XIU.TO vs. EIT-UN.TO

Last updated Jun 9, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and EIT-UN.TO (Canoe EIT Income Fund) are both funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe. XIU.TO is passively managed, while EIT-UN.TO is actively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 15.69%/yr for EIT-UN.TO. A 0.58 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 1.10%/yr for EIT-UN.TO.

Performance

XIU.TO vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIU.TO achieves a 9.69% return, which is significantly lower than EIT-UN.TO's 13.19% return. Over the past 10 years, XIU.TO has underperformed EIT-UN.TO with an annualized return of 12.76%, while EIT-UN.TO has yielded a comparatively higher 15.69% annualized return.

XIU.TO

• 1D: 0.26%
• 1M: 2.33%
• YTD: 9.69%
• 6M: 11.69%
• 1Y: 31.18%
• 3Y*: 22.55%
• 5Y*: 14.33%
• 10Y*: 12.76%

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

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

XIU.TO vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XIU.TO iShares S&P/TSX 60 Index ETF	9.69%	28.89%	20.73%	11.85%	-6.35%	28.06%	5.27%	21.81%	-7.82%	9.58%
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%

Correlation

The correlation between XIU.TO and EIT-UN.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 10, 2006	0.58

The correlation between XIU.TO and EIT-UN.TO has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Return for Risk

XIU.TO vs. EIT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XIU.TO

XIU.TO Risk / Return Rank: 86
XIU.TO Sharpe Ratio Rank: 88
XIU.TO Sortino Ratio Rank: 86
XIU.TO Omega Ratio Rank: 85
XIU.TO Calmar Ratio Rank: 84
XIU.TO Martin Ratio Rank: 90

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

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.

XIU.TO vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and Canoe EIT Income Fund (EIT-UN.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.

	XIU.TO	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.29	+0.33
Sortino ratio: Return per unit of downside risk	3.49	3.46	+0.03
Omega ratio: Gain probability vs. loss probability	1.47	1.42	+0.05
Calmar ratio: Return relative to maximum drawdown	4.09	3.40	+0.69
Martin ratio: Return relative to average drawdown	18.93	13.03	+5.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIU.TO vs. EIT-UN.TO - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.62, which is comparable to the EIT-UN.TO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of XIU.TO and EIT-UN.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

	XIU.TO	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.29	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	1.40	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.90	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.45	+0.09

Drawdowns

XIU.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, smaller than the maximum EIT-UN.TO drawdown of -63.56%. Use the drawdown chart below to compare losses from any high point for XIU.TO and EIT-UN.TO.

Drawdown Indicators

	XIU.TO	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-46.98%	-63.56%	+16.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-5.93%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-12.36%	-9.45%	-2.91%
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	-15.57%	-0.79%
Max Drawdown (10Y) Largest decline over 10 years	-35.46%	-50.36%	+14.90%
Current Drawdown Current decline from peak	-1.68%	-0.52%	-1.16%
Average Drawdown Average peak-to-trough decline	-6.85%	-8.81%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.55%	+0.10%

Volatility

XIU.TO vs. EIT-UN.TO - Volatility Comparison

iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.96% compared to Canoe EIT Income Fund (EIT-UN.TO) at 2.55%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIU.TO	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	2.55%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	7.53%	+2.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	8.82%	+3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	12.22%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	17.53%	-2.51%

XIU.TO vs. EIT-UN.TO - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is lower than EIT-UN.TO's 1.10% expense ratio.

Dividends

XIU.TO vs. EIT-UN.TO - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.21%, less than EIT-UN.TO's 6.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%
XIU.TO iShares S&P/TSX 60 Index ETF	2.21%	2.39%	2.92%	3.16%	3.02%	2.43%	3.03%	2.87%	3.18%	2.58%	2.65%	3.19%

Frequently Asked Questions

Can I hold both XIU.TO and EIT-UN.TO in my portfolio?

XIU.TO and EIT-UN.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.