VRIF.TO vs. XFR.TO
VRIF.TO (Vanguard Retirement Income ETF Portfolio) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - VRIF.TO is a Diversified Portfolio fund actively managed by Vanguard, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. VRIF.TO is actively managed, while XFR.TO is passively managed. Over the past 5 years, VRIF.TO returned 4.25%/yr vs 3.29%/yr for XFR.TO. At a 0.05 correlation, their price movements are largely independent. VRIF.TO charges 0.29%/yr vs 0.14%/yr for XFR.TO.
Performance
VRIF.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VRIF.TO achieves a 4.74% return, which is significantly higher than XFR.TO's 1.36% return.
VRIF.TO
- 1D
- 0.04%
- 1M
- -0.23%
- 6M
- 3.25%
- YTD
- 4.74%
- 1Y
- 10.68%
- 3Y*
- 9.31%
- 5Y*
- 4.25%
- 10Y*
- —
XFR.TO
- 1D
- 0.05%
- 1M
- 0.21%
- 6M
- 1.31%
- YTD
- 1.36%
- 1Y
- 2.87%
- 3Y*
- 3.91%
- 5Y*
- 3.29%
- 10Y*
- 2.27%
VRIF.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VRIF.TO Vanguard Retirement Income ETF Portfolio | 4.74% | 10.60% | 8.42% | 8.96% | -11.50% | 7.44% | 5.09% |
XFR.TO iShares Floating Rate Index ETF | 1.36% | 3.33% | 4.57% | 5.29% | 1.81% | 0.15% | 0.11% |
Correlation
The correlation between VRIF.TO and XFR.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.05 |
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Return for Risk
VRIF.TO vs. XFR.TO — Risk / Return Rank
VRIF.TO
XFR.TO
VRIF.TO vs. XFR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Retirement Income ETF Portfolio (VRIF.TO) and iShares Floating Rate Index ETF (XFR.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.
| VRIF.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.97 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 28.86 | -26.51 |
| Martin ratioReturn relative to average drawdown | 9.62 | 86.00 | -76.38 |
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Drawdowns
VRIF.TO vs. XFR.TO - Drawdown Comparison
The maximum VRIF.TO drawdown since its inception was -16.19%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for VRIF.TO and XFR.TO.
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Drawdown Indicators
| VRIF.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.19% | -4.12% | -12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -0.10% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -0.30% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -0.30% | -15.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.12% | — |
Current DrawdownCurrent decline from peak | -1.09% | 0.00% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -0.06% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.03% | +1.08% |
Volatility
VRIF.TO vs. XFR.TO - Volatility Comparison
Vanguard Retirement Income ETF Portfolio (VRIF.TO) has a higher volatility of 1.43% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.21%. This indicates that VRIF.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VRIF.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.21% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 0.44% | +4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 0.71% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 0.84% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 1.86% | +4.39% |
VRIF.TO vs. XFR.TO - Expense Ratio Comparison
VRIF.TO has a 0.29% expense ratio, which is higher than XFR.TO's 0.14% expense ratio.
Dividends
VRIF.TO vs. XFR.TO - Dividend Comparison
VRIF.TO's dividend yield for the trailing twelve months is around 3.76%, more than XFR.TO's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.76% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFR.TO iShares Floating Rate Index ETF | 2.73% | 3.23% | 4.93% | 4.91% | 1.84% | 0.30% | 1.07% | 1.99% | 1.64% | 0.92% | 0.65% | 0.95% |
Frequently Asked Questions
VRIF.TO and XFR.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.29% for VRIF.TO.
VRIF.TO is categorized as Diversified Portfolio, while XFR.TO is Canadian Government Bonds. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VRIF.TO and 0.14% for XFR.TO.
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