XFR.TO vs. XIN.TO

Last updated Jun 4, 2026

XFR.TO (iShares Floating Rate Index ETF) and XIN.TO (iShares MSCI EAFE Index ETF (CAD-Hedged)) are both exchange-traded funds - XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while XIN.TO is a Global Equities fund tracking the MSCI EAFE 100% Hedged to CAD Index. Both are passively managed. Over the past 10 years, XFR.TO returned 2.24%/yr vs 12.75%/yr for XIN.TO. At a 0.04 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.52%/yr for XIN.TO.

Performance

XFR.TO vs. XIN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Floating Rate Index ETF (XFR.TO) and iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XFR.TO achieves a 1.00% return, which is significantly lower than XIN.TO's 9.11% return. Over the past 10 years, XFR.TO has underperformed XIN.TO with an annualized return of 2.24%, while XIN.TO has yielded a comparatively higher 12.75% annualized return.

XFR.TO

• 1D: -0.05%
• 1M: 0.21%
• YTD: 1.00%
• 6M: 1.33%
• 1Y: 2.96%
• 3Y*: 3.98%
• 5Y*: 3.20%
• 10Y*: 2.24%

XIN.TO

• 1D: -0.52%
• 1M: 4.48%
• YTD: 9.11%
• 6M: 10.87%
• 1Y: 21.23%
• 3Y*: 16.54%
• 5Y*: 15.09%
• 10Y*: 12.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XFR.TO vs. XIN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XFR.TO iShares Floating Rate Index ETF	1.00%	3.33%	4.57%	5.29%	1.82%	0.15%	0.98%	2.23%	1.16%	1.46%
XIN.TO iShares MSCI EAFE Index ETF (CAD-Hedged)	9.11%	20.30%	14.27%	19.36%	1.59%	25.71%	-0.02%	24.88%	-10.05%	16.34%

Correlation

The correlation between XFR.TO and XIN.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011	0.04

Return for Risk

XFR.TO vs. XIN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XFR.TO

XFR.TO Risk / Return Rank: 98
XFR.TO Sharpe Ratio Rank: 96
XFR.TO Sortino Ratio Rank: 98
XFR.TO Omega Ratio Rank: 97
XFR.TO Calmar Ratio Rank: 99
XFR.TO Martin Ratio Rank: 98

XIN.TO

XIN.TO Risk / Return Rank: 48
XIN.TO Sharpe Ratio Rank: 47
XIN.TO Sortino Ratio Rank: 47
XIN.TO Omega Ratio Rank: 50
XIN.TO Calmar Ratio Rank: 44
XIN.TO Martin Ratio Rank: 52

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.

XFR.TO vs. XIN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) and iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.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.

	XFR.TO	XIN.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.12	1.66	+2.46
Sortino ratio: Return per unit of downside risk	6.98	2.37	+4.61
Omega ratio: Gain probability vs. loss probability	1.96	1.32	+0.65
Calmar ratio: Return relative to maximum drawdown	29.79	2.19	+27.60
Martin ratio: Return relative to average drawdown	88.61	8.95	+79.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFR.TO vs. XIN.TO - Sharpe Ratio Comparison

The current XFR.TO Sharpe Ratio is 4.12, which is higher than the XIN.TO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of XFR.TO and XIN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XFR.TO	XIN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.12	1.66	+2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.92	1.03	+2.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.22	0.78	+0.44
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.39	+0.80

Drawdowns

XFR.TO vs. XIN.TO - Drawdown Comparison

The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum XIN.TO drawdown of -58.14%. Use the drawdown chart below to compare losses from any high point for XFR.TO and XIN.TO.

Drawdown Indicators

	XFR.TO	XIN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.12%	-58.14%	+54.02%
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	-9.72%	+9.62%
Max Drawdown (3Y) Largest decline over 3 years	-0.30%	-14.23%	+13.93%
Max Drawdown (5Y) Largest decline over 5 years	-0.30%	-15.40%	+15.10%
Max Drawdown (10Y) Largest decline over 10 years	-4.12%	-33.68%	+29.56%
Current Drawdown Current decline from peak	-0.05%	-0.72%	+0.67%
Average Drawdown Average peak-to-trough decline	-0.06%	-12.36%	+12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	2.38%	-2.35%

Volatility

XFR.TO vs. XIN.TO - Volatility Comparison

The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 0.18%, while iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) has a volatility of 3.99%. This indicates that XFR.TO experiences smaller price fluctuations and is considered to be less risky than XIN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFR.TO	XIN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.18%	3.99%	-3.81%
Volatility (6M) Calculated over the trailing 6-month period	0.48%	10.68%	-10.20%
Volatility (1Y) Calculated over the trailing 1-year period	0.72%	12.83%	-12.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.82%	14.72%	-13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.85%	16.44%	-14.59%

XFR.TO vs. XIN.TO - Expense Ratio Comparison

XFR.TO has a 0.14% expense ratio, which is lower than XIN.TO's 0.52% expense ratio.

Dividends

XFR.TO vs. XIN.TO - Dividend Comparison

XFR.TO's dividend yield for the trailing twelve months is around 2.77%, more than XIN.TO's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XFR.TO iShares Floating Rate Index ETF	2.77%	3.23%	4.93%	4.91%	1.85%	0.30%	1.07%	1.96%	1.60%	0.95%	0.77%	0.94%
XIN.TO iShares MSCI EAFE Index ETF (CAD-Hedged)	2.66%	2.90%	2.66%	2.60%	2.27%	2.98%	2.15%	3.06%	3.43%	2.60%	2.90%	2.80%

Frequently Asked Questions

Can I hold both XFR.TO and XIN.TO in my portfolio?

XFR.TO and XIN.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XFR.TO or XIN.TO?

On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XFR.TO or XIN.TO?

XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.52% for XIN.TO.

What is the main difference between XFR.TO and XIN.TO?

XFR.TO is categorized as Canadian Government Bonds, while XIN.TO is Global Equities. XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while XIN.TO tracks MSCI EAFE 100% Hedged to CAD Index. Their fees differ too: 0.14% for XFR.TO and 0.52% for XIN.TO.