XFN.TO vs. CIC.TO
XFN.TO (iShares S&P/TSX Capped Financials Index ETF) and CIC.TO (CI Canadian Banks Covered Call Income Class ETF) are both Financials Equities funds. XFN.TO is passively managed, while CIC.TO is actively managed. Over the past 10 years, XFN.TO returned 14.38%/yr vs 12.90%/yr for CIC.TO. A 0.75 correlation means they provide meaningful diversification when combined. XFN.TO charges 0.61%/yr vs 0.87%/yr for CIC.TO.
Performance
XFN.TO vs. CIC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XFN.TO achieves a 12.51% return, which is significantly lower than CIC.TO's 16.07% return. Over the past 10 years, XFN.TO has outperformed CIC.TO with an annualized return of 14.38%, while CIC.TO has yielded a comparatively lower 12.90% annualized return.
XFN.TO
- 1D
- -0.55%
- 1M
- 5.10%
- YTD
- 12.51%
- 6M
- 17.66%
- 1Y
- 41.54%
- 3Y*
- 29.67%
- 5Y*
- 16.93%
- 10Y*
- 14.38%
CIC.TO
- 1D
- -0.40%
- 1M
- 4.82%
- YTD
- 16.07%
- 6M
- 20.80%
- 1Y
- 49.89%
- 3Y*
- 26.94%
- 5Y*
- 14.52%
- 10Y*
- 12.90%
XFN.TO vs. CIC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 12.51% | 34.40% | 29.32% | 13.09% | -9.92% | 35.57% | 0.99% | 20.66% | -9.76% | 12.54% |
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 16.07% | 36.24% | 21.30% | 6.58% | -10.99% | 33.76% | 1.89% | 14.12% | -8.88% | 12.14% |
Correlation
The correlation between XFN.TO and CIC.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2010 | 0.75 |
The correlation between XFN.TO and CIC.TO shifts across timeframes, from 0.75 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
XFN.TO vs. CIC.TO - Sectors Allocation Comparison
Sectors
XFN.TO
CIC.TO
Financial Services
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Financial Services
XFN.TO
CIC.TO
Basic Materials
XFN.TO
-
CIC.TO
-
Communication Services
XFN.TO
-
CIC.TO
-
Consumer Cyclical
XFN.TO
-
CIC.TO
-
Consumer Defensive
XFN.TO
-
CIC.TO
-
Energy
XFN.TO
-
CIC.TO
-
Healthcare
XFN.TO
-
CIC.TO
-
Industrials
XFN.TO
-
CIC.TO
-
Real Estate
XFN.TO
-
CIC.TO
-
Technology
XFN.TO
-
CIC.TO
-
Utilities
XFN.TO
-
CIC.TO
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XFN.TO vs. CIC.TO — Risk / Return Rank
XFN.TO
CIC.TO
XFN.TO vs. CIC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.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.
| XFN.TO | CIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.87 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 6.09 | -0.74 |
| Martin ratioReturn relative to average drawdown | 21.60 | 28.56 | -6.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XFN.TO | CIC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 4.45 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.15 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.80 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.69 | -0.06 |
Drawdowns
XFN.TO vs. CIC.TO - Drawdown Comparison
The maximum XFN.TO drawdown since its inception was -56.55%, which is greater than CIC.TO's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for XFN.TO and CIC.TO.
Loading charts...
Drawdown Indicators
| XFN.TO | CIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.55% | -38.55% | -18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -8.23% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | -14.32% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -26.34% | +4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | -38.55% | -1.38% |
Current DrawdownCurrent decline from peak | -1.39% | -1.58% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -5.49% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.75% | +0.18% |
Volatility
XFN.TO vs. CIC.TO - Volatility Comparison
iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO) have volatilities of 4.19% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XFN.TO | CIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.00% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 9.95% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 11.26% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 12.75% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 16.29% | +0.24% |
XFN.TO vs. CIC.TO - Expense Ratio Comparison
XFN.TO has a 0.61% expense ratio, which is lower than CIC.TO's 0.87% expense ratio.
Dividends
XFN.TO vs. CIC.TO - Dividend Comparison
XFN.TO's dividend yield for the trailing twelve months is around 2.17%, less than CIC.TO's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 5.25% | 5.72% | 6.71% | 7.37% | 7.64% | 5.48% | 9.56% | 6.16% | 6.61% | 5.68% | 6.72% | 7.31% |
XFN.TO iShares S&P/TSX Capped Financials Index ETF | 2.17% | 2.39% | 3.16% | 3.60% | 3.48% | 2.67% | 3.35% | 3.00% | 3.43% | 2.73% | 2.83% | 3.17% |
Frequently Asked Questions
XFN.TO and CIC.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFN.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFN.TO is cheaper with a 0.61% expense ratio, compared with 0.87% for CIC.TO.
They also come from different issuers: iShares and CI. Their fees differ too: 0.61% for XFN.TO and 0.87% for CIC.TO.
Find the right allocation for XFN.TO and CIC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer