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

XCNS.TO vs. JPIE

Last updated Jun 4, 2026

XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - XCNS.TO is a Diversified Portfolio fund actively managed by iShares, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, XCNS.TO returned 10.96%/yr vs 7.67%/yr for JPIE. At a 0.08 correlation, their price movements are largely independent. XCNS.TO charges 0.20%/yr vs 0.40%/yr for JPIE.

Performance

XCNS.TO vs. JPIE - 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 Income ETF (JPIE). 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 JPIE is traded in USD. To make them comparable, the JPIE 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 5.57% return, which is significantly higher than JPIE's 2.72% return.

XCNS.TO

1D
-0.26%
1M
3.19%
YTD
5.57%
6M
4.19%
1Y
12.72%
3Y*
10.96%
5Y*
5.71%
10Y*
—

JPIE

1D
0.28%
1M
2.35%
YTD
2.72%
6M
1.45%
1Y
7.42%
3Y*
7.67%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCNS.TO vs. JPIE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XCNS.TO
iShares Core Conservative Balanced ETF Portfolio		5.57%9.44%11.73%10.66%-11.25%1.37%
JPIE
JPMorgan Income ETF		2.72%2.46%15.46%4.72%0.56%2.22%

Correlation

The correlation between XCNS.TO and JPIE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.10

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

0.12

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2021

0.08

Compare stocks, funds, or ETFs

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

iShares Core Conservative Balanced ETF Portfolio

JPMorgan 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 JPIE:
JPIE vs. JEPIJPIE vs. BINCJPIE vs. SGOVJPIE vs. JPSTJPIE vs. BNDJPIE vs. JBNDJPIE vs. JCPB

Return for Risk

XCNS.TO vs. JPIE — 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: 5656
Overall Rank
XCNS.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XCNS.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XCNS.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XCNS.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
XCNS.TO Martin Ratio Rank: 5858
Martin Ratio Rank
JPIE
JPIE Risk / Return Rank: 9393
Overall Rank
JPIE Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
JPIE Sortino Ratio Rank: 9696
Sortino Ratio Rank
JPIE Omega Ratio Rank: 9696
Omega Ratio Rank
JPIE Calmar Ratio Rank: 8888
Calmar Ratio Rank
JPIE Martin Ratio Rank: 9393
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. JPIE - 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 Income ETF (JPIE). 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.TOJPIEDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.61

+0.31

Sortino ratioReturn per unit of downside risk
2.75
2.24

+0.51

Omega ratioGain probability vs. loss probability

1.37

1.29

+0.08

Calmar ratioReturn relative to maximum drawdown

2.63

2.13

+0.50

Martin ratioReturn relative to average drawdown

10.25

6.20

+4.06

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. JPIE - Sharpe Ratio Comparison

The current XCNS.TO Sharpe Ratio is 1.92, which is comparable to the JPIE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of XCNS.TO and JPIE, 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.TOJPIEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

1.61

+0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

1.02

-0.17

Drawdowns

XCNS.TO vs. JPIE - Drawdown Comparison

The maximum XCNS.TO drawdown since its inception was -16.96%, which is greater than JPIE's maximum drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and JPIE.

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Drawdown Indicators

XCNS.TOJPIEDifference

Max Drawdown

Largest peak-to-trough decline

-16.96%

-8.01%

-8.95%

Max Drawdown (1Y)

Largest decline over 1 year

-4.86%

-3.42%

-1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-6.40%

-5.65%

-0.75%

Max Drawdown (5Y)

Largest decline over 5 years

-16.09%

—

—

Current Drawdown

Current decline from peak

-0.79%

0.00%

-0.79%

Average Drawdown

Average peak-to-trough decline

-3.49%

-1.93%

-1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.24%

1.18%

+0.06%

Volatility

XCNS.TO vs. JPIE - Volatility Comparison

iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) has a higher volatility of 3.14% compared to JPMorgan Income ETF (JPIE) at 0.87%. This indicates that XCNS.TO's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCNS.TOJPIEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.14%

0.87%

+2.27%

Volatility (6M)

Calculated over the trailing 6-month period

5.72%

3.50%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

6.67%

4.54%

+2.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.86%

5.93%

+0.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.61%

5.93%

+1.68%

XCNS.TO vs. JPIE - Expense Ratio Comparison

XCNS.TO has a 0.20% expense ratio, which is lower than JPIE's 0.40% expense ratio.

Dividends

XCNS.TO vs. JPIE - Dividend Comparison

XCNS.TO's dividend yield for the trailing twelve months is around 2.50%, less than JPIE's 5.62% yield.

PositionTTM2025202420232022202120202019
JPIE
JPMorgan Income ETF		5.62%5.65%6.11%5.70%4.49%0.63%0.00%0.00%
XCNS.TO
iShares Core Conservative Balanced ETF Portfolio		2.50%2.55%2.58%2.49%2.26%1.81%2.15%0.92%

Frequently Asked Questions

XCNS.TO and JPIE have a correlation of 0.10, 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 0.40% for JPIE.

XCNS.TO is categorized as Diversified Portfolio, while JPIE is Multisector Bonds. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for XCNS.TO and 0.40% for JPIE.

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