XIT.TO vs. BGIN.NEO
XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and BGIN.NEO (BMO Global Innovators Fund Active ETF Series) are both Technology Equities funds. XIT.TO is passively managed, while BGIN.NEO is actively managed. Over the past year, XIT.TO returned 9.80% vs 88.73% for BGIN.NEO. At a 0.29 correlation, their price movements are largely independent. XIT.TO charges 0.60%/yr vs 1.07%/yr for BGIN.NEO.
Performance
XIT.TO vs. BGIN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XIT.TO achieves a -4.19% return, which is significantly lower than BGIN.NEO's 54.53% return.
XIT.TO
- 1D
- -3.62%
- 1M
- 5.49%
- YTD
- -4.19%
- 6M
- -5.79%
- 1Y
- 9.80%
- 3Y*
- 17.90%
- 5Y*
- 8.31%
- 10Y*
- 17.57%
BGIN.NEO
- 1D
- 0.78%
- 1M
- 21.71%
- YTD
- 54.53%
- 6M
- 53.21%
- 1Y
- 88.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XIT.TO vs. BGIN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | -4.19% | 15.48% | 30.02% | 14.57% |
BGIN.NEO BMO Global Innovators Fund Active ETF Series | 54.53% | 19.37% | 32.08% | 11.72% |
Correlation
The correlation between XIT.TO and BGIN.NEO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.29 |
The correlation between XIT.TO and BGIN.NEO shifts across timeframes, from 0.29 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIT.TO vs. BGIN.NEO — Risk / Return Rank
XIT.TO
BGIN.NEO
XIT.TO vs. BGIN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and BMO Global Innovators Fund Active ETF Series (BGIN.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.
| XIT.TO | BGIN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.64 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 6.75 | -6.44 |
| Martin ratioReturn relative to average drawdown | 0.62 | 21.35 | -20.72 |
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
| XIT.TO | BGIN.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 3.44 | -3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.57 | -1.27 |
Drawdowns
XIT.TO vs. BGIN.NEO - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, which is greater than BGIN.NEO's maximum drawdown of -29.19%. Use the drawdown chart below to compare losses from any high point for XIT.TO and BGIN.NEO.
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Drawdown Indicators
| XIT.TO | BGIN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.18% | -29.19% | -51.99% |
Max Drawdown (1Y)Largest decline over 1 year | -31.93% | -13.23% | -18.70% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -54.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.15% | — | — |
Current DrawdownCurrent decline from peak | -14.47% | 0.00% | -14.47% |
Average DrawdownAverage peak-to-trough decline | -26.86% | -4.44% | -22.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.74% | 4.17% | +11.57% |
Volatility
XIT.TO vs. BGIN.NEO - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) has a higher volatility of 11.83% compared to BMO Global Innovators Fund Active ETF Series (BGIN.NEO) at 9.24%. This indicates that XIT.TO's price experiences larger fluctuations and is considered to be riskier than BGIN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIT.TO | BGIN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 9.24% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 21.40% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 25.92% | +5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 26.10% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 26.10% | +0.61% |
XIT.TO vs. BGIN.NEO - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is lower than BGIN.NEO's 1.07% expense ratio.
Dividends
XIT.TO vs. BGIN.NEO - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while BGIN.NEO's dividend yield for the trailing twelve months is around 0.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGIN.NEO BMO Global Innovators Fund Active ETF Series | 0.19% | 0.30% | 0.36% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.29% | 0.00% | 0.13% | 0.14% | 0.08% |
Frequently Asked Questions
XIT.TO and BGIN.NEO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIT.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIT.TO is cheaper with a 0.60% expense ratio, compared with 1.07% for BGIN.NEO.
They also come from different issuers: iShares and BMO. Their fees differ too: 0.60% for XIT.TO and 1.07% for BGIN.NEO.
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