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

XIC.TO vs. FEZ

Last updated Jun 9, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and FEZ (SPDR EURO STOXX 50 ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index. Both are passively managed. Over the past 10 years, XIC.TO returned 12.53%/yr vs 11.68%/yr for FEZ. A 0.59 correlation means they provide meaningful diversification when combined. XIC.TO charges 0.06%/yr vs 0.29%/yr for FEZ.

Performance

XIC.TO vs. FEZ - 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 SPDR EURO STOXX 50 ETF (FEZ). 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 FEZ is traded in USD. To make them comparable, the FEZ 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 higher than FEZ's 6.59% return. Over the past 10 years, XIC.TO has outperformed FEZ with an annualized return of 12.53%, while FEZ has yielded a comparatively lower 11.68% 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%

FEZ

1D
0.91%
1M
2.41%
YTD
6.59%
6M
7.34%
1Y
17.54%
3Y*
19.45%
5Y*
12.92%
10Y*
11.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. FEZ - 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%
FEZ
SPDR EURO STOXX 50 ETF		6.59%31.52%12.34%24.14%-8.84%14.79%2.35%20.85%-8.78%16.35%

Correlation

The correlation between XIC.TO and FEZ is 0.55, 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

0.55

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

0.57

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

0.62

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

0.60

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

0.59

The correlation between XIC.TO and FEZ has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.

XIC.TO vs. FEZ - Sectors Allocation Comparison

Sectors
XIC.TO
FEZ

Financial Services

33.8%
25.1%

Basic Materials

17.7%
3.7%

Energy

17.3%
5.2%

Industrials

10.2%
22.1%

Technology

7.1%
16.1%

Consumer Cyclical

3.8%
9.8%

Consumer Defensive

2.8%
5.5%

Utilities

2.8%
4.8%

Communication Services

1.8%
2.3%

Real Estate

1.5%

-

Healthcare

0.1%
5.4%

Financial Services

XIC.TO
33.8%
FEZ
25.1%

Basic Materials

XIC.TO
17.7%
FEZ
3.7%

Energy

XIC.TO
17.3%
FEZ
5.2%

Industrials

XIC.TO
10.2%
FEZ
22.1%

Technology

XIC.TO
7.1%
FEZ
16.1%

Consumer Cyclical

XIC.TO
3.8%
FEZ
9.8%

Consumer Defensive

XIC.TO
2.8%
FEZ
5.5%

Utilities

XIC.TO
2.8%
FEZ
4.8%

Communication Services

XIC.TO
1.8%
FEZ
2.3%

Real Estate

XIC.TO
1.5%
FEZ

-

Healthcare

XIC.TO
0.1%
FEZ
5.4%

Compare stocks, funds, or ETFs

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

iShares Core S&P/TSX Capped Composite Index ETF

SPDR EURO STOXX 50 ETF

Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. VO
Often compared with FEZ:
FEZ vs. VGKFEZ vs. IEURFEZ vs. EZUFEZ vs. IEVFEZ vs. VOOFEZ vs. EWQFEZ vs. EWN

Return for Risk

XIC.TO vs. FEZ — 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
FEZ
FEZ Risk / Return Rank: 2626
Overall Rank
FEZ Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FEZ Sortino Ratio Rank: 2525
Sortino Ratio Rank
FEZ Omega Ratio Rank: 2525
Omega Ratio Rank
FEZ Calmar Ratio Rank: 2626
Calmar Ratio Rank
FEZ Martin Ratio Rank: 2929
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. FEZ - 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 SPDR EURO STOXX 50 ETF (FEZ). 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.TOFEZDifference
Sharpe ratioReturn per unit of total volatility
2.61
0.95

+1.66

Sortino ratioReturn per unit of downside risk
3.35
1.44

+1.91

Omega ratioGain probability vs. loss probability

1.47

1.17

+0.30

Calmar ratioReturn relative to maximum drawdown

3.63

1.33

+2.30

Martin ratioReturn relative to average drawdown

16.76

4.49

+12.28

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. FEZ - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.61, which is higher than the FEZ Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of XIC.TO and FEZ, 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.TOFEZDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

0.95

+1.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

0.60

+0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.53

+0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.29

+0.27

Drawdowns

XIC.TO vs. FEZ - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, smaller than the maximum FEZ drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for XIC.TO and FEZ.

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Drawdown Indicators

XIC.TOFEZDifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-53.81%

+6.54%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-13.25%

+3.96%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-16.21%

+3.94%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-28.89%

+12.65%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-33.95%

-3.26%

Current Drawdown

Current decline from peak

-2.06%

-1.27%

-0.79%

Average Drawdown

Average peak-to-trough decline

-6.72%

-13.55%

+6.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

3.92%

-1.91%

Volatility

XIC.TO vs. FEZ - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 4.28%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 5.93%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIC.TOFEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.28%

5.93%

-1.65%

Volatility (6M)

Calculated over the trailing 6-month period

10.63%

15.44%

-4.81%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

18.51%

-5.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.19%

21.52%

-8.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

22.00%

-7.02%

XIC.TO vs. FEZ - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than FEZ's 0.29% expense ratio.

Dividends

XIC.TO vs. FEZ - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.04%, less than FEZ's 2.58% yield.

PositionTTM20252024202320222021202020192018201720162015
FEZ
SPDR EURO STOXX 50 ETF		2.58%2.78%2.94%2.75%3.06%2.61%2.13%2.61%3.45%2.44%3.35%3.03%
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 FEZ have a correlation of 0.55, 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 0.29% for FEZ.

XIC.TO is categorized as Canada Equities, while FEZ is Europe Equities. XIC.TO tracks S&P/TSX Capped Composite Index, while FEZ tracks EURO STOXX 50 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.06% for XIC.TO and 0.29% for FEZ.

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