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XFN.TO vs. VTV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XFN.TO vs. VTV

Last updated Jun 14, 2026

XFN.TO (iShares S&P/TSX Capped Financials Index ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - XFN.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, XFN.TO returned 15.21%/yr vs 13.75%/yr for VTV. A 0.59 correlation means they provide meaningful diversification when combined. XFN.TO charges 0.61%/yr vs 0.04%/yr for VTV.

Performance

XFN.TO vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Financials Index ETF (XFN.TO) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XFN.TO achieves a 17.97% return, which is significantly higher than VTV's 16.61% return. Over the past 10 years, XFN.TO has outperformed VTV with an annualized return of 15.21%, while VTV has yielded a comparatively lower 13.75% annualized return.

XFN.TO

1D
0.81%
1M
7.31%
YTD
17.97%
6M
19.57%
1Y
49.33%
3Y*
31.45%
5Y*
18.22%
10Y*
15.21%

VTV

1D
1.12%
1M
5.89%
YTD
16.61%
6M
15.61%
1Y
31.43%
3Y*
19.93%
5Y*
15.04%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XFN.TO vs. VTV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XFN.TO
iShares S&P/TSX Capped Financials Index ETF		17.97%34.40%29.32%13.09%-9.92%35.57%0.99%20.66%-9.76%12.54%
VTV
Vanguard Value ETF		16.61%10.01%25.77%6.71%4.12%26.47%-0.10%20.48%2.47%9.21%

Correlation

The correlation between XFN.TO and VTV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.59

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

0.60

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

0.63

Correlation (10Y)
Calculated over the trailing 10-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.59

The correlation between XFN.TO and VTV has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

XFN.TO vs. VTV - Sectors Allocation Comparison

Sectors
XFN.TO
VTV

Financial Services

100.0%
22.3%

Basic Materials

-

3.1%

Communication Services

-

3.3%

Consumer Cyclical

-

4.0%

Consumer Defensive

-

9.4%

Energy

-

8.1%

Healthcare

-

14.5%

Industrials

-

14.0%

Real Estate

-

2.8%

Technology

-

13.4%

Utilities

-

5.2%

Financial Services

XFN.TO
100.0%
VTV
22.3%

Basic Materials

XFN.TO

-

VTV
3.1%

Communication Services

XFN.TO

-

VTV
3.3%

Consumer Cyclical

XFN.TO

-

VTV
4.0%

Consumer Defensive

XFN.TO

-

VTV
9.4%

Energy

XFN.TO

-

VTV
8.1%

Healthcare

XFN.TO

-

VTV
14.5%

Industrials

XFN.TO

-

VTV
14.0%

Real Estate

XFN.TO

-

VTV
2.8%

Technology

XFN.TO

-

VTV
13.4%

Utilities

XFN.TO

-

VTV
5.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped Financials Index ETF

Vanguard Value ETF

Often compared with XFN.TO:
XFN.TO vs. VDY.TOXFN.TO vs. CEW.TOXFN.TO vs. FIE.TOXFN.TO vs. XIU.TOXFN.TO vs. VFV.TOXFN.TO vs. RY.TOXFN.TO vs. XUS-U.TO
Often compared with VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG

Return for Risk

XFN.TO vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XFN.TO
XFN.TO Risk / Return Rank: 9595
Overall Rank
XFN.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XFN.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
XFN.TO Omega Ratio Rank: 9696
Omega Ratio Rank
XFN.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
XFN.TO Martin Ratio Rank: 9595
Martin Ratio Rank
VTV
VTV Risk / Return Rank: 8888
Overall Rank
VTV Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 9090
Sortino Ratio Rank
VTV Omega Ratio Rank: 8787
Omega Ratio Rank
VTV Calmar Ratio Rank: 8787
Calmar Ratio Rank
VTV Martin Ratio Rank: 8787
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.

XFN.TO vs. VTV - 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 Vanguard Value ETF (VTV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XFN.TOVTVDifference
Sharpe ratioReturn per unit of total volatility
3.95
2.65

+1.30

Sortino ratioReturn per unit of downside risk
5.49
3.82

+1.67

Omega ratioGain probability vs. loss probability

1.70

1.47

+0.23

Calmar ratioReturn relative to maximum drawdown

6.20

5.21

+0.99

Martin ratioReturn relative to average drawdown

25.03

19.15

+5.88

XFN.TO vs. VTV - Sharpe Ratio Comparison

The current XFN.TO Sharpe Ratio is 3.95, which is higher than the VTV Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of XFN.TO and VTV, 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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Drawdowns

XFN.TO vs. VTV - Drawdown Comparison

The maximum XFN.TO drawdown since its inception was -55.53%, which is greater than VTV's maximum drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for XFN.TO and VTV.

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Drawdown Indicators

XFN.TOVTVDifference

Max Drawdown

Largest peak-to-trough decline

-55.53%

-52.38%

-3.15%

Max Drawdown (1Y)

Largest decline over 1 year

-7.80%

-5.74%

-2.06%

Max Drawdown (3Y)

Largest decline over 3 years

-12.37%

-15.12%

+2.75%

Max Drawdown (5Y)

Largest decline over 5 years

-21.90%

-15.12%

-6.78%

Max Drawdown (10Y)

Largest decline over 10 years

-39.93%

-31.22%

-8.71%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.95%

-9.15%

+2.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.56%

+0.37%

Volatility

XFN.TO vs. VTV - Volatility Comparison

iShares S&P/TSX Capped Financials Index ETF (XFN.TO) has a higher volatility of 4.08% compared to Vanguard Value ETF (VTV) at 3.58%. This indicates that XFN.TO's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XFN.TOVTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

3.58%

+0.50%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

8.63%

+1.57%

Volatility (1Y)

Calculated over the trailing 1-year period

12.24%

11.27%

+0.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.50%

15.09%

-1.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.54%

17.74%

-1.20%

XFN.TO vs. VTV - Expense Ratio Comparison

XFN.TO has a 0.61% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

XFN.TO vs. VTV - Dividend Comparison

XFN.TO's dividend yield for the trailing twelve months is around 2.07%, more than VTV's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
VTV
Vanguard Value ETF		1.83%2.05%2.31%2.46%2.52%2.15%2.56%2.50%2.73%2.29%2.44%2.60%
XFN.TO
iShares S&P/TSX Capped Financials Index ETF		2.07%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 VTV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VTV is cheaper with a 0.04% expense ratio, compared with 0.61% for XFN.TO.

XFN.TO is categorized as Financials Equities, while VTV is Large Cap Value Equities. XFN.TO tracks Morningstar Gbl Fin Svc GR CAD, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.61% for XFN.TO and 0.04% for VTV.

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