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XCSR.TO vs. CSIQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCSR.TO vs. CSIQ

Last updated Jun 4, 2026

XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) is Canada Equities fund tracking the Morningstar Canada GR CAD, while CSIQ (Canadian Solar Inc.) is a stock. Over the past 5 years, XCSR.TO returned 13.38%/yr vs -10.35%/yr for CSIQ. At a 0.31 correlation, their price movements are largely independent.

Performance

XCSR.TO vs. CSIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) and Canadian Solar Inc. (CSIQ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XCSR.TO is traded in CAD, while CSIQ is traded in USD. To make them comparable, the CSIQ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCSR.TO achieves a 6.62% return, which is significantly higher than CSIQ's -16.79% return.

XCSR.TO

1D
-1.10%
1M
4.20%
YTD
6.62%
6M
7.53%
1Y
30.67%
3Y*
24.50%
5Y*
13.38%
10Y*
—

CSIQ

1D
-4.67%
1M
25.52%
YTD
-16.79%
6M
-16.97%
1Y
80.99%
3Y*
-20.04%
5Y*
-10.35%
10Y*
1.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCSR.TO vs. CSIQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		6.62%35.35%23.27%15.18%-14.41%22.30%4,511.52%
CSIQ
Canadian Solar Inc.		-16.79%103.95%-53.96%-16.98%5.79%-39.49%180.95%

Correlation

The correlation between XCSR.TO and CSIQ 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

0.31

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

0.32

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2020

0.31

Compare stocks, funds, or ETFs

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

iShares ESG Advanced MSCI Canada Index ETF

Canadian Solar Inc.

Often compared with XCSR.TO:
XCSR.TO vs. XESG.TOXCSR.TO vs. XCS.TOXCSR.TO vs. XUSR.TOXCSR.TO vs. XMD.TOXCSR.TO vs. XEN.TOXCSR.TO vs. XIT.TOXCSR.TO vs. IHI
Often compared with CSIQ:
CSIQ vs. JKSCSIQ vs. SBRCSIQ vs. SPWRCSIQ vs. TANCSIQ vs. ALBCSIQ vs. USOCSIQ vs. VOO

Return for Risk

XCSR.TO vs. CSIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCSR.TO
XCSR.TO Risk / Return Rank: 5858
Overall Rank
XCSR.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XCSR.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XCSR.TO Omega Ratio Rank: 5959
Omega Ratio Rank
XCSR.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
XCSR.TO Martin Ratio Rank: 6161
Martin Ratio Rank
CSIQ
CSIQ Risk / Return Rank: 6565
Overall Rank
CSIQ Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
CSIQ Sortino Ratio Rank: 6767
Sortino Ratio Rank
CSIQ Omega Ratio Rank: 6767
Omega Ratio Rank
CSIQ Calmar Ratio Rank: 6565
Calmar Ratio Rank
CSIQ Martin Ratio Rank: 6262
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.

XCSR.TO vs. CSIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) and Canadian Solar Inc. (CSIQ). 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.

XCSR.TOCSIQDifference
Sharpe ratioReturn per unit of total volatility
2.04
0.86

+1.19

Sortino ratioReturn per unit of downside risk
2.76
1.61

+1.16

Omega ratioGain probability vs. loss probability

1.36

1.21

+0.15

Calmar ratioReturn relative to maximum drawdown

2.77

1.27

+1.50

Martin ratioReturn relative to average drawdown

11.03

2.37

+8.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCSR.TO vs. CSIQ - Sharpe Ratio Comparison

The current XCSR.TO Sharpe Ratio is 2.04, which is higher than the CSIQ Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of XCSR.TO and CSIQ, 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

XCSR.TOCSIQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

0.86

+1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

-0.15

+1.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.03

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.07

+0.01

Drawdowns

XCSR.TO vs. CSIQ - Drawdown Comparison

The maximum XCSR.TO drawdown since its inception was -23.56%, smaller than the maximum CSIQ drawdown of -94.02%. Use the drawdown chart below to compare losses from any high point for XCSR.TO and CSIQ.

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Drawdown Indicators

XCSR.TOCSIQDifference

Max Drawdown

Largest peak-to-trough decline

-23.56%

-94.02%

+70.46%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-64.28%

+53.16%

Max Drawdown (3Y)

Largest decline over 3 years

-12.14%

-82.32%

+70.18%

Max Drawdown (5Y)

Largest decline over 5 years

-23.56%

-84.36%

+60.80%

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.10%

—

Current Drawdown

Current decline from peak

-1.10%

-66.52%

+65.42%

Average Drawdown

Average peak-to-trough decline

-5.12%

-53.03%

+47.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

34.25%

-31.46%

Volatility

XCSR.TO vs. CSIQ - Volatility Comparison

The current volatility for iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) is 4.10%, while Canadian Solar Inc. (CSIQ) has a volatility of 29.25%. This indicates that XCSR.TO experiences smaller price fluctuations and is considered to be less risky than CSIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCSR.TOCSIQDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

29.25%

-25.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.45%

66.10%

-53.65%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

95.19%

-80.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.94%

70.84%

-56.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1,368.32%

62.55%

+1,305.77%

Dividends

XCSR.TO vs. CSIQ - Dividend Comparison

XCSR.TO's dividend yield for the trailing twelve months is around 1.65%, while CSIQ has not paid dividends to shareholders.

PositionTTM202520242023202220212020
CSIQ
Canadian Solar Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		1.65%1.73%2.20%2.61%2.78%1.53%0.81%

Frequently Asked Questions

XCSR.TO and CSIQ 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.

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