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XIN.TO vs. CIE.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIN.TO vs. CIE.NEO

Last updated Jun 4, 2026

XIN.TO (iShares MSCI EAFE Index ETF (CAD-Hedged)) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds from iShares - XIN.TO tracks the MSCI EAFE 100% Hedged to CAD Index while CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index. Both are passively managed. Over the past 10 years, XIN.TO returned 12.75%/yr vs 11.89%/yr for CIE.NEO. A 0.69 correlation means they provide meaningful diversification when combined. XIN.TO charges 0.52%/yr vs 0.73%/yr for CIE.NEO.

Performance

XIN.TO vs. CIE.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and iShares International Fundamental Common Class (CIE.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XIN.TO achieves a 9.11% return, which is significantly lower than CIE.NEO's 17.83% return. Over the past 10 years, XIN.TO has outperformed CIE.NEO with an annualized return of 12.75%, while CIE.NEO has yielded a comparatively lower 11.89% annualized return.

XIN.TO

1D
-0.52%
1M
4.48%
YTD
9.11%
6M
10.87%
1Y
21.23%
3Y*
16.54%
5Y*
15.09%
10Y*
12.75%

CIE.NEO

1D
-0.39%
1M
6.26%
YTD
17.83%
6M
19.92%
1Y
39.49%
3Y*
25.09%
5Y*
15.50%
10Y*
11.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIN.TO vs. CIE.NEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIN.TO
iShares MSCI EAFE Index ETF (CAD-Hedged)		9.11%20.30%14.27%19.36%1.59%25.71%-0.02%24.88%-10.05%16.34%
CIE.NEO
iShares International Fundamental Common Class		17.83%34.92%12.83%15.59%-2.83%14.42%1.33%11.29%-8.19%16.74%

Correlation

The correlation between XIN.TO and CIE.NEO is 0.80, 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

0.80

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

0.74

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

0.70

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

0.70

Correlation (All Time)
Calculated using the full available price history since Jan 5, 2009

0.69

The correlation between XIN.TO and CIE.NEO shifts across timeframes, from 0.69 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares MSCI EAFE Index ETF (CAD-Hedged)

iShares International Fundamental Common Class

Often compared with XIN.TO:
XIN.TO vs. XEF.TOXIN.TO vs. XFH.TOXIN.TO vs. XWD.TOXIN.TO vs. XIU.TOXIN.TO vs. GBAL.TOXIN.TO vs. XUS-U.TOXIN.TO vs. XDW0.L
Often compared with CIE.NEO:
CIE.NEO vs. PXFCIE.NEO vs. VGG.TOCIE.NEO vs. SPYCIE.NEO vs. DFIVCIE.NEO vs. FCCM.NEOCIE.NEO vs. XMW.TOCIE.NEO vs. XEQT.TO

Return for Risk

XIN.TO vs. CIE.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIN.TO
XIN.TO Risk / Return Rank: 4848
Overall Rank
XIN.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XIN.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XIN.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XIN.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
XIN.TO Martin Ratio Rank: 5252
Martin Ratio Rank
CIE.NEO
CIE.NEO Risk / Return Rank: 8282
Overall Rank
CIE.NEO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CIE.NEO Sortino Ratio Rank: 8686
Sortino Ratio Rank
CIE.NEO Omega Ratio Rank: 8787
Omega Ratio Rank
CIE.NEO Calmar Ratio Rank: 7272
Calmar Ratio Rank
CIE.NEO Martin Ratio Rank: 7777
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.

XIN.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.

XIN.TOCIE.NEODifference
Sharpe ratioReturn per unit of total volatility
1.66
2.85

-1.18

Sortino ratioReturn per unit of downside risk
2.37
3.90

-1.53

Omega ratioGain probability vs. loss probability

1.32

1.54

-0.22

Calmar ratioReturn relative to maximum drawdown

2.19

3.57

-1.38

Martin ratioReturn relative to average drawdown

8.95

14.78

-5.83

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

XIN.TO vs. CIE.NEO - Sharpe Ratio Comparison

The current XIN.TO Sharpe Ratio is 1.66, which is lower than the CIE.NEO Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of XIN.TO and CIE.NEO, 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

XIN.TOCIE.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

2.85

-1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

1.13

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.78

0.66

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.44

-0.05

Drawdowns

XIN.TO vs. CIE.NEO - Drawdown Comparison

The maximum XIN.TO drawdown since its inception was -58.14%, which is greater than CIE.NEO's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for XIN.TO and CIE.NEO.

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Drawdown Indicators

XIN.TOCIE.NEODifference

Max Drawdown

Largest peak-to-trough decline

-58.14%

-40.08%

-18.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.72%

-11.10%

+1.38%

Max Drawdown (3Y)

Largest decline over 3 years

-14.23%

-15.44%

+1.21%

Max Drawdown (5Y)

Largest decline over 5 years

-15.40%

-20.55%

+5.15%

Max Drawdown (10Y)

Largest decline over 10 years

-33.68%

-40.08%

+6.40%

Current Drawdown

Current decline from peak

-0.72%

-0.39%

-0.33%

Average Drawdown

Average peak-to-trough decline

-12.36%

-7.13%

-5.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

2.68%

-0.30%

Volatility

XIN.TO vs. CIE.NEO - Volatility Comparison

The current volatility for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) is 3.99%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.85%. This indicates that XIN.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIN.TOCIE.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.99%

4.85%

-0.86%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

11.56%

-0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.83%

13.95%

-1.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

13.85%

+0.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.44%

18.19%

-1.75%

XIN.TO vs. CIE.NEO - Expense Ratio Comparison

XIN.TO has a 0.52% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.

Dividends

XIN.TO vs. CIE.NEO - Dividend Comparison

XIN.TO's dividend yield for the trailing twelve months is around 2.66%, more than CIE.NEO's 2.12% yield.

PositionTTM20252024202320222021202020192018201720162015
CIE.NEO
iShares International Fundamental Common Class		2.12%2.53%2.82%3.08%3.32%2.89%2.15%3.63%3.12%2.67%2.80%2.44%
XIN.TO
iShares MSCI EAFE Index ETF (CAD-Hedged)		2.66%2.90%2.66%2.60%2.27%2.98%2.15%3.06%3.43%2.60%2.90%2.80%

Frequently Asked Questions

XIN.TO and CIE.NEO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIN.TO is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIN.TO is cheaper with a 0.52% expense ratio, compared with 0.73% for CIE.NEO.

XIN.TO tracks MSCI EAFE 100% Hedged to CAD Index, while CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index. Their fees differ too: 0.52% for XIN.TO and 0.73% for CIE.NEO.

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