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

XIC.TO vs. VIU.TO

Last updated Jun 13, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index. Both are passively managed. Over the past 10 years, XIC.TO returned 12.79%/yr vs 11.21%/yr for VIU.TO. A 0.66 correlation means they provide meaningful diversification when combined. XIC.TO charges 0.06%/yr vs 0.23%/yr for VIU.TO.

Performance

XIC.TO vs. VIU.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 Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XIC.TO achieves a 11.27% return, which is significantly lower than VIU.TO's 17.39% return. Over the past 10 years, XIC.TO has outperformed VIU.TO with an annualized return of 12.79%, while VIU.TO has yielded a comparatively lower 11.21% annualized return.

XIC.TO

1D
0.79%
1M
2.89%
YTD
11.27%
6M
11.99%
1Y
34.40%
3Y*
23.86%
5Y*
14.57%
10Y*
12.79%

VIU.TO

1D
0.58%
1M
3.39%
YTD
17.39%
6M
19.18%
1Y
32.93%
3Y*
20.42%
5Y*
12.03%
10Y*
11.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		11.27%31.51%21.48%11.74%-5.82%23.43%5.61%22.76%-8.72%8.99%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		17.39%28.36%10.73%15.67%-10.63%9.76%7.57%15.31%-7.37%19.23%

Correlation

The correlation between XIC.TO and VIU.TO is 0.64, 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

0.64

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

0.67

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2015

0.66

The correlation between XIC.TO and VIU.TO has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

XIC.TO vs. VIU.TO - Sectors Allocation Comparison

Sectors
XIC.TO
VIU.TO

Financial Services

33.8%
22.7%

Basic Materials

17.7%
6.2%

Energy

17.3%
3.8%

Industrials

10.2%
19.0%

Technology

7.1%
15.0%

Consumer Cyclical

3.8%
7.6%

Consumer Defensive

2.8%
6.3%

Utilities

2.8%
3.5%

Communication Services

1.8%
3.5%

Real Estate

1.5%
2.4%

Healthcare

0.1%
9.2%

Financial Services

XIC.TO
33.8%
VIU.TO
22.7%

Basic Materials

XIC.TO
17.7%
VIU.TO
6.2%

Energy

XIC.TO
17.3%
VIU.TO
3.8%

Industrials

XIC.TO
10.2%
VIU.TO
19.0%

Technology

XIC.TO
7.1%
VIU.TO
15.0%

Consumer Cyclical

XIC.TO
3.8%
VIU.TO
7.6%

Consumer Defensive

XIC.TO
2.8%
VIU.TO
6.3%

Utilities

XIC.TO
2.8%
VIU.TO
3.5%

Communication Services

XIC.TO
1.8%
VIU.TO
3.5%

Real Estate

XIC.TO
1.5%
VIU.TO
2.4%

Healthcare

XIC.TO
0.1%
VIU.TO
9.2%

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

Vanguard FTSE Developed All Cap ex North America Index 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 VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VFV.TOVIU.TO vs. VDU.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO

Return for Risk

XIC.TO vs. VIU.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: 8787
Overall Rank
XIC.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8787
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8989
Martin Ratio Rank
VIU.TO
VIU.TO Risk / Return Rank: 7171
Overall Rank
VIU.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 7575
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 7070
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. VIU.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 Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.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.

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.TOVIU.TODifference
Sharpe ratioReturn per unit of total volatility
2.65
2.03

+0.62

Sortino ratioReturn per unit of downside risk
3.41
2.81

+0.59

Omega ratioGain probability vs. loss probability

1.47

1.38

+0.09

Calmar ratioReturn relative to maximum drawdown

3.72

2.82

+0.90

Martin ratioReturn relative to average drawdown

17.02

11.26

+5.76

XIC.TO vs. VIU.TO - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.65, which is higher than the VIU.TO Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XIC.TO and VIU.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.

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Drawdowns

XIC.TO vs. VIU.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than VIU.TO's maximum drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for XIC.TO and VIU.TO.

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Drawdown Indicators

XIC.TOVIU.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-29.15%

-18.12%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-11.74%

+2.45%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-14.26%

+1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-25.34%

+9.10%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-29.15%

-8.06%

Current Drawdown

Current decline from peak

-0.75%

0.00%

-0.75%

Average Drawdown

Average peak-to-trough decline

-6.73%

-5.32%

-1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

2.94%

-0.91%

Volatility

XIC.TO vs. VIU.TO - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 4.53%, while Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) has a volatility of 6.89%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than VIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIC.TOVIU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

6.89%

-2.36%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

14.19%

-3.46%

Volatility (1Y)

Calculated over the trailing 1-year period

13.06%

16.29%

-3.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

14.11%

-0.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

15.19%

-0.21%

XIC.TO vs. VIU.TO - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than VIU.TO's 0.23% 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. VIU.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.01%, less than VIU.TO's 2.15% yield.

PositionTTM20252024202320222021202020192018201720162015
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.15%2.48%2.56%2.66%2.76%2.38%1.98%2.68%2.76%2.13%1.72%0.28%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.01%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 VIU.TO have a correlation of 0.64, 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 0.23% for VIU.TO.

XIC.TO is categorized as Canada Equities, while VIU.TO is International Equity. XIC.TO tracks S&P/TSX Capped Composite Index, while VIU.TO tracks FTSE Developed All Cap ex North America Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.06% for XIC.TO and 0.23% for VIU.TO.

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