XIN.TO vs. BMO
Compare and contrast key facts about iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and Bank of Montreal (BMO).
XIN.TO is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to CAD Index. It was launched on Sep 6, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIN.TO or BMO.
Key characteristics
| XIN.TO | BMO | |
|---|---|---|
| YTD Return | 10.65% | -8.91% |
| 1Y Return | 14.08% | 4.22% |
| 3Y Return (Ann) | 7.91% | -0.34% |
| 5Y Return (Ann) | 8.93% | 8.18% |
| 10Y Return (Ann) | 7.33% | 5.57% |
| Sharpe Ratio | 1.32 | 0.15 |
| Daily Std Dev | 10.84% | 22.38% |
| Max Drawdown | -58.56% | -68.43% |
| Current Drawdown | -3.73% | -20.22% |
Correlation
The correlation between XIN.TO and BMO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XIN.TO vs. BMO - Performance Comparison
In the year-to-date period, XIN.TO achieves a 10.65% return, which is significantly higher than BMO's -8.91% return. Over the past 10 years, XIN.TO has outperformed BMO with an annualized return of 7.33%, while BMO has yielded a comparatively lower 5.57% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
XIN.TO vs. BMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and Bank of Montreal (BMO). 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.
Dividends
XIN.TO vs. BMO - Dividend Comparison
XIN.TO's dividend yield for the trailing twelve months is around 2.46%, less than BMO's 5.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIN.TO iShares MSCI EAFE Index ETF (CAD-Hedged) | 2.46% | 2.51% | 2.18% | 2.65% | 1.81% | 2.58% | 2.85% | 2.16% | 2.41% | 2.32% | 2.83% | 2.17% |
BMO Bank of Montreal | 5.09% | 4.34% | 4.64% | 3.16% | 4.11% | 3.97% | 4.52% | 3.42% | 3.56% | 4.53% | 3.94% | 4.31% |
Drawdowns
XIN.TO vs. BMO - Drawdown Comparison
The maximum XIN.TO drawdown since its inception was -58.56%, smaller than the maximum BMO drawdown of -68.43%. Use the drawdown chart below to compare losses from any high point for XIN.TO and BMO. For additional features, visit the drawdowns tool.
Volatility
XIN.TO vs. BMO - Volatility Comparison
The current volatility for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) is 4.51%, while Bank of Montreal (BMO) has a volatility of 8.06%. This indicates that XIN.TO experiences smaller price fluctuations and is considered to be less risky than BMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.