XCNS.TO vs. XEI.TO
XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - XCNS.TO is a Diversified Portfolio fund actively managed by iShares, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. XCNS.TO is actively managed, while XEI.TO is passively managed. Over the past 5 years, XCNS.TO returned 5.71%/yr vs 15.55%/yr for XEI.TO. At a 0.48 correlation, their price movements are largely independent. XCNS.TO charges 0.20%/yr vs 0.22%/yr for XEI.TO.
Performance
XCNS.TO vs. XEI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCNS.TO achieves a 5.57% return, which is significantly lower than XEI.TO's 22.21% 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*
- —
XEI.TO
- 1D
- 0.00%
- 1M
- 3.33%
- YTD
- 22.21%
- 6M
- 23.56%
- 1Y
- 43.59%
- 3Y*
- 22.26%
- 5Y*
- 15.55%
- 10Y*
- 12.32%
XCNS.TO vs. XEI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 5.57% | 9.44% | 11.73% | 10.66% | -11.25% | 5.93% | 10.28% | 3.45% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 22.21% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 11.03% |
Correlation
The correlation between XCNS.TO and XEI.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2019 | 0.48 |
Over the past year, the correlation between XCNS.TO and XEI.TO has dropped to 0.27 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
XCNS.TO vs. XEI.TO - Sectors Allocation Comparison
Sectors
XCNS.TO
XEI.TO
Technology
Financial Services
Industrials
Communication Services
Energy
Consumer Cyclical
Basic Materials
Healthcare
Consumer Defensive
Utilities
Real Estate
Technology
XCNS.TO
XEI.TO
Financial Services
XCNS.TO
XEI.TO
Industrials
XCNS.TO
XEI.TO
Communication Services
XCNS.TO
XEI.TO
Energy
XCNS.TO
XEI.TO
Consumer Cyclical
XCNS.TO
XEI.TO
Basic Materials
XCNS.TO
XEI.TO
Healthcare
XCNS.TO
XEI.TO
Consumer Defensive
XCNS.TO
XEI.TO
Utilities
XCNS.TO
XEI.TO
Real Estate
XCNS.TO
XEI.TO
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Return for Risk
XCNS.TO vs. XEI.TO — Risk / Return Rank
XCNS.TO
XEI.TO
XCNS.TO vs. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.
| XCNS.TO | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.16 | ||
| Sortino ratioReturn per unit of downside risk | -6.31 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 2.27 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 19.53 | -16.90 |
| Martin ratioReturn relative to average drawdown | 10.25 | 66.28 | -56.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCNS.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 6.08 | -4.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.39 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.67 | +0.19 |
Drawdowns
XCNS.TO vs. XEI.TO - Drawdown Comparison
The maximum XCNS.TO drawdown since its inception was -16.96%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and XEI.TO.
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Drawdown Indicators
| XCNS.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.96% | -45.51% | +28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -2.24% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -9.92% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | -17.32% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.51% | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.76% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -5.05% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.66% | +0.58% |
Volatility
XCNS.TO vs. XEI.TO - Volatility Comparison
iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) has a higher volatility of 3.14% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that XCNS.TO's price experiences larger fluctuations and is considered to be riskier than XEI.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 | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 2.87% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.72% | 6.01% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 7.21% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 11.24% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 16.01% | -8.40% |
XCNS.TO vs. XEI.TO - Expense Ratio Comparison
XCNS.TO has a 0.20% expense ratio, which is lower than XEI.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XCNS.TO vs. XEI.TO - Dividend Comparison
XCNS.TO's dividend yield for the trailing twelve months is around 2.50%, less than XEI.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCNS.TO iShares Core Conservative Balanced ETF Portfolio | 2.50% | 2.55% | 2.58% | 2.49% | 2.26% | 1.81% | 2.15% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.56% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
XCNS.TO and XEI.TO have a correlation of 0.27, 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 0.22% for XEI.TO.
XCNS.TO is categorized as Diversified Portfolio, while XEI.TO is Canada Equities. Their fees differ too: 0.20% for XCNS.TO and 0.22% for XEI.TO.
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