XFN.TO vs. RBNK.TO
XFN.TO (iShares S&P/TSX Capped Financials Index ETF) and RBNK.TO (RBC Canadian Bank Yield Index ETF) are both Financials Equities funds - XFN.TO tracks the Morningstar Gbl Fin Svc GR CAD while RBNK.TO tracks the Solactive Canada Bank Yield Index. Both are passively managed. Over the past 5 years, XFN.TO returned 16.93%/yr vs 17.57%/yr for RBNK.TO. Their correlation of 0.90 suggests significant overlap in exposure. XFN.TO charges 0.61%/yr vs 0.32%/yr for RBNK.TO.
Performance
XFN.TO vs. RBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFN.TO achieves a 12.51% return, which is significantly lower than RBNK.TO's 19.94% 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%
RBNK.TO
- 1D
- -0.56%
- 1M
- 6.40%
- YTD
- 19.94%
- 6M
- 24.92%
- 1Y
- 60.94%
- 3Y*
- 32.53%
- 5Y*
- 17.57%
- 10Y*
- —
XFN.TO vs. RBNK.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% | 2.23% |
RBNK.TO RBC Canadian Bank Yield Index ETF | 19.94% | 44.94% | 22.08% | 11.01% | -13.14% | 40.30% | 3.34% | 16.82% | -9.14% | 3.71% |
Correlation
The correlation between XFN.TO and RBNK.TO is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017 | 0.90 |
The correlation between XFN.TO and RBNK.TO has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
XFN.TO vs. RBNK.TO - Sectors Allocation Comparison
Sectors
XFN.TO
RBNK.TO
Financial Services
Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Healthcare
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Industrials
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Real Estate
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Technology
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Utilities
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Financial Services
XFN.TO
RBNK.TO
Basic Materials
XFN.TO
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RBNK.TO
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Communication Services
XFN.TO
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RBNK.TO
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Consumer Cyclical
XFN.TO
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RBNK.TO
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Consumer Defensive
XFN.TO
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RBNK.TO
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Energy
XFN.TO
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RBNK.TO
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Healthcare
XFN.TO
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RBNK.TO
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Industrials
XFN.TO
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RBNK.TO
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Real Estate
XFN.TO
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RBNK.TO
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Technology
XFN.TO
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RBNK.TO
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Utilities
XFN.TO
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RBNK.TO
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Return for Risk
XFN.TO vs. RBNK.TO — Risk / Return Rank
XFN.TO
RBNK.TO
XFN.TO vs. RBNK.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 RBC Canadian Bank Yield Index ETF (RBNK.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 | RBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.85 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 6.74 | -1.39 |
| Martin ratioReturn relative to average drawdown | 21.60 | 29.06 | -7.46 |
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
| XFN.TO | RBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 4.59 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.27 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.81 | -0.17 |
Drawdowns
XFN.TO vs. RBNK.TO - Drawdown Comparison
The maximum XFN.TO drawdown since its inception was -56.55%, which is greater than RBNK.TO's maximum drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for XFN.TO and RBNK.TO.
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Drawdown Indicators
| XFN.TO | RBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.55% | -39.08% | -17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -9.08% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | -14.87% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -28.64% | +6.74% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.37% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -6.60% | -7.55% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.10% | -0.17% |
Volatility
XFN.TO vs. RBNK.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Capped Financials Index ETF (XFN.TO) is 4.19%, while RBC Canadian Bank Yield Index ETF (RBNK.TO) has a volatility of 5.06%. This indicates that XFN.TO experiences smaller price fluctuations and is considered to be less risky than RBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFN.TO | RBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 5.06% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 11.66% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 13.33% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 13.90% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 18.21% | -1.68% |
XFN.TO vs. RBNK.TO - Expense Ratio Comparison
XFN.TO has a 0.61% expense ratio, which is higher than RBNK.TO's 0.32% expense ratio.
Dividends
XFN.TO vs. RBNK.TO - Dividend Comparison
XFN.TO's dividend yield for the trailing twelve months is around 2.17%, less than RBNK.TO's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBNK.TO RBC Canadian Bank Yield Index ETF | 2.97% | 3.39% | 4.50% | 4.77% | 4.49% | 3.07% | 4.18% | 3.86% | 4.06% | 0.56% | 0.00% | 0.00% |
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 RBNK.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RBNK.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RBNK.TO is cheaper with a 0.32% expense ratio, compared with 0.61% for XFN.TO.
XFN.TO tracks Morningstar Gbl Fin Svc GR CAD, while RBNK.TO tracks Solactive Canada Bank Yield Index. They also come from different issuers: iShares and RBC. Their fees differ too: 0.61% for XFN.TO and 0.32% for RBNK.TO.
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