CIF.TO vs. FXAIX
CIF.TO (iShares Global Infrastructure Index ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - CIF.TO is a Energy Equities fund tracking the Manulife Investment Management Global Infrastructure Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CIF.TO returned 12.99%/yr vs 16.45%/yr for FXAIX. A 0.53 correlation means they provide meaningful diversification when combined. CIF.TO charges 0.72%/yr vs 0.02%/yr for FXAIX.
Performance
CIF.TO vs. FXAIX - Performance Comparison
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Different Trading Currencies
CIF.TO is traded in CAD, while FXAIX is traded in USD. To make them comparable, the FXAIX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CIF.TO achieves a 25.20% return, which is significantly higher than FXAIX's 12.67% return. Over the past 10 years, CIF.TO has underperformed FXAIX with an annualized return of 12.99%, while FXAIX has yielded a comparatively higher 16.45% annualized return.
CIF.TO
- 1D
- 1.03%
- 1M
- 3.28%
- YTD
- 25.20%
- 6M
- 16.23%
- 1Y
- 35.22%
- 3Y*
- 25.10%
- 5Y*
- 18.52%
- 10Y*
- 12.99%
FXAIX
- 1D
- 0.44%
- 1M
- 7.47%
- YTD
- 12.67%
- 6M
- 10.86%
- 1Y
- 30.12%
- 3Y*
- 24.01%
- 5Y*
- 17.38%
- 10Y*
- 16.45%
CIF.TO vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 25.20% | 14.45% | 25.40% | 14.65% | 5.90% | 17.73% | -0.62% | 23.55% | -5.46% | 2.34% |
FXAIX Fidelity 500 Index Fund | 12.67% | 12.44% | 35.75% | 23.51% | -12.30% | 27.54% | 16.42% | 25.02% | 3.68% | 14.06% |
Correlation
The correlation between CIF.TO and FXAIX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 5, 2011 | 0.53 |
The correlation between CIF.TO and FXAIX has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
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Return for Risk
CIF.TO vs. FXAIX — Risk / Return Rank
CIF.TO
FXAIX
CIF.TO vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and Fidelity 500 Index Fund (FXAIX). 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.
| CIF.TO | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.50 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.61 | +0.12 |
| Martin ratioReturn relative to average drawdown | 13.46 | 13.77 | -0.31 |
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
| CIF.TO | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.65 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.16 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 1.01 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.12 | -0.58 |
Drawdowns
CIF.TO vs. FXAIX - Drawdown Comparison
The maximum CIF.TO drawdown since its inception was -42.37%, which is greater than FXAIX's maximum drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for CIF.TO and FXAIX.
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Drawdown Indicators
| CIF.TO | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -27.44% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -8.62% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -19.01% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -22.03% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -42.37% | -27.44% | -14.93% |
Current DrawdownCurrent decline from peak | -0.76% | 0.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -3.27% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.25% | +0.38% |
Volatility
CIF.TO vs. FXAIX - Volatility Comparison
iShares Global Infrastructure Index ETF (CIF.TO) has a higher volatility of 5.85% compared to Fidelity 500 Index Fund (FXAIX) at 2.79%. This indicates that CIF.TO's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIF.TO | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 2.79% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 8.88% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 11.71% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 15.01% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 16.34% | +0.35% |
CIF.TO vs. FXAIX - Expense Ratio Comparison
CIF.TO has a 0.72% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
CIF.TO vs. FXAIX - Dividend Comparison
CIF.TO's dividend yield for the trailing twelve months is around 1.77%, more than FXAIX's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 1.77% | 2.05% | 2.84% | 2.36% | 2.53% | 2.24% | 2.06% | 1.83% | 2.45% | 2.27% | 1.81% | 2.41% |
FXAIX Fidelity 500 Index Fund | 1.03% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
CIF.TO and FXAIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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