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FIE.TO vs. SAP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIE.TO vs. SAP.TO

Last updated Jun 4, 2026

FIE.TO (iShares Canadian Financial Monthly Income ETF) is Canada Equities fund tracking the Morningstar Can Equity Tgt Alloc NR CAD, while SAP.TO (Saputo Inc.) is a stock. Over the past 10 years, FIE.TO returned 11.90%/yr vs 2.50%/yr for SAP.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

FIE.TO vs. SAP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Financial Monthly Income ETF (FIE.TO) and Saputo Inc. (SAP.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FIE.TO achieves a 8.54% return, which is significantly higher than SAP.TO's 4.36% return. Over the past 10 years, FIE.TO has outperformed SAP.TO with an annualized return of 11.90%, while SAP.TO has yielded a comparatively lower 2.50% annualized return.

FIE.TO

1D
-0.37%
1M
2.99%
YTD
8.54%
6M
12.57%
1Y
31.11%
3Y*
24.63%
5Y*
12.71%
10Y*
11.90%

SAP.TO

1D
1.30%
1M
4.61%
YTD
4.36%
6M
9.14%
1Y
64.40%
3Y*
9.57%
5Y*
5.19%
10Y*
2.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIE.TO vs. SAP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIE.TO
iShares Canadian Financial Monthly Income ETF		8.54%28.28%27.54%12.58%-14.35%29.02%1.33%18.97%-9.12%12.01%
SAP.TO
Saputo Inc.		4.36%69.59%-4.35%-18.00%20.36%-18.33%-9.55%4.28%-11.88%-3.55%

Correlation

The correlation between FIE.TO and SAP.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.28

Correlation (10Y)
Calculated over the trailing 10-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2010

0.31

The correlation between FIE.TO and SAP.TO shifts across timeframes, from 0.19 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Financial Monthly Income ETF

Saputo Inc.

Often compared with FIE.TO:
FIE.TO vs. XEI.TOFIE.TO vs. XEQT.TOFIE.TO vs. XDIV.TOFIE.TO vs. XFN.TOFIE.TO vs. HMAX.TOFIE.TO vs. VDY.TOFIE.TO vs. FTN.TO
Often compared with SAP.TO:
SAP.TO vs. CNR.TOSAP.TO vs. ^TNXSAP.TO vs. CSU.TOSAP.TO vs. VFV.TOSAP.TO vs. SPYDSAP.TO vs. L.TOSAP.TO vs. XST.TO

Return for Risk

FIE.TO vs. SAP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIE.TO
FIE.TO Risk / Return Rank: 9393
Overall Rank
FIE.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
FIE.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
FIE.TO Omega Ratio Rank: 9494
Omega Ratio Rank
FIE.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
FIE.TO Martin Ratio Rank: 9191
Martin Ratio Rank
SAP.TO
SAP.TO Risk / Return Rank: 9191
Overall Rank
SAP.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
SAP.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
SAP.TO Omega Ratio Rank: 9393
Omega Ratio Rank
SAP.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
SAP.TO Martin Ratio Rank: 9292
Martin Ratio Rank
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.

FIE.TO vs. SAP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.TO) and Saputo Inc. (SAP.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.

FIE.TOSAP.TODifference
Sharpe ratioReturn per unit of total volatility
3.73
2.76

+0.97

Sortino ratioReturn per unit of downside risk
5.46
3.40

+2.06

Omega ratioGain probability vs. loss probability

1.71

1.50

+0.21

Calmar ratioReturn relative to maximum drawdown

5.48

4.03

+1.44

Martin ratioReturn relative to average drawdown

22.60

14.94

+7.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIE.TO vs. SAP.TO - Sharpe Ratio Comparison

The current FIE.TO Sharpe Ratio is 3.73, which is higher than the SAP.TO Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of FIE.TO and SAP.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.

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Sharpe Ratios by Period

FIE.TOSAP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.73

2.76

+0.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

0.23

+1.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.11

+0.74

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

0.49

+0.26

Drawdowns

FIE.TO vs. SAP.TO - Drawdown Comparison

The maximum FIE.TO drawdown since its inception was -42.24%, smaller than the maximum SAP.TO drawdown of -44.63%. Use the drawdown chart below to compare losses from any high point for FIE.TO and SAP.TO.

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Drawdown Indicators

FIE.TOSAP.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.24%

-44.63%

+2.39%

Max Drawdown (1Y)

Largest decline over 1 year

-5.70%

-16.05%

+10.35%

Max Drawdown (3Y)

Largest decline over 3 years

-10.70%

-32.20%

+21.50%

Max Drawdown (5Y)

Largest decline over 5 years

-22.93%

-35.29%

+12.36%

Max Drawdown (10Y)

Largest decline over 10 years

-42.24%

-44.63%

+2.39%

Current Drawdown

Current decline from peak

-1.30%

-4.77%

+3.47%

Average Drawdown

Average peak-to-trough decline

-4.87%

-13.86%

+8.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.38%

4.33%

-2.95%

Volatility

FIE.TO vs. SAP.TO - Volatility Comparison

The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.87%, while Saputo Inc. (SAP.TO) has a volatility of 6.64%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than SAP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIE.TOSAP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

6.64%

-3.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.16%

17.38%

-10.22%

Volatility (1Y)

Calculated over the trailing 1-year period

8.37%

23.43%

-15.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.44%

22.97%

-12.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.04%

22.58%

-8.54%

Dividends

FIE.TO vs. SAP.TO - Dividend Comparison

FIE.TO's dividend yield for the trailing twelve months is around 4.52%, more than SAP.TO's 1.84% yield.

PositionTTM20252024202320222021202020192018201720162015
FIE.TO
iShares Canadian Financial Monthly Income ETF		4.52%4.81%5.84%6.98%7.31%5.85%7.10%6.65%7.38%6.28%6.59%7.43%
SAP.TO
Saputo Inc.		1.84%1.89%3.00%2.72%2.15%2.49%1.94%1.67%1.66%1.37%1.20%1.60%

Frequently Asked Questions

FIE.TO and SAP.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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