FIE.TO vs. XEG.TO
FIE.TO (iShares Canadian Financial Monthly Income ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - FIE.TO is a Financials Equities fund actively managed by iShares, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. FIE.TO is actively managed, while XEG.TO is passively managed. Over the past 10 years, FIE.TO returned 12.30%/yr vs 10.58%/yr for XEG.TO. At a 0.44 correlation, their price movements are largely independent. FIE.TO charges 0.74%/yr vs 0.60%/yr for XEG.TO.
Performance
FIE.TO vs. XEG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FIE.TO achieves a 14.46% return, which is significantly lower than XEG.TO's 26.17% return. Over the past 10 years, FIE.TO has outperformed XEG.TO with an annualized return of 12.30%, while XEG.TO has yielded a comparatively lower 10.58% annualized return.
FIE.TO
- 1D
- -0.09%
- 1M
- 4.09%
- YTD
- 14.46%
- 6M
- 11.02%
- 1Y
- 31.72%
- 3Y*
- 26.41%
- 5Y*
- 12.93%
- 10Y*
- 12.30%
XEG.TO
- 1D
- -3.29%
- 1M
- -11.04%
- YTD
- 26.17%
- 6M
- 28.83%
- 1Y
- 44.15%
- 3Y*
- 24.36%
- 5Y*
- 25.47%
- 10Y*
- 10.58%
FIE.TO vs. XEG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 14.46% | 24.36% | 27.62% | 12.58% | -14.35% | 27.34% | 1.33% | 18.97% | -9.12% | 12.01% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 26.17% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
Correlation
The correlation between FIE.TO and XEG.TO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2010 | 0.44 |
The correlation between FIE.TO and XEG.TO shifts across timeframes, from -0.19 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIE.TO vs. XEG.TO — Risk / Return Rank
FIE.TO
XEG.TO
FIE.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIE.TO | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.31 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 2.76 | +1.67 |
| Martin ratioReturn relative to average drawdown | 14.40 | 10.50 | +3.90 |
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Drawdowns
FIE.TO vs. XEG.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for FIE.TO and XEG.TO.
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Drawdown Indicators
| FIE.TO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -87.51% | +45.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -16.09% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -25.67% | +14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -28.42% | +5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | -79.66% | +37.42% |
Current DrawdownCurrent decline from peak | -0.09% | -16.09% | +16.00% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -34.56% | +29.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 4.22% | -2.01% |
Volatility
FIE.TO vs. XEG.TO - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.46%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.92%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than XEG.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.TO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 8.92% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 19.91% | -12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 23.42% | -14.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.55% | 28.69% | -18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 33.41% | -19.35% |
FIE.TO vs. XEG.TO - Expense Ratio Comparison
FIE.TO has a 0.74% expense ratio, which is higher than XEG.TO's 0.60% expense ratio.
Dividends
FIE.TO vs. XEG.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.35%, more than XEG.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.35% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 3.03% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
FIE.TO and XEG.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.
On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.60% expense ratio, compared with 0.74% for FIE.TO.
FIE.TO is categorized as Financials Equities, while XEG.TO is Energy Equities. Their fees differ too: 0.74% for FIE.TO and 0.60% for XEG.TO.
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