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

XIC.TO vs. IVLU

Last updated Jun 9, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and IVLU (iShares MSCI Intl Value Factor ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value. Both are passively managed. Over the past 10 years, XIC.TO returned 12.53%/yr vs 12.11%/yr for IVLU. A 0.59 correlation means they provide meaningful diversification when combined. XIC.TO charges 0.06%/yr vs 0.30%/yr for IVLU.

Performance

XIC.TO vs. IVLU - 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 iShares MSCI Intl Value Factor ETF (IVLU). 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 IVLU is traded in USD. To make them comparable, the IVLU 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 IVLU's 13.01% return. Both investments have delivered pretty close results over the past 10 years, with XIC.TO having a 12.53% annualized return and IVLU not far behind at 12.11%.

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%

IVLU

1D
0.73%
1M
2.13%
YTD
13.01%
6M
15.46%
1Y
35.33%
3Y*
25.11%
5Y*
17.00%
10Y*
12.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. IVLU - 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%
IVLU
iShares MSCI Intl Value Factor ETF		13.01%39.42%15.81%17.21%0.24%15.55%-6.76%10.84%-7.97%14.76%

Correlation

The correlation between XIC.TO and IVLU is 0.57, 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

0.57

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

0.62

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

0.64

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

0.62

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2015

0.59

The correlation between XIC.TO and IVLU has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

XIC.TO vs. IVLU - Sectors Allocation Comparison

Sectors
XIC.TO
IVLU

Financial Services

33.8%
25.3%

Basic Materials

17.7%
7.5%

Energy

17.3%
5.1%

Industrials

10.2%
17.2%

Technology

7.1%
11.3%

Consumer Cyclical

3.8%
7.4%

Consumer Defensive

2.8%
6.3%

Utilities

2.8%
3.3%

Communication Services

1.8%
4.0%

Real Estate

1.5%
1.5%

Healthcare

0.1%
9.7%

Financial Services

XIC.TO
33.8%
IVLU
25.3%

Basic Materials

XIC.TO
17.7%
IVLU
7.5%

Energy

XIC.TO
17.3%
IVLU
5.1%

Industrials

XIC.TO
10.2%
IVLU
17.2%

Technology

XIC.TO
7.1%
IVLU
11.3%

Consumer Cyclical

XIC.TO
3.8%
IVLU
7.4%

Consumer Defensive

XIC.TO
2.8%
IVLU
6.3%

Utilities

XIC.TO
2.8%
IVLU
3.3%

Communication Services

XIC.TO
1.8%
IVLU
4.0%

Real Estate

XIC.TO
1.5%
IVLU
1.5%

Healthcare

XIC.TO
0.1%
IVLU
9.7%

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

iShares MSCI Intl Value Factor 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 IVLU:
IVLU vs. DFIVIVLU vs. VXUSIVLU vs. FIVAIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX

Return for Risk

XIC.TO vs. IVLU — 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
IVLU
IVLU Risk / Return Rank: 6969
Overall Rank
IVLU Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7272
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7272
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6464
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. IVLU - 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 iShares MSCI Intl Value Factor ETF (IVLU). 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.TOIVLUDifference
Sharpe ratioReturn per unit of total volatility
2.61
2.26

+0.35

Sortino ratioReturn per unit of downside risk
3.35
3.07

+0.28

Omega ratioGain probability vs. loss probability

1.47

1.39

+0.07

Calmar ratioReturn relative to maximum drawdown

3.63

3.10

+0.54

Martin ratioReturn relative to average drawdown

16.76

11.82

+4.94

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. IVLU - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.61, which is comparable to the IVLU Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XIC.TO and IVLU, 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.TOIVLUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

2.26

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

0.97

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.65

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.49

+0.07

Drawdowns

XIC.TO vs. IVLU - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than IVLU's maximum drawdown of -34.14%. Use the drawdown chart below to compare losses from any high point for XIC.TO and IVLU.

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Drawdown Indicators

XIC.TOIVLUDifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-34.14%

-13.13%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-11.47%

+2.18%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-15.85%

+3.58%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-20.32%

+4.08%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-34.14%

-3.07%

Current Drawdown

Current decline from peak

-2.06%

-1.68%

-0.38%

Average Drawdown

Average peak-to-trough decline

-6.72%

-6.56%

-0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

3.00%

-0.99%

Volatility

XIC.TO vs. IVLU - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 4.28%, while iShares MSCI Intl Value Factor ETF (IVLU) has a volatility of 4.75%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIC.TOIVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.28%

4.75%

-0.47%

Volatility (6M)

Calculated over the trailing 6-month period

10.63%

12.88%

-2.25%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

15.75%

-2.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.19%

17.59%

-4.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

18.66%

-3.68%

XIC.TO vs. IVLU - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than IVLU's 0.30% expense ratio.

Dividends

XIC.TO vs. IVLU - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.04%, less than IVLU's 3.34% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI Intl Value Factor ETF		3.34%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
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 IVLU have a correlation of 0.57, 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 0.30% for IVLU.

XIC.TO is categorized as Canada Equities, while IVLU is Foreign Large Cap Equities. XIC.TO tracks S&P/TSX Capped Composite Index, while IVLU tracks MSCI World ex USA Enhanced Value. Their fees differ too: 0.06% for XIC.TO and 0.30% for IVLU.

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