CEW.TO vs. XFN.TO
Compare and contrast key facts about iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares S&P/TSX Capped Financials Index ETF (XFN.TO).
CEW.TO and XFN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Fin Svc GR CAD. It was launched on Feb 6, 2008. XFN.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Fin Svc GR CAD. It was launched on Mar 23, 2001. Both CEW.TO and XFN.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEW.TO or XFN.TO.
Key characteristics
| CEW.TO | XFN.TO | |
|---|---|---|
| YTD Return | 5.41% | 6.63% |
| 1Y Return | 15.13% | 17.19% |
| 3Y Return (Ann) | 6.66% | 6.87% |
| 5Y Return (Ann) | 10.32% | 9.56% |
| 10Y Return (Ann) | 9.41% | 8.99% |
| Sharpe Ratio | 1.32 | 1.48 |
| Daily Std Dev | 12.15% | 12.25% |
| Max Drawdown | -53.54% | -100.00% |
| Current Drawdown | 0.00% | -99.99% |
Correlation
The correlation between CEW.TO and XFN.TO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CEW.TO vs. XFN.TO - Performance Comparison
In the year-to-date period, CEW.TO achieves a 5.41% return, which is significantly lower than XFN.TO's 6.63% return. Both investments have delivered pretty close results over the past 10 years, with CEW.TO having a 9.41% annualized return and XFN.TO not far behind at 8.99%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CEW.TO vs. XFN.TO - Expense Ratio Comparison
Both CEW.TO and XFN.TO have an expense ratio of 0.61%.
Risk-Adjusted Performance
CEW.TO vs. XFN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and iShares S&P/TSX Capped Financials Index ETF (XFN.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.
Dividends
CEW.TO vs. XFN.TO - Dividend Comparison
CEW.TO's dividend yield for the trailing twelve months is around 3.95%, more than XFN.TO's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 3.95% | 3.98% | 3.95% | 3.02% | 3.71% | 3.29% | 3.03% | 2.54% | 2.61% | 2.82% | 2.59% | 2.78% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 3.81% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% | 2.95% | 2.86% |
Drawdowns
CEW.TO vs. XFN.TO - Drawdown Comparison
The maximum CEW.TO drawdown since its inception was -53.54%, smaller than the maximum XFN.TO drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CEW.TO and XFN.TO. For additional features, visit the drawdowns tool.
Volatility
CEW.TO vs. XFN.TO - Volatility Comparison
iShares Equal Weight Banc & Lifeco ETF (CEW.TO) has a higher volatility of 2.96% compared to iShares S&P/TSX Capped Financials Index ETF (XFN.TO) at 2.77%. This indicates that CEW.TO's price experiences larger fluctuations and is considered to be riskier than XFN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.