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FTWO vs. XAW.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FTWO vs. XAW.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Strive Natural Resources and Security ETF (FTWO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).

FTWO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTWO is a passively managed fund by Strive that tracks the performance of the Bloomberg Natural Resources and Security Total Return Index. It was launched on Aug 30, 2023. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015. Both FTWO and XAW.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTWO vs. XAW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO). The values are adjusted to include any dividend payments, if applicable.

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FTWO vs. XAW.TO - Yearly Performance Comparison

2026 (YTD)202520242023
FTWO
Strive Natural Resources and Security ETF		13.73%43.06%14.97%1.46%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		-0.84%21.42%16.33%6.06%
Different Trading Currencies

FTWO is traded in USD, while XAW.TO is traded in CAD. To make them comparable, the XAW.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTWO achieves a 13.73% return, which is significantly higher than XAW.TO's -0.84% return.

FTWO

1D
1.55%
1M
-6.87%
YTD
13.73%
6M
17.33%
1Y
50.93%
3Y*
—
5Y*
—
10Y*
—

XAW.TO

1D
1.00%
1M
-4.70%
YTD
-0.84%
6M
1.70%
1Y
21.36%
3Y*
16.60%
5Y*
9.22%
10Y*
11.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Strive Natural Resources and Security ETF

iShares Core MSCI All Country World ex Canada Index ETF

Often compared with FTWO:
FTWO vs. TINYFTWO vs. QTUMFTWO vs. HAPFTWO vs. FDGFXFTWO vs. NLRFTWO vs. BUXXFTWO vs. PPA
Often compared with XAW.TO:
XAW.TO vs. XEQT.TOXAW.TO vs. VXC.TOXAW.TO vs. VEQT.TOXAW.TO vs. XUU.TOXAW.TO vs. XIC.TOXAW.TO vs. XGRO.TOXAW.TO vs. VT

FTWO vs. XAW.TO - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is higher than XAW.TO's 0.22% expense ratio.

FTWO
Strive Natural Resources and Security ETF
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF

Return for Risk

FTWO vs. XAW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTWO
FTWO Risk / Return Rank: 9393
Overall Rank
FTWO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FTWO Sortino Ratio Rank: 9393
Sortino Ratio Rank
FTWO Omega Ratio Rank: 9393
Omega Ratio Rank
FTWO Calmar Ratio Rank: 9393
Calmar Ratio Rank
FTWO Martin Ratio Rank: 9494
Martin Ratio Rank
XAW.TO
XAW.TO Risk / Return Rank: 5757
Overall Rank
XAW.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
XAW.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
XAW.TO Omega Ratio Rank: 6262
Omega Ratio Rank
XAW.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
XAW.TO Martin Ratio Rank: 5959
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.

FTWO vs. XAW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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.

FTWOXAW.TODifference

Sharpe ratio

Return per unit of total volatility

2.27

1.21

+1.06

Sortino ratio

Return per unit of downside risk

2.89

1.79

+1.10

Omega ratio

Gain probability vs. loss probability

1.43

1.27

+0.16

Calmar ratio

Return relative to maximum drawdown

3.82

1.79

+2.03

Martin ratio

Return relative to average drawdown

16.05

8.25

+7.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTWO vs. XAW.TO - Sharpe Ratio Comparison

The current FTWO Sharpe Ratio is 2.27, which is higher than the XAW.TO Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of FTWO and XAW.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.

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Sharpe Ratios by Period

FTWOXAW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.27

1.21

+1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.58

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.47

0.55

+0.92

Correlation

The correlation between FTWO and XAW.TO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FTWO vs. XAW.TO - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 0.99%, less than XAW.TO's 1.32% yield.

TTM20252024202320222021202020192018201720162015
FTWO
Strive Natural Resources and Security ETF		0.99%1.02%1.23%0.59%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		1.32%1.33%1.61%1.71%1.79%1.77%1.49%2.02%2.29%1.92%1.80%1.83%

Drawdowns

FTWO vs. XAW.TO - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, smaller than the maximum XAW.TO drawdown of -33.88%. Use the drawdown chart below to compare losses from any high point for FTWO and XAW.TO.

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Drawdown Indicators

FTWOXAW.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.17%

-27.32%

+9.15%

Max Drawdown (1Y)

Largest decline over 1 year

-13.63%

-12.29%

-1.34%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.02%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.32%

—

Current Drawdown

Current decline from peak

-6.87%

-4.66%

-2.21%

Average Drawdown

Average peak-to-trough decline

-3.14%

-3.96%

+0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.24%

2.93%

+0.31%

Volatility

FTWO vs. XAW.TO - Volatility Comparison

Strive Natural Resources and Security ETF (FTWO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) have volatilities of 6.31% and 6.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTWOXAW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.31%

6.24%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

14.86%

10.06%

+4.80%

Volatility (1Y)

Calculated over the trailing 1-year period

22.58%

17.74%

+4.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.26%

15.94%

+3.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.26%

17.32%

+1.94%