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XIC.TO vs. DXJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIC.TO vs. DXJ

Last updated Jun 9, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, XIC.TO returned 12.53%/yr vs 19.32%/yr for DXJ. At a 0.45 correlation, their price movements are largely independent. XIC.TO charges 0.06%/yr vs 0.48%/yr for DXJ.

Performance

XIC.TO vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XIC.TO achieves a 9.79% return, which is significantly lower than DXJ's 20.01% return. Over the past 10 years, XIC.TO has underperformed DXJ with an annualized return of 12.53%, while DXJ has yielded a comparatively higher 19.32% annualized return.

XIC.TO

1D
0.27%
1M
1.36%
YTD
9.79%
6M
11.86%
1Y
33.59%
3Y*
23.51%
5Y*
14.41%
10Y*
12.53%

DXJ

1D
0.67%
1M
4.12%
YTD
20.01%
6M
21.97%
1Y
54.44%
3Y*
33.66%
5Y*
29.53%
10Y*
19.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. DXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		9.79%31.51%21.48%11.74%-5.82%23.43%5.61%22.76%-8.72%8.99%
DXJ
WisdomTree Japan Hedged Equity Fund		20.01%26.72%40.82%38.66%12.68%17.93%1.47%14.04%-13.04%14.49%

Correlation

The correlation between XIC.TO and DXJ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.46

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

0.49

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

0.51

Correlation (All Time)
Calculated using the full available price history since Jul 7, 2006

0.45

The correlation between XIC.TO and DXJ has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

XIC.TO vs. DXJ - Sectors Allocation Comparison

Sectors
XIC.TO
DXJ

Financial Services

33.8%
18.3%

Basic Materials

17.7%
8.5%

Energy

17.3%
1.7%

Industrials

10.2%
27.4%

Technology

7.1%
12.9%

Consumer Cyclical

3.8%
15.6%

Consumer Defensive

2.8%
4.7%

Utilities

2.8%
0.1%

Communication Services

1.8%
2.7%

Real Estate

1.5%

-

Healthcare

0.1%
6.8%

Financial Services

XIC.TO
33.8%
DXJ
18.3%

Basic Materials

XIC.TO
17.7%
DXJ
8.5%

Energy

XIC.TO
17.3%
DXJ
1.7%

Industrials

XIC.TO
10.2%
DXJ
27.4%

Technology

XIC.TO
7.1%
DXJ
12.9%

Consumer Cyclical

XIC.TO
3.8%
DXJ
15.6%

Consumer Defensive

XIC.TO
2.8%
DXJ
4.7%

Utilities

XIC.TO
2.8%
DXJ
0.1%

Communication Services

XIC.TO
1.8%
DXJ
2.7%

Real Estate

XIC.TO
1.5%
DXJ

-

Healthcare

XIC.TO
0.1%
DXJ
6.8%

Compare stocks, funds, or ETFs

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iShares Core S&P/TSX Capped Composite Index ETF

WisdomTree Japan Hedged Equity Fund

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Often compared with DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP

Return for Risk

XIC.TO vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIC.TO
XIC.TO Risk / Return Rank: 8484
Overall Rank
XIC.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8686
Martin Ratio Rank
DXJ
DXJ Risk / Return Rank: 9090
Overall Rank
DXJ Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9191
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9090
Omega Ratio Rank
DXJ Calmar Ratio Rank: 8888
Calmar Ratio Rank
DXJ Martin Ratio Rank: 8989
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.

XIC.TO vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.

XIC.TODXJDifference
Sharpe ratioReturn per unit of total volatility
2.61
3.05

-0.45

Sortino ratioReturn per unit of downside risk
3.35
4.06

-0.71

Omega ratioGain probability vs. loss probability

1.47

1.53

-0.07

Calmar ratioReturn relative to maximum drawdown

3.63

5.09

-1.46

Martin ratioReturn relative to average drawdown

16.76

19.22

-2.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIC.TO vs. DXJ - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.61, which is comparable to the DXJ Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of XIC.TO and DXJ, 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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Sharpe Ratios by Period

XIC.TODXJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

3.05

-0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

1.48

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.91

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.47

+0.09

Drawdowns

XIC.TO vs. DXJ - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, smaller than the maximum DXJ drawdown of -51.50%. Use the drawdown chart below to compare losses from any high point for XIC.TO and DXJ.

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Drawdown Indicators

XIC.TODXJDifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-51.50%

+4.23%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-10.75%

+1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-20.75%

+8.48%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-20.75%

+4.51%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-32.56%

-4.65%

Current Drawdown

Current decline from peak

-2.06%

-1.70%

-0.36%

Average Drawdown

Average peak-to-trough decline

-6.72%

-15.96%

+9.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.84%

-0.83%

Volatility

XIC.TO vs. DXJ - Volatility Comparison

iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and WisdomTree Japan Hedged Equity Fund (DXJ) have volatilities of 4.28% and 4.44%, 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.

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Volatility by Period

XIC.TODXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.28%

4.44%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

10.63%

13.85%

-3.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

17.95%

-4.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.19%

20.04%

-6.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

21.26%

-6.28%

XIC.TO vs. DXJ - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

XIC.TO vs. DXJ - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.04%, more than DXJ's 1.10% yield.

PositionTTM20252024202320222021202020192018201720162015
DXJ
WisdomTree Japan Hedged Equity Fund		1.10%1.29%3.48%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.04%2.23%2.64%2.96%3.10%2.45%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

XIC.TO and DXJ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.48% for DXJ.

XIC.TO is categorized as Canada Equities, while DXJ is Japan Equities. XIC.TO tracks S&P/TSX Capped Composite Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.06% for XIC.TO and 0.48% for DXJ.

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