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

XCNS.TO vs. JEPI

Last updated Jun 9, 2026

XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - XCNS.TO is a Diversified Portfolio fund actively managed by iShares, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, XCNS.TO returned 5.68%/yr vs 10.34%/yr for JEPI. At a 0.44 correlation, their price movements are largely independent. XCNS.TO charges 0.20%/yr vs 0.35%/yr for JEPI.

Performance

XCNS.TO vs. JEPI - 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 JPMorgan Equity Premium Income ETF (JEPI). 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 JEPI is traded in USD. To make them comparable, the JEPI 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 JEPI's 1.83% 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*
—

JEPI

1D
-0.07%
1M
1.63%
YTD
1.83%
6M
1.67%
1Y
9.16%
3Y*
10.34%
5Y*
10.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCNS.TO vs. JEPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XCNS.TO
iShares Core Conservative Balanced ETF Portfolio		4.68%10.46%11.73%10.67%-11.25%5.93%9.64%
JEPI
JPMorgan Equity Premium Income ETF		1.87%3.16%22.10%7.21%2.63%21.46%8.77%

Correlation

The correlation between XCNS.TO and JEPI is 0.53, 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

0.53

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

0.47

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

0.43

Correlation (All Time)
Calculated using the full available price history since May 22, 2020

0.44

The correlation between XCNS.TO and JEPI shifts across timeframes, from 0.42 (5 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.

XCNS.TO vs. JEPI - Sectors Allocation Comparison

Sectors
XCNS.TO
JEPI

Technology

12.2%
19.1%

Financial Services

9.4%
9.8%

Industrials

3.6%
13.8%

Communication Services

3.1%
6.9%

Energy

3.1%
3.5%

Consumer Cyclical

3.1%
11.7%

Basic Materials

2.7%
1.9%

Healthcare

2.4%
14.1%

Consumer Defensive

1.7%
9.6%

Utilities

0.7%
6.2%

Real Estate

0.2%
3.5%

Technology

XCNS.TO
12.2%
JEPI
19.1%

Financial Services

XCNS.TO
9.4%
JEPI
9.8%

Industrials

XCNS.TO
3.6%
JEPI
13.8%

Communication Services

XCNS.TO
3.1%
JEPI
6.9%

Energy

XCNS.TO
3.1%
JEPI
3.5%

Consumer Cyclical

XCNS.TO
3.1%
JEPI
11.7%

Basic Materials

XCNS.TO
2.7%
JEPI
1.9%

Healthcare

XCNS.TO
2.4%
JEPI
14.1%

Consumer Defensive

XCNS.TO
1.7%
JEPI
9.6%

Utilities

XCNS.TO
0.7%
JEPI
6.2%

Real Estate

XCNS.TO
0.2%
JEPI
3.5%

Compare stocks, funds, or ETFs

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iShares Core Conservative Balanced ETF Portfolio

JPMorgan Equity Premium Income 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 JEPI:
JEPI vs. JEPQJEPI vs. SCHDJEPI vs. SPYJEPI vs. QYLDJEPI vs. SPYIJEPI vs. QQQIJEPI vs. VOO

Return for Risk

XCNS.TO vs. JEPI — 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
JEPI
JEPI Risk / Return Rank: 2626
Overall Rank
JEPI Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
JEPI Sortino Ratio Rank: 2727
Sortino Ratio Rank
JEPI Omega Ratio Rank: 2727
Omega Ratio Rank
JEPI Calmar Ratio Rank: 2424
Calmar Ratio Rank
JEPI Martin Ratio Rank: 2626
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. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and JPMorgan Equity Premium Income ETF (JEPI). 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.TOJEPIDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.03

+0.88

Sortino ratioReturn per unit of downside risk
2.73
1.55

+1.18

Omega ratioGain probability vs. loss probability

1.37

1.19

+0.19

Calmar ratioReturn relative to maximum drawdown

2.65

1.68

+0.97

Martin ratioReturn relative to average drawdown

10.64

4.59

+6.05

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. JEPI - Sharpe Ratio Comparison

The current XCNS.TO Sharpe Ratio is 1.92, which is higher than the JEPI Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of XCNS.TO and JEPI, 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.TOJEPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

1.03

+0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.83

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.88

-0.05

Drawdowns

XCNS.TO vs. JEPI - Drawdown Comparison

The maximum XCNS.TO drawdown since its inception was -17.46%, which is greater than JEPI's maximum drawdown of -14.43%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and JEPI.

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Drawdown Indicators

XCNS.TOJEPIDifference

Max Drawdown

Largest peak-to-trough decline

-17.46%

-14.43%

-3.03%

Max Drawdown (1Y)

Largest decline over 1 year

-4.86%

-5.48%

+0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-6.40%

-14.43%

+8.03%

Max Drawdown (5Y)

Largest decline over 5 years

-16.09%

-14.43%

-1.66%

Current Drawdown

Current decline from peak

-1.61%

-3.10%

+1.49%

Average Drawdown

Average peak-to-trough decline

-3.50%

-2.38%

-1.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

2.00%

-0.79%

Volatility

XCNS.TO vs. JEPI - Volatility Comparison

iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) has a higher volatility of 3.29% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.82%. This indicates that XCNS.TO's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCNS.TOJEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.29%

1.82%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

5.78%

6.98%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

6.73%

8.92%

-2.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.90%

12.57%

-5.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.78%

12.43%

-4.65%

XCNS.TO vs. JEPI - Expense Ratio Comparison

XCNS.TO has a 0.20% expense ratio, which is lower than JEPI's 0.35% expense ratio.

Dividends

XCNS.TO vs. JEPI - Dividend Comparison

XCNS.TO's dividend yield for the trailing twelve months is around 2.51%, less than JEPI's 8.28% yield.

PositionTTM2025202420232022202120202019
JEPI
JPMorgan Equity Premium Income ETF		8.28%8.25%7.33%8.40%11.68%6.59%5.79%0.00%
XCNS.TO
iShares Core Conservative Balanced ETF Portfolio		2.51%2.54%2.58%2.49%2.26%1.81%2.15%0.92%

Frequently Asked Questions

XCNS.TO and JEPI have a correlation of 0.53, 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 0.35% for JEPI.

XCNS.TO is categorized as Diversified Portfolio, while JEPI is Dividend. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for XCNS.TO and 0.35% for JEPI.

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