MFI.TO vs. XBAL.TO

Last updated Jun 4, 2026

MFI.TO (Maple Leaf Foods Inc.) is a stock, while XBAL.TO (iShares Core Balanced ETF Portfolio) is Diversified Portfolio fund actively managed by iShares. Over the past 10 years, MFI.TO returned 4.83%/yr vs 7.68%/yr for XBAL.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

MFI.TO vs. XBAL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Maple Leaf Foods Inc. (MFI.TO) and iShares Core Balanced ETF Portfolio (XBAL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFI.TO achieves a 22.27% return, which is significantly higher than XBAL.TO's 8.30% return. Over the past 10 years, MFI.TO has underperformed XBAL.TO with an annualized return of 4.83%, while XBAL.TO has yielded a comparatively higher 7.68% annualized return.

MFI.TO

• 1D: 1.75%
• 1M: 8.26%
• YTD: 22.27%
• 6M: 25.37%
• 1Y: 35.92%
• 3Y*: 15.85%
• 5Y*: 10.03%
• 10Y*: 4.83%

XBAL.TO

• 1D: 0.45%
• 1M: 4.08%
• YTD: 8.30%
• 6M: 6.25%
• 1Y: 17.97%
• 3Y*: 14.47%
• 5Y*: 8.24%
• 10Y*: 7.68%

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

MFI.TO vs. XBAL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFI.TO Maple Leaf Foods Inc.	22.27%	53.23%	-16.23%	6.67%	-13.76%	6.50%	11.82%	-3.31%	-22.39%	29.05%
XBAL.TO iShares Core Balanced ETF Portfolio	8.30%	11.87%	15.76%	13.01%	-11.19%	10.11%	10.67%	15.28%	-2.80%	5.48%

Correlation

The correlation between MFI.TO and XBAL.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	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007	0.22

The correlation between MFI.TO and XBAL.TO shifts across timeframes, from 0.08 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MFI.TO vs. XBAL.TO — Risk / Return Rank

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

MFI.TO

MFI.TO Risk / Return Rank: 73
MFI.TO Sharpe Ratio Rank: 78
MFI.TO Sortino Ratio Rank: 74
MFI.TO Omega Ratio Rank: 75
MFI.TO Calmar Ratio Rank: 69
MFI.TO Martin Ratio Rank: 68

XBAL.TO

XBAL.TO Risk / Return Rank: 65
XBAL.TO Sharpe Ratio Rank: 65
XBAL.TO Sortino Ratio Rank: 65
XBAL.TO Omega Ratio Rank: 67
XBAL.TO Calmar Ratio Rank: 61
XBAL.TO Martin Ratio Rank: 69

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.

MFI.TO vs. XBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maple Leaf Foods Inc. (MFI.TO) and iShares Core Balanced ETF Portfolio (XBAL.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.

	MFI.TO	XBAL.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.12	-0.82
Sortino ratio: Return per unit of downside risk	1.98	2.94	-0.96
Omega ratio: Gain probability vs. loss probability	1.26	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	1.51	2.98	-1.47
Martin ratio: Return relative to average drawdown	3.47	12.49	-9.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFI.TO vs. XBAL.TO - Sharpe Ratio Comparison

The current MFI.TO Sharpe Ratio is 1.30, which is lower than the XBAL.TO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of MFI.TO and XBAL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MFI.TO	XBAL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.12	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.94	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.82	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.68	-0.48

Drawdowns

MFI.TO vs. XBAL.TO - Drawdown Comparison

The maximum MFI.TO drawdown since its inception was -66.94%, which is greater than XBAL.TO's maximum drawdown of -28.83%. Use the drawdown chart below to compare losses from any high point for MFI.TO and XBAL.TO.

Drawdown Indicators

	MFI.TO	XBAL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-66.94%	-28.83%	-38.11%
Max Drawdown (1Y) Largest decline over 1 year	-23.98%	-6.06%	-17.92%
Max Drawdown (3Y) Largest decline over 3 years	-33.37%	-9.35%	-24.02%
Max Drawdown (5Y) Largest decline over 5 years	-38.13%	-17.12%	-21.01%
Max Drawdown (10Y) Largest decline over 10 years	-42.19%	-20.93%	-21.26%
Current Drawdown Current decline from peak	-2.95%	0.00%	-2.95%
Average Drawdown Average peak-to-trough decline	-26.51%	-3.39%	-23.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	1.44%	+8.94%

Volatility

MFI.TO vs. XBAL.TO - Volatility Comparison

Maple Leaf Foods Inc. (MFI.TO) has a higher volatility of 12.42% compared to iShares Core Balanced ETF Portfolio (XBAL.TO) at 3.14%. This indicates that MFI.TO's price experiences larger fluctuations and is considered to be riskier than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFI.TO	XBAL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.42%	3.14%	+9.28%
Volatility (6M) Calculated over the trailing 6-month period	20.58%	7.22%	+13.36%
Volatility (1Y) Calculated over the trailing 1-year period	27.86%	8.52%	+19.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.14%	8.79%	+21.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.04%	9.37%	+18.67%

Dividends

MFI.TO vs. XBAL.TO - Dividend Comparison

MFI.TO's dividend yield for the trailing twelve months is around 10.24%, more than XBAL.TO's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFI.TO Maple Leaf Foods Inc.	10.24%	12.44%	4.33%	3.33%	3.27%	2.46%	2.27%	2.24%	1.90%	1.23%	1.28%	1.35%
XBAL.TO iShares Core Balanced ETF Portfolio	2.09%	2.24%	2.68%	2.40%	2.09%	1.74%	1.99%	2.26%	3.39%	2.93%	3.64%	3.29%

Frequently Asked Questions

Can I hold both MFI.TO and XBAL.TO in my portfolio?

MFI.TO and XBAL.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.