FRU.TO vs. FIE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Freehold Royalties Ltd. (FRU.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO).

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.

Performance

FRU.TO vs. FIE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Freehold Royalties Ltd. (FRU.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRU.TO Freehold Royalties Ltd.	15.56%	28.81%	0.98%	-6.86%	45.15%	135.56%	-23.25%	-4.51%	-37.74%	3.37%
FIE.TO iShares Canadian Financial Monthly Income ETF	-1.91%	24.15%	27.37%	12.34%	-14.53%	27.00%	0.99%	18.62%	-9.38%	11.69%

Returns By Period

In the year-to-date period, FRU.TO achieves a 15.56% return, which is significantly higher than FIE.TO's -1.91% return. Over the past 10 years, FRU.TO has outperformed FIE.TO with an annualized return of 12.33%, while FIE.TO has yielded a comparatively lower 10.45% annualized return.

FRU.TO

• 1D: -0.23%
• 1M: -1.25%
• YTD: 15.56%
• 6M: 29.74%
• 1Y: 46.30%
• 3Y*: 14.44%
• 5Y*: 26.83%
• 10Y*: 12.33%

FIE.TO

• 1D: 1.79%
• 1M: -2.61%
• YTD: -1.91%
• 6M: 3.67%
• 1Y: 20.81%
• 3Y*: 19.00%
• 5Y*: 10.84%
• 10Y*: 10.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRU.TO

FRU.TO Risk / Return Rank: 88
FRU.TO Sharpe Ratio Rank: 90
FRU.TO Sortino Ratio Rank: 84
FRU.TO Omega Ratio Rank: 89
FRU.TO Calmar Ratio Rank: 86
FRU.TO Martin Ratio Rank: 91

FIE.TO

FIE.TO Risk / Return Rank: 88
FIE.TO Sharpe Ratio Rank: 91
FIE.TO Sortino Ratio Rank: 90
FIE.TO Omega Ratio Rank: 92
FIE.TO Calmar Ratio Rank: 87
FIE.TO Martin Ratio Rank: 80

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.

FRU.TO vs. FIE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freehold Royalties Ltd. (FRU.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.

	FRU.TO	FIE.TO	Difference
Sharpe ratio Return per unit of total volatility	1.91	1.97	-0.06
Sortino ratio Return per unit of downside risk	2.32	2.48	-0.16
Omega ratio Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio Return relative to maximum drawdown	2.90	2.59	+0.31
Martin ratio Return relative to average drawdown	11.65	8.37	+3.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FRU.TO Sharpe Ratio is 1.91, which is comparable to the FIE.TO Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FRU.TO and FIE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRU.TO	FIE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.97	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	1.05	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.75	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.68	-0.28

Correlation

The correlation between FRU.TO and FIE.TO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FRU.TO vs. FIE.TO - Dividend Comparison

FRU.TO's dividend yield for the trailing twelve months is around 5.70%, more than FIE.TO's 4.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRU.TO Freehold Royalties Ltd.	5.70%	7.11%	8.44%	7.89%	6.13%	4.21%	5.74%	8.72%	7.62%	4.13%	3.81%	9.21%
FIE.TO iShares Canadian Financial Monthly Income ETF	4.96%	4.81%	5.66%	6.77%	7.09%	5.68%	6.80%	6.36%	7.07%	6.02%	6.31%	7.11%

Drawdowns

FRU.TO vs. FIE.TO - Drawdown Comparison

The maximum FRU.TO drawdown since its inception was -86.93%, which is greater than FIE.TO's maximum drawdown of -42.25%. Use the drawdown chart below to compare losses from any high point for FRU.TO and FIE.TO.

Drawdown Indicators

	FRU.TO	FIE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-86.93%	-42.25%	-44.68%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-8.31%	-7.58%
Max Drawdown (5Y) Largest decline over 5 years	-28.41%	-23.03%	-5.38%
Max Drawdown (10Y) Largest decline over 10 years	-81.39%	-42.25%	-39.14%
Current Drawdown Current decline from peak	-3.34%	-5.15%	+1.81%
Average Drawdown Average peak-to-trough decline	-22.80%	-5.06%	-17.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	2.58%	+1.37%

Volatility

FRU.TO vs. FIE.TO - Volatility Comparison

Freehold Royalties Ltd. (FRU.TO) has a higher volatility of 6.68% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 4.18%. This indicates that FRU.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRU.TO	FIE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	4.18%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	7.32%	+6.84%
Volatility (1Y) Calculated over the trailing 1-year period	24.37%	10.64%	+13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.60%	10.44%	+19.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.64%	14.06%	+21.58%