L.TO vs. XEC.TO
L.TO (Loblaw Companies Limited) is a stock, while XEC.TO (iShares Core MSCI Emerging Markets IMI Index ETF) is Emerging Markets Equities fund tracking the Morningstar EM GR CAD. Over the past 10 years, L.TO returned 18.49%/yr vs 10.60%/yr for XEC.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
L.TO vs. XEC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, L.TO achieves a 2.15% return, which is significantly lower than XEC.TO's 26.75% return. Over the past 10 years, L.TO has outperformed XEC.TO with an annualized return of 18.49%, while XEC.TO has yielded a comparatively lower 10.60% annualized return.
L.TO
- 1D
- 0.70%
- 1M
- 0.13%
- YTD
- 2.15%
- 6M
- 2.19%
- 1Y
- 13.39%
- 3Y*
- 31.22%
- 5Y*
- 29.84%
- 10Y*
- 18.49%
XEC.TO
- 1D
- -0.91%
- 1M
- 6.37%
- YTD
- 26.75%
- 6M
- 27.24%
- 1Y
- 52.23%
- 3Y*
- 24.26%
- 5Y*
- 10.01%
- 10Y*
- 10.60%
L.TO vs. XEC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L.TO Loblaw Companies Limited | 2.15% | 32.54% | 50.14% | 9.65% | 18.16% | 70.07% | -3.01% | 13.23% | 14.59% | -2.20% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 26.75% | 25.78% | 16.14% | 7.92% | -14.68% | -1.74% | 15.08% | 11.53% | -8.26% | 27.93% |
Correlation
The correlation between L.TO and XEC.TO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2013 | 0.14 |
The correlation between L.TO and XEC.TO shifts across timeframes, from -0.08 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
L.TO vs. XEC.TO — Risk / Return Rank
L.TO
XEC.TO
L.TO vs. XEC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loblaw Companies Limited (L.TO) and iShares Core MSCI Emerging Markets IMI Index ETF (XEC.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.
| L.TO | XEC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.54 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 4.66 | -3.74 |
| Martin ratioReturn relative to average drawdown | 2.20 | 16.30 | -14.10 |
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
| L.TO | XEC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.88 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.60 | 0.63 | +0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.61 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.51 | +0.17 |
Drawdowns
L.TO vs. XEC.TO - Drawdown Comparison
The maximum L.TO drawdown since its inception was -63.24%, which is greater than XEC.TO's maximum drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for L.TO and XEC.TO.
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Drawdown Indicators
| L.TO | XEC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.24% | -32.54% | -30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -11.25% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.53% | -15.07% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -29.14% | +14.61% |
Max Drawdown (10Y)Largest decline over 10 years | -20.23% | -32.54% | +12.31% |
Current DrawdownCurrent decline from peak | -8.48% | -1.79% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -14.85% | -9.56% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 3.21% | +2.89% |
Volatility
L.TO vs. XEC.TO - Volatility Comparison
Loblaw Companies Limited (L.TO) and iShares Core MSCI Emerging Markets IMI Index ETF (XEC.TO) have volatilities of 7.94% and 7.58%, 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
| L.TO | XEC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 7.58% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 15.88% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 18.23% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 15.91% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.74% | 17.60% | +1.14% |
Dividends
L.TO vs. XEC.TO - Dividend Comparison
L.TO's dividend yield for the trailing twelve months is around 0.89%, less than XEC.TO's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
L.TO Loblaw Companies Limited | 0.89% | 0.89% | 1.58% | 2.14% | 2.16% | 2.32% | 3.63% | 3.34% | 2.51% | 1.57% | 1.46% | 1.52% |
XEC.TO iShares Core MSCI Emerging Markets IMI Index ETF | 1.52% | 1.92% | 2.03% | 2.16% | 2.28% | 2.78% | 1.64% | 2.87% | 2.66% | 2.13% | 1.80% | 2.19% |
Frequently Asked Questions
L.TO and XEC.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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