CVE.TO vs. XIU.TO
Compare and contrast key facts about Cenovus Energy Inc. (CVE.TO) and iShares S&P/TSX 60 Index ETF (XIU.TO).
XIU.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 28, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVE.TO or XIU.TO.
Key characteristics
| CVE.TO | XIU.TO | |
|---|---|---|
| YTD Return | 3.34% | 22.07% |
| 1Y Return | -6.30% | 28.36% |
| 3Y Return (Ann) | 14.95% | 8.21% |
| 5Y Return (Ann) | 14.84% | 11.56% |
| 10Y Return (Ann) | -0.13% | 8.98% |
| Sharpe Ratio | -0.28 | 2.85 |
| Sortino Ratio | -0.21 | 3.96 |
| Omega Ratio | 0.97 | 1.54 |
| Calmar Ratio | -0.24 | 5.84 |
| Martin Ratio | -0.62 | 21.20 |
| Ulcer Index | 12.76% | 1.35% |
| Daily Std Dev | 27.99% | 10.05% |
| Max Drawdown | -92.84% | -52.31% |
| Current Drawdown | -24.45% | 0.00% |
Correlation
The correlation between CVE.TO and XIU.TO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CVE.TO vs. XIU.TO - Performance Comparison
In the year-to-date period, CVE.TO achieves a 3.34% return, which is significantly lower than XIU.TO's 22.07% return. Over the past 10 years, CVE.TO has underperformed XIU.TO with an annualized return of -0.13%, while XIU.TO has yielded a comparatively higher 8.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CVE.TO vs. XIU.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE.TO) and iShares S&P/TSX 60 Index ETF (XIU.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.
Dividends
CVE.TO vs. XIU.TO - Dividend Comparison
CVE.TO's dividend yield for the trailing twelve months is around 3.51%, more than XIU.TO's 2.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE.TO Cenovus Energy Inc. | 3.51% | 2.40% | 1.83% | 0.64% | 0.77% | 1.59% | 2.08% | 1.74% | 0.99% | 4.87% | 4.44% | 3.18% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.70% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% | 2.65% | 2.68% |
Drawdowns
CVE.TO vs. XIU.TO - Drawdown Comparison
The maximum CVE.TO drawdown since its inception was -92.84%, which is greater than XIU.TO's maximum drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for CVE.TO and XIU.TO. For additional features, visit the drawdowns tool.
Volatility
CVE.TO vs. XIU.TO - Volatility Comparison
Cenovus Energy Inc. (CVE.TO) has a higher volatility of 6.99% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 2.96%. This indicates that CVE.TO's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.