CIE.NEO vs. CYH.TO
CIE.NEO (iShares International Fundamental Common Class) and CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) are both Global Equities funds from iShares - CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index while CYH.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 10 years, CIE.NEO returned 11.89%/yr vs 8.22%/yr for CYH.TO. A 0.51 correlation means they provide meaningful diversification when combined. CIE.NEO charges 0.73%/yr vs 0.66%/yr for CYH.TO.
Performance
CIE.NEO vs. CYH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIE.NEO achieves a 17.83% return, which is significantly higher than CYH.TO's 9.93% return. Over the past 10 years, CIE.NEO has outperformed CYH.TO with an annualized return of 11.89%, while CYH.TO has yielded a comparatively lower 8.22% annualized return.
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
CYH.TO
- 1D
- -0.78%
- 1M
- 0.38%
- YTD
- 9.93%
- 6M
- 10.41%
- 1Y
- 22.80%
- 3Y*
- 16.71%
- 5Y*
- 8.48%
- 10Y*
- 8.22%
CIE.NEO vs. CYH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 11.29% | -8.19% | 16.74% |
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 9.93% | 18.77% | 12.29% | 3.84% | -2.47% | 23.43% | -8.71% | 14.38% | -6.21% | 13.16% |
Correlation
The correlation between CIE.NEO and CYH.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009 | 0.51 |
The correlation between CIE.NEO and CYH.TO has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
CIE.NEO vs. CYH.TO — Risk / Return Rank
CIE.NEO
CYH.TO
CIE.NEO vs. CYH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.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.
| CIE.NEO | CYH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.42 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.29 | -0.71 |
| Martin ratioReturn relative to average drawdown | 14.78 | 16.45 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIE.NEO | CYH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.30 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.63 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.49 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.33 | +0.11 |
Drawdowns
CIE.NEO vs. CYH.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, smaller than the maximum CYH.TO drawdown of -61.48%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and CYH.TO.
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Drawdown Indicators
| CIE.NEO | CYH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -61.48% | +21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -5.34% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -12.13% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | -17.67% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | -42.30% | +2.22% |
Current DrawdownCurrent decline from peak | -0.39% | -1.55% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -9.94% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.39% | +1.29% |
Volatility
CIE.NEO vs. CYH.TO - Volatility Comparison
iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 4.85% compared to iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) at 2.72%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than CYH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | CYH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 2.72% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 7.18% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 9.96% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.58% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 17.02% | +1.17% |
CIE.NEO vs. CYH.TO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is higher than CYH.TO's 0.66% expense ratio.
Dividends
CIE.NEO vs. CYH.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.12%, less than CYH.TO's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 3.34% | 3.77% | 4.33% | 4.68% | 4.72% | 3.89% | 4.51% | 4.01% | 3.98% | 3.03% | 3.39% | 3.84% |
Frequently Asked Questions
CIE.NEO and CYH.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CYH.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CYH.TO is cheaper with a 0.66% expense ratio, compared with 0.73% for CIE.NEO.
CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index, while CYH.TO tracks Morningstar Gbl GR CAD. Their fees differ too: 0.73% for CIE.NEO and 0.66% for CYH.TO.
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