FIE.TO vs. XSP.TO
FIE.TO (iShares Canadian Financial Monthly Income ETF) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - FIE.TO is a Canada Equities fund tracking the Morningstar Can Equity Tgt Alloc NR CAD, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FIE.TO returned 11.90%/yr vs 13.79%/yr for XSP.TO. A 0.62 correlation means they provide meaningful diversification when combined. FIE.TO charges 0.85%/yr vs 0.09%/yr for XSP.TO.
Performance
FIE.TO vs. XSP.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 XSP.TO's 9.64% return. Over the past 10 years, FIE.TO has underperformed XSP.TO with an annualized return of 11.90%, while XSP.TO has yielded a comparatively higher 13.79% 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%
XSP.TO
- 1D
- -0.73%
- 1M
- 4.98%
- YTD
- 9.64%
- 6M
- 9.50%
- 1Y
- 25.13%
- 3Y*
- 20.28%
- 5Y*
- 12.18%
- 10Y*
- 13.79%
FIE.TO vs. XSP.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% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 9.64% | 15.68% | 23.39% | 24.33% | -19.32% | 27.85% | 15.17% | 29.35% | -6.26% | 20.71% |
Correlation
The correlation between FIE.TO and XSP.TO is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2010 | 0.62 |
The correlation between FIE.TO and XSP.TO has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
FIE.TO vs. XSP.TO - Sectors Allocation Comparison
Sectors
FIE.TO
XSP.TO
Financial Services
Real Estate
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Healthcare
-
Industrials
-
Technology
-
Utilities
-
Financial Services
FIE.TO
XSP.TO
Real Estate
FIE.TO
XSP.TO
Basic Materials
FIE.TO
-
XSP.TO
Communication Services
FIE.TO
-
XSP.TO
Consumer Cyclical
FIE.TO
-
XSP.TO
Consumer Defensive
FIE.TO
-
XSP.TO
Energy
FIE.TO
-
XSP.TO
Healthcare
FIE.TO
-
XSP.TO
Industrials
FIE.TO
-
XSP.TO
Technology
FIE.TO
-
XSP.TO
Utilities
FIE.TO
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XSP.TO
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Return for Risk
FIE.TO vs. XSP.TO — Risk / Return Rank
FIE.TO
XSP.TO
FIE.TO vs. XSP.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 S&P 500 Index ETF (CAD-Hedged) (XSP.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 | XSP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.39 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 2.68 | +2.79 |
| Martin ratioReturn relative to average drawdown | 22.60 | 12.40 | +10.20 |
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 | XSP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | 2.15 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.73 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.76 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.37 | +0.39 |
Drawdowns
FIE.TO vs. XSP.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for FIE.TO and XSP.TO.
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Drawdown Indicators
| FIE.TO | XSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -57.82% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -9.41% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -18.77% | +8.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -25.44% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | -36.05% | -6.19% |
Current DrawdownCurrent decline from peak | -1.30% | -0.73% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -12.11% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.03% | -0.65% |
Volatility
FIE.TO vs. XSP.TO - Volatility Comparison
The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.87%, while iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) has a volatility of 3.25%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than XSP.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 | XSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.25% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 8.99% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 11.75% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 16.75% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 18.19% | -4.15% |
FIE.TO vs. XSP.TO - Expense Ratio Comparison
FIE.TO has a 0.85% expense ratio, which is higher than XSP.TO's 0.09% expense ratio.
Dividends
FIE.TO vs. XSP.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.52%, more than XSP.TO's 1.12% 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% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.12% | 1.23% | 1.09% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% |
Frequently Asked Questions
FIE.TO and XSP.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.85% for FIE.TO.
FIE.TO is categorized as Canada Equities, while XSP.TO is S&P 500. FIE.TO tracks Morningstar Can Equity Tgt Alloc NR CAD, while XSP.TO tracks S&P 500 Index. Their fees differ too: 0.85% for FIE.TO and 0.09% for XSP.TO.
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