XIN.TO vs. XFR.TO

Last updated Jun 4, 2026

XIN.TO (iShares MSCI EAFE Index ETF (CAD-Hedged)) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - XIN.TO is a Global Equities fund tracking the MSCI EAFE 100% Hedged to CAD 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, XIN.TO returned 12.75%/yr vs 2.24%/yr for XFR.TO. At a 0.04 correlation, their price movements are largely independent. XIN.TO charges 0.52%/yr vs 0.14%/yr for XFR.TO.

Performance

XIN.TO vs. XFR.TO - 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 Floating Rate Index ETF (XFR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIN.TO achieves a 9.11% return, which is significantly higher than XFR.TO's 1.00% return. Over the past 10 years, XIN.TO has outperformed XFR.TO with an annualized return of 12.75%, while XFR.TO has yielded a comparatively lower 2.24% 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%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XIN.TO vs. XFR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XIN.TO iShares MSCI EAFE Index ETF (CAD-Hedged)	9.11%	20.30%	14.27%	19.36%	1.59%	25.71%	-0.02%	24.88%	-10.05%	16.34%
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 XIN.TO and XFR.TO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011	0.04

Return for Risk

XIN.TO vs. XFR.TO — 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: 48
XIN.TO Sharpe Ratio Rank: 47
XIN.TO Sortino Ratio Rank: 47
XIN.TO Omega Ratio Rank: 50
XIN.TO Calmar Ratio Rank: 44
XIN.TO Martin Ratio Rank: 52

XFR.TO

XFR.TO Risk / Return Rank: 98
XFR.TO Sharpe Ratio Rank: 96
XFR.TO Sortino Ratio Rank: 98
XFR.TO Omega Ratio Rank: 97
XFR.TO Calmar Ratio Rank: 99
XFR.TO Martin Ratio Rank: 98

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. XFR.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 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.

	XIN.TO	XFR.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.66	4.12	-2.46
Sortino ratio: Return per unit of downside risk	2.37	6.98	-4.61
Omega ratio: Gain probability vs. loss probability	1.32	1.96	-0.65
Calmar ratio: Return relative to maximum drawdown	2.19	29.79	-27.60
Martin ratio: Return relative to average drawdown	8.95	88.61	-79.66
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. XFR.TO - Sharpe Ratio Comparison

The current XIN.TO Sharpe Ratio is 1.66, which is lower than the XFR.TO Sharpe Ratio of 4.12. The chart below compares the historical Sharpe Ratios of XIN.TO and XFR.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.

Sharpe Ratios by Period

	XIN.TO	XFR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	4.12	-2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	3.92	-2.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	1.22	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.19	-0.80

Drawdowns

XIN.TO vs. XFR.TO - Drawdown Comparison

The maximum XIN.TO drawdown since its inception was -58.14%, 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 XIN.TO and XFR.TO.

Drawdown Indicators

	XIN.TO	XFR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.14%	-4.12%	-54.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.72%	-0.10%	-9.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-0.30%	-13.93%
Max Drawdown (5Y) Largest decline over 5 years	-15.40%	-0.30%	-15.10%
Max Drawdown (10Y) Largest decline over 10 years	-33.68%	-4.12%	-29.56%
Current Drawdown Current decline from peak	-0.72%	-0.05%	-0.67%
Average Drawdown Average peak-to-trough decline	-12.36%	-0.06%	-12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	0.03%	+2.35%

Volatility

XIN.TO vs. XFR.TO - Volatility Comparison

iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) has a higher volatility of 3.99% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that XIN.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.

Volatility by Period

	XIN.TO	XFR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	0.18%	+3.81%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	0.48%	+10.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	0.72%	+12.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.72%	0.82%	+13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	1.85%	+14.59%

XIN.TO vs. XFR.TO - Expense Ratio Comparison

XIN.TO has a 0.52% expense ratio, which is higher than XFR.TO's 0.14% expense ratio.

Dividends

XIN.TO vs. XFR.TO - Dividend Comparison

XIN.TO's dividend yield for the trailing twelve months is around 2.66%, 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%
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

Can I hold both XIN.TO and XFR.TO in my portfolio?

XIN.TO and XFR.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIN.TO or XFR.TO?

On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XIN.TO or XFR.TO?

XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.52% for XIN.TO.

What is the main difference between XIN.TO and XFR.TO?

XIN.TO is categorized as Global Equities, while XFR.TO is Canadian Government Bonds. XIN.TO tracks MSCI EAFE 100% Hedged to CAD Index, while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.52% for XIN.TO and 0.14% for XFR.TO.