XIC.TO vs. XCH.TO

Last updated Jun 24, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XCH.TO (iShares China Index ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XCH.TO is a China Equities fund tracking the Morningstar China GR CAD. Both are passively managed. Over the past 10 years, XIC.TO returned 12.77%/yr vs 3.08%/yr for XCH.TO. At a 0.43 correlation, their price movements are largely independent. XIC.TO charges 0.06%/yr vs 0.87%/yr for XCH.TO.

Performance

XIC.TO vs. XCH.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 iShares China Index ETF (XCH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIC.TO achieves a 11.29% return, which is significantly higher than XCH.TO's -10.54% return. Over the past 10 years, XIC.TO has outperformed XCH.TO with an annualized return of 12.77%, while XCH.TO has yielded a comparatively lower 3.08% 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%

XCH.TO

• 1D: -1.37%
• 1M: -4.12%
• YTD: -10.54%
• 6M: -10.79%
• 1Y: -4.20%
• 3Y*: 11.96%
• 5Y*: -1.96%
• 10Y*: 3.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XIC.TO vs. XCH.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%
XCH.TO iShares China Index ETF	-10.54%	22.48%	39.50%	-14.76%	-15.40%	-20.56%	7.17%	8.11%	-6.28%	27.28%

Correlation

The correlation between XIC.TO and XCH.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 27, 2010	0.43

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

Sectors	XIC.TO	XCH.TO
Financial Services	33.7%	34.7%
Basic Materials	18.1%	4.0%
Energy	17.4%	5.3%
Industrials	10.2%	3.2%
Technology	7.4%	5.5%
Consumer Cyclical	3.7%	26.5%
Utilities	3.2%	0.3%
Consumer Defensive	2.9%	0.9%
Communication Services	1.9%	16.2%
Real Estate	1.5%	1.1%
Healthcare	0.1%	2.3%

Return for Risk

XIC.TO vs. XCH.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: 81
XIC.TO Sharpe Ratio Rank: 85
XIC.TO Sortino Ratio Rank: 80
XIC.TO Omega Ratio Rank: 81
XIC.TO Calmar Ratio Rank: 75
XIC.TO Martin Ratio Rank: 84

XCH.TO

XCH.TO Risk / Return Rank: 7
XCH.TO Sharpe Ratio Rank: 7
XCH.TO Sortino Ratio Rank: 6
XCH.TO Omega Ratio Rank: 6
XCH.TO Calmar Ratio Rank: 7
XCH.TO Martin Ratio Rank: 7

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. XCH.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 China Index ETF (XCH.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	XCH.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	-0.22	+2.84
Sortino ratio: Return per unit of downside risk	3.38	-0.19	+3.57
Omega ratio: Gain probability vs. loss probability	1.46	0.98	+0.48
Calmar ratio: Return relative to maximum drawdown	3.71	-0.23	+3.93
Martin ratio: Return relative to average drawdown	16.90	-0.47	+17.36

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

The current XIC.TO Sharpe Ratio is 2.62, which is higher than the XCH.TO Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of XIC.TO and XCH.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.

Drawdowns

XIC.TO vs. XCH.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, smaller than the maximum XCH.TO drawdown of -58.02%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XCH.TO.

Drawdown Indicators

	XIC.TO	XCH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-47.27%	-58.02%	+10.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	-18.55%	+9.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.27%	-27.28%	+15.01%
Max Drawdown (5Y) Largest decline over 5 years	-16.24%	-50.32%	+34.08%
Max Drawdown (10Y) Largest decline over 10 years	-37.21%	-58.02%	+20.81%
Current Drawdown Current decline from peak	-1.31%	-25.31%	+24.00%
Average Drawdown Average peak-to-trough decline	-6.72%	-20.41%	+13.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	9.00%	-6.97%

Volatility

XIC.TO vs. XCH.TO - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 4.20%, while iShares China Index ETF (XCH.TO) has a volatility of 5.38%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than XCH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIC.TO	XCH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	5.38%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	10.74%	13.56%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	19.01%	-5.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	29.80%	-16.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.98%	25.68%	-10.70%

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

XIC.TO has a 0.06% expense ratio, which is lower than XCH.TO's 0.87% expense ratio.

Dividends

XIC.TO vs. XCH.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.01%, less than XCH.TO's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XCH.TO iShares China Index ETF	2.36%	2.11%	1.54%	2.86%	2.35%	1.51%	2.17%	2.50%	2.45%	2.41%	2.21%	2.58%
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

Can I hold both XIC.TO and XCH.TO in my portfolio?

XIC.TO and XCH.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIC.TO or XCH.TO?

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.

Which ETF is cheaper, XIC.TO or XCH.TO?

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.87% for XCH.TO.

What is the main difference between XIC.TO and XCH.TO?

XIC.TO is categorized as Canada Equities, while XCH.TO is China Equities. XIC.TO tracks S&P/TSX Capped Composite Index, while XCH.TO tracks Morningstar China GR CAD. Their fees differ too: 0.06% for XIC.TO and 0.87% for XCH.TO.