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

XIC.TO vs. XEG.TO

Last updated Jun 5, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, XIC.TO returned 12.57%/yr vs 11.72%/yr for XEG.TO. A 0.67 correlation means they provide meaningful diversification when combined. XIC.TO charges 0.06%/yr vs 0.61%/yr for XEG.TO.

Performance

XIC.TO vs. XEG.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 S&P/TSX Capped Energy Index ETF (XEG.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 12.10% return, which is significantly lower than XEG.TO's 45.28% return. Over the past 10 years, XIC.TO has outperformed XEG.TO with an annualized return of 12.57%, while XEG.TO has yielded a comparatively lower 11.72% annualized return.

XIC.TO

1D
1.22%
1M
5.07%
YTD
12.10%
6M
13.12%
1Y
36.92%
3Y*
24.30%
5Y*
14.88%
10Y*
12.57%

XEG.TO

1D
0.65%
1M
-0.64%
YTD
45.28%
6M
40.30%
1Y
73.90%
3Y*
28.57%
5Y*
29.65%
10Y*
11.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		12.10%31.51%21.48%11.73%-5.82%23.42%5.61%22.76%-8.72%8.99%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		45.28%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%

Correlation

The correlation between XIC.TO and XEG.TO is 0.04, 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

0.04

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

0.35

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

0.48

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

0.56

Correlation (All Time)
Calculated using the full available price history since Mar 26, 2001

0.67

Over the past year, the correlation between XIC.TO and XEG.TO has dropped to 0.04 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

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

Sectors
XIC.TO
XEG.TO

Financial Services

34.0%

-

Energy

18.1%
100.0%

Basic Materials

17.2%

-

Industrials

10.0%

-

Technology

6.7%

-

Consumer Cyclical

3.7%

-

Utilities

2.9%

-

Consumer Defensive

2.9%

-

Communication Services

1.8%

-

Real Estate

1.5%

-

Healthcare

0.1%

-

Financial Services

XIC.TO
34.0%
XEG.TO

-

Energy

XIC.TO
18.1%
XEG.TO
100.0%

Basic Materials

XIC.TO
17.2%
XEG.TO

-

Industrials

XIC.TO
10.0%
XEG.TO

-

Technology

XIC.TO
6.7%
XEG.TO

-

Consumer Cyclical

XIC.TO
3.7%
XEG.TO

-

Utilities

XIC.TO
2.9%
XEG.TO

-

Consumer Defensive

XIC.TO
2.9%
XEG.TO

-

Communication Services

XIC.TO
1.8%
XEG.TO

-

Real Estate

XIC.TO
1.5%
XEG.TO

-

Healthcare

XIC.TO
0.1%
XEG.TO

-

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iShares Core S&P/TSX Capped Composite Index ETF

iShares S&P/TSX Capped Energy Index ETF

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Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

XIC.TO vs. XEG.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: 8585
Overall Rank
XIC.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8686
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8787
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8989
Overall Rank
XEG.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8989
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. XEG.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 S&P/TSX Capped Energy Index ETF (XEG.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.

XIC.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
2.92
3.27

-0.36

Sortino ratioReturn per unit of downside risk
3.75
3.81

-0.06

Omega ratioGain probability vs. loss probability

1.53

1.51

+0.01

Calmar ratioReturn relative to maximum drawdown

3.99

6.68

-2.68

Martin ratioReturn relative to average drawdown

18.51

19.94

-1.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XIC.TO Sharpe Ratio is 2.92, which is comparable to the XEG.TO Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of XIC.TO and XEG.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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Sharpe Ratios by Period

XIC.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.92

3.27

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.14

1.04

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.35

+0.49

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.28

+0.26

Drawdowns

XIC.TO vs. XEG.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -48.21%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XEG.TO.

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Drawdown Indicators

XIC.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.21%

-87.74%

+39.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-11.12%

+1.83%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-25.67%

+13.40%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-28.42%

+12.18%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-79.66%

+42.45%

Current Drawdown

Current decline from peak

0.00%

-3.38%

+3.38%

Average Drawdown

Average peak-to-trough decline

-7.04%

-29.18%

+22.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

3.72%

-1.72%

Volatility

XIC.TO vs. XEG.TO - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 3.61%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.24%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than XEG.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.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

9.24%

-5.63%

Volatility (6M)

Calculated over the trailing 6-month period

10.39%

18.90%

-8.51%

Volatility (1Y)

Calculated over the trailing 1-year period

12.71%

22.74%

-10.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

28.62%

-15.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

33.40%

-18.44%

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

XIC.TO has a 0.06% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.

Dividends

XIC.TO vs. XEG.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.00%, less than XEG.TO's 2.64% yield.

PositionTTM20252024202320222021202020192018201720162015
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.64%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.00%2.23%2.64%2.95%3.10%2.44%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

XIC.TO and XEG.TO have a correlation of 0.04, 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 0.61% for XEG.TO.

XIC.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. XIC.TO tracks S&P/TSX Capped Composite Index, while XEG.TO tracks S&P/TSX Capped Energy Index. Their fees differ too: 0.06% for XIC.TO and 0.61% for XEG.TO.

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