RBNK.TO vs. XFN.TO
RBNK.TO (RBC Canadian Bank Yield Index ETF) and XFN.TO (iShares S&P/TSX Capped Financials Index ETF) are both Financials Equities funds - RBNK.TO tracks the Solactive Canada Bank Yield Index while XFN.TO tracks the Morningstar Gbl Fin Svc GR CAD. Both are passively managed. Over the past 5 years, RBNK.TO returned 17.57%/yr vs 16.93%/yr for XFN.TO. Their correlation of 0.90 suggests significant overlap in exposure. RBNK.TO charges 0.32%/yr vs 0.61%/yr for XFN.TO.
Performance
RBNK.TO vs. XFN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RBNK.TO achieves a 19.94% return, which is significantly higher than XFN.TO's 12.51% return.
RBNK.TO
- 1D
- -0.56%
- 1M
- 6.40%
- YTD
- 19.94%
- 6M
- 24.92%
- 1Y
- 60.94%
- 3Y*
- 32.53%
- 5Y*
- 17.57%
- 10Y*
- —
XFN.TO
- 1D
- -0.55%
- 1M
- 5.10%
- YTD
- 12.51%
- 6M
- 17.66%
- 1Y
- 41.54%
- 3Y*
- 29.67%
- 5Y*
- 16.93%
- 10Y*
- 14.38%
RBNK.TO vs. XFN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBNK.TO RBC Canadian Bank Yield Index ETF | 19.94% | 44.94% | 22.08% | 11.01% | -13.14% | 40.30% | 3.34% | 16.82% | -9.14% | 3.71% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 12.51% | 34.40% | 29.32% | 13.09% | -9.92% | 35.57% | 0.99% | 20.66% | -9.76% | 2.23% |
Correlation
The correlation between RBNK.TO and XFN.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.90 |
The correlation between RBNK.TO and XFN.TO has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
RBNK.TO vs. XFN.TO - Sectors Allocation Comparison
Sectors
RBNK.TO
XFN.TO
Financial Services
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Healthcare
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Industrials
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Real Estate
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Technology
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Utilities
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Financial Services
RBNK.TO
XFN.TO
Basic Materials
RBNK.TO
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XFN.TO
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Communication Services
RBNK.TO
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XFN.TO
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Consumer Cyclical
RBNK.TO
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XFN.TO
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Consumer Defensive
RBNK.TO
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XFN.TO
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Energy
RBNK.TO
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XFN.TO
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Healthcare
RBNK.TO
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XFN.TO
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Industrials
RBNK.TO
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XFN.TO
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Real Estate
RBNK.TO
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XFN.TO
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Technology
RBNK.TO
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XFN.TO
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Utilities
RBNK.TO
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XFN.TO
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Return for Risk
RBNK.TO vs. XFN.TO — Risk / Return Rank
RBNK.TO
XFN.TO
RBNK.TO vs. XFN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Bank Yield Index ETF (RBNK.TO) and iShares S&P/TSX Capped Financials Index ETF (XFN.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.
| RBNK.TO | XFN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.61 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 5.35 | +1.39 |
| Martin ratioReturn relative to average drawdown | 29.06 | 21.60 | +7.46 |
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
| RBNK.TO | XFN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.59 | 3.46 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 1.26 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.64 | +0.17 |
Drawdowns
RBNK.TO vs. XFN.TO - Drawdown Comparison
The maximum RBNK.TO drawdown since its inception was -39.08%, smaller than the maximum XFN.TO drawdown of -56.55%. Use the drawdown chart below to compare losses from any high point for RBNK.TO and XFN.TO.
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Drawdown Indicators
| RBNK.TO | XFN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.08% | -56.55% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -7.80% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.87% | -12.37% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -21.90% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.93% | — |
Current DrawdownCurrent decline from peak | -1.37% | -1.39% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -6.60% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.93% | +0.17% |
Volatility
RBNK.TO vs. XFN.TO - Volatility Comparison
RBC Canadian Bank Yield Index ETF (RBNK.TO) has a higher volatility of 5.06% compared to iShares S&P/TSX Capped Financials Index ETF (XFN.TO) at 4.19%. This indicates that RBNK.TO's price experiences larger fluctuations and is considered to be riskier than XFN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBNK.TO | XFN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 4.19% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 10.10% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 12.07% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 13.47% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 16.53% | +1.68% |
RBNK.TO vs. XFN.TO - Expense Ratio Comparison
RBNK.TO has a 0.32% expense ratio, which is lower than XFN.TO's 0.61% expense ratio.
Dividends
RBNK.TO vs. XFN.TO - Dividend Comparison
RBNK.TO's dividend yield for the trailing twelve months is around 2.97%, more than XFN.TO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBNK.TO RBC Canadian Bank Yield Index ETF | 2.97% | 3.39% | 4.50% | 4.77% | 4.49% | 3.07% | 4.18% | 3.86% | 4.06% | 0.56% | 0.00% | 0.00% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 2.17% | 2.39% | 3.16% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% |
Frequently Asked Questions
RBNK.TO and XFN.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RBNK.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RBNK.TO is cheaper with a 0.32% expense ratio, compared with 0.61% for XFN.TO.
RBNK.TO tracks Solactive Canada Bank Yield Index, while XFN.TO tracks Morningstar Gbl Fin Svc GR CAD. They also come from different issuers: RBC and iShares. Their fees differ too: 0.32% for RBNK.TO and 0.61% for XFN.TO.
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