MNT.TO vs. XCNS.TO

Last updated Jun 9, 2026

MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) are both exchange-traded funds - MNT.TO is a fund fund, while XCNS.TO is a Diversified Portfolio fund actively managed by iShares. Over the past 5 years, MNT.TO returned 20.66%/yr vs 5.68%/yr for XCNS.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

MNT.TO vs. XCNS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Core Conservative Balanced ETF Portfolio (XCNS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MNT.TO achieves a -4.27% return, which is significantly lower than XCNS.TO's 4.68% return.

MNT.TO

• 1D: -1.02%
• 1M: -9.25%
• YTD: -4.27%
• 6M: -3.50%
• 1Y: 25.55%
• 3Y*: 31.93%
• 5Y*: 20.66%
• 10Y*: 13.28%

XCNS.TO

• 1D: -1.31%
• 1M: 0.69%
• YTD: 4.68%
• 6M: 5.13%
• 1Y: 12.81%
• 3Y*: 11.15%
• 5Y*: 5.68%
• 10Y*: —

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

MNT.TO vs. XCNS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	-4.27%	61.23%	44.81%	3.61%	10.52%	-10.51%	26.14%	-1.97%
XCNS.TO iShares Core Conservative Balanced ETF Portfolio	4.68%	10.46%	11.73%	10.67%	-11.25%	5.93%	10.28%	3.19%

Correlation

The correlation between MNT.TO and XCNS.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Aug 8, 2019	0.06

The correlation between MNT.TO and XCNS.TO shifts across timeframes, from 0.06 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MNT.TO vs. XCNS.TO — Risk / Return Rank

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

MNT.TO

MNT.TO Risk / Return Rank: 25
MNT.TO Sharpe Ratio Rank: 26
MNT.TO Sortino Ratio Rank: 25
MNT.TO Omega Ratio Rank: 29
MNT.TO Calmar Ratio Rank: 24
MNT.TO Martin Ratio Rank: 22

XCNS.TO

XCNS.TO Risk / Return Rank: 65
XCNS.TO Sharpe Ratio Rank: 64
XCNS.TO Sortino Ratio Rank: 66
XCNS.TO Omega Ratio Rank: 70
XCNS.TO Calmar Ratio Rank: 59
XCNS.TO Martin Ratio Rank: 64

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.

MNT.TO vs. XCNS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Core Conservative Balanced ETF Portfolio (XCNS.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.

	MNT.TO	XCNS.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.92	-1.07
Sortino ratio: Return per unit of downside risk	1.29	2.73	-1.44
Omega ratio: Gain probability vs. loss probability	1.18	1.37	-0.19
Calmar ratio: Return relative to maximum drawdown	1.03	2.65	-1.62
Martin ratio: Return relative to average drawdown	2.62	10.64	-8.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MNT.TO vs. XCNS.TO - Sharpe Ratio Comparison

The current MNT.TO Sharpe Ratio is 0.85, which is lower than the XCNS.TO Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MNT.TO and XCNS.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

	MNT.TO	XCNS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.92	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.83	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.83	-0.40

Drawdowns

MNT.TO vs. XCNS.TO - Drawdown Comparison

The maximum MNT.TO drawdown since its inception was -34.79%, which is greater than XCNS.TO's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for MNT.TO and XCNS.TO.

Drawdown Indicators

	MNT.TO	XCNS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.79%	-17.46%	-17.33%
Max Drawdown (1Y) Largest decline over 1 year	-25.01%	-4.86%	-20.15%
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	-6.40%	-18.61%
Max Drawdown (5Y) Largest decline over 5 years	-25.01%	-16.09%	-8.92%
Max Drawdown (10Y) Largest decline over 10 years	-33.58%	—	—
Current Drawdown Current decline from peak	-23.70%	-1.61%	-22.09%
Average Drawdown Average peak-to-trough decline	-15.84%	-3.50%	-12.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.78%	1.21%	+8.57%

Volatility

MNT.TO vs. XCNS.TO - Volatility Comparison

Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a higher volatility of 4.65% compared to iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) at 3.29%. This indicates that MNT.TO's price experiences larger fluctuations and is considered to be riskier than XCNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MNT.TO	XCNS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	3.29%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	25.18%	5.78%	+19.40%
Volatility (1Y) Calculated over the trailing 1-year period	30.27%	6.73%	+23.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.32%	6.90%	+13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	7.78%	+11.80%

Dividends

MNT.TO vs. XCNS.TO - Dividend Comparison

MNT.TO has not paid dividends to shareholders, while XCNS.TO's dividend yield for the trailing twelve months is around 2.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XCNS.TO iShares Core Conservative Balanced ETF Portfolio	2.51%	2.54%	2.58%	2.49%	2.26%	1.81%	2.15%	0.92%

Frequently Asked Questions

Can I hold both MNT.TO and XCNS.TO in my portfolio?

MNT.TO and XCNS.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.