XIU.TO vs. RAAX
XIU.TO (iShares S&P/TSX 60 Index ETF) and RAAX (VanEck Inflation Allocation ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while RAAX is a Diversified Portfolio fund actively managed by VanEck. XIU.TO is passively managed, while RAAX is actively managed. Over the past 5 years, XIU.TO returned 14.53%/yr vs 16.49%/yr for RAAX. At a 0.49 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.78%/yr for RAAX.
Performance
XIU.TO vs. RAAX - Performance Comparison
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Different Trading Currencies
XIU.TO is traded in CAD, while RAAX is traded in USD. To make them comparable, the RAAX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XIU.TO achieves a 11.35% return, which is significantly lower than RAAX's 20.02% return.
XIU.TO
- 1D
- 0.62%
- 1M
- 3.42%
- YTD
- 11.35%
- 6M
- 12.04%
- 1Y
- 32.96%
- 3Y*
- 22.94%
- 5Y*
- 14.53%
- 10Y*
- 13.04%
RAAX
- 1D
- 2.45%
- 1M
- -0.06%
- YTD
- 20.02%
- 6M
- 19.24%
- 1Y
- 35.74%
- 3Y*
- 23.17%
- 5Y*
- 16.49%
- 10Y*
- —
XIU.TO vs. RAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 11.35% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -2.45% |
RAAX VanEck Inflation Allocation ETF | 20.02% | 20.96% | 22.02% | 4.18% | 7.95% | 21.50% | -10.44% | 1.77% | 4.66% |
Correlation
The correlation between XIU.TO and RAAX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.49 |
The correlation between XIU.TO and RAAX shifts across timeframes, from 0.43 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XIU.TO vs. RAAX — Risk / Return Rank
XIU.TO
RAAX
XIU.TO vs. RAAX - 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 VanEck Inflation Allocation ETF (RAAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XIU.TO | RAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.46 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 5.76 | -1.51 |
| Martin ratioReturn relative to average drawdown | 19.57 | 21.64 | -2.06 |
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Drawdowns
XIU.TO vs. RAAX - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than RAAX's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for XIU.TO and RAAX.
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Drawdown Indicators
| XIU.TO | RAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.98% | -29.03% | -17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -6.34% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -11.92% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -17.70% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.74% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -5.19% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.69% | -0.03% |
Volatility
XIU.TO vs. RAAX - Volatility Comparison
The current volatility for iShares S&P/TSX 60 Index ETF (XIU.TO) is 4.06%, while VanEck Inflation Allocation ETF (RAAX) has a volatility of 4.84%. This indicates that XIU.TO experiences smaller price fluctuations and is considered to be less risky than RAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIU.TO | RAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.84% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 12.44% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 14.43% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 16.55% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 16.76% | -1.74% |
XIU.TO vs. RAAX - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is lower than RAAX's 0.78% expense ratio.
Dividends
XIU.TO vs. RAAX - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.18%, more than RAAX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.18% | 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
XIU.TO and RAAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.78% for RAAX.
XIU.TO is categorized as Canada Equities, while RAAX is Diversified Portfolio. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.18% for XIU.TO and 0.78% for RAAX.
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