FIE.TO vs. XGRO.TO
FIE.TO (iShares Canadian Financial Monthly Income ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - FIE.TO is a Canada Equities fund tracking the Morningstar Can Equity Tgt Alloc NR CAD, while XGRO.TO is a Diversified Portfolio fund actively managed by iShares. FIE.TO is passively managed, while XGRO.TO is actively managed. Over the past 10 years, FIE.TO returned 11.90%/yr vs 10.20%/yr for XGRO.TO. A 0.59 correlation means they provide meaningful diversification when combined. FIE.TO charges 0.85%/yr vs 0.20%/yr for XGRO.TO.
Performance
FIE.TO vs. XGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FIE.TO achieves a 8.54% return, which is significantly lower than XGRO.TO's 10.38% return. Over the past 10 years, FIE.TO has outperformed XGRO.TO with an annualized return of 11.90%, while XGRO.TO has yielded a comparatively lower 10.20% 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%
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
FIE.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 17.97% | -6.73% | 11.61% |
Correlation
The correlation between FIE.TO and XGRO.TO is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2010 | 0.59 |
The correlation between FIE.TO and XGRO.TO shifts across timeframes, from 0.59 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
FIE.TO vs. XGRO.TO - Sectors Allocation Comparison
Sectors
FIE.TO
XGRO.TO
Financial Services
Real Estate
Basic Materials
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Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Technology
-
Utilities
-
Financial Services
FIE.TO
XGRO.TO
Real Estate
FIE.TO
XGRO.TO
Basic Materials
FIE.TO
-
XGRO.TO
Communication Services
FIE.TO
-
XGRO.TO
Consumer Cyclical
FIE.TO
-
XGRO.TO
Consumer Defensive
FIE.TO
-
XGRO.TO
Energy
FIE.TO
-
XGRO.TO
Healthcare
FIE.TO
-
XGRO.TO
Industrials
FIE.TO
-
XGRO.TO
Technology
FIE.TO
-
XGRO.TO
Utilities
FIE.TO
-
XGRO.TO
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Return for Risk
FIE.TO vs. XGRO.TO — Risk / Return Rank
FIE.TO
XGRO.TO
FIE.TO vs. XGRO.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 Core Growth ETF Portfolio (XGRO.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.TO | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.41 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 3.30 | +2.17 |
| Martin ratioReturn relative to average drawdown | 22.60 | 14.67 | +7.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIE.TO | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | 2.18 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.99 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.84 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.35 | +0.40 |
Drawdowns
FIE.TO vs. XGRO.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for FIE.TO and XGRO.TO.
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Drawdown Indicators
| FIE.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -47.97% | +5.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -7.12% | +1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -12.47% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -18.40% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | -25.85% | -16.39% |
Current DrawdownCurrent decline from peak | -1.30% | -0.18% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -8.49% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.60% | -0.22% |
Volatility
FIE.TO vs. XGRO.TO - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.87%, while iShares Core Growth ETF Portfolio (XGRO.TO) has a volatility of 3.43%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.43% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 9.19% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 10.78% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 11.05% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 12.26% | +1.78% |
FIE.TO vs. XGRO.TO - Expense Ratio Comparison
FIE.TO has a 0.85% expense ratio, which is higher than XGRO.TO's 0.20% expense ratio.
Dividends
FIE.TO vs. XGRO.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.52%, more than XGRO.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
FIE.TO and XGRO.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.85% for FIE.TO.
FIE.TO is categorized as Canada Equities, while XGRO.TO is Diversified Portfolio. Their fees differ too: 0.85% for FIE.TO and 0.20% for XGRO.TO.
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