CAS.TO vs. XEI.TO

Last updated Jun 5, 2026

CAS.TO (Cascades Inc.) is a stock, while XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) is Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. At a 0.27 correlation, their price movements are largely independent.

Performance

CAS.TO vs. XEI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Cascades Inc. (CAS.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAS.TO achieves a -11.82% return, which is significantly lower than XEI.TO's 22.40% return.

CAS.TO

• 1D: -1.92%
• 1M: -0.68%
• YTD: -11.82%
• 6M: -10.74%
• 1Y: 23.82%
• 3Y*: 2.99%
• 5Y*: 0.02%
• 10Y*: 4.04%

XEI.TO

• 1D: -0.69%
• 1M: 3.46%
• YTD: 22.40%
• 6M: 23.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAS.TO vs. XEI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CAS.TO Cascades Inc.	-11.82%	40.11%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	22.40%	17.82%

Correlation

The correlation between CAS.TO and XEI.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.27

Return for Risk

CAS.TO vs. XEI.TO — Risk / Return Rank

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

CAS.TO

CAS.TO Risk / Return Rank: 64
CAS.TO Sharpe Ratio Rank: 69
CAS.TO Sortino Ratio Rank: 66
CAS.TO Omega Ratio Rank: 64
CAS.TO Calmar Ratio Rank: 61
CAS.TO Martin Ratio Rank: 62

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.

CAS.TO vs. XEI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cascades Inc. (CAS.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). 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.

	CAS.TO	XEI.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.88	—	—
Sortino ratio: Return per unit of downside risk	1.52	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.97	—	—
Martin ratio: Return relative to average drawdown	2.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CAS.TO	XEI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	6.14	-6.02

Drawdowns

CAS.TO vs. XEI.TO - Drawdown Comparison

The maximum CAS.TO drawdown since its inception was -89.09%, which is greater than XEI.TO's maximum drawdown of -2.24%. Use the drawdown chart below to compare losses from any high point for CAS.TO and XEI.TO.

Drawdown Indicators

	CAS.TO	XEI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-89.09%	-2.24%	-86.85%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.74%	—	—
Current Drawdown Current decline from peak	-24.61%	-0.69%	-23.92%
Average Drawdown Average peak-to-trough decline	-31.73%	-0.39%	-31.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.98%	—	—

Volatility

Volatility by Period

	CAS.TO	XEI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.34%	7.29%	+21.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.71%	7.29%	+25.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.70%	7.29%	+28.41%

Dividends

CAS.TO vs. XEI.TO - Dividend Comparison

CAS.TO's dividend yield for the trailing twelve months is around 4.47%, more than XEI.TO's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAS.TO Cascades Inc.	4.47%	3.85%	4.03%	3.77%	7.09%	2.86%	2.20%	2.14%	1.56%	1.17%	1.32%	1.26%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	3.55%	4.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CAS.TO and XEI.TO in my portfolio?

CAS.TO and XEI.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.