FIE.TO vs. VOO
Compare and contrast key facts about iShares Canadian Financial Monthly Income ETF (FIE.TO) and Vanguard S&P 500 ETF (VOO).
FIE.TO and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Equity Tgt Alloc NR CAD. It was launched on Apr 16, 2010. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FIE.TO and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIE.TO or VOO.
Key characteristics
| FIE.TO | VOO | |
|---|---|---|
| YTD Return | 7.50% | 11.78% |
| 1Y Return | 16.66% | 28.27% |
| 3Y Return (Ann) | 3.55% | 10.42% |
| 5Y Return (Ann) | 7.54% | 15.03% |
| 10Y Return (Ann) | 6.97% | 13.05% |
| Sharpe Ratio | 1.81 | 2.56 |
| Daily Std Dev | 9.21% | 11.55% |
| Max Drawdown | -42.24% | -33.99% |
| Current Drawdown | -1.41% | -0.04% |
Correlation
The correlation between FIE.TO and VOO is 0.66, 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
FIE.TO vs. VOO - Performance Comparison
In the year-to-date period, FIE.TO achieves a 7.50% return, which is significantly lower than VOO's 11.78% return. Over the past 10 years, FIE.TO has underperformed VOO with an annualized return of 6.97%, while VOO has yielded a comparatively higher 13.05% 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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FIE.TO vs. VOO - Expense Ratio Comparison
FIE.TO has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FIE.TO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.TO) and Vanguard S&P 500 ETF (VOO). 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
FIE.TO vs. VOO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 6.64%, more than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 6.64% | 6.98% | 7.31% | 5.85% | 7.01% | 6.56% | 7.29% | 6.20% | 6.51% | 7.33% | 6.49% | 6.66% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FIE.TO vs. VOO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FIE.TO and VOO. For additional features, visit the drawdowns tool.
Volatility
FIE.TO vs. VOO - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.20%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.37%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.