XIN.TO vs. MNS.TO
XIN.TO (iShares MSCI EAFE Index ETF (CAD-Hedged)) and MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) are both exchange-traded funds - XIN.TO is a Global Equities fund tracking the MSCI EAFE 100% Hedged to CAD Index, while MNS.TO is a Silver fund tracking the N/A (Physical Bullion). Both are passively managed. Over the past 10 years, XIN.TO returned 12.73%/yr vs 16.36%/yr for MNS.TO. At a 0.02 correlation, their price movements are largely independent. XIN.TO charges 0.52%/yr vs 0.45%/yr for MNS.TO.
Performance
XIN.TO vs. MNS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIN.TO achieves a 9.87% return, which is significantly higher than MNS.TO's -7.39% return. Over the past 10 years, XIN.TO has underperformed MNS.TO with an annualized return of 12.73%, while MNS.TO has yielded a comparatively higher 16.36% annualized return.
XIN.TO
- 1D
- 0.70%
- 1M
- 3.76%
- YTD
- 9.87%
- 6M
- 11.20%
- 1Y
- 22.02%
- 3Y*
- 17.06%
- 5Y*
- 15.25%
- 10Y*
- 12.73%
MNS.TO
- 1D
- 1.11%
- 1M
- 1.45%
- YTD
- -7.39%
- 6M
- 23.60%
- 1Y
- 105.40%
- 3Y*
- 48.59%
- 5Y*
- 23.53%
- 10Y*
- 16.36%
XIN.TO vs. MNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIN.TO iShares MSCI EAFE Index ETF (CAD-Hedged) | 9.87% | 20.30% | 14.27% | 19.36% | 1.59% | 25.71% | -0.02% | 24.88% | -10.05% | 16.34% |
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -7.39% | 161.12% | 41.73% | -5.85% | 5.27% | -15.46% | 45.70% | 9.85% | -1.65% | -1.63% |
Correlation
The correlation between XIN.TO and MNS.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2012 | 0.02 |
Over the past year, XIN.TO and MNS.TO have become more correlated (0.26) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
XIN.TO vs. MNS.TO — Risk / Return Rank
XIN.TO
MNS.TO
XIN.TO vs. MNS.TO - 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 Royal Canadian Mint - Canadian Silver Reserves (MNS.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.
| XIN.TO | MNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.77 | -0.49 |
| Martin ratioReturn relative to average drawdown | 9.28 | 6.11 | +3.17 |
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
| XIN.TO | MNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.96 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.72 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.56 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.29 | +0.10 |
Drawdowns
XIN.TO vs. MNS.TO - Drawdown Comparison
The maximum XIN.TO drawdown since its inception was -58.14%, which is greater than MNS.TO's maximum drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for XIN.TO and MNS.TO.
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Drawdown Indicators
| XIN.TO | MNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.14% | -51.12% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -38.31% | +28.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -38.31% | +24.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.40% | -38.31% | +22.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -42.02% | +8.34% |
Current DrawdownCurrent decline from peak | -0.02% | -31.23% | +31.21% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -28.15% | +15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 17.30% | -14.92% |
Volatility
XIN.TO vs. MNS.TO - Volatility Comparison
The current volatility for iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) is 3.83%, while Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) has a volatility of 15.53%. This indicates that XIN.TO experiences smaller price fluctuations and is considered to be less risky than MNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIN.TO | MNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 15.53% | -11.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 52.09% | -41.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 54.04% | -41.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 34.67% | -19.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 32.04% | -15.60% |
XIN.TO vs. MNS.TO - Expense Ratio Comparison
XIN.TO has a 0.52% expense ratio, which is higher than MNS.TO's 0.45% expense ratio.
Dividends
XIN.TO vs. MNS.TO - Dividend Comparison
XIN.TO's dividend yield for the trailing twelve months is around 2.64%, while MNS.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIN.TO iShares MSCI EAFE Index ETF (CAD-Hedged) | 2.64% | 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 MNS.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNS.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNS.TO is cheaper with a 0.45% expense ratio, compared with 0.52% for XIN.TO.
XIN.TO is categorized as Global Equities, while MNS.TO is Silver. XIN.TO tracks MSCI EAFE 100% Hedged to CAD Index, while MNS.TO tracks N/A (Physical Bullion). They also come from different issuers: iShares and Royal Canadian Mint. Their fees differ too: 0.52% for XIN.TO and 0.45% for MNS.TO.
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