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CIF.TO vs. VCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIF.TO vs. VCN.TO

Last updated Jun 14, 2026

CIF.TO (iShares Global Infrastructure Index ETF) and VCN.TO (Vanguard FTSE Canada All Cap Index ETF) are both exchange-traded funds - CIF.TO is a Energy Equities fund tracking the Manulife Investment Management Global Infrastructure Index, while VCN.TO is a Canada Equities fund tracking the FTSE Canada All Cap Domestic Index. Both are passively managed. Over the past 10 years, CIF.TO returned 13.54%/yr vs 12.80%/yr for VCN.TO. A 0.57 correlation means they provide meaningful diversification when combined. CIF.TO charges 0.72%/yr vs 0.06%/yr for VCN.TO.

Performance

CIF.TO vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Infrastructure Index ETF (CIF.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CIF.TO achieves a 25.11% return, which is significantly higher than VCN.TO's 10.85% return. Over the past 10 years, CIF.TO has outperformed VCN.TO with an annualized return of 13.54%, while VCN.TO has yielded a comparatively lower 12.80% annualized return.

CIF.TO

1D
1.09%
1M
1.01%
YTD
25.11%
6M
18.12%
1Y
34.53%
3Y*
24.98%
5Y*
18.36%
10Y*
13.54%

VCN.TO

1D
0.72%
1M
2.14%
YTD
10.85%
6M
11.65%
1Y
33.96%
3Y*
23.86%
5Y*
14.96%
10Y*
12.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CIF.TO vs. VCN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CIF.TO
iShares Global Infrastructure Index ETF		25.11%14.57%25.83%14.99%6.22%18.14%-0.31%24.93%-5.12%2.73%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		10.85%31.00%22.16%12.29%-5.76%25.65%4.83%22.09%-9.09%8.44%

Correlation

The correlation between CIF.TO and VCN.TO is 0.61, 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

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2013

0.57

The correlation between CIF.TO and VCN.TO shifts across timeframes, from 0.57 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.

CIF.TO vs. VCN.TO - Sectors Allocation Comparison

Sectors
CIF.TO
VCN.TO

Utilities

46.9%
2.7%

Industrials

31.8%
10.5%

Energy

20.8%
18.5%

Technology

0.5%
7.5%

Consumer Cyclical

0.5%
3.7%

Basic Materials

-

17.6%

Communication Services

-

1.4%

Consumer Defensive

-

2.8%

Financial Services

-

33.7%

Healthcare

-

0.1%

Real Estate

-

1.5%

Utilities

CIF.TO
46.9%
VCN.TO
2.7%

Industrials

CIF.TO
31.8%
VCN.TO
10.5%

Energy

CIF.TO
20.8%
VCN.TO
18.5%

Technology

CIF.TO
0.5%
VCN.TO
7.5%

Consumer Cyclical

CIF.TO
0.5%
VCN.TO
3.7%

Basic Materials

CIF.TO

-

VCN.TO
17.6%

Communication Services

CIF.TO

-

VCN.TO
1.4%

Consumer Defensive

CIF.TO

-

VCN.TO
2.8%

Financial Services

CIF.TO

-

VCN.TO
33.7%

Healthcare

CIF.TO

-

VCN.TO
0.1%

Real Estate

CIF.TO

-

VCN.TO
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Infrastructure Index ETF

Vanguard FTSE Canada All Cap Index ETF

Often compared with CIF.TO:
CIF.TO vs. VFV.TOCIF.TO vs. MLPP.LCIF.TO vs. ZQQ.TOCIF.TO vs. CWW.TOCIF.TO vs. VGTCIF.TO vs. ZGI.TOCIF.TO vs. XDIV.TO
Often compared with VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO

Return for Risk

CIF.TO vs. VCN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CIF.TO
CIF.TO Risk / Return Rank: 7979
Overall Rank
CIF.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
CIF.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
CIF.TO Omega Ratio Rank: 8080
Omega Ratio Rank
CIF.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
CIF.TO Martin Ratio Rank: 7878
Martin Ratio Rank
VCN.TO
VCN.TO Risk / Return Rank: 8686
Overall Rank
VCN.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
VCN.TO Martin Ratio Rank: 8888
Martin Ratio Rank
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.

CIF.TO vs. VCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

CIF.TOVCN.TODifference
Sharpe ratioReturn per unit of total volatility
2.23
2.59

-0.37

Sortino ratioReturn per unit of downside risk
3.00
3.35

-0.35

Omega ratioGain probability vs. loss probability

1.41

1.47

-0.05

Calmar ratioReturn relative to maximum drawdown

3.64

3.68

-0.05

Martin ratioReturn relative to average drawdown

12.99

16.98

-3.99

CIF.TO vs. VCN.TO - Sharpe Ratio Comparison

The current CIF.TO Sharpe Ratio is 2.23, which is comparable to the VCN.TO Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of CIF.TO and VCN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CIF.TO vs. VCN.TO - Drawdown Comparison

The maximum CIF.TO drawdown since its inception was -45.41%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for CIF.TO and VCN.TO.

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Drawdown Indicators

CIF.TOVCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-45.41%

-37.32%

-8.09%

Max Drawdown (1Y)

Largest decline over 1 year

-9.49%

-9.11%

-0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-20.33%

-12.24%

-8.09%

Max Drawdown (5Y)

Largest decline over 5 years

-20.33%

-16.12%

-4.21%

Max Drawdown (10Y)

Largest decline over 10 years

-45.41%

-37.32%

-8.09%

Current Drawdown

Current decline from peak

-0.94%

-0.85%

-0.09%

Average Drawdown

Average peak-to-trough decline

-9.75%

-3.89%

-5.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

1.97%

+0.68%

Volatility

CIF.TO vs. VCN.TO - Volatility Comparison

iShares Global Infrastructure Index ETF (CIF.TO) has a higher volatility of 5.07% compared to Vanguard FTSE Canada All Cap Index ETF (VCN.TO) at 4.44%. This indicates that CIF.TO's price experiences larger fluctuations and is considered to be riskier than VCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CIF.TOVCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.07%

4.44%

+0.63%

Volatility (6M)

Calculated over the trailing 6-month period

12.85%

10.63%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

15.50%

12.94%

+2.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.16%

13.10%

+2.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.97%

14.99%

+10.98%

CIF.TO vs. VCN.TO - Expense Ratio Comparison

CIF.TO has a 0.72% expense ratio, which is higher than VCN.TO's 0.06% expense ratio.

Dividends

CIF.TO vs. VCN.TO - Dividend Comparison

CIF.TO's dividend yield for the trailing twelve months is around 1.82%, less than VCN.TO's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
CIF.TO
iShares Global Infrastructure Index ETF		1.82%2.14%3.13%2.63%2.83%2.55%2.37%2.11%2.82%2.64%2.09%2.81%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		2.00%2.27%2.71%3.00%3.17%2.49%2.72%2.88%2.83%2.29%2.36%2.68%

Frequently Asked Questions

CIF.TO and VCN.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VCN.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VCN.TO is cheaper with a 0.06% expense ratio, compared with 0.72% for CIF.TO.

CIF.TO is categorized as Energy Equities, while VCN.TO is Canada Equities. CIF.TO tracks Manulife Investment Management Global Infrastructure Index, while VCN.TO tracks FTSE Canada All Cap Domestic Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.72% for CIF.TO and 0.06% for VCN.TO.

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