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FIE.TO vs. XUSF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIE.TO vs. XUSF.TO

Last updated Jun 24, 2026

FIE.TO (iShares Canadian Financial Monthly Income ETF) and XUSF.TO (iShares S&P U.S. Financials Index ETF) are both Financials Equities funds from iShares. FIE.TO is actively managed, while XUSF.TO is passively managed. Over the past year, FIE.TO returned 32.60% vs 10.58% for XUSF.TO. At a 0.47 correlation, their price movements are largely independent. FIE.TO charges 0.74%/yr vs 0.25%/yr for XUSF.TO.

Performance

FIE.TO vs. XUSF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Financial Monthly Income ETF (FIE.TO) and iShares S&P U.S. Financials Index ETF (XUSF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FIE.TO achieves a 14.56% return, which is significantly higher than XUSF.TO's 1.46% return.

FIE.TO

1D
0.09%
1M
4.86%
YTD
14.56%
6M
11.23%
1Y
32.60%
3Y*
26.44%
5Y*
13.03%
10Y*
12.31%

XUSF.TO

1D
0.23%
1M
6.62%
YTD
1.46%
6M
0.98%
1Y
10.58%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIE.TO vs. XUSF.TO - Yearly Performance Comparison

2026 (YTD)202520242023
FIE.TO
iShares Canadian Financial Monthly Income ETF		14.56%24.36%27.62%8.18%
XUSF.TO
iShares S&P U.S. Financials Index ETF		1.46%9.67%39.77%8.23%

Correlation

The correlation between FIE.TO and XUSF.TO is 0.56, 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

0.56

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2023

0.47

The correlation between FIE.TO and XUSF.TO has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Financial Monthly Income ETF

iShares S&P U.S. Financials Index ETF

Often compared with FIE.TO:
FIE.TO vs. XEI.TOFIE.TO vs. XEQT.TOFIE.TO vs. XDIV.TOFIE.TO vs. XFN.TOFIE.TO vs. HMAX.TOFIE.TO vs. VDY.TOFIE.TO vs. FTN.TO
Often compared with XUSF.TO:
XUSF.TO vs. HBA.TOXUSF.TO vs. FMAX.TOXUSF.TO vs. XCG.TOXUSF.TO vs. RBNK.TOXUSF.TO vs. XCS.TOXUSF.TO vs. ZEB.TOXUSF.TO vs. XEQT.TO

Return for Risk

FIE.TO vs. XUSF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIE.TO
FIE.TO Risk / Return Rank: 9090
Overall Rank
FIE.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FIE.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
FIE.TO Omega Ratio Rank: 9595
Omega Ratio Rank
FIE.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
FIE.TO Martin Ratio Rank: 7979
Martin Ratio Rank
XUSF.TO
XUSF.TO Risk / Return Rank: 2020
Overall Rank
XUSF.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
XUSF.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
XUSF.TO Omega Ratio Rank: 2323
Omega Ratio Rank
XUSF.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
XUSF.TO Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIE.TO vs. XUSF.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 U.S. Financials Index ETF (XUSF.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.TOXUSF.TODifference
Sharpe ratioReturn per unit of total volatility
3.64
0.71

+2.93

Sortino ratioReturn per unit of downside risk
4.90
1.06

+3.84

Omega ratioGain probability vs. loss probability

1.71

1.15

+0.56

Calmar ratioReturn relative to maximum drawdown

4.55

0.73

+3.83

Martin ratioReturn relative to average drawdown

14.80

1.73

+13.08

FIE.TO vs. XUSF.TO - Sharpe Ratio Comparison

The current FIE.TO Sharpe Ratio is 3.64, which is higher than the XUSF.TO Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FIE.TO and XUSF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FIE.TO vs. XUSF.TO - Drawdown Comparison

The maximum FIE.TO drawdown since its inception was -42.24%, which is greater than XUSF.TO's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for FIE.TO and XUSF.TO.

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Drawdown Indicators

FIE.TOXUSF.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.24%

-16.88%

-25.36%

Max Drawdown (1Y)

Largest decline over 1 year

-7.19%

-14.66%

+7.47%

Max Drawdown (3Y)

Largest decline over 3 years

-10.70%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.93%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.24%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.62%

+1.62%

Average Drawdown

Average peak-to-trough decline

-4.88%

-3.50%

-1.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.21%

6.15%

-3.94%

Volatility

FIE.TO vs. XUSF.TO - Volatility Comparison

The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.54%, while iShares S&P U.S. Financials Index ETF (XUSF.TO) has a volatility of 3.87%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than XUSF.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.TOXUSF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.54%

3.87%

-1.33%

Volatility (6M)

Calculated over the trailing 6-month period

7.83%

11.64%

-3.81%

Volatility (1Y)

Calculated over the trailing 1-year period

9.02%

15.19%

-6.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.55%

17.83%

-7.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.06%

17.83%

-3.77%

FIE.TO vs. XUSF.TO - Expense Ratio Comparison

FIE.TO has a 0.74% expense ratio, which is higher than XUSF.TO's 0.25% expense ratio.

Dividends

FIE.TO vs. XUSF.TO - Dividend Comparison

FIE.TO's dividend yield for the trailing twelve months is around 4.34%, more than XUSF.TO's 0.84% yield.

PositionTTM20252024202320222021202020192018201720162015
FIE.TO
iShares Canadian Financial Monthly Income ETF		4.34%4.94%5.83%6.98%7.31%5.92%7.10%6.65%7.38%6.28%6.59%7.43%
XUSF.TO
iShares S&P U.S. Financials Index ETF		0.84%0.75%0.81%0.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FIE.TO and XUSF.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUSF.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUSF.TO is cheaper with a 0.25% expense ratio, compared with 0.74% for FIE.TO.

Their fees differ too: 0.74% for FIE.TO and 0.25% for XUSF.TO.

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