PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XIC.TO vs. XEI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIC.TO vs. XEI.TO

Last updated Jun 4, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both Canada Equities funds from iShares - XIC.TO tracks the S&P/TSX Capped Composite Index while XEI.TO tracks the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 10 years, XIC.TO returned 12.48%/yr vs 12.32%/yr for XEI.TO. Their correlation of 0.84 suggests significant overlap in exposure. XIC.TO charges 0.06%/yr vs 0.22%/yr for XEI.TO.

Performance

XIC.TO vs. XEI.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 Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XIC.TO achieves a 10.75% return, which is significantly lower than XEI.TO's 22.21% return. Both investments have delivered pretty close results over the past 10 years, with XIC.TO having a 12.48% annualized return and XEI.TO not far behind at 12.32%.

XIC.TO

1D
-1.05%
1M
3.59%
YTD
10.75%
6M
12.90%
1Y
34.79%
3Y*
23.62%
5Y*
14.60%
10Y*
12.48%

XEI.TO

1D
0.00%
1M
3.33%
YTD
22.21%
6M
23.56%
1Y
43.59%
3Y*
22.26%
5Y*
15.55%
10Y*
12.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		10.75%31.51%21.48%11.73%-5.82%23.42%5.61%22.76%-8.72%8.99%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		22.21%25.96%15.42%6.69%0.41%35.88%-7.53%25.44%-10.85%7.24%

Correlation

The correlation between XIC.TO and XEI.TO is 0.50, 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

0.50

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

0.75

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

0.81

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

0.83

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.84

Over the past year, the correlation between XIC.TO and XEI.TO has dropped to 0.50 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

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

Sectors
XIC.TO
XEI.TO

Financial Services

34.0%
31.4%

Energy

18.1%
32.1%

Basic Materials

17.2%
4.6%

Industrials

10.0%
0.7%

Technology

6.7%
0.7%

Consumer Cyclical

3.7%
6.2%

Utilities

2.9%
11.2%

Consumer Defensive

2.9%
0.5%

Communication Services

1.8%
7.6%

Real Estate

1.5%
4.8%

Healthcare

0.1%
0.2%

Financial Services

XIC.TO
34.0%
XEI.TO
31.4%

Energy

XIC.TO
18.1%
XEI.TO
32.1%

Basic Materials

XIC.TO
17.2%
XEI.TO
4.6%

Industrials

XIC.TO
10.0%
XEI.TO
0.7%

Technology

XIC.TO
6.7%
XEI.TO
0.7%

Consumer Cyclical

XIC.TO
3.7%
XEI.TO
6.2%

Utilities

XIC.TO
2.9%
XEI.TO
11.2%

Consumer Defensive

XIC.TO
2.9%
XEI.TO
0.5%

Communication Services

XIC.TO
1.8%
XEI.TO
7.6%

Real Estate

XIC.TO
1.5%
XEI.TO
4.8%

Healthcare

XIC.TO
0.1%
XEI.TO
0.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P/TSX Capped Composite Index ETF

iShares S&P/TSX Composite High Dividend Index ETF

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 XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

XIC.TO vs. XEI.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: 8080
Overall Rank
XIC.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 8181
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 8383
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
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. XEI.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 Composite High Dividend Index ETF (XEI.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.TOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
2.76
6.08

-3.32

Sortino ratioReturn per unit of downside risk
3.57
9.07

-5.50

Omega ratioGain probability vs. loss probability

1.50

2.27

-0.78

Calmar ratioReturn relative to maximum drawdown

3.76

19.53

-15.76

Martin ratioReturn relative to average drawdown

17.44

66.28

-48.85

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. XEI.TO - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.76, which is lower than the XEI.TO Sharpe Ratio of 6.08. The chart below compares the historical Sharpe Ratios of XIC.TO and XEI.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.

Loading charts...

Sharpe Ratios by Period

XIC.TOXEI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

6.08

-3.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.39

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

0.77

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.67

-0.12

Drawdowns

XIC.TO vs. XEI.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -48.21%, which is greater than XEI.TO's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XEI.TO.

Loading charts...

Drawdown Indicators

XIC.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.21%

-45.51%

-2.70%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-2.24%

-7.05%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-9.92%

-2.35%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-17.32%

+1.08%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-45.51%

+8.30%

Current Drawdown

Current decline from peak

-1.05%

-0.76%

-0.29%

Average Drawdown

Average peak-to-trough decline

-7.04%

-5.05%

-1.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

0.66%

+1.34%

Volatility

XIC.TO vs. XEI.TO - Volatility Comparison

iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a higher volatility of 3.48% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that XIC.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XIC.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

2.87%

+0.61%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

6.01%

+4.32%

Volatility (1Y)

Calculated over the trailing 1-year period

12.67%

7.21%

+5.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

11.24%

+1.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

16.01%

-1.05%

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

XIC.TO has a 0.06% expense ratio, which is lower than XEI.TO's 0.22% 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. XEI.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.02%, less than XEI.TO's 3.56% yield.

PositionTTM20252024202320222021202020192018201720162015
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.56%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.02%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 XEI.TO have a correlation of 0.50, 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 0.22% for XEI.TO.

XIC.TO tracks S&P/TSX Capped Composite Index, while XEI.TO tracks S&P/TSX Composite High Dividend Index. Their fees differ too: 0.06% for XIC.TO and 0.22% for XEI.TO.

Portfolio Optimizer

Find the right allocation for XIC.TO and XEI.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer