XIC.TO vs. XBAL.TO
XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XBAL.TO (iShares Core Balanced ETF Portfolio) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XBAL.TO is a Diversified Portfolio fund actively managed by iShares. XIC.TO is passively managed, while XBAL.TO is actively managed. Over the past 10 years, XIC.TO returned 12.77%/yr vs 7.81%/yr for XBAL.TO. A 0.55 correlation means they provide meaningful diversification when combined. XIC.TO charges 0.06%/yr vs 0.20%/yr for XBAL.TO.
Performance
XIC.TO vs. XBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIC.TO achieves a 11.29% return, which is significantly higher than XBAL.TO's 8.24% return. Over the past 10 years, XIC.TO has outperformed XBAL.TO with an annualized return of 12.77%, while XBAL.TO has yielded a comparatively lower 7.81% annualized return.
XIC.TO
- 1D
- -0.23%
- 1M
- 1.58%
- YTD
- 11.29%
- 6M
- 10.14%
- 1Y
- 34.27%
- 3Y*
- 25.00%
- 5Y*
- 14.47%
- 10Y*
- 12.77%
XBAL.TO
- 1D
- -0.66%
- 1M
- 1.70%
- YTD
- 8.24%
- 6M
- 6.33%
- 1Y
- 17.36%
- 3Y*
- 14.83%
- 5Y*
- 7.97%
- 10Y*
- 7.81%
XIC.TO vs. XBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 11.29% | 31.51% | 21.48% | 11.74% | -5.82% | 23.43% | 5.61% | 22.76% | -8.72% | 8.99% |
XBAL.TO iShares Core Balanced ETF Portfolio | 8.24% | 11.90% | 15.80% | 13.05% | -11.16% | 10.16% | 10.73% | 15.34% | -2.73% | 5.55% |
Correlation
The correlation between XIC.TO and XBAL.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2007 | 0.55 |
The correlation between XIC.TO and XBAL.TO shifts across timeframes, from 0.55 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XIC.TO vs. XBAL.TO — Risk / Return Rank
XIC.TO
XBAL.TO
XIC.TO vs. XBAL.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 iShares Core Balanced ETF Portfolio (XBAL.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.TO | XBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.87 | +0.83 |
| Martin ratioReturn relative to average drawdown | 16.90 | 11.85 | +5.05 |
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Drawdowns
XIC.TO vs. XBAL.TO - Drawdown Comparison
The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than XBAL.TO's maximum drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XBAL.TO.
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Drawdown Indicators
| XIC.TO | XBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.27% | -28.55% | -18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -6.06% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -9.34% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -17.10% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | -20.93% | -16.28% |
Current DrawdownCurrent decline from peak | -1.31% | -2.63% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -3.35% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.47% | +0.56% |
Volatility
XIC.TO vs. XBAL.TO - Volatility Comparison
iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a higher volatility of 4.20% compared to iShares Core Balanced ETF Portfolio (XBAL.TO) at 3.93%. This indicates that XIC.TO's price experiences larger fluctuations and is considered to be riskier than XBAL.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.TO | XBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.93% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 8.00% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 9.19% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 8.94% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 9.81% | +5.17% |
XIC.TO vs. XBAL.TO - Expense Ratio Comparison
XIC.TO has a 0.06% expense ratio, which is lower than XBAL.TO's 0.20% 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. XBAL.TO - Dividend Comparison
XIC.TO's dividend yield for the trailing twelve months is around 2.01%, less than XBAL.TO's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 2.10% | 2.27% | 2.72% | 2.43% | 2.12% | 1.78% | 2.04% | 2.31% | 3.47% | 3.00% | 3.72% | 3.38% |
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 XBAL.TO have a correlation of 0.73, 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 0.20% for XBAL.TO.
XIC.TO is categorized as Canada Equities, while XBAL.TO is Diversified Portfolio. Their fees differ too: 0.06% for XIC.TO and 0.20% for XBAL.TO.
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