KOIN vs. XEI.TO
Compare and contrast key facts about Capital Link NextGen Protocol ETF (KOIN) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
KOIN and XEI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KOIN is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ATFI Global Fintech Leaders Index. It was launched on Jan 30, 2018. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011. Both KOIN and XEI.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KOIN or XEI.TO.
Key characteristics
| KOIN | XEI.TO | |
|---|---|---|
| YTD Return | 2.83% | 2.46% |
| 1Y Return | 14.53% | 2.47% |
| 3Y Return (Ann) | -1.18% | 8.46% |
| 5Y Return (Ann) | 8.88% | 8.15% |
| Sharpe Ratio | 1.19 | 0.28 |
| Daily Std Dev | 13.88% | 11.86% |
| Max Drawdown | -35.38% | -45.51% |
| Current Drawdown | -12.12% | -4.00% |
Correlation
The correlation between KOIN and XEI.TO is 0.62, 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.
Performance
KOIN vs. XEI.TO - Performance Comparison
In the year-to-date period, KOIN achieves a 2.83% return, which is significantly higher than XEI.TO's 2.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KOIN vs. XEI.TO - Expense Ratio Comparison
KOIN has a 0.95% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Risk-Adjusted Performance
KOIN vs. XEI.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Link NextGen Protocol ETF (KOIN) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.
Dividends
KOIN vs. XEI.TO - Dividend Comparison
KOIN's dividend yield for the trailing twelve months is around 2.22%, less than XEI.TO's 5.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KOIN Capital Link NextGen Protocol ETF | 2.22% | 2.28% | 21.13% | 2.14% | 0.41% | 1.64% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.34% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% | 4.43% |
Drawdowns
KOIN vs. XEI.TO - Drawdown Comparison
The maximum KOIN drawdown since its inception was -35.38%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for KOIN and XEI.TO. For additional features, visit the drawdowns tool.
Volatility
KOIN vs. XEI.TO - Volatility Comparison
Capital Link NextGen Protocol ETF (KOIN) has a higher volatility of 4.13% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 3.60%. This indicates that KOIN's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.