RIRA.TO vs. CIF.TO
RIRA.TO (Russell Investments Real Assets) and CIF.TO (iShares Global Infrastructure Index ETF) are both Infrastructure Equities funds. RIRA.TO is actively managed, while CIF.TO is passively managed. Over the past 5 years, RIRA.TO returned 7.83%/yr vs 18.74%/yr for CIF.TO. At a 0.32 correlation, their price movements are largely independent. RIRA.TO charges 1.31%/yr vs 0.72%/yr for CIF.TO.
Performance
RIRA.TO vs. CIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RIRA.TO achieves a 18.72% return, which is significantly lower than CIF.TO's 27.99% return.
RIRA.TO
- 1D
- 0.46%
- 1M
- 2.78%
- 6M
- 13.99%
- YTD
- 18.72%
- 1Y
- 26.17%
- 3Y*
- 11.94%
- 5Y*
- 7.83%
- 10Y*
- —
- ALL TIME*
- 6.36%
CIF.TO
- 1D
- -0.80%
- 1M
- -0.22%
- 6M
- 20.01%
- YTD
- 27.99%
- 1Y
- 32.27%
- 3Y*
- 24.86%
- 5Y*
- 18.74%
- 10Y*
- 12.88%
- ALL TIME*
- 9.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.78M | CA$2.07M | CA$2.56M | |
| CA$30.02K | CA$31.90K | CA$47.40K |
RIRA.TO vs. CIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RIRA.TO Russell Investments Real Assets | 18.72% | 10.46% | 8.03% | 4.50% | -8.47% | 17.83% | -6.50% |
CIF.TO iShares Global Infrastructure Index ETF | 27.99% | 14.57% | 25.83% | 14.99% | 6.22% | 18.14% | -4.10% |
Correlation
The correlation between RIRA.TO and CIF.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.32 |
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Return for Risk
RIRA.TO vs. CIF.TO — Risk / Return Rank
RIRA.TO
CIF.TO
RIRA.TO vs. CIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments Real Assets (RIRA.TO) and iShares Global Infrastructure Index ETF (CIF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RIRA.TO | CIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.38 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.98 | 3.42 | +2.56 |
| Martin ratioReturn relative to average drawdown | 21.53 | 12.08 | +9.45 |
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Drawdowns
RIRA.TO vs. CIF.TO - Drawdown Comparison
The maximum RIRA.TO drawdown since its inception was -25.82%, smaller than the maximum CIF.TO drawdown of -45.41%. Use the drawdown chart below to compare losses from any high point for RIRA.TO and CIF.TO.
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Drawdown Indicators
| RIRA.TO | CIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.82% | -45.41% | +19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.40% | -9.49% | +5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.05% | -20.33% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -20.33% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.41% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.88% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -9.69% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.68% | -1.46% |
Volatility
RIRA.TO vs. CIF.TO - Volatility Comparison
The current volatility for Russell Investments Real Assets (RIRA.TO) is 2.03%, while iShares Global Infrastructure Index ETF (CIF.TO) has a volatility of 2.93%. This indicates that RIRA.TO experiences smaller price fluctuations and is considered to be less risky than CIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIRA.TO | CIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 2.93% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 11.70% | -5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.12% | 15.62% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 15.16% | -2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 25.96% | -12.13% |
RIRA.TO vs. CIF.TO - Expense Ratio Comparison
RIRA.TO has a 1.31% expense ratio, which is higher than CIF.TO's 0.72% expense ratio.
Dividends
RIRA.TO vs. CIF.TO - Dividend Comparison
RIRA.TO's dividend yield for the trailing twelve months is around 3.78%, more than CIF.TO's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 1.54% | 2.14% | 3.13% | 2.63% | 2.83% | 2.55% | 2.37% | 2.11% | 2.82% | 2.64% | 2.09% | 2.81% |
RIRA.TO Russell Investments Real Assets | 3.78% | 4.27% | 4.31% | 6.16% | 6.34% | 3.95% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIRA.TO and CIF.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIF.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIF.TO is cheaper with a 0.72% expense ratio, compared with 1.31% for RIRA.TO.
They also come from different issuers: Russell Investments Canada Limited and iShares. Their fees differ too: 1.31% for RIRA.TO and 0.72% for CIF.TO.
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