XIC.TO vs. HISA.NEO
XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and HISA.NEO (Evolve High Interest Savings Account ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while HISA.NEO is a Money Market fund actively managed by Evolve. XIC.TO is passively managed, while HISA.NEO is actively managed. Over the past 5 years, XIC.TO returned 14.56%/yr vs 3.19%/yr for HISA.NEO. Their 0.00 correlation means their historical movements had little consistent relationship. XIC.TO charges 0.06%/yr vs 0.15%/yr for HISA.NEO.
Performance
XIC.TO vs. HISA.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XIC.TO achieves a 12.55% return, which is significantly higher than HISA.NEO's 1.19% return.
XIC.TO
- 1D
- -0.76%
- 1M
- 0.04%
- 6M
- 10.65%
- YTD
- 12.55%
- 1Y
- 33.33%
- 3Y*
- 23.01%
- 5Y*
- 14.56%
- 10Y*
- 12.41%
- ALL TIME*
- 9.28%
HISA.NEO
- 1D
- 0.02%
- 1M
- 0.17%
- 6M
- 1.06%
- YTD
- 1.19%
- 1Y
- 2.20%
- 3Y*
- 3.51%
- 5Y*
- 3.19%
- 10Y*
- —
- ALL TIME*
- 2.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$99.59M | CA$46.46M | CA$52.98M | |
| CA$23.72M | CA$28.51M | CA$27.00M |
XIC.TO vs. HISA.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 12.55% | 31.51% | 21.48% | 11.74% | -5.82% | 23.43% | 5.61% | 0.69% |
HISA.NEO Evolve High Interest Savings Account ETF | 1.19% | 2.54% | 4.58% | 5.11% | 2.35% | 0.57% | 0.88% | 0.56% |
Correlation
The correlation between XIC.TO and HISA.NEO is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2019 | 0.00 |
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Return for Risk
XIC.TO vs. HISA.NEO — Risk / Return Rank
XIC.TO
HISA.NEO
XIC.TO vs. HISA.NEO - 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 Evolve High Interest Savings Account ETF (HISA.NEO). 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.
| XIC.TO | HISA.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -5.37 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 5.42 | -3.99 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 12.40 | -8.93 |
| Martin ratioReturn relative to average drawdown | 15.70 | 102.56 | -86.86 |
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Drawdowns
XIC.TO vs. HISA.NEO - Drawdown Comparison
The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than HISA.NEO's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for XIC.TO and HISA.NEO.
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Drawdown Indicators
| XIC.TO | HISA.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -0.22% | -47.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -0.18% | -9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -0.22% | -12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -0.22% | -16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | 0.00% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -6.72% | 0.00% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.02% | +2.03% |
Volatility
XIC.TO vs. HISA.NEO - Volatility Comparison
iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a higher volatility of 3.10% compared to Evolve High Interest Savings Account ETF (HISA.NEO) at 0.05%. This indicates that XIC.TO's price experiences larger fluctuations and is considered to be riskier than HISA.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIC.TO | HISA.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 0.05% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 0.29% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.34% | 0.42% | +12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 0.34% | +12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 0.39% | +14.57% |
XIC.TO vs. HISA.NEO - Expense Ratio Comparison
XIC.TO has a 0.06% expense ratio, which is lower than HISA.NEO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XIC.TO vs. HISA.NEO - Dividend Comparison
XIC.TO's dividend yield for the trailing twelve months is around 2.00%, less than HISA.NEO's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HISA.NEO Evolve High Interest Savings Account ETF | 2.18% | 2.53% | 4.43% | 5.03% | 2.28% | 0.57% | 0.90% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.00% | 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 HISA.NEO have a correlation of 0.01, 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 0.15% for HISA.NEO.
XIC.TO is categorized as Canada Equities, while HISA.NEO is Money Market. They also come from different issuers: iShares and Evolve. Their fees differ too: 0.06% for XIC.TO and 0.15% for HISA.NEO.
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