PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XCH.TO vs. XAW.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XCH.TO vs. XAW.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares China Index ETF (XCH.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).

XCH.TO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar China GR CAD. It was launched on Jan 21, 2010. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015. Both XCH.TO and XAW.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XCH.TO vs. XAW.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares China Index ETF (XCH.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

XCH.TO vs. XAW.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCH.TO
iShares China Index ETF		-5.09%22.48%39.50%-14.76%-15.40%-20.56%7.17%8.11%-6.28%27.28%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		-0.55%15.87%26.31%18.45%-11.84%18.38%12.37%19.82%-2.28%16.10%

Returns By Period

In the year-to-date period, XCH.TO achieves a -5.09% return, which is significantly lower than XAW.TO's -0.55% return. Over the past 10 years, XCH.TO has underperformed XAW.TO with an annualized return of 3.42%, while XAW.TO has yielded a comparatively higher 11.87% annualized return.

XCH.TO

1D
2.33%
1M
-1.91%
YTD
-5.09%
6M
-12.07%
1Y
-1.31%
3Y*
9.85%
5Y*
-1.61%
10Y*
3.42%

XAW.TO

1D
2.89%
1M
-4.43%
YTD
-0.55%
6M
1.14%
1Y
16.64%
3Y*
17.31%
5Y*
11.27%
10Y*
11.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares China Index ETF

iShares Core MSCI All Country World ex Canada Index ETF

Often compared with XCH.TO:
XCH.TO vs. VEE.TOXCH.TO vs. XEC.TOXCH.TO vs. XIC.TOXCH.TO vs. VFV.TOXCH.TO vs. FBRTXCH.TO vs. 3993.HKXCH.TO vs. ZCH.TO
Often compared with XAW.TO:
XAW.TO vs. XEQT.TOXAW.TO vs. VXC.TOXAW.TO vs. VEQT.TOXAW.TO vs. XUU.TOXAW.TO vs. XIC.TOXAW.TO vs. XGRO.TOXAW.TO vs. VT

XCH.TO vs. XAW.TO - Expense Ratio Comparison

XCH.TO has a 0.87% expense ratio, which is higher than XAW.TO's 0.22% expense ratio.

XCH.TO
iShares China Index ETF
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF

Return for Risk

XCH.TO vs. XAW.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCH.TO
XCH.TO Risk / Return Rank: 1111
Overall Rank
XCH.TO Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
XCH.TO Sortino Ratio Rank: 1111
Sortino Ratio Rank
XCH.TO Omega Ratio Rank: 1111
Omega Ratio Rank
XCH.TO Calmar Ratio Rank: 1111
Calmar Ratio Rank
XCH.TO Martin Ratio Rank: 1212
Martin Ratio Rank
XAW.TO
XAW.TO Risk / Return Rank: 6161
Overall Rank
XAW.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
XAW.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
XAW.TO Omega Ratio Rank: 6363
Omega Ratio Rank
XAW.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
XAW.TO Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCH.TO vs. XAW.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Index ETF (XCH.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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.

XCH.TOXAW.TODifference

Sharpe ratio

Return per unit of total volatility

-0.06

0.97

-1.03

Sortino ratio

Return per unit of downside risk

0.09

1.41

-1.33

Omega ratio

Gain probability vs. loss probability

1.01

1.22

-0.21

Calmar ratio

Return relative to maximum drawdown

-0.04

1.40

-1.44

Martin ratio

Return relative to average drawdown

-0.10

5.92

-6.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCH.TO vs. XAW.TO - Sharpe Ratio Comparison

The current XCH.TO Sharpe Ratio is -0.06, which is lower than the XAW.TO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of XCH.TO and XAW.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

XCH.TOXAW.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.06

0.97

-1.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

0.84

-0.90

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.13

0.79

-0.66

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.71

-0.57

Correlation

The correlation between XCH.TO and XAW.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XCH.TO vs. XAW.TO - Dividend Comparison

XCH.TO's dividend yield for the trailing twelve months is around 2.23%, more than XAW.TO's 1.34% yield.

TTM20252024202320222021202020192018201720162015
XCH.TO
iShares China Index ETF		2.23%2.11%1.54%2.86%2.35%1.50%2.17%2.50%2.45%2.41%2.21%2.58%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		1.34%1.33%1.61%1.71%1.79%1.77%1.49%2.02%2.29%1.92%1.80%1.83%

Drawdowns

XCH.TO vs. XAW.TO - Drawdown Comparison

The maximum XCH.TO drawdown since its inception was -58.02%, which is greater than XAW.TO's maximum drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for XCH.TO and XAW.TO.

Loading graphics...

Drawdown Indicators

XCH.TOXAW.TODifference

Max Drawdown

Largest peak-to-trough decline

-58.02%

-27.32%

-30.70%

Max Drawdown (1Y)

Largest decline over 1 year

-17.71%

-12.29%

-5.42%

Max Drawdown (5Y)

Largest decline over 5 years

-51.64%

-21.02%

-30.62%

Max Drawdown (10Y)

Largest decline over 10 years

-58.02%

-27.32%

-30.70%

Current Drawdown

Current decline from peak

-20.76%

-5.50%

-15.26%

Average Drawdown

Average peak-to-trough decline

-20.40%

-3.96%

-16.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.94%

2.91%

+4.03%

Volatility

XCH.TO vs. XAW.TO - Volatility Comparison

iShares China Index ETF (XCH.TO) has a higher volatility of 6.81% compared to iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) at 6.20%. This indicates that XCH.TO's price experiences larger fluctuations and is considered to be riskier than XAW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

XCH.TOXAW.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.81%

6.20%

+0.61%

Volatility (6M)

Calculated over the trailing 6-month period

14.10%

9.73%

+4.37%

Volatility (1Y)

Calculated over the trailing 1-year period

23.55%

17.20%

+6.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.80%

13.46%

+16.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.75%

15.08%

+10.67%