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XEN.TO vs. HYXF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEN.TO vs. HYXF

Last updated Jun 5, 2026

XEN.TO (iShares Jantzi Social Index ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - XEN.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, XEN.TO returned 15.45%/yr vs 6.66%/yr for HYXF. At a 0.10 correlation, their price movements are largely independent. XEN.TO charges 0.55%/yr vs 0.35%/yr for HYXF.

Performance

XEN.TO vs. HYXF - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Jantzi Social Index ETF (XEN.TO) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XEN.TO achieves a 10.45% return, which is significantly higher than HYXF's 2.40% return.

XEN.TO

1D
0.70%
1M
4.07%
YTD
10.45%
6M
10.76%
1Y
35.69%
3Y*
23.12%
5Y*
15.45%
10Y*
12.35%

HYXF

1D
0.20%
1M
2.42%
YTD
2.40%
6M
1.22%
1Y
7.56%
3Y*
9.95%
5Y*
6.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEN.TO vs. HYXF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEN.TO
iShares Jantzi Social Index ETF		10.45%34.17%16.91%12.18%-3.37%28.00%-0.30%17.34%-7.93%10.65%
HYXF
iShares ESG Advanced High Yield Corporate Bond ETF		2.40%3.88%17.66%9.41%-5.62%1.67%4.27%9.23%8.22%0.08%

Correlation

The correlation between XEN.TO and HYXF is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.18

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

0.10

Correlation (All Time)
Calculated using the full available price history since Jun 20, 2016

0.10

The correlation between XEN.TO and HYXF shifts across timeframes, from 0.10 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

XEN.TO vs. HYXF - Sectors Allocation Comparison

Sectors
XEN.TO
HYXF

Financial Services

34.8%

-

Energy

18.6%

-

Basic Materials

18.3%

-

Industrials

10.0%

-

Technology

8.1%

-

Consumer Cyclical

3.3%

-

Consumer Defensive

3.1%

-

Utilities

2.6%

-

Communication Services

0.8%
100.0%

Real Estate

0.4%

-

Healthcare

-

-

Financial Services

XEN.TO
34.8%
HYXF

-

Energy

XEN.TO
18.6%
HYXF

-

Basic Materials

XEN.TO
18.3%
HYXF

-

Industrials

XEN.TO
10.0%
HYXF

-

Technology

XEN.TO
8.1%
HYXF

-

Consumer Cyclical

XEN.TO
3.3%
HYXF

-

Consumer Defensive

XEN.TO
3.1%
HYXF

-

Utilities

XEN.TO
2.6%
HYXF

-

Communication Services

XEN.TO
0.8%
HYXF
100.0%

Real Estate

XEN.TO
0.4%
HYXF

-

Healthcare

XEN.TO

-

HYXF

-

Compare stocks, funds, or ETFs

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iShares Jantzi Social Index ETF

iShares ESG Advanced High Yield Corporate Bond ETF

Often compared with XEN.TO:
XEN.TO vs. GEQT.TOXEN.TO vs. XCSR.TOXEN.TO vs. XDSR.TOXEN.TO vs. VFV.TOXEN.TO vs. DMEC.TOXEN.TO vs. XIU.TOXEN.TO vs. XIC.TO
Often compared with HYXF:
HYXF vs. EUSBHYXF vs. ARTFXHYXF vs. USHYHYXF vs. SRLNHYXF vs. FDHYHYXF vs. SGOVHYXF vs. BSJP

Return for Risk

XEN.TO vs. HYXF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEN.TO
XEN.TO Risk / Return Rank: 8686
Overall Rank
XEN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XEN.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XEN.TO Omega Ratio Rank: 8888
Omega Ratio Rank
XEN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XEN.TO Martin Ratio Rank: 8888
Martin Ratio Rank
HYXF
HYXF Risk / Return Rank: 4949
Overall Rank
HYXF Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
HYXF Sortino Ratio Rank: 4848
Sortino Ratio Rank
HYXF Omega Ratio Rank: 4646
Omega Ratio Rank
HYXF Calmar Ratio Rank: 4646
Calmar Ratio Rank
HYXF Martin Ratio Rank: 5858
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.

XEN.TO vs. HYXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Jantzi Social Index ETF (XEN.TO) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.

XEN.TOHYXFDifference
Sharpe ratioReturn per unit of total volatility
2.91
1.47

+1.44

Sortino ratioReturn per unit of downside risk
3.87
2.07

+1.81

Omega ratioGain probability vs. loss probability

1.54

1.27

+0.27

Calmar ratioReturn relative to maximum drawdown

4.19

2.09

+2.10

Martin ratioReturn relative to average drawdown

18.92

5.42

+13.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEN.TO vs. HYXF - Sharpe Ratio Comparison

The current XEN.TO Sharpe Ratio is 2.91, which is higher than the HYXF Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of XEN.TO and HYXF, 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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Sharpe Ratios by Period

XEN.TOHYXFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

1.47

+1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

0.84

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.68

-0.25

Drawdowns

XEN.TO vs. HYXF - Drawdown Comparison

The maximum XEN.TO drawdown since its inception was -49.69%, which is greater than HYXF's maximum drawdown of -14.73%. Use the drawdown chart below to compare losses from any high point for XEN.TO and HYXF.

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Drawdown Indicators

XEN.TOHYXFDifference

Max Drawdown

Largest peak-to-trough decline

-49.69%

-14.73%

-34.96%

Max Drawdown (1Y)

Largest decline over 1 year

-8.55%

-3.62%

-4.93%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-7.25%

-6.06%

Max Drawdown (5Y)

Largest decline over 5 years

-17.79%

-14.73%

-3.06%

Max Drawdown (10Y)

Largest decline over 10 years

-36.24%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.65%

-2.89%

-4.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.40%

+0.49%

Volatility

XEN.TO vs. HYXF - Volatility Comparison

iShares Jantzi Social Index ETF (XEN.TO) has a higher volatility of 2.53% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.10%. This indicates that XEN.TO's price experiences larger fluctuations and is considered to be riskier than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEN.TOHYXFDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.53%

1.10%

+1.43%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

4.06%

+5.82%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

5.16%

+7.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

7.92%

+5.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

8.67%

+6.40%

XEN.TO vs. HYXF - Expense Ratio Comparison

XEN.TO has a 0.55% expense ratio, which is higher than HYXF's 0.35% expense ratio.

Dividends

XEN.TO vs. HYXF - Dividend Comparison

XEN.TO's dividend yield for the trailing twelve months is around 1.67%, less than HYXF's 6.09% yield.

PositionTTM20252024202320222021202020192018201720162015
HYXF
iShares ESG Advanced High Yield Corporate Bond ETF		6.09%6.19%6.40%5.93%5.37%4.56%4.96%5.29%6.14%5.85%3.16%0.00%
XEN.TO
iShares Jantzi Social Index ETF		1.67%1.83%2.29%2.46%2.60%1.73%3.72%2.13%2.31%1.75%2.07%2.57%

Frequently Asked Questions

XEN.TO and HYXF have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HYXF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HYXF is cheaper with a 0.35% expense ratio, compared with 0.55% for XEN.TO.

XEN.TO is categorized as Canada Equities, while HYXF is High Yield Bonds. XEN.TO tracks Morningstar Canada GR CAD, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Their fees differ too: 0.55% for XEN.TO and 0.35% for HYXF.

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