XIC.TO vs. XFR.TO
XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, XIC.TO returned 12.48%/yr vs 2.24%/yr for XFR.TO. At a 0.03 correlation, their price movements are largely independent. XIC.TO charges 0.06%/yr vs 0.14%/yr for XFR.TO.
Performance
XIC.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIC.TO achieves a 10.75% return, which is significantly higher than XFR.TO's 1.00% return. Over the past 10 years, XIC.TO has outperformed XFR.TO with an annualized return of 12.48%, while XFR.TO has yielded a comparatively lower 2.24% annualized 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%
XFR.TO
- 1D
- -0.05%
- 1M
- 0.21%
- YTD
- 1.00%
- 6M
- 1.33%
- 1Y
- 2.96%
- 3Y*
- 3.98%
- 5Y*
- 3.20%
- 10Y*
- 2.24%
XIC.TO vs. XFR.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 | 10.75% | 31.51% | 21.48% | 11.73% | -5.82% | 23.42% | 5.61% | 22.76% | -8.72% | 8.99% |
XFR.TO iShares Floating Rate Index ETF | 1.00% | 3.33% | 4.57% | 5.29% | 1.82% | 0.15% | 0.98% | 2.23% | 1.16% | 1.46% |
Correlation
The correlation between XIC.TO and XFR.TO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011 | 0.03 |
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Return for Risk
XIC.TO vs. XFR.TO — Risk / Return Rank
XIC.TO
XFR.TO
XIC.TO vs. XFR.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 Floating Rate Index ETF (XFR.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.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.96 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 29.79 | -26.03 |
| Martin ratioReturn relative to average drawdown | 17.44 | 88.61 | -71.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIC.TO | XFR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 4.12 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 3.92 | -2.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 1.22 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.19 | -0.65 |
Drawdowns
XIC.TO vs. XFR.TO - Drawdown Comparison
The maximum XIC.TO drawdown since its inception was -48.21%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XFR.TO.
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Drawdown Indicators
| XIC.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -4.12% | -44.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -0.10% | -9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.27% | -0.30% | -11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -0.30% | -15.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.21% | -4.12% | -33.09% |
Current DrawdownCurrent decline from peak | -1.05% | -0.05% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -0.06% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.03% | +1.97% |
Volatility
XIC.TO vs. XFR.TO - Volatility Comparison
iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a higher volatility of 3.48% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that XIC.TO's price experiences larger fluctuations and is considered to be riskier than XFR.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 | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 0.18% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 0.48% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.67% | 0.72% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 0.82% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 1.85% | +13.11% |
XIC.TO vs. XFR.TO - Expense Ratio Comparison
XIC.TO has a 0.06% expense ratio, which is lower than XFR.TO's 0.14% 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. XFR.TO - Dividend Comparison
XIC.TO's dividend yield for the trailing twelve months is around 2.02%, less than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
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 XFR.TO have a correlation of -0.06, 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 0.14% for XFR.TO.
XIC.TO is categorized as Canada Equities, while XFR.TO is Canadian Government Bonds. XIC.TO tracks S&P/TSX Capped Composite Index, while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.06% for XIC.TO and 0.14% for XFR.TO.
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