EIT-UN.TO vs. XIU.TO

Last updated Jun 9, 2026

EIT-UN.TO (Canoe EIT Income Fund) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both funds - EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. EIT-UN.TO is actively managed, while XIU.TO is passively managed. Over the past 10 years, EIT-UN.TO returned 15.69%/yr vs 12.76%/yr for XIU.TO. A 0.58 correlation means they provide meaningful diversification when combined. EIT-UN.TO charges 1.10%/yr vs 0.18%/yr for XIU.TO.

Performance

EIT-UN.TO vs. XIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canoe EIT Income Fund (EIT-UN.TO) and iShares S&P/TSX 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIT-UN.TO achieves a 13.19% return, which is significantly higher than XIU.TO's 9.69% return. Over the past 10 years, EIT-UN.TO has outperformed XIU.TO with an annualized return of 15.69%, while XIU.TO has yielded a comparatively lower 12.76% annualized return.

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

XIU.TO

• 1D: 0.26%
• 1M: 2.33%
• YTD: 9.69%
• 6M: 11.69%
• 1Y: 31.18%
• 3Y*: 22.55%
• 5Y*: 14.33%
• 10Y*: 12.76%

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

EIT-UN.TO vs. XIU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%
XIU.TO iShares S&P/TSX 60 Index ETF	9.69%	28.89%	20.73%	11.85%	-6.35%	28.06%	5.27%	21.81%	-7.82%	9.58%

Correlation

The correlation between EIT-UN.TO and XIU.TO is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 10, 2006	0.58

The correlation between EIT-UN.TO and XIU.TO has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Return for Risk

EIT-UN.TO vs. XIU.TO — Risk / Return Rank

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

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

XIU.TO

XIU.TO Risk / Return Rank: 86
XIU.TO Sharpe Ratio Rank: 88
XIU.TO Sortino Ratio Rank: 86
XIU.TO Omega Ratio Rank: 85
XIU.TO Calmar Ratio Rank: 84
XIU.TO Martin Ratio Rank: 90

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.

EIT-UN.TO vs. XIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.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.

	EIT-UN.TO	XIU.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.62	-0.33
Sortino ratio: Return per unit of downside risk	3.46	3.49	-0.03
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	3.40	4.09	-0.69
Martin ratio: Return relative to average drawdown	13.03	18.93	-5.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIT-UN.TO vs. XIU.TO - Sharpe Ratio Comparison

The current EIT-UN.TO Sharpe Ratio is 2.29, which is comparable to the XIU.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of EIT-UN.TO and XIU.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

	EIT-UN.TO	XIU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.62	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	1.12	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.85	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.55	-0.09

Drawdowns

EIT-UN.TO vs. XIU.TO - Drawdown Comparison

The maximum EIT-UN.TO drawdown since its inception was -63.56%, which is greater than XIU.TO's maximum drawdown of -46.98%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and XIU.TO.

Drawdown Indicators

	EIT-UN.TO	XIU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-46.98%	-16.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-7.65%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-12.36%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-15.57%	-16.36%	+0.79%
Max Drawdown (10Y) Largest decline over 10 years	-50.36%	-35.46%	-14.90%
Current Drawdown Current decline from peak	-0.52%	-1.68%	+1.16%
Average Drawdown Average peak-to-trough decline	-8.81%	-6.85%	-1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.65%	-0.10%

Volatility

EIT-UN.TO vs. XIU.TO - Volatility Comparison

The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.55%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.96%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIT-UN.TO	XIU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	3.96%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	9.56%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	11.97%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	12.82%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	15.02%	+2.51%

EIT-UN.TO vs. XIU.TO - Expense Ratio Comparison

EIT-UN.TO has a 1.10% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.

Dividends

EIT-UN.TO vs. XIU.TO - Dividend Comparison

EIT-UN.TO's dividend yield for the trailing twelve months is around 6.95%, more than XIU.TO's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%
XIU.TO iShares S&P/TSX 60 Index ETF	2.21%	2.39%	2.92%	3.16%	3.02%	2.43%	3.03%	2.87%	3.18%	2.58%	2.65%	3.19%

Frequently Asked Questions

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

EIT-UN.TO and XIU.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.