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CLS.TO vs. XCS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CLS.TO vs. XCS.TO

Last updated Jun 4, 2026

CLS.TO (Celestica Inc.) is a stock, while XCS.TO (iShares S&P/TSX SmallCap Index ETF) is Canada Equities fund tracking the Morningstar Canada Sml GR CAD. Over the past 10 years, CLS.TO returned 46.55%/yr vs 9.94%/yr for XCS.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

CLS.TO vs. XCS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Celestica Inc. (CLS.TO) and iShares S&P/TSX SmallCap Index ETF (XCS.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, CLS.TO achieves a 56.66% return, which is significantly higher than XCS.TO's 23.53% return. Over the past 10 years, CLS.TO has outperformed XCS.TO with an annualized return of 46.55%, while XCS.TO has yielded a comparatively lower 9.94% annualized return.

CLS.TO

1D
-2.57%
1M
10.98%
YTD
56.66%
6M
47.87%
1Y
281.88%
3Y*
230.43%
5Y*
127.58%
10Y*
46.55%

XCS.TO

1D
-1.30%
1M
4.71%
YTD
23.53%
6M
21.57%
1Y
62.19%
3Y*
29.24%
5Y*
12.30%
10Y*
9.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLS.TO vs. XCS.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CLS.TO
Celestica Inc.		56.66%206.05%241.82%154.33%8.23%37.29%-4.64%-9.95%-9.26%-17.16%
XCS.TO
iShares S&P/TSX SmallCap Index ETF		23.53%43.37%18.11%4.17%-8.95%7.46%13.10%17.62%-19.51%2.27%

Correlation

The correlation between CLS.TO and XCS.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

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

0.34

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

0.39

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

0.36

Correlation (All Time)
Calculated using the full available price history since May 22, 2007

0.35

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Celestica Inc.

iShares S&P/TSX SmallCap Index ETF

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Often compared with XCS.TO:
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Return for Risk

CLS.TO vs. XCS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLS.TO
CLS.TO Risk / Return Rank: 9494
Overall Rank
CLS.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
CLS.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
CLS.TO Omega Ratio Rank: 9191
Omega Ratio Rank
CLS.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
CLS.TO Martin Ratio Rank: 9696
Martin Ratio Rank
XCS.TO
XCS.TO Risk / Return Rank: 7979
Overall Rank
XCS.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XCS.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
XCS.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XCS.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XCS.TO Martin Ratio Rank: 7676
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.

CLS.TO vs. XCS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS.TO) and iShares S&P/TSX SmallCap Index ETF (XCS.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.

CLS.TOXCS.TODifference
Sharpe ratioReturn per unit of total volatility
4.07
2.89

+1.18

Sortino ratioReturn per unit of downside risk
3.46
3.30

+0.16

Omega ratioGain probability vs. loss probability

1.47

1.50

-0.03

Calmar ratioReturn relative to maximum drawdown

8.95

4.29

+4.67

Martin ratioReturn relative to average drawdown

22.62

14.67

+7.95

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLS.TO vs. XCS.TO - Sharpe Ratio Comparison

The current CLS.TO Sharpe Ratio is 4.07, which is higher than the XCS.TO Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of CLS.TO and XCS.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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Sharpe Ratios by Period

CLS.TOXCS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.07

2.89

+1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.29

0.61

+1.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

0.49

+0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.24

-0.01

Drawdowns

CLS.TO vs. XCS.TO - Drawdown Comparison

The maximum CLS.TO drawdown since its inception was -97.34%, which is greater than XCS.TO's maximum drawdown of -61.18%. Use the drawdown chart below to compare losses from any high point for CLS.TO and XCS.TO.

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Drawdown Indicators

CLS.TOXCS.TODifference

Max Drawdown

Largest peak-to-trough decline

-97.34%

-61.18%

-36.16%

Max Drawdown (1Y)

Largest decline over 1 year

-31.71%

-14.58%

-17.13%

Max Drawdown (3Y)

Largest decline over 3 years

-54.25%

-15.54%

-38.71%

Max Drawdown (5Y)

Largest decline over 5 years

-54.25%

-34.63%

-19.62%

Max Drawdown (10Y)

Largest decline over 10 years

-79.32%

-50.44%

-28.88%

Current Drawdown

Current decline from peak

-2.57%

-1.30%

-1.27%

Average Drawdown

Average peak-to-trough decline

-75.63%

-16.96%

-58.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.53%

4.25%

+8.28%

Volatility

CLS.TO vs. XCS.TO - Volatility Comparison

Celestica Inc. (CLS.TO) has a higher volatility of 22.94% compared to iShares S&P/TSX SmallCap Index ETF (XCS.TO) at 4.56%. This indicates that CLS.TO's price experiences larger fluctuations and is considered to be riskier than XCS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CLS.TOXCS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

22.94%

4.56%

+18.38%

Volatility (6M)

Calculated over the trailing 6-month period

53.04%

17.35%

+35.69%

Volatility (1Y)

Calculated over the trailing 1-year period

69.90%

21.66%

+48.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

56.12%

20.42%

+35.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.56%

20.41%

+28.15%

Dividends

CLS.TO vs. XCS.TO - Dividend Comparison

CLS.TO has not paid dividends to shareholders, while XCS.TO's dividend yield for the trailing twelve months is around 1.03%.

PositionTTM20252024202320222021202020192018201720162015
CLS.TO
Celestica Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XCS.TO
iShares S&P/TSX SmallCap Index ETF		1.03%1.36%1.73%2.59%2.07%1.51%1.78%2.27%2.12%1.81%1.46%2.34%

Frequently Asked Questions

CLS.TO and XCS.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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