PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XIC.TO vs. RY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIC.TO vs. RY.TO

Last updated Jun 4, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) is Canada Equities fund tracking the S&P/TSX Capped Composite Index, while RY.TO (Royal Bank of Canada) is a stock. Over the past 10 years, XIC.TO returned 12.48%/yr vs 17.23%/yr for RY.TO. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

XIC.TO vs. RY.TO - 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 Royal Bank of Canada (RY.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XIC.TO achieves a 10.75% return, which is significantly lower than RY.TO's 15.19% return. Over the past 10 years, XIC.TO has underperformed RY.TO with an annualized return of 12.48%, while RY.TO has yielded a comparatively higher 17.23% annualized return.

XIC.TO

1D
-1.05%
1M
3.59%
YTD
10.75%
6M
12.90%
1Y
34.79%
3Y*
23.62%
5Y*
14.60%
10Y*
12.48%

RY.TO

1D
0.47%
1M
9.67%
YTD
15.19%
6M
23.28%
1Y
56.56%
3Y*
33.65%
5Y*
20.37%
10Y*
17.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. RY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		10.75%31.51%21.48%11.73%-5.82%23.42%5.61%22.76%-8.72%8.99%
RY.TO
Royal Bank of Canada		15.19%39.60%34.37%9.80%-1.52%33.09%6.52%14.33%-5.50%17.12%

Correlation

The correlation between XIC.TO and RY.TO is 0.62, 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

0.62

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

0.67

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

0.69

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

0.68

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2001

0.62

The correlation between XIC.TO and RY.TO has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

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

Royal Bank of Canada

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 RY.TO:
RY.TO vs. TD.TORY.TO vs. VDY.TORY.TO vs. BMO.TORY.TO vs. CNR.TORY.TO vs. BNS.TORY.TO vs. XDIV.TORY.TO vs. CM.TO

Return for Risk

XIC.TO vs. RY.TO — 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: 8080
Overall Rank
XIC.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8181
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8383
Martin Ratio Rank
RY.TO
RY.TO Risk / Return Rank: 9797
Overall Rank
RY.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
RY.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
RY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
RY.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
RY.TO Martin Ratio Rank: 9797
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. RY.TO - 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 Royal Bank of Canada (RY.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.

XIC.TORY.TODifference
Sharpe ratioReturn per unit of total volatility
2.76
4.15

-1.39

Sortino ratioReturn per unit of downside risk
3.57
5.98

-2.41

Omega ratioGain probability vs. loss probability

1.50

1.76

-0.26

Calmar ratioReturn relative to maximum drawdown

3.76

7.00

-3.23

Martin ratioReturn relative to average drawdown

17.44

25.96

-8.52

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. RY.TO - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.76, which is lower than the RY.TO Sharpe Ratio of 4.15. The chart below compares the historical Sharpe Ratios of XIC.TO and RY.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.

Loading charts...

Sharpe Ratios by Period

XIC.TORY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

4.15

-1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.38

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

1.00

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.45

+0.09

Drawdowns

XIC.TO vs. RY.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -48.21%, smaller than the maximum RY.TO drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for XIC.TO and RY.TO.

Loading charts...

Drawdown Indicators

XIC.TORY.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.21%

-70.56%

+22.35%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-8.12%

-1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-16.00%

+3.73%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-21.21%

+4.97%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-33.84%

-3.37%

Current Drawdown

Current decline from peak

-1.05%

0.00%

-1.05%

Average Drawdown

Average peak-to-trough decline

-7.04%

-20.93%

+13.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

2.19%

-0.19%

Volatility

XIC.TO vs. RY.TO - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 3.48%, while Royal Bank of Canada (RY.TO) has a volatility of 4.60%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XIC.TORY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

4.60%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

10.56%

-0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

12.67%

13.70%

-1.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

14.91%

-1.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

17.26%

-2.30%

Dividends

XIC.TO vs. RY.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.02%, less than RY.TO's 2.39% yield.

PositionTTM20252024202320222021202020192018201720162015
RY.TO
Royal Bank of Canada		2.39%2.58%3.23%3.99%3.90%3.22%4.10%3.96%4.03%3.39%3.57%4.15%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.02%2.23%2.64%2.95%3.10%2.44%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

XIC.TO and RY.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for XIC.TO and RY.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer