XEF.TO vs. XIC.TO
Compare and contrast key facts about iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO).
XEF.TO and XIC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEF.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM xNA GR CAD. It was launched on Apr 10, 2013. XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001. Both XEF.TO and XIC.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: XEF.TO or XIC.TO.
Key characteristics
| XEF.TO | XIC.TO | |
|---|---|---|
| YTD Return | 13.57% | 15.49% |
| 1Y Return | 19.23% | 18.78% |
| 3Y Return (Ann) | 5.23% | 7.83% |
| 5Y Return (Ann) | 7.94% | 10.21% |
| 10Y Return (Ann) | 7.96% | 7.59% |
| Sharpe Ratio | 1.81 | 1.65 |
| Daily Std Dev | 10.41% | 11.42% |
| Max Drawdown | -28.50% | -48.23% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XEF.TO and XIC.TO is 0.75, 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
XEF.TO vs. XIC.TO - Performance Comparison
In the year-to-date period, XEF.TO achieves a 13.57% return, which is significantly lower than XIC.TO's 15.49% return. Both investments have delivered pretty close results over the past 10 years, with XEF.TO having a 7.96% annualized return and XIC.TO not far behind at 7.59%. 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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XEF.TO vs. XIC.TO - Expense Ratio Comparison
XEF.TO has a 0.22% expense ratio, which is higher than XIC.TO's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XEF.TO vs. XIC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.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
XEF.TO vs. XIC.TO - Dividend Comparison
XEF.TO's dividend yield for the trailing twelve months is around 2.53%, less than XIC.TO's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.53% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% | 5.21% | 1.72% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.58% | 2.95% | 3.10% | 2.45% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% | 2.59% | 2.67% |
Drawdowns
XEF.TO vs. XIC.TO - Drawdown Comparison
The maximum XEF.TO drawdown since its inception was -28.50%, smaller than the maximum XIC.TO drawdown of -48.23%. Use the drawdown chart below to compare losses from any high point for XEF.TO and XIC.TO. For additional features, visit the drawdowns tool.
Volatility
XEF.TO vs. XIC.TO - Volatility Comparison
iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) have volatilities of 4.11% and 3.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.