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

XCSR.TO vs. HCA.TO

Last updated Jun 25, 2026

XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) and HCA.TO (Hamilton Canadian Bank Mean Reversion Index ETF) are both Canada Equities funds - XCSR.TO tracks the Morningstar Canada GR CAD while HCA.TO tracks the Solactive Canadian Bank Mean Reversion Index. Both are passively managed. Over the past 5 years, XCSR.TO returned 13.71%/yr vs 19.67%/yr for HCA.TO. A 0.65 correlation means they provide meaningful diversification when combined. XCSR.TO charges 0.17%/yr vs 0.45%/yr for HCA.TO.

Performance

XCSR.TO vs. HCA.TO - 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 Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XCSR.TO achieves a 8.85% return, which is significantly lower than HCA.TO's 31.63% return.

XCSR.TO

1D
0.15%
1M
2.55%
YTD
8.85%
6M
4.99%
1Y
30.52%
3Y*
26.52%
5Y*
13.71%
10Y*
—

HCA.TO

1D
-0.39%
1M
8.88%
YTD
31.63%
6M
31.33%
1Y
75.96%
3Y*
37.45%
5Y*
19.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCSR.TO vs. HCA.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		8.85%35.36%24.42%15.21%-14.41%22.32%33.84%
HCA.TO
Hamilton Canadian Bank Mean Reversion Index ETF		31.63%46.37%18.16%12.55%-13.32%36.09%80.00%

Correlation

The correlation between XCSR.TO and HCA.TO is 0.62, 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

0.62

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

0.66

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

0.70

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2020

0.65

The correlation between XCSR.TO and HCA.TO has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

XCSR.TO vs. HCA.TO - Sectors Allocation Comparison

Sectors
XCSR.TO
HCA.TO

Financial Services

51.4%
100.0%

Basic Materials

16.6%

-

Technology

13.8%

-

Consumer Defensive

5.7%

-

Industrials

5.2%

-

Consumer Cyclical

3.0%

-

Communication Services

1.5%

-

Real Estate

1.4%

-

Utilities

1.1%

-

Healthcare

0.2%

-

Energy

-

-

Financial Services

XCSR.TO
51.4%
HCA.TO
100.0%

Basic Materials

XCSR.TO
16.6%
HCA.TO

-

Technology

XCSR.TO
13.8%
HCA.TO

-

Consumer Defensive

XCSR.TO
5.7%
HCA.TO

-

Industrials

XCSR.TO
5.2%
HCA.TO

-

Consumer Cyclical

XCSR.TO
3.0%
HCA.TO

-

Communication Services

XCSR.TO
1.5%
HCA.TO

-

Real Estate

XCSR.TO
1.4%
HCA.TO

-

Utilities

XCSR.TO
1.1%
HCA.TO

-

Healthcare

XCSR.TO
0.2%
HCA.TO

-

Energy

XCSR.TO

-

HCA.TO

-

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iShares ESG Advanced MSCI Canada Index ETF

Hamilton Canadian Bank Mean Reversion Index ETF

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. CSIQ
Often compared with HCA.TO:
HCA.TO vs. HCAL.TOHCA.TO vs. HEB.TOHCA.TO vs. VCE.TOHCA.TO vs. PMIF.TOHCA.TO vs. XIC.TOHCA.TO vs. LMAX.TOHCA.TO vs. FCCM.NEO

Return for Risk

XCSR.TO vs. HCA.TO — 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: 6666
Overall Rank
XCSR.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
XCSR.TO Sortino Ratio Rank: 6565
Sortino Ratio Rank
XCSR.TO Omega Ratio Rank: 6666
Omega Ratio Rank
XCSR.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
XCSR.TO Martin Ratio Rank: 6767
Martin Ratio Rank
HCA.TO
HCA.TO Risk / Return Rank: 9898
Overall Rank
HCA.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
HCA.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
HCA.TO Omega Ratio Rank: 9898
Omega Ratio Rank
HCA.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
HCA.TO Martin Ratio Rank: 9797
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. HCA.TO - 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 Hamilton Canadian Bank Mean Reversion Index ETF (HCA.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.

XCSR.TOHCA.TODifference
Sharpe ratioReturn per unit of total volatility
1.99
5.82

-3.83

Sortino ratioReturn per unit of downside risk
2.69
8.32

-5.63

Omega ratioGain probability vs. loss probability

1.35

2.15

-0.80

Calmar ratioReturn relative to maximum drawdown

2.76

8.96

-6.20

Martin ratioReturn relative to average drawdown

10.92

40.67

-29.75

XCSR.TO vs. HCA.TO - Sharpe Ratio Comparison

The current XCSR.TO Sharpe Ratio is 1.99, which is lower than the HCA.TO Sharpe Ratio of 5.82. The chart below compares the historical Sharpe Ratios of XCSR.TO and HCA.TO, 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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Drawdowns

XCSR.TO vs. HCA.TO - Drawdown Comparison

The maximum XCSR.TO drawdown since its inception was -23.56%, smaller than the maximum HCA.TO drawdown of -37.89%. Use the drawdown chart below to compare losses from any high point for XCSR.TO and HCA.TO.

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Drawdown Indicators

XCSR.TOHCA.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.56%

-37.89%

+14.33%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-8.52%

-2.60%

Max Drawdown (3Y)

Largest decline over 3 years

-12.14%

-15.16%

+3.02%

Max Drawdown (5Y)

Largest decline over 5 years

-23.56%

-27.63%

+4.07%

Current Drawdown

Current decline from peak

-1.06%

-0.39%

-0.67%

Average Drawdown

Average peak-to-trough decline

-5.08%

-7.59%

+2.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

1.87%

+0.93%

Volatility

XCSR.TO vs. HCA.TO - Volatility Comparison

iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) has a higher volatility of 4.16% compared to Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) at 3.21%. This indicates that XCSR.TO's price experiences larger fluctuations and is considered to be riskier than HCA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCSR.TOHCA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.16%

3.21%

+0.95%

Volatility (6M)

Calculated over the trailing 6-month period

12.73%

11.17%

+1.56%

Volatility (1Y)

Calculated over the trailing 1-year period

15.44%

13.13%

+2.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.15%

14.09%

+0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.51%

22.84%

-8.33%

XCSR.TO vs. HCA.TO - Expense Ratio Comparison

XCSR.TO has a 0.17% expense ratio, which is lower than HCA.TO's 0.45% expense ratio.

Dividends

XCSR.TO vs. HCA.TO - Dividend Comparison

XCSR.TO's dividend yield for the trailing twelve months is around 1.62%, less than HCA.TO's 2.65% yield.

PositionTTM202520242023202220212020
HCA.TO
Hamilton Canadian Bank Mean Reversion Index ETF		2.65%3.44%4.83%8.98%5.45%4.17%3.54%
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		1.62%1.74%2.20%2.64%2.78%1.54%0.81%

Frequently Asked Questions

XCSR.TO and HCA.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XCSR.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCSR.TO is cheaper with a 0.17% expense ratio, compared with 0.45% for HCA.TO.

XCSR.TO tracks Morningstar Canada GR CAD, while HCA.TO tracks Solactive Canadian Bank Mean Reversion Index. They also come from different issuers: iShares and Hamilton. Their fees differ too: 0.17% for XCSR.TO and 0.45% for HCA.TO.

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