CYH.TO vs. WSHR.NEO
CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) are both Global Equities funds - CYH.TO tracks the Morningstar Gbl GR CAD while WSHR.NEO tracks the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. Both are passively managed. Over the past 5 years, CYH.TO returned 8.53%/yr vs 7.02%/yr for WSHR.NEO. At a 0.50 correlation, their price movements are largely independent. CYH.TO charges 0.66%/yr vs 0.56%/yr for WSHR.NEO.
Performance
CYH.TO vs. WSHR.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 higher than WSHR.NEO's 5.97% 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%
WSHR.NEO
- 1D
- 0.27%
- 1M
- 3.61%
- YTD
- 5.97%
- 6M
- 4.74%
- 1Y
- 9.08%
- 3Y*
- 9.32%
- 5Y*
- 7.02%
- 10Y*
- —
CYH.TO vs. WSHR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 10.22% | 18.77% | 12.29% | 3.84% | -2.47% | 3.49% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 5.97% | 5.34% | 12.31% | 11.88% | -10.32% | 16.05% |
Correlation
The correlation between CYH.TO and WSHR.NEO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.50 |
The correlation between CYH.TO and WSHR.NEO has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
CYH.TO vs. WSHR.NEO — Risk / Return Rank
CYH.TO
WSHR.NEO
CYH.TO vs. WSHR.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 Wealthsimple Shariah World Equity Index ETF (WSHR.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 | WSHR.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.16 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 1.02 | +3.44 |
| Martin ratioReturn relative to average drawdown | 17.05 | 3.39 | +13.66 |
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 | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 0.82 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.63 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.70 | -0.38 |
Drawdowns
CYH.TO vs. WSHR.NEO - Drawdown Comparison
The maximum CYH.TO drawdown since its inception was -61.48%, which is greater than WSHR.NEO's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for CYH.TO and WSHR.NEO.
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Drawdown Indicators
| CYH.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.48% | -20.86% | -40.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -8.96% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.13% | -11.15% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -20.86% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.30% | — | — |
Current DrawdownCurrent decline from peak | -1.30% | -0.93% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -4.81% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.69% | -1.30% |
Volatility
CYH.TO vs. WSHR.NEO - Volatility Comparison
iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) has a higher volatility of 2.62% compared to Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) at 2.21%. This indicates that CYH.TO's price experiences larger fluctuations and is considered to be riskier than WSHR.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 | WSHR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.21% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 7.80% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.96% | 11.10% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 11.13% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 11.11% | +5.91% |
CYH.TO vs. WSHR.NEO - Expense Ratio Comparison
CYH.TO has a 0.66% expense ratio, which is higher than WSHR.NEO's 0.56% expense ratio.
Dividends
CYH.TO vs. WSHR.NEO - Dividend Comparison
CYH.TO's dividend yield for the trailing twelve months is around 3.33%, more than WSHR.NEO's 1.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.32% | 1.34% | 1.31% | 1.34% | 2.58% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CYH.TO and WSHR.NEO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WSHR.NEO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WSHR.NEO is cheaper with a 0.56% expense ratio, compared with 0.66% for CYH.TO.
CYH.TO tracks Morningstar Gbl GR CAD, while WSHR.NEO tracks Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. They also come from different issuers: iShares and Mackenzie. Their fees differ too: 0.66% for CYH.TO and 0.56% for WSHR.NEO.
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