XCNS.TO vs. VRIF.TO
XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) and VRIF.TO (Vanguard Retirement Income ETF Portfolio) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, XCNS.TO returned 5.50%/yr vs 4.25%/yr for VRIF.TO. Their correlation of 0.82 suggests significant overlap in exposure. XCNS.TO charges 0.20%/yr vs 0.29%/yr for VRIF.TO.
Performance
XCNS.TO vs. VRIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCNS.TO achieves a 5.91% return, which is significantly higher than VRIF.TO's 4.74% return.
XCNS.TO
- 1D
- -0.04%
- 1M
- 0.26%
- 6M
- 4.26%
- YTD
- 5.91%
- 1Y
- 12.65%
- 3Y*
- 11.05%
- 5Y*
- 5.50%
- 10Y*
- —
VRIF.TO
- 1D
- 0.04%
- 1M
- -0.23%
- 6M
- 3.25%
- YTD
- 4.74%
- 1Y
- 10.68%
- 3Y*
- 9.31%
- 5Y*
- 4.25%
- 10Y*
- —
XCNS.TO vs. VRIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 5.91% | 10.46% | 11.73% | 10.67% | -11.25% | 5.93% | 4.00% |
VRIF.TO Vanguard Retirement Income ETF Portfolio | 4.74% | 10.60% | 8.42% | 8.96% | -11.50% | 7.44% | 5.09% |
Correlation
The correlation between XCNS.TO and VRIF.TO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.82 |
The correlation between XCNS.TO and VRIF.TO shifts across timeframes, from 0.81 (5 years) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XCNS.TO vs. VRIF.TO — Risk / Return Rank
XCNS.TO
VRIF.TO
XCNS.TO vs. VRIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and Vanguard Retirement Income ETF Portfolio (VRIF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCNS.TO | VRIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.35 | +0.27 |
| Martin ratioReturn relative to average drawdown | 10.34 | 9.62 | +0.73 |
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Drawdowns
XCNS.TO vs. VRIF.TO - Drawdown Comparison
The maximum XCNS.TO drawdown since its inception was -17.46%, which is greater than VRIF.TO's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and VRIF.TO.
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Drawdown Indicators
| XCNS.TO | VRIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.46% | -16.19% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -4.57% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -5.01% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | -16.19% | +0.10% |
Current DrawdownCurrent decline from peak | -1.01% | -1.09% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -3.81% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.11% | +0.12% |
Volatility
XCNS.TO vs. VRIF.TO - Volatility Comparison
iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) has a higher volatility of 1.55% compared to Vanguard Retirement Income ETF Portfolio (VRIF.TO) at 1.43%. This indicates that XCNS.TO's price experiences larger fluctuations and is considered to be riskier than VRIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCNS.TO | VRIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.43% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 4.93% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 5.61% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 6.28% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 6.25% | +1.51% |
XCNS.TO vs. VRIF.TO - Expense Ratio Comparison
XCNS.TO has a 0.20% expense ratio, which is lower than VRIF.TO's 0.29% expense ratio.
Dividends
XCNS.TO vs. VRIF.TO - Dividend Comparison
XCNS.TO's dividend yield for the trailing twelve months is around 2.60%, less than VRIF.TO's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
VRIF.TO Vanguard Retirement Income ETF Portfolio | 3.76% | 3.77% | 3.94% | 4.32% | 4.72% | 3.86% | 1.27% | 0.00% |
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 2.60% | 2.54% | 2.58% | 2.49% | 2.26% | 1.81% | 2.15% | 0.92% |
Frequently Asked Questions
With a correlation of 0.94, XCNS.TO and VRIF.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.29% for VRIF.TO.
They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for XCNS.TO and 0.29% for VRIF.TO.
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