FIE.TO vs. XEI.TO
Compare and contrast key facts about iShares Canadian Financial Monthly Income ETF (FIE.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
FIE.TO and XEI.TO 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. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011. Both FIE.TO and XEI.TO 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 XEI.TO.
Key characteristics
| FIE.TO | XEI.TO | |
|---|---|---|
| YTD Return | 7.50% | 6.74% |
| 1Y Return | 16.66% | 9.27% |
| 3Y Return (Ann) | 3.55% | 8.44% |
| 5Y Return (Ann) | 7.54% | 9.17% |
| 10Y Return (Ann) | 6.97% | 6.67% |
| Sharpe Ratio | 1.81 | 0.79 |
| Daily Std Dev | 9.21% | 11.60% |
| Max Drawdown | -42.24% | -45.51% |
| Current Drawdown | -1.41% | 0.00% |
Correlation
The correlation between FIE.TO and XEI.TO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIE.TO vs. XEI.TO - Performance Comparison
In the year-to-date period, FIE.TO achieves a 7.50% return, which is significantly higher than XEI.TO's 6.74% return. Both investments have delivered pretty close results over the past 10 years, with FIE.TO having a 6.97% annualized return and XEI.TO not far behind at 6.67%. 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. XEI.TO - Expense Ratio Comparison
FIE.TO has a 0.85% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Risk-Adjusted Performance
FIE.TO vs. XEI.TO - Risk-Adjusted Performance 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 Composite High Dividend Index ETF (XEI.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.
Dividends
FIE.TO vs. XEI.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 6.64%, more than XEI.TO's 5.13% 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% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.13% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% | 4.43% |
Drawdowns
FIE.TO vs. XEI.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for FIE.TO and XEI.TO. For additional features, visit the drawdowns tool.
Volatility
FIE.TO vs. XEI.TO - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.20%, while iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a volatility of 2.77%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.