XCS.TO vs. XCV.TO
Compare and contrast key facts about iShares S&P/TSX SmallCap Index ETF (XCS.TO) and iShares Canadian Value Index ETF (XCV.TO).
XCS.TO and XCV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCS.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada Sml GR CAD. It was launched on May 14, 2007. XCV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Nov 6, 2006. Both XCS.TO and XCV.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XCS.TO or XCV.TO.
Key characteristics
| XCS.TO | XCV.TO | |
|---|---|---|
| YTD Return | 10.44% | 8.07% |
| 1Y Return | 14.47% | 16.45% |
| 3Y Return (Ann) | -0.45% | 10.16% |
| 5Y Return (Ann) | 6.47% | 10.67% |
| 10Y Return (Ann) | 3.10% | 7.90% |
| Sharpe Ratio | 0.85 | 1.17 |
| Daily Std Dev | 15.04% | 12.17% |
| Max Drawdown | -61.11% | -52.43% |
| Current Drawdown | -13.80% | 0.00% |
Correlation
The correlation between XCS.TO and XCV.TO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XCS.TO vs. XCV.TO - Performance Comparison
In the year-to-date period, XCS.TO achieves a 10.44% return, which is significantly higher than XCV.TO's 8.07% return. Over the past 10 years, XCS.TO has underperformed XCV.TO with an annualized return of 3.10%, while XCV.TO has yielded a comparatively higher 7.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XCS.TO vs. XCV.TO - Expense Ratio Comparison
XCS.TO has a 0.60% expense ratio, which is higher than XCV.TO's 0.55% expense ratio.
Risk-Adjusted Performance
XCS.TO vs. XCV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX SmallCap Index ETF (XCS.TO) and iShares Canadian Value Index ETF (XCV.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.
Dividends
XCS.TO vs. XCV.TO - Dividend Comparison
XCS.TO's dividend yield for the trailing twelve months is around 2.49%, less than XCV.TO's 3.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCS.TO iShares S&P/TSX SmallCap Index ETF | 2.49% | 2.70% | 2.16% | 1.58% | 1.85% | 2.36% | 2.20% | 1.89% | 1.52% | 2.43% | 4.73% | 2.00% |
XCV.TO iShares Canadian Value Index ETF | 3.76% | 4.00% | 3.28% | 2.18% | 3.46% | 3.16% | 3.23% | 2.48% | 2.58% | 3.24% | 6.55% | 2.85% |
Drawdowns
XCS.TO vs. XCV.TO - Drawdown Comparison
The maximum XCS.TO drawdown since its inception was -61.11%, which is greater than XCV.TO's maximum drawdown of -52.43%. Use the drawdown chart below to compare losses from any high point for XCS.TO and XCV.TO. For additional features, visit the drawdowns tool.
Volatility
XCS.TO vs. XCV.TO - Volatility Comparison
iShares S&P/TSX SmallCap Index ETF (XCS.TO) has a higher volatility of 4.76% compared to iShares Canadian Value Index ETF (XCV.TO) at 2.84%. This indicates that XCS.TO's price experiences larger fluctuations and is considered to be riskier than XCV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.