XIC.TO vs. VO
Compare and contrast key facts about iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and Vanguard Mid-Cap ETF (VO).
XIC.TO and VO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both XIC.TO and VO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIC.TO or VO.
Key characteristics
| XIC.TO | VO | |
|---|---|---|
| YTD Return | 8.33% | 7.33% |
| 1Y Return | 14.26% | 21.63% |
| 3Y Return (Ann) | 7.57% | 4.52% |
| 5Y Return (Ann) | 9.55% | 10.66% |
| 10Y Return (Ann) | 7.67% | 10.00% |
| Sharpe Ratio | 1.29 | 1.77 |
| Daily Std Dev | 11.12% | 12.89% |
| Max Drawdown | -100.00% | -58.89% |
| Current Drawdown | -99.99% | -0.92% |
Correlation
The correlation between XIC.TO and VO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XIC.TO vs. VO - Performance Comparison
In the year-to-date period, XIC.TO achieves a 8.33% return, which is significantly higher than VO's 7.33% return. Over the past 10 years, XIC.TO has underperformed VO with an annualized return of 7.67%, while VO has yielded a comparatively higher 10.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XIC.TO vs. VO - Expense Ratio Comparison
XIC.TO has a 0.06% expense ratio, which is higher than VO's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XIC.TO vs. VO - Risk-Adjusted Performance 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 Mid-Cap ETF (VO). 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.
Dividends
XIC.TO vs. VO - Dividend Comparison
XIC.TO's dividend yield for the trailing twelve months is around 2.74%, more than VO's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.74% | 2.96% | 3.10% | 2.43% | 2.99% | 2.97% | 3.15% | 2.45% | 2.68% | 3.17% | 3.96% | 2.64% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
XIC.TO vs. VO - Drawdown Comparison
The maximum XIC.TO drawdown since its inception was -100.00%, which is greater than VO's maximum drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for XIC.TO and VO. For additional features, visit the drawdowns tool.
Volatility
XIC.TO vs. VO - Volatility Comparison
iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a higher volatility of 3.42% compared to Vanguard Mid-Cap ETF (VO) at 2.76%. This indicates that XIC.TO's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.