XIN.TO vs. XWD.TO
Compare and contrast key facts about iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) and iShares MSCI World Index ETF (XWD.TO).
XIN.TO and XWD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XWD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 18, 2009. Both XIN.TO and XWD.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIN.TO or XWD.TO.
Key characteristics
| XIN.TO | XWD.TO | |
|---|---|---|
| YTD Return | 10.65% | 19.10% |
| 1Y Return | 14.08% | 26.13% |
| 3Y Return (Ann) | 7.91% | 9.76% |
| 5Y Return (Ann) | 8.93% | 12.64% |
| 10Y Return (Ann) | 7.33% | 11.72% |
| Sharpe Ratio | 1.32 | 2.59 |
| Daily Std Dev | 10.84% | 9.84% |
| Max Drawdown | -58.56% | -27.48% |
| Current Drawdown | -3.73% | -0.56% |
Correlation
The correlation between XIN.TO and XWD.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XIN.TO vs. XWD.TO - Performance Comparison
In the year-to-date period, XIN.TO achieves a 10.65% return, which is significantly lower than XWD.TO's 19.10% return. Over the past 10 years, XIN.TO has underperformed XWD.TO with an annualized return of 7.33%, while XWD.TO has yielded a comparatively higher 11.72% 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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XIN.TO vs. XWD.TO - Expense Ratio Comparison
XIN.TO has a 0.52% expense ratio, which is higher than XWD.TO's 0.48% expense ratio.
Risk-Adjusted Performance
XIN.TO vs. XWD.TO - 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 iShares MSCI World Index ETF (XWD.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.
Dividends
XIN.TO vs. XWD.TO - Dividend Comparison
XIN.TO's dividend yield for the trailing twelve months is around 2.46%, more than XWD.TO's 1.21% 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% |
XWD.TO iShares MSCI World Index ETF | 1.21% | 1.39% | 1.36% | 1.21% | 1.06% | 1.76% | 1.94% | 1.63% | 1.83% | 1.84% | 2.15% | 1.62% |
Drawdowns
XIN.TO vs. XWD.TO - Drawdown Comparison
The maximum XIN.TO drawdown since its inception was -58.56%, which is greater than XWD.TO's maximum drawdown of -27.48%. Use the drawdown chart below to compare losses from any high point for XIN.TO and XWD.TO. For additional features, visit the drawdowns tool.
Volatility
XIN.TO vs. XWD.TO - Volatility Comparison
iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) has a higher volatility of 4.51% compared to iShares MSCI World Index ETF (XWD.TO) at 3.54%. This indicates that XIN.TO's price experiences larger fluctuations and is considered to be riskier than XWD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.