MC vs. XIT.TO
Compare and contrast key facts about Moelis & Company (MC) and iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO).
XIT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Mar 19, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MC or XIT.TO.
Key characteristics
| MC | XIT.TO | |
|---|---|---|
| YTD Return | 23.89% | 7.28% |
| 1Y Return | 46.96% | 18.52% |
| 3Y Return (Ann) | 9.51% | -3.53% |
| 5Y Return (Ann) | 23.14% | 12.81% |
| 10Y Return (Ann) | 15.57% | 17.14% |
| Sharpe Ratio | 1.54 | 0.92 |
| Daily Std Dev | 32.72% | 21.92% |
| Max Drawdown | -58.26% | -81.18% |
| Current Drawdown | -1.63% | -12.11% |
Correlation
The correlation between MC and XIT.TO is 0.37, 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.
Performance
MC vs. XIT.TO - Performance Comparison
In the year-to-date period, MC achieves a 23.89% return, which is significantly higher than XIT.TO's 7.28% return. Over the past 10 years, MC has underperformed XIT.TO with an annualized return of 15.57%, while XIT.TO has yielded a comparatively higher 17.14% annualized 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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Risk-Adjusted Performance
MC vs. XIT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Moelis & Company (MC) and iShares S&P/TSX Capped Information Technology Index ETF (XIT.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
MC vs. XIT.TO - Dividend Comparison
MC's dividend yield for the trailing twelve months is around 3.56%, while XIT.TO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MC Moelis & Company | 3.56% | 4.28% | 6.25% | 10.88% | 8.88% | 10.18% | 14.19% | 5.11% | 9.71% | 3.43% | 4.01% | 0.00% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.30% | 0.00% | 0.13% | 0.15% | 0.08% | 0.20% | 0.55% |
Drawdowns
MC vs. XIT.TO - Drawdown Comparison
The maximum MC drawdown since its inception was -58.26%, smaller than the maximum XIT.TO drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for MC and XIT.TO. For additional features, visit the drawdowns tool.
Volatility
MC vs. XIT.TO - Volatility Comparison
Moelis & Company (MC) has a higher volatility of 9.69% compared to iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) at 6.62%. This indicates that MC's price experiences larger fluctuations and is considered to be riskier than XIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.