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XCNS.TO vs. INDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCNS.TO vs. INDA

Last updated Jun 9, 2026

XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) and INDA (iShares MSCI India ETF) are both exchange-traded funds - XCNS.TO is a Diversified Portfolio fund actively managed by iShares, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. XCNS.TO is actively managed, while INDA is passively managed. Over the past 5 years, XCNS.TO returned 5.68%/yr vs 5.29%/yr for INDA. At a 0.35 correlation, their price movements are largely independent. XCNS.TO charges 0.20%/yr vs 0.69%/yr for INDA.

Performance

XCNS.TO vs. INDA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and iShares MSCI India ETF (INDA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XCNS.TO is traded in CAD, while INDA is traded in USD. To make them comparable, the INDA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCNS.TO achieves a 4.68% return, which is significantly higher than INDA's -11.06% return.

XCNS.TO

1D
-1.31%
1M
0.69%
YTD
4.68%
6M
5.13%
1Y
12.81%
3Y*
11.15%
5Y*
5.68%
10Y*
—

INDA

1D
0.00%
1M
-3.31%
YTD
-11.06%
6M
-10.35%
1Y
-12.28%
3Y*
5.63%
5Y*
5.29%
10Y*
7.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCNS.TO vs. INDA - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XCNS.TO
iShares Core Conservative Balanced ETF Portfolio		4.68%10.46%11.73%10.67%-11.25%5.93%10.28%3.19%
INDA
iShares MSCI India ETF		-11.06%-2.01%17.83%14.37%-3.17%21.30%12.10%9.08%

Correlation

The correlation between XCNS.TO and INDA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Aug 8, 2019

0.35

XCNS.TO vs. INDA - Sectors Allocation Comparison

Sectors
XCNS.TO
INDA

Technology

12.2%
8.3%

Financial Services

9.4%
28.4%

Industrials

3.6%
10.3%

Communication Services

3.1%
4.7%

Energy

3.1%
9.5%

Consumer Cyclical

3.1%
12.5%

Basic Materials

2.7%
8.0%

Healthcare

2.4%
6.2%

Consumer Defensive

1.7%
6.2%

Utilities

0.7%
4.6%

Real Estate

0.2%
1.4%

Technology

XCNS.TO
12.2%
INDA
8.3%

Financial Services

XCNS.TO
9.4%
INDA
28.4%

Industrials

XCNS.TO
3.6%
INDA
10.3%

Communication Services

XCNS.TO
3.1%
INDA
4.7%

Energy

XCNS.TO
3.1%
INDA
9.5%

Consumer Cyclical

XCNS.TO
3.1%
INDA
12.5%

Basic Materials

XCNS.TO
2.7%
INDA
8.0%

Healthcare

XCNS.TO
2.4%
INDA
6.2%

Consumer Defensive

XCNS.TO
1.7%
INDA
6.2%

Utilities

XCNS.TO
0.7%
INDA
4.6%

Real Estate

XCNS.TO
0.2%
INDA
1.4%

Compare stocks, funds, or ETFs

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iShares Core Conservative Balanced ETF Portfolio

iShares MSCI India ETF

Often compared with XCNS.TO:
XCNS.TO vs. XBAL.TOXCNS.TO vs. XINC.TOXCNS.TO vs. VCNS.TOXCNS.TO vs. XEQT.TOXCNS.TO vs. GCNS.TOXCNS.TO vs. XGRO.TOXCNS.TO vs. XTR.TO
Often compared with INDA:
INDA vs. FLININDA vs. INDYINDA vs. EPIINDA vs. SMININDA vs. VOOINDA vs. MCHIINDA vs. VNM

Return for Risk

XCNS.TO vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCNS.TO
XCNS.TO Risk / Return Rank: 6565
Overall Rank
XCNS.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
XCNS.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
XCNS.TO Omega Ratio Rank: 7070
Omega Ratio Rank
XCNS.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
XCNS.TO Martin Ratio Rank: 6464
Martin Ratio Rank
INDA
INDA Risk / Return Rank: 22
Overall Rank
INDA Sharpe Ratio Rank: 22
Sharpe Ratio Rank
INDA Sortino Ratio Rank: 22
Sortino Ratio Rank
INDA Omega Ratio Rank: 22
Omega Ratio Rank
INDA Calmar Ratio Rank: 33
Calmar Ratio Rank
INDA Martin Ratio Rank: 00
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.

XCNS.TO vs. INDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and iShares MSCI India ETF (INDA). 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.

XCNS.TOINDADifference
Sharpe ratioReturn per unit of total volatility
1.92
-0.80

+2.71

Sortino ratioReturn per unit of downside risk
2.73
-1.10

+3.83

Omega ratioGain probability vs. loss probability

1.37

0.88

+0.50

Calmar ratioReturn relative to maximum drawdown

2.65

-0.66

+3.31

Martin ratioReturn relative to average drawdown

10.64

-1.49

+12.14

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

XCNS.TO vs. INDA - Sharpe Ratio Comparison

The current XCNS.TO Sharpe Ratio is 1.92, which is higher than the INDA Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of XCNS.TO and INDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XCNS.TOINDADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

-0.80

+2.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.31

+0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.34

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.33

+0.50

Drawdowns

XCNS.TO vs. INDA - Drawdown Comparison

The maximum XCNS.TO drawdown since its inception was -17.46%, smaller than the maximum INDA drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and INDA.

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Drawdown Indicators

XCNS.TOINDADifference

Max Drawdown

Largest peak-to-trough decline

-17.46%

-39.13%

+21.67%

Max Drawdown (1Y)

Largest decline over 1 year

-4.86%

-18.56%

+13.70%

Max Drawdown (3Y)

Largest decline over 3 years

-6.40%

-20.76%

+14.36%

Max Drawdown (5Y)

Largest decline over 5 years

-16.09%

-20.76%

+4.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.13%

—

Current Drawdown

Current decline from peak

-1.61%

-17.37%

+15.76%

Average Drawdown

Average peak-to-trough decline

-3.50%

-7.41%

+3.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

8.23%

-7.02%

Volatility

XCNS.TO vs. INDA - Volatility Comparison

The current volatility for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) is 3.29%, while iShares MSCI India ETF (INDA) has a volatility of 5.37%. This indicates that XCNS.TO experiences smaller price fluctuations and is considered to be less risky than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCNS.TOINDADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.29%

5.37%

-2.08%

Volatility (6M)

Calculated over the trailing 6-month period

5.78%

13.33%

-7.55%

Volatility (1Y)

Calculated over the trailing 1-year period

6.73%

15.46%

-8.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.90%

16.97%

-10.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.78%

22.43%

-14.65%

XCNS.TO vs. INDA - Expense Ratio Comparison

XCNS.TO has a 0.20% expense ratio, which is lower than INDA's 0.69% expense ratio.

Dividends

XCNS.TO vs. INDA - Dividend Comparison

XCNS.TO's dividend yield for the trailing twelve months is around 2.51%, while INDA has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
INDA
iShares MSCI India ETF		0.00%0.00%0.76%0.16%0.00%6.44%0.27%0.99%0.94%1.09%0.90%1.19%
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

XCNS.TO and INDA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XCNS.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCNS.TO is cheaper with a 0.20% expense ratio, compared with 0.69% for INDA.

XCNS.TO is categorized as Diversified Portfolio, while INDA is Asia Pacific Equities. Their fees differ too: 0.20% for XCNS.TO and 0.69% for INDA.

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