XEG.TO vs. FIE.TO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and FIE.TO (iShares Canadian Financial Monthly Income ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while FIE.TO is a Financials Equities fund actively managed by iShares. XEG.TO is passively managed, while FIE.TO is actively managed. Over the past 10 years, XEG.TO returned 10.96%/yr vs 12.31%/yr for FIE.TO. At a 0.44 correlation, their price movements are largely independent. XEG.TO charges 0.60%/yr vs 0.74%/yr for FIE.TO.
Performance
XEG.TO vs. FIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEG.TO achieves a 30.47% return, which is significantly higher than FIE.TO's 14.56% return. Over the past 10 years, XEG.TO has underperformed FIE.TO with an annualized return of 10.96%, while FIE.TO has yielded a comparatively higher 12.31% annualized return.
XEG.TO
- 1D
- 0.20%
- 1M
- -11.00%
- YTD
- 30.47%
- 6M
- 33.01%
- 1Y
- 46.85%
- 3Y*
- 25.76%
- 5Y*
- 26.37%
- 10Y*
- 10.96%
FIE.TO
- 1D
- 0.09%
- 1M
- 4.86%
- YTD
- 14.56%
- 6M
- 11.23%
- 1Y
- 32.60%
- 3Y*
- 26.44%
- 5Y*
- 13.03%
- 10Y*
- 12.31%
XEG.TO vs. FIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 30.47% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 14.56% | 24.36% | 27.62% | 12.58% | -14.35% | 27.34% | 1.33% | 18.97% | -9.12% | 12.01% |
Correlation
The correlation between XEG.TO and FIE.TO is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2010 | 0.44 |
The correlation between XEG.TO and FIE.TO shifts across timeframes, from -0.20 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEG.TO vs. FIE.TO — Risk / Return Rank
XEG.TO
FIE.TO
XEG.TO vs. FIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.
| XEG.TO | FIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.71 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 4.55 | -1.41 |
| Martin ratioReturn relative to average drawdown | 11.48 | 14.80 | -3.33 |
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Drawdowns
XEG.TO vs. FIE.TO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than FIE.TO's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for XEG.TO and FIE.TO.
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Drawdown Indicators
| XEG.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -42.24% | -45.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.97% | -7.19% | -7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -10.70% | -14.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -22.93% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | -42.24% | -37.42% |
Current DrawdownCurrent decline from peak | -13.23% | 0.00% | -13.23% |
Average DrawdownAverage peak-to-trough decline | -34.56% | -4.88% | -29.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.21% | +1.90% |
Volatility
XEG.TO vs. FIE.TO - Volatility Comparison
iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 8.45% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.54%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEG.TO | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.45% | 2.54% | +5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 7.83% | +11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.43% | 9.02% | +14.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.65% | 10.55% | +18.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.40% | 14.06% | +19.34% |
XEG.TO vs. FIE.TO - Expense Ratio Comparison
XEG.TO has a 0.60% expense ratio, which is lower than FIE.TO's 0.74% expense ratio.
Dividends
XEG.TO vs. FIE.TO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.93%, less than FIE.TO's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.34% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.93% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
XEG.TO and FIE.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.60% expense ratio, compared with 0.74% for FIE.TO.
XEG.TO is categorized as Energy Equities, while FIE.TO is Financials Equities. Their fees differ too: 0.60% for XEG.TO and 0.74% for FIE.TO.
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