XEI.TO vs. XFR.TO
XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, XEI.TO returned 12.30%/yr vs 2.25%/yr for XFR.TO. At a 0.03 correlation, their price movements are largely independent. XEI.TO charges 0.22%/yr vs 0.14%/yr for XFR.TO.
Performance
XEI.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEI.TO achieves a 23.25% return, which is significantly higher than XFR.TO's 1.02% return. Over the past 10 years, XEI.TO has outperformed XFR.TO with an annualized return of 12.30%, while XFR.TO has yielded a comparatively lower 2.25% annualized return.
XEI.TO
- 1D
- 0.85%
- 1M
- 3.41%
- YTD
- 23.25%
- 6M
- 23.82%
- 1Y
- 45.53%
- 3Y*
- 22.82%
- 5Y*
- 15.75%
- 10Y*
- 12.30%
XFR.TO
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 1.02%
- 6M
- 1.35%
- 1Y
- 2.94%
- 3Y*
- 3.99%
- 5Y*
- 3.21%
- 10Y*
- 2.25%
XEI.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 23.25% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 25.44% | -10.85% | 7.24% |
XFR.TO iShares Floating Rate Index ETF | 1.02% | 3.33% | 4.57% | 5.29% | 1.82% | 0.15% | 0.98% | 2.23% | 1.16% | 1.46% |
Correlation
The correlation between XEI.TO and XFR.TO is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011 | 0.03 |
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Return for Risk
XEI.TO vs. XFR.TO — Risk / Return Rank
XEI.TO
XFR.TO
XEI.TO vs. XFR.TO - 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 iShares Floating Rate Index ETF (XFR.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.
| XEI.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.96 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 20.39 | 29.53 | -9.14 |
| Martin ratioReturn relative to average drawdown | 69.23 | 87.75 | -18.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEI.TO | XFR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.34 | 4.09 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.41 | 3.93 | -2.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 1.22 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.19 | -0.52 |
Drawdowns
XEI.TO vs. XFR.TO - Drawdown Comparison
The maximum XEI.TO drawdown since its inception was -45.51%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for XEI.TO and XFR.TO.
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Drawdown Indicators
| XEI.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -4.12% | -41.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -0.10% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -0.30% | -9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.32% | -0.30% | -17.02% |
Max Drawdown (10Y)Largest decline over 10 years | -45.51% | -4.12% | -41.39% |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -0.06% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.03% | +0.63% |
Volatility
XEI.TO vs. XFR.TO - Volatility Comparison
iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a higher volatility of 2.89% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that XEI.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEI.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 0.18% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 0.47% | +5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.24% | 0.72% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.24% | 0.82% | +10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 1.85% | +14.16% |
XEI.TO vs. XFR.TO - Expense Ratio Comparison
XEI.TO has a 0.22% expense ratio, which is higher than XFR.TO's 0.14% 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%.
Dividends
XEI.TO vs. XFR.TO - Dividend Comparison
XEI.TO's dividend yield for the trailing twelve months is around 3.53%, more than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.53% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
Frequently Asked Questions
XEI.TO and XFR.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.22% for XEI.TO.
XEI.TO is categorized as Canada Equities, while XFR.TO is Canadian Government Bonds. XEI.TO tracks S&P/TSX Composite High Dividend Index, while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.22% for XEI.TO and 0.14% for XFR.TO.
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