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

XIC.TO vs. WMT

Last updated Jun 14, 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 WMT (Walmart Inc.) is a stock. Over the past 10 years, XIC.TO returned 12.79%/yr vs 20.80%/yr for WMT. At a 0.16 correlation, their price movements are largely independent.

Performance

XIC.TO vs. WMT - 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 Walmart Inc. (WMT). 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 WMT is traded in USD. To make them comparable, the WMT values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XIC.TO having a 11.27% return and WMT slightly higher at 11.29%. Over the past 10 years, XIC.TO has underperformed WMT with an annualized return of 12.79%, while WMT has yielded a comparatively higher 20.80% annualized return.

XIC.TO

1D
0.79%
1M
3.46%
YTD
11.27%
6M
11.99%
1Y
34.84%
3Y*
23.86%
5Y*
14.57%
10Y*
12.79%

WMT

1D
0.63%
1M
-6.25%
YTD
11.29%
6M
5.62%
1Y
32.81%
3Y*
36.19%
5Y*
26.01%
10Y*
20.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. WMT - 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%
WMT
Walmart Inc.		11.29%18.81%88.72%10.20%5.84%1.92%20.40%24.80%4.69%36.64%

Correlation

The correlation between XIC.TO and WMT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

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

0.14

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

0.21

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

0.21

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.16

The correlation between XIC.TO and WMT shifts across timeframes, from 0.02 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

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iShares Core S&P/TSX Capped Composite Index ETF

Walmart Inc.

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 WMT:
WMT vs. COSTWMT vs. TGTWMT vs. VOOWMT vs. KRWMT vs. XLPWMT vs. SCHDWMT vs. ABBV

Return for Risk

XIC.TO vs. WMT — 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
WMT
WMT Risk / Return Rank: 7676
Overall Rank
WMT Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
WMT Sortino Ratio Rank: 7373
Sortino Ratio Rank
WMT Omega Ratio Rank: 7474
Omega Ratio Rank
WMT Calmar Ratio Rank: 7575
Calmar Ratio Rank
WMT Martin Ratio Rank: 8080
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. WMT - 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 Walmart Inc. (WMT). 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.TOWMTDifference
Sharpe ratioReturn per unit of total volatility
2.65
1.30

+1.35

Sortino ratioReturn per unit of downside risk
3.41
1.92

+1.49

Omega ratioGain probability vs. loss probability

1.47

1.25

+0.23

Calmar ratioReturn relative to maximum drawdown

3.72

2.10

+1.63

Martin ratioReturn relative to average drawdown

17.02

6.85

+10.17

XIC.TO vs. WMT - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.65, which is higher than the WMT Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of XIC.TO and WMT, 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. WMT - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, roughly equal to the maximum WMT drawdown of -47.96%. Use the drawdown chart below to compare losses from any high point for XIC.TO and WMT.

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Drawdown Indicators

XIC.TOWMTDifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-47.96%

+0.69%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-15.14%

+5.85%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-22.27%

+10.00%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-24.22%

+7.98%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-24.22%

-12.99%

Current Drawdown

Current decline from peak

-0.75%

-8.27%

+7.52%

Average Drawdown

Average peak-to-trough decline

-6.73%

-13.52%

+6.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

4.63%

-2.60%

Volatility

XIC.TO vs. WMT - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 4.53%, while Walmart Inc. (WMT) has a volatility of 10.08%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIC.TOWMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.53%

10.08%

-5.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.73%

19.04%

-8.31%

Volatility (1Y)

Calculated over the trailing 1-year period

13.06%

24.44%

-11.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.21%

22.53%

-9.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.98%

22.81%

-7.83%

Dividends

XIC.TO vs. WMT - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.01%, more than WMT's 0.80% yield.

PositionTTM20252024202320222021202020192018201720162015
WMT
Walmart Inc.		0.80%0.84%0.92%1.45%1.58%1.52%1.50%1.78%2.23%2.07%2.89%3.20%
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 WMT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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