XBAL.TO vs. XIU.TO
XBAL.TO (iShares Core Balanced ETF Portfolio) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XBAL.TO is a Diversified Portfolio fund actively managed by iShares, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. XBAL.TO is actively managed, while XIU.TO is passively managed. Over the past 10 years, XBAL.TO returned 7.69%/yr vs 12.62%/yr for XIU.TO. A 0.59 correlation means they provide meaningful diversification when combined. XBAL.TO charges 0.20%/yr vs 0.18%/yr for XIU.TO.
Performance
XBAL.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBAL.TO achieves a 7.81% return, which is significantly lower than XIU.TO's 10.14% return. Over the past 10 years, XBAL.TO has underperformed XIU.TO with an annualized return of 7.69%, while XIU.TO has yielded a comparatively higher 12.62% annualized return.
XBAL.TO
- 1D
- -0.36%
- 1M
- 4.13%
- YTD
- 7.81%
- 6M
- 6.00%
- 1Y
- 17.48%
- 3Y*
- 14.21%
- 5Y*
- 8.15%
- 10Y*
- 7.69%
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XBAL.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 7.81% | 11.87% | 15.76% | 13.01% | -11.19% | 10.11% | 10.67% | 15.28% | -2.80% | 5.48% |
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XBAL.TO and XIU.TO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007 | 0.59 |
The correlation between XBAL.TO and XIU.TO shifts across timeframes, from 0.59 (all time) to 0.78 (3 years), reflecting how their relationship changes across market environments.
XBAL.TO vs. XIU.TO - Sectors Allocation Comparison
Sectors
XBAL.TO
XIU.TO
Technology
Financial Services
Industrials
Consumer Cyclical
Energy
Basic Materials
Healthcare
-
Communication Services
Consumer Defensive
Utilities
Real Estate
Technology
XBAL.TO
XIU.TO
Financial Services
XBAL.TO
XIU.TO
Industrials
XBAL.TO
XIU.TO
Consumer Cyclical
XBAL.TO
XIU.TO
Energy
XBAL.TO
XIU.TO
Basic Materials
XBAL.TO
XIU.TO
Healthcare
XBAL.TO
XIU.TO
-
Communication Services
XBAL.TO
XIU.TO
Consumer Defensive
XBAL.TO
XIU.TO
Utilities
XBAL.TO
XIU.TO
Real Estate
XBAL.TO
XIU.TO
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Return for Risk
XBAL.TO vs. XIU.TO — Risk / Return Rank
XBAL.TO
XIU.TO
XBAL.TO vs. XIU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and iShares S&P/TSX 60 Index ETF (XIU.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.
| XBAL.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.49 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.16 | -1.26 |
| Martin ratioReturn relative to average drawdown | 12.15 | 19.30 | -7.15 |
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
| XBAL.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.71 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.13 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.85 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.51 | +0.17 |
Drawdowns
XBAL.TO vs. XIU.TO - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.83%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and XIU.TO.
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Drawdown Indicators
| XBAL.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.83% | -52.31% | +23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -7.65% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -9.35% | -12.36% | +3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -16.36% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | -35.46% | +14.53% |
Current DrawdownCurrent decline from peak | -0.36% | -0.87% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -11.63% | +8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.64% | -0.20% |
Volatility
XBAL.TO vs. XIU.TO - Volatility Comparison
iShares Core Balanced ETF Portfolio (XBAL.TO) and iShares S&P/TSX 60 Index ETF (XIU.TO) have volatilities of 3.14% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAL.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.28% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 9.32% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 11.73% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 12.78% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 15.01% | -5.64% |
XBAL.TO vs. XIU.TO - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is higher than XIU.TO's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XBAL.TO vs. XIU.TO - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, less than XIU.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 2.10% | 2.24% | 2.68% | 2.40% | 2.09% | 1.74% | 1.99% | 2.26% | 3.39% | 2.93% | 3.64% | 3.29% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
XBAL.TO and XIU.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.20% for XBAL.TO.
XBAL.TO is categorized as Diversified Portfolio, while XIU.TO is Canada Equities. Their fees differ too: 0.20% for XBAL.TO and 0.18% for XIU.TO.
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