XFN.TO vs. CDZ.TO
Compare and contrast key facts about iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO).
XFN.TO and CDZ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XFN.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Fin Svc GR CAD. It was launched on Mar 23, 2001. CDZ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Sep 8, 2006. Both XFN.TO and CDZ.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: XFN.TO or CDZ.TO.
Key characteristics
| XFN.TO | CDZ.TO | |
|---|---|---|
| YTD Return | 23.50% | 20.39% |
| 1Y Return | 38.89% | 30.22% |
| 3Y Return (Ann) | 8.70% | 7.14% |
| 5Y Return (Ann) | 11.20% | 9.34% |
| 10Y Return (Ann) | 9.75% | 7.65% |
| Sharpe Ratio | 3.76 | 3.38 |
| Sortino Ratio | 5.12 | 4.82 |
| Omega Ratio | 1.70 | 1.63 |
| Calmar Ratio | 0.41 | 3.01 |
| Martin Ratio | 24.72 | 25.37 |
| Ulcer Index | 1.65% | 1.26% |
| Daily Std Dev | 10.79% | 9.42% |
| Max Drawdown | -100.00% | -49.12% |
| Current Drawdown | -99.99% | -1.50% |
Correlation
The correlation between XFN.TO and CDZ.TO is 0.85, 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
XFN.TO vs. CDZ.TO - Performance Comparison
In the year-to-date period, XFN.TO achieves a 23.50% return, which is significantly higher than CDZ.TO's 20.39% return. Over the past 10 years, XFN.TO has outperformed CDZ.TO with an annualized return of 9.75%, while CDZ.TO has yielded a comparatively lower 7.65% annualized return. 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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XFN.TO vs. CDZ.TO - Expense Ratio Comparison
XFN.TO has a 0.61% expense ratio, which is lower than CDZ.TO's 0.66% expense ratio.
Risk-Adjusted Performance
XFN.TO vs. CDZ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.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
XFN.TO vs. CDZ.TO - Dividend Comparison
XFN.TO's dividend yield for the trailing twelve months is around 3.36%, less than CDZ.TO's 3.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 3.36% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% | 2.95% | 2.86% |
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 3.65% | 3.92% | 3.89% | 3.12% | 3.92% | 3.90% | 4.62% | 3.63% | 3.71% | 3.94% | 7.64% | 3.42% |
Drawdowns
XFN.TO vs. CDZ.TO - Drawdown Comparison
The maximum XFN.TO drawdown since its inception was -100.00%, which is greater than CDZ.TO's maximum drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for XFN.TO and CDZ.TO. For additional features, visit the drawdowns tool.
Volatility
XFN.TO vs. CDZ.TO - Volatility Comparison
iShares S&P/TSX Capped Financials Index ETF (XFN.TO) has a higher volatility of 2.92% compared to iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) at 2.48%. This indicates that XFN.TO's price experiences larger fluctuations and is considered to be riskier than CDZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.