FIE.TO vs. XTR.TO
FIE.TO (iShares Canadian Financial Monthly Income ETF) and XTR.TO (iShares Diversified Monthly Income ETF) are both exchange-traded funds - FIE.TO is a Canada Equities fund tracking the Morningstar Can Equity Tgt Alloc NR CAD, while XTR.TO is a Diversified Portfolio fund tracking the Morningstar Can Neut Tgt Alloc NR CAD. Both are passively managed. Over the past 10 years, FIE.TO returned 11.90%/yr vs 5.99%/yr for XTR.TO. A 0.64 correlation means they provide meaningful diversification when combined. FIE.TO charges 0.85%/yr vs 0.61%/yr for XTR.TO.
Performance
FIE.TO vs. XTR.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 higher than XTR.TO's 6.55% return. Over the past 10 years, FIE.TO has outperformed XTR.TO with an annualized return of 11.90%, while XTR.TO has yielded a comparatively lower 5.99% 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%
XTR.TO
- 1D
- 0.16%
- 1M
- 2.50%
- YTD
- 6.55%
- 6M
- 6.45%
- 1Y
- 13.02%
- 3Y*
- 10.98%
- 5Y*
- 6.00%
- 10Y*
- 5.99%
FIE.TO vs. XTR.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% |
XTR.TO iShares Diversified Monthly Income ETF | 6.55% | 8.54% | 12.80% | 4.95% | -4.48% | 10.17% | 2.45% | 12.86% | -3.72% | 6.61% |
Correlation
The correlation between FIE.TO and XTR.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2010 | 0.64 |
The correlation between FIE.TO and XTR.TO has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
FIE.TO vs. XTR.TO - Sectors Allocation Comparison
Sectors
FIE.TO
XTR.TO
Financial Services
Real Estate
Basic Materials
-
Communication Services
-
Consumer Cyclical
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Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Technology
-
Utilities
-
Financial Services
FIE.TO
XTR.TO
Real Estate
FIE.TO
XTR.TO
Basic Materials
FIE.TO
-
XTR.TO
Communication Services
FIE.TO
-
XTR.TO
Consumer Cyclical
FIE.TO
-
XTR.TO
Consumer Defensive
FIE.TO
-
XTR.TO
Energy
FIE.TO
-
XTR.TO
Healthcare
FIE.TO
-
XTR.TO
Industrials
FIE.TO
-
XTR.TO
Technology
FIE.TO
-
XTR.TO
Utilities
FIE.TO
-
XTR.TO
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Return for Risk
FIE.TO vs. XTR.TO — Risk / Return Rank
FIE.TO
XTR.TO
FIE.TO vs. XTR.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 Diversified Monthly Income ETF (XTR.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 | XTR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.58 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 3.97 | +1.51 |
| Martin ratioReturn relative to average drawdown | 22.60 | 17.48 | +5.11 |
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 | XTR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | 2.85 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.96 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.72 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.40 | +0.35 |
Drawdowns
FIE.TO vs. XTR.TO - Drawdown Comparison
The maximum FIE.TO drawdown since its inception was -42.24%, smaller than the maximum XTR.TO drawdown of -51.42%. Use the drawdown chart below to compare losses from any high point for FIE.TO and XTR.TO.
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Drawdown Indicators
| FIE.TO | XTR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.24% | -51.42% | +9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -3.29% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -6.06% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -9.74% | -13.19% |
Max Drawdown (10Y)Largest decline over 10 years | -42.24% | -25.92% | -16.32% |
Current DrawdownCurrent decline from peak | -1.30% | -0.16% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -4.96% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.75% | +0.63% |
Volatility
FIE.TO vs. XTR.TO - Volatility Comparison
iShares Canadian Financial Monthly Income ETF (FIE.TO) has a higher volatility of 2.87% compared to iShares Diversified Monthly Income ETF (XTR.TO) at 1.60%. This indicates that FIE.TO's price experiences larger fluctuations and is considered to be riskier than XTR.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 | XTR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 1.60% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 3.75% | +3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 4.59% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.44% | 6.27% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 8.33% | +5.71% |
FIE.TO vs. XTR.TO - Expense Ratio Comparison
FIE.TO has a 0.85% expense ratio, which is higher than XTR.TO's 0.61% expense ratio.
Dividends
FIE.TO vs. XTR.TO - Dividend Comparison
FIE.TO's dividend yield for the trailing twelve months is around 4.52%, more than XTR.TO's 3.92% 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% |
XTR.TO iShares Diversified Monthly Income ETF | 3.92% | 4.10% | 4.27% | 4.61% | 4.62% | 4.21% | 5.56% | 5.38% | 5.75% | 5.24% | 5.30% | 6.81% |
Frequently Asked Questions
FIE.TO and XTR.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTR.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTR.TO is cheaper with a 0.61% expense ratio, compared with 0.85% for FIE.TO.
FIE.TO is categorized as Canada Equities, while XTR.TO is Diversified Portfolio. FIE.TO tracks Morningstar Can Equity Tgt Alloc NR CAD, while XTR.TO tracks Morningstar Can Neut Tgt Alloc NR CAD. Their fees differ too: 0.85% for FIE.TO and 0.61% for XTR.TO.
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