | -0.60 | 10.60 | -11.21 |
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.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 88 | 3.16 | 4.30 | 1.61 | 3.94 | 12.80 |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 98 | 5.76 | 8.29 | 2.16 | 15.30 | 62.34 |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 66 | 2.03 | 2.94 | 1.39 | 2.43 | 10.08 |
XCV.TO iShares Canadian Value Index ETF | 98 | 5.02 | 6.70 | 2.03 | 11.81 | 44.42 |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 98 | 4.96 | 6.80 | 2.01 | 9.17 | 41.24 |
ZBAL.TO BMO Balanced ETF | 2 | -0.90 | -0.75 | 0.54 | -0.91 | -1.01 |
ZCM.TO BMO Mid Corporate Bond Index ETF | 34 | 1.11 | 1.53 | 1.21 | 1.61 | 4.64 |
ZEB.TO BMO Equal Weight Banks Index ETF | 97 | 4.97 | 6.76 | 1.93 | 7.49 | 32.20 |
ZIN.TO BMO Equal Weight Industrials Index ETF | 89 | 2.78 | 3.58 | 1.49 | 5.17 | 18.48 |
ZMI.TO BMO Monthly Income ETF | 71 | 2.11 | 2.77 | 1.43 | 3.17 | 10.36 |
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Dividends
Dividend yield
CDN RIF Current provided a 2.89% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.89% | 3.79% | 3.54% | 3.72% | 3.36% | 2.62% | 3.21% | 3.02% | 2.15% | 1.84% | 1.86% | 2.18% |
| Portfolio components: | ||||||||||||
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.53% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.88% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.77% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCV.TO iShares Canadian Value Index ETF | 2.32% | 2.78% | 3.84% | 4.00% | 3.28% | 2.18% | 3.46% | 3.16% | 3.23% | 2.49% | 2.57% | 3.26% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.58% | 4.47% | 5.45% | 4.97% | 4.68% | 3.58% | 5.03% | 4.62% | 5.42% | 4.29% | 4.41% | 5.64% |
ZBAL.TO BMO Balanced ETF | 2.68% | 3.97% | 2.18% | 2.48% | 2.72% | 2.35% | 2.53% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% |
ZCM.TO BMO Mid Corporate Bond Index ETF | 4.28% | 4.03% | 3.85% | 3.94% | 3.81% | 3.30% | 3.13% | 3.34% | 3.23% | 3.04% | 3.18% | 3.43% |
ZEB.TO BMO Equal Weight Banks Index ETF | 2.48% | 2.95% | 3.98% | 4.75% | 4.29% | 3.13% | 4.15% | 3.65% | 3.64% | 3.02% | 3.19% | 3.70% |
ZIN.TO BMO Equal Weight Industrials Index ETF | 0.96% | 1.22% | 1.42% | 1.68% | 2.01% | 1.84% | 2.10% | 2.32% | 1.82% | 1.35% | 1.48% | 2.25% |
ZMI.TO BMO Monthly Income ETF | 4.03% | 4.67% | 4.82% | 5.09% | 4.63% | 3.82% | 4.34% | 4.37% | 4.72% | 4.18% | 4.01% | 4.01% |
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 CDN RIF Current. 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 CDN RIF Current was 29.99%, occurring on Aug 1, 2025. The portfolio has not yet recovered.
The current CDN RIF Current drawdown is 15.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 bear market2025 | -29.99%Aug 2025 | 14d | — | 10mo 26dJul 2025 - now |
Bear market2022 | -12.13%Oct 2022 | 8mo 4d | 1y 2mo | 1y 10moFeb 2022 - Dec 2023 |
2025 selloff2025 | -8.24%Apr 2025 | 2mo 7d | 1mo 7d | 3mo 14dJan 2025 - May 2025 |
Bear market2022 | -3.15%Jan 2022 | 6d | 16d | 22dJan 2022 - Feb 2022 |
2024 pullback2024 | -2.99%Aug 2024 | 6d | 9d | 15dAug 2024 - Aug 2024 |
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 13 assets, with an effective number of assets of 4.04, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.
Diversification Ratio
1Y | 3Y | All Time | |
|---|---|---|---|
Diversification Ratio | 1.11 | 1.19 | 1.22 |
The portfolio has a diversification ratio of 1.22, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
CDN RIF Current correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2021 | 0.67 |
Benchmark Correlations
Correlation vs. S&P 500 Index. ZBAL.TO has the highest benchmark correlation at 0.70, while ZMMK.TO has the lowest at 0.06.
Asset Correlations Table
| ZMMK.TO | ZST.TO | ZCM.TO | ZIN.TO | ZRE.TO | VRIF.TO | XEI.TO | XCV.TO | ZEB.TO | ZMI.TO | VDY.TO | ZBAL.TO | FIE.TO | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ZMMK.TO | 1.00 | 0.11 | -0.01 | 0.03 | 0.00 | 0.03 | 0.03 | 0.02 | 0.05 | 0.02 | 0.04 | 0.05 | 0.04 |
| ZST.TO | 0.11 | 1.00 | 0.37 | 0.04 | 0.12 | 0.24 | 0.08 | 0.07 | 0.08 | 0.19 | 0.07 | 0.19 | 0.11 |
| ZCM.TO | -0.01 | 0.37 | 1.00 | 0.12 | 0.30 | 0.62 | 0.13 | 0.13 | 0.15 | 0.40 | 0.12 | 0.43 | 0.23 |
| ZIN.TO | 0.03 | 0.04 | 0.12 | 1.00 | 0.42 | 0.42 | 0.44 | 0.45 | 0.46 | 0.45 | 0.45 | 0.49 | 0.50 |
| ZRE.TO | 0.00 | 0.12 | 0.30 | 0.42 | 1.00 | 0.56 | 0.61 | 0.56 | 0.57 | 0.59 | 0.57 | 0.55 | 0.66 |
| VRIF.TO | 0.03 | 0.24 | 0.62 | 0.42 | 0.56 | 1.00 | 0.50 | 0.51 | 0.54 | 0.76 | 0.51 | 0.84 | 0.62 |
| XEI.TO | 0.03 | 0.08 | 0.13 | 0.44 | 0.61 | 0.50 | 1.00 | 0.88 | 0.73 | 0.63 | 0.95 | 0.57 | 0.72 |
| XCV.TO | 0.02 | 0.07 | 0.13 | 0.45 | 0.56 | 0.51 | 0.88 | 1.00 | 0.78 | 0.61 | 0.91 | 0.59 | 0.78 |
| ZEB.TO | 0.05 | 0.08 | 0.15 | 0.46 | 0.57 | 0.54 | 0.73 | 0.78 | 1.00 | 0.65 | 0.85 | 0.63 | 0.89 |
| ZMI.TO | 0.02 | 0.19 | 0.40 | 0.45 | 0.59 | 0.76 | 0.63 | 0.61 | 0.65 | 1.00 | 0.64 | 0.79 | 0.70 |
| VDY.TO | 0.04 | 0.07 | 0.12 | 0.45 | 0.57 | 0.51 | 0.95 | 0.91 | 0.85 | 0.64 | 1.00 | 0.60 | 0.81 |
| ZBAL.TO | 0.05 | 0.19 | 0.43 | 0.49 | 0.55 | 0.84 | 0.57 | 0.59 | 0.63 | 0.79 | 0.60 | 1.00 | 0.71 |
| FIE.TO | 0.04 | 0.11 | 0.23 | 0.50 | 0.66 | 0.62 | 0.72 | 0.78 | 0.89 | 0.70 | 0.81 | 0.71 | 1.00 |
Find what CDN RIF Current is missing
See which holdings overlap, where CDN RIF Current is concentrated, and which low-correlation assets could fill the gaps.
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