CNC.V vs. EIT-UN.TO

Last updated Jun 4, 2026

CNC.V (Canada Nickel Company Inc) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 5 years, CNC.V returned -14.98%/yr vs 131.16%/yr for EIT-UN.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

CNC.V vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canada Nickel Company Inc (CNC.V) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNC.V achieves a 13.57% return, which is significantly lower than EIT-UN.TO's 27.79% return.

CNC.V

• 1D: -5.36%
• 1M: -5.92%
• YTD: 13.57%
• 6M: 27.20%
• 1Y: 67.37%
• 3Y*: 6.40%
• 5Y*: -14.98%
• 10Y*: —

EIT-UN.TO

• 1D: 23.25%
• 1M: 24.15%
• YTD: 27.79%
• 6M: 33.97%
• 1Y: 25.62%
• 3Y*: 22.10%
• 5Y*: 131.16%
• 10Y*: 118.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CNC.V vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CNC.V Canada Nickel Company Inc	13.57%	52.17%	-19.30%	-44.39%	-44.74%	91.24%	115.56%
EIT-UN.TO Canoe EIT Income Fund	27.79%	3.45%	28.25%	5.94%	10.49%	4,164.28%	2,010.71%

Correlation

The correlation between CNC.V and EIT-UN.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020	0.18

The correlation between CNC.V and EIT-UN.TO shifts across timeframes, from 0.04 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CNC.V vs. EIT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNC.V

CNC.V Risk / Return Rank: 70
CNC.V Sharpe Ratio Rank: 72
CNC.V Sortino Ratio Rank: 72
CNC.V Omega Ratio Rank: 70
CNC.V Calmar Ratio Rank: 70
CNC.V Martin Ratio Rank: 67

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.

CNC.V vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canada Nickel Company Inc (CNC.V) and Canoe EIT Income Fund (EIT-UN.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.

	CNC.V	EIT-UN.TO	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.00	-0.02
Sortino ratio Return per unit of downside risk	1.84	2.53	-0.69
Omega ratio Gain probability vs. loss probability	1.22	3.53	-2.31
Calmar ratio Return relative to maximum drawdown	1.54	—	—
Martin ratio Return relative to average drawdown	2.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNC.V vs. EIT-UN.TO - Sharpe Ratio Comparison

The current CNC.V Sharpe Ratio is 0.98, which is comparable to the EIT-UN.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of CNC.V and EIT-UN.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.

Sharpe Ratios by Period

	CNC.V	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.00	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.11	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.00	+0.12

Drawdowns

CNC.V vs. EIT-UN.TO - Drawdown Comparison

The maximum CNC.V drawdown since its inception was -83.14%, which is greater than EIT-UN.TO's maximum drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for CNC.V and EIT-UN.TO.

Drawdown Indicators

	CNC.V	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-83.14%	-56.65%	-26.49%
Max Drawdown (1Y) Largest decline over 1 year	-44.09%	0.00%	-44.09%
Max Drawdown (3Y) Largest decline over 3 years	-64.25%	-10.73%	-53.52%
Max Drawdown (5Y) Largest decline over 5 years	-80.68%	-15.57%	-65.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.36%	—
Current Drawdown Current decline from peak	-63.78%	0.00%	-63.78%
Average Drawdown Average peak-to-trough decline	-55.10%	-3.87%	-51.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.78%	6.16%	+16.62%

Volatility

CNC.V vs. EIT-UN.TO - Volatility Comparison

The current volatility for Canada Nickel Company Inc (CNC.V) is 13.19%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 20.88%. This indicates that CNC.V experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNC.V	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.19%	20.88%	-7.69%
Volatility (6M) Calculated over the trailing 6-month period	48.79%	21.29%	+27.50%
Volatility (1Y) Calculated over the trailing 1-year period	69.45%	25.85%	+43.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.32%	1,193.88%	-1,133.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.70%	1,020.22%	-943.52%

Dividends

CNC.V vs. EIT-UN.TO - Dividend Comparison

CNC.V has not paid dividends to shareholders, while EIT-UN.TO's dividend yield for the trailing twelve months is around 10.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNC.V Canada Nickel Company 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%
EIT-UN.TO Canoe EIT Income Fund	10.19%	12.56%	7.90%	9.29%	8.97%	104.98%	108.64%	11.53%	11.62%	11.01%	10.06%	10.71%

Frequently Asked Questions

Can I hold both CNC.V and EIT-UN.TO in my portfolio?

CNC.V and EIT-UN.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.