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XEI.TO vs. WMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEI.TO vs. WMT

Last updated Jun 14, 2026

XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) is Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while WMT (Walmart Inc.) is a stock. Over the past 10 years, XEI.TO returned 12.09%/yr vs 20.80%/yr for WMT. At a 0.18 correlation, their price movements are largely independent.

Performance

XEI.TO vs. WMT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Walmart Inc. (WMT). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XEI.TO achieves a 24.32% return, which is significantly higher than WMT's 11.29% return. Over the past 10 years, XEI.TO has underperformed WMT with an annualized return of 12.09%, while WMT has yielded a comparatively higher 20.80% annualized return.

XEI.TO

1D
0.58%
1M
3.71%
YTD
24.32%
6M
20.22%
1Y
38.85%
3Y*
21.39%
5Y*
14.74%
10Y*
12.09%

WMT

1D
0.63%
1M
-6.84%
YTD
11.29%
6M
5.62%
1Y
32.81%
3Y*
36.19%
5Y*
26.01%
10Y*
20.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEI.TO vs. WMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		24.32%20.86%15.26%6.59%0.32%35.76%-7.60%25.30%-10.95%7.14%
WMT
Walmart Inc.		11.29%18.81%88.72%10.20%5.84%1.92%20.40%24.80%4.69%36.64%

Correlation

The correlation between XEI.TO and WMT is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

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

0.13

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

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2011

0.18

The correlation between XEI.TO and WMT shifts across timeframes, from 0.05 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

iShares S&P/TSX Composite High Dividend Index ETF

Walmart Inc.

Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO
Often compared with WMT:
WMT vs. COSTWMT vs. TGTWMT vs. VOOWMT vs. KRWMT vs. XLPWMT vs. SCHDWMT vs. ABBV

Return for Risk

XEI.TO vs. WMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9797
Martin Ratio Rank
WMT
WMT Risk / Return Rank: 7676
Overall Rank
WMT Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
WMT Sortino Ratio Rank: 7373
Sortino Ratio Rank
WMT Omega Ratio Rank: 7474
Omega Ratio Rank
WMT Calmar Ratio Rank: 7575
Calmar Ratio Rank
WMT Martin Ratio Rank: 8080
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.

XEI.TO vs. WMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Walmart Inc. (WMT). 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.

XEI.TOWMTDifference
Sharpe ratioReturn per unit of total volatility
5.02
1.30

+3.72

Sortino ratioReturn per unit of downside risk
6.90
1.92

+4.98

Omega ratioGain probability vs. loss probability

2.02

1.25

+0.77

Calmar ratioReturn relative to maximum drawdown

9.32

2.10

+7.23

Martin ratioReturn relative to average drawdown

41.87

6.85

+35.02

XEI.TO vs. WMT - Sharpe Ratio Comparison

The current XEI.TO Sharpe Ratio is 5.02, which is higher than the WMT Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of XEI.TO and WMT, 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

XEI.TO vs. WMT - Drawdown Comparison

The maximum XEI.TO drawdown since its inception was -45.52%, smaller than the maximum WMT drawdown of -47.96%. Use the drawdown chart below to compare losses from any high point for XEI.TO and WMT.

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Drawdown Indicators

XEI.TOWMTDifference

Max Drawdown

Largest peak-to-trough decline

-45.52%

-47.96%

+2.44%

Max Drawdown (1Y)

Largest decline over 1 year

-4.22%

-15.14%

+10.92%

Max Drawdown (3Y)

Largest decline over 3 years

-9.96%

-22.27%

+12.31%

Max Drawdown (5Y)

Largest decline over 5 years

-17.35%

-24.22%

+6.87%

Max Drawdown (10Y)

Largest decline over 10 years

-45.52%

-24.22%

-21.30%

Current Drawdown

Current decline from peak

0.00%

-8.27%

+8.27%

Average Drawdown

Average peak-to-trough decline

-5.10%

-13.52%

+8.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.94%

4.63%

-3.69%

Volatility

XEI.TO vs. WMT - Volatility Comparison

The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.68%, while Walmart Inc. (WMT) has a volatility of 10.08%. This indicates that XEI.TO experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEI.TOWMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.68%

10.08%

-7.40%

Volatility (6M)

Calculated over the trailing 6-month period

6.71%

19.04%

-12.33%

Volatility (1Y)

Calculated over the trailing 1-year period

7.84%

24.44%

-16.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.31%

22.53%

-11.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.02%

22.81%

-6.79%

Dividends

XEI.TO vs. WMT - Dividend Comparison

XEI.TO's dividend yield for the trailing twelve months is around 3.53%, more than WMT's 0.80% yield.

PositionTTM20252024202320222021202020192018201720162015
WMT
Walmart Inc.		0.80%0.84%0.92%1.45%1.58%1.52%1.50%1.78%2.23%2.07%2.89%3.20%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.53%4.47%5.45%4.97%4.68%3.58%5.03%4.62%5.42%4.29%4.41%5.64%

Frequently Asked Questions

XEI.TO and WMT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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