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

XCNS.TO vs. RY

Last updated Jun 9, 2026

XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) is Diversified Portfolio fund actively managed by iShares, while RY (Royal Bank of Canada) is a stock. Over the past 5 years, XCNS.TO returned 5.68%/yr vs 21.33%/yr for RY. At a 0.37 correlation, their price movements are largely independent.

Performance

XCNS.TO vs. RY - 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 Royal Bank of Canada (RY). 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 RY is traded in USD. To make them comparable, the RY 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 lower than RY's 18.29% 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*
—

RY

1D
0.94%
1M
9.74%
YTD
18.29%
6M
22.18%
1Y
61.00%
3Y*
34.95%
5Y*
21.33%
10Y*
17.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCNS.TO vs. RY - 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%
RY
Royal Bank of Canada		18.29%39.61%34.28%10.04%-2.17%34.05%5.85%3.27%

Correlation

The correlation between XCNS.TO and RY is 0.50, 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

0.50

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

0.43

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

0.37

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

0.37

The correlation between XCNS.TO and RY shifts across timeframes, from 0.37 (5 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

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

Royal Bank of Canada

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 RY:
RY vs. TDRY vs. BNSRY vs. JPMRY vs. BMORY vs. TD.TORY vs. DOL.TORY vs. EQB.TO

Return for Risk

XCNS.TO vs. RY — 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
RY
RY Risk / Return Rank: 9797
Overall Rank
RY Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RY Sortino Ratio Rank: 9898
Sortino Ratio Rank
RY Omega Ratio Rank: 9797
Omega Ratio Rank
RY Calmar Ratio Rank: 9494
Calmar Ratio Rank
RY Martin Ratio Rank: 9696
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. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and Royal Bank of Canada (RY). 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.TORYDifference
Sharpe ratioReturn per unit of total volatility
1.92
3.95

-2.03

Sortino ratioReturn per unit of downside risk
2.73
5.53

-2.80

Omega ratioGain probability vs. loss probability

1.37

1.70

-0.32

Calmar ratioReturn relative to maximum drawdown

2.65

7.56

-4.92

Martin ratioReturn relative to average drawdown

10.64

27.10

-16.46

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. RY - Sharpe Ratio Comparison

The current XCNS.TO Sharpe Ratio is 1.92, which is lower than the RY Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of XCNS.TO and RY, 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.TORYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

3.95

-2.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

1.15

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.64

+0.19

Drawdowns

XCNS.TO vs. RY - Drawdown Comparison

The maximum XCNS.TO drawdown since its inception was -17.46%, smaller than the maximum RY drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and RY.

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Drawdown Indicators

XCNS.TORYDifference

Max Drawdown

Largest peak-to-trough decline

-17.46%

-53.85%

+36.39%

Max Drawdown (1Y)

Largest decline over 1 year

-4.86%

-8.11%

+3.25%

Max Drawdown (3Y)

Largest decline over 3 years

-6.40%

-16.37%

+9.97%

Max Drawdown (5Y)

Largest decline over 5 years

-16.09%

-20.93%

+4.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.52%

—

Current Drawdown

Current decline from peak

-1.61%

0.00%

-1.61%

Average Drawdown

Average peak-to-trough decline

-3.50%

-6.43%

+2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

2.26%

-1.05%

Volatility

XCNS.TO vs. RY - Volatility Comparison

The current volatility for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) is 3.29%, while Royal Bank of Canada (RY) has a volatility of 4.56%. This indicates that XCNS.TO experiences smaller price fluctuations and is considered to be less risky than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCNS.TORYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.29%

4.56%

-1.27%

Volatility (6M)

Calculated over the trailing 6-month period

5.78%

11.85%

-6.07%

Volatility (1Y)

Calculated over the trailing 1-year period

6.73%

15.55%

-8.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.90%

18.61%

-11.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.78%

20.51%

-12.73%

Dividends

XCNS.TO vs. RY - Dividend Comparison

XCNS.TO's dividend yield for the trailing twelve months is around 2.51%, more than RY's 2.37% yield.

PositionTTM20252024202320222021202020192018201720162015
RY
Royal Bank of Canada		2.37%2.54%3.39%4.29%4.07%3.24%3.88%3.88%4.27%3.22%3.95%5.41%
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 RY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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