CYH.TO vs. CIE.NEO
CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds from iShares - CYH.TO tracks the Morningstar Gbl GR CAD while CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index. Both are passively managed. Over the past 10 years, CYH.TO returned 8.21%/yr vs 11.97%/yr for CIE.NEO. A 0.51 correlation means they provide meaningful diversification when combined. CYH.TO charges 0.66%/yr vs 0.73%/yr for CIE.NEO.
Performance
CYH.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CYH.TO achieves a 10.22% return, which is significantly lower than CIE.NEO's 18.32% return. Over the past 10 years, CYH.TO has underperformed CIE.NEO with an annualized return of 8.21%, while CIE.NEO has yielded a comparatively higher 11.97% annualized return.
CYH.TO
- 1D
- 0.26%
- 1M
- -0.11%
- YTD
- 10.22%
- 6M
- 11.20%
- 1Y
- 23.68%
- 3Y*
- 16.48%
- 5Y*
- 8.53%
- 10Y*
- 8.21%
CIE.NEO
- 1D
- 0.42%
- 1M
- 6.88%
- YTD
- 18.32%
- 6M
- 20.08%
- 1Y
- 40.12%
- 3Y*
- 24.89%
- 5Y*
- 15.60%
- 10Y*
- 11.97%
CYH.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 10.22% | 18.77% | 12.29% | 3.84% | -2.47% | 23.43% | -8.71% | 14.38% | -6.21% | 13.16% |
CIE.NEO iShares International Fundamental Common Class | 18.32% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 11.29% | -8.19% | 16.74% |
Correlation
The correlation between CYH.TO and CIE.NEO is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009 | 0.51 |
The correlation between CYH.TO and CIE.NEO has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
CYH.TO vs. CIE.NEO — Risk / Return Rank
CYH.TO
CIE.NEO
CYH.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| CYH.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.55 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 3.63 | +0.82 |
| Martin ratioReturn relative to average drawdown | 17.05 | 15.02 | +2.03 |
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
| CYH.TO | CIE.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.89 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.13 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.66 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.44 | -0.12 |
Drawdowns
CYH.TO vs. CIE.NEO - Drawdown Comparison
The maximum CYH.TO drawdown since its inception was -61.48%, which is greater than CIE.NEO's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for CYH.TO and CIE.NEO.
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Drawdown Indicators
| CYH.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.48% | -40.08% | -21.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -11.10% | +5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -15.44% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -20.55% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | -40.08% | -2.22% |
Current DrawdownCurrent decline from peak | -1.30% | 0.00% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -7.13% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.68% | -1.29% |
Volatility
CYH.TO vs. CIE.NEO - Volatility Comparison
The current volatility for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) is 2.62%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.82%. This indicates that CYH.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CYH.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 4.82% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 11.56% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 13.94% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 13.85% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 18.18% | -1.16% |
CYH.TO vs. CIE.NEO - Expense Ratio Comparison
CYH.TO has a 0.66% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.
Dividends
CYH.TO vs. CIE.NEO - Dividend Comparison
CYH.TO's dividend yield for the trailing twelve months is around 3.33%, more than CIE.NEO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.11% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 3.33% | 3.77% | 4.33% | 4.68% | 4.72% | 3.89% | 4.51% | 4.01% | 3.98% | 3.03% | 3.39% | 3.84% |
Frequently Asked Questions
CYH.TO and CIE.NEO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CYH.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CYH.TO is cheaper with a 0.66% expense ratio, compared with 0.73% for CIE.NEO.
CYH.TO tracks Morningstar Gbl GR CAD, while CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index. Their fees differ too: 0.66% for CYH.TO and 0.73% for CIE.NEO.
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