VFV.TO vs. XCNS.TO
VFV.TO (Vanguard S&P 500 Index ETF) and XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while XCNS.TO is a Diversified Portfolio fund actively managed by iShares. VFV.TO is passively managed, while XCNS.TO is actively managed. Over the past 5 years, VFV.TO returned 16.42%/yr vs 5.68%/yr for XCNS.TO. A 0.64 correlation means they provide meaningful diversification when combined. VFV.TO charges 0.09%/yr vs 0.20%/yr for XCNS.TO.
Performance
VFV.TO vs. XCNS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VFV.TO achieves a 10.42% return, which is significantly higher than XCNS.TO's 4.68% return.
VFV.TO
- 1D
- 0.33%
- 1M
- 2.27%
- YTD
- 10.42%
- 6M
- 9.43%
- 1Y
- 26.89%
- 3Y*
- 22.95%
- 5Y*
- 16.42%
- 10Y*
- 16.02%
XCNS.TO
- 1D
- -1.31%
- 1M
- 0.69%
- YTD
- 4.68%
- 6M
- 5.13%
- 1Y
- 12.81%
- 3Y*
- 11.15%
- 5Y*
- 5.68%
- 10Y*
- —
VFV.TO vs. XCNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 10.42% | 12.18% | 35.23% | 23.23% | -12.58% | 27.51% | 15.61% | 9.97% |
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 VFV.TO and XCNS.TO is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2019 | 0.64 |
The correlation between VFV.TO and XCNS.TO shifts across timeframes, from 0.64 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
VFV.TO vs. XCNS.TO - Sectors Allocation Comparison
Sectors
VFV.TO
XCNS.TO
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
VFV.TO
XCNS.TO
Financial Services
VFV.TO
XCNS.TO
Communication Services
VFV.TO
XCNS.TO
Consumer Cyclical
VFV.TO
XCNS.TO
Healthcare
VFV.TO
XCNS.TO
Industrials
VFV.TO
XCNS.TO
Consumer Defensive
VFV.TO
XCNS.TO
Energy
VFV.TO
XCNS.TO
Utilities
VFV.TO
XCNS.TO
Real Estate
VFV.TO
XCNS.TO
Basic Materials
VFV.TO
XCNS.TO
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Return for Risk
VFV.TO vs. XCNS.TO — Risk / Return Rank
VFV.TO
XCNS.TO
VFV.TO vs. XCNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.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.
| VFV.TO | XCNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.65 | +0.49 |
| Martin ratioReturn relative to average drawdown | 11.91 | 10.64 | +1.26 |
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
| VFV.TO | XCNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.92 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.83 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.83 | +0.30 |
Drawdowns
VFV.TO vs. XCNS.TO - Drawdown Comparison
The maximum VFV.TO drawdown since its inception was -27.43%, 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 VFV.TO and XCNS.TO.
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Drawdown Indicators
| VFV.TO | XCNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.43% | -17.46% | -9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -4.86% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -6.40% | -12.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -16.09% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -27.43% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -1.61% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -3.50% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.21% | +1.05% |
Volatility
VFV.TO vs. XCNS.TO - Volatility Comparison
Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 3.79% compared to iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) at 3.29%. This indicates that VFV.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.
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Volatility by Period
| VFV.TO | XCNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.29% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 5.78% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 6.73% | +4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 6.90% | +8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 7.78% | +8.81% |
VFV.TO vs. XCNS.TO - Expense Ratio Comparison
VFV.TO has a 0.09% expense ratio, which is lower than XCNS.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VFV.TO vs. XCNS.TO - Dividend Comparison
VFV.TO's dividend yield for the trailing twelve months is around 0.85%, less than XCNS.TO's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 0.85% | 0.92% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.69% | 1.51% | 1.65% | 1.63% |
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 2.51% | 2.54% | 2.58% | 2.49% | 2.26% | 1.81% | 2.15% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFV.TO and XCNS.TO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.20% for XCNS.TO.
VFV.TO is categorized as S&P 500, while XCNS.TO is Diversified Portfolio. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VFV.TO and 0.20% for XCNS.TO.
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