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

XIC.TO vs. XEQT.TO

Last updated Jun 4, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XEQT.TO is a Global Equities fund actively managed by iShares. XIC.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XIC.TO returned 14.60%/yr vs 13.72%/yr for XEQT.TO. Their correlation of 0.82 suggests significant overlap in exposure. XIC.TO charges 0.06%/yr vs 0.20%/yr for XEQT.TO.

Performance

XIC.TO vs. XEQT.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 Core Equity ETF Portfolio (XEQT.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 10.75% return, which is significantly lower than XEQT.TO's 12.29% return.

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%

XEQT.TO

1D
-0.56%
1M
5.98%
YTD
12.29%
6M
11.20%
1Y
29.24%
3Y*
21.78%
5Y*
13.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
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%7.67%
XEQT.TO
iShares Core Equity ETF Portfolio		12.29%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between XIC.TO and XEQT.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.81

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

0.82

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

0.83

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.82

The correlation between XIC.TO and XEQT.TO has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

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

Sectors
XIC.TO
XEQT.TO

Financial Services

34.0%
20.3%

Energy

18.1%
7.2%

Basic Materials

17.2%
7.3%

Industrials

10.0%
12.1%

Technology

6.7%
22.9%

Consumer Cyclical

3.7%
7.8%

Utilities

2.9%
2.8%

Consumer Defensive

2.9%
4.4%

Communication Services

1.8%
6.4%

Real Estate

1.5%
2.2%

Healthcare

0.1%
6.6%

Financial Services

XIC.TO
34.0%
XEQT.TO
20.3%

Energy

XIC.TO
18.1%
XEQT.TO
7.2%

Basic Materials

XIC.TO
17.2%
XEQT.TO
7.3%

Industrials

XIC.TO
10.0%
XEQT.TO
12.1%

Technology

XIC.TO
6.7%
XEQT.TO
22.9%

Consumer Cyclical

XIC.TO
3.7%
XEQT.TO
7.8%

Utilities

XIC.TO
2.9%
XEQT.TO
2.8%

Consumer Defensive

XIC.TO
2.9%
XEQT.TO
4.4%

Communication Services

XIC.TO
1.8%
XEQT.TO
6.4%

Real Estate

XIC.TO
1.5%
XEQT.TO
2.2%

Healthcare

XIC.TO
0.1%
XEQT.TO
6.6%

Compare stocks, funds, or ETFs

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iShares Core S&P/TSX Capped Composite Index ETF

iShares Core Equity ETF Portfolio

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 XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

XIC.TO vs. XEQT.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
XEQT.TO
XEQT.TO Risk / Return Rank: 7575
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7878
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. XEQT.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 Equity ETF Portfolio (XEQT.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.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.76
2.53

+0.23

Sortino ratioReturn per unit of downside risk
3.57
3.49

+0.07

Omega ratioGain probability vs. loss probability

1.50

1.47

+0.03

Calmar ratioReturn relative to maximum drawdown

3.76

3.56

+0.20

Martin ratioReturn relative to average drawdown

17.44

15.50

+1.94

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. XEQT.TO - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.76, which is comparable to the XEQT.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XIC.TO and XEQT.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.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

2.53

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.05

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.95

-0.41

Drawdowns

XIC.TO vs. XEQT.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -48.21%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XEQT.TO.

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Drawdown Indicators

XIC.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.21%

-29.74%

-18.47%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-8.25%

-1.04%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-15.08%

+2.81%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-19.56%

+3.32%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

—

—

Current Drawdown

Current decline from peak

-1.05%

-0.56%

-0.49%

Average Drawdown

Average peak-to-trough decline

-7.04%

-4.11%

-2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

1.89%

+0.11%

Volatility

XIC.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 3.48%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.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.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

3.70%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

9.38%

+0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

12.67%

11.63%

+1.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

13.12%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

15.56%

-0.60%

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

XIC.TO has a 0.06% expense ratio, which is lower than XEQT.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. XEQT.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.02%, more than XEQT.TO's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%
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 XEQT.TO have a correlation of 0.81, 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 XEQT.TO.

XIC.TO is categorized as Canada Equities, while XEQT.TO is Global Equities. Their fees differ too: 0.06% for XIC.TO and 0.20% for XEQT.TO.

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