XIU.TO vs. XEI.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both Canada Equities funds from iShares - XIU.TO tracks the S&P/TSX 60 Index while XEI.TO tracks the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.62%/yr vs 12.32%/yr for XEI.TO. Their correlation of 0.83 suggests significant overlap in exposure. XIU.TO charges 0.18%/yr vs 0.22%/yr for XEI.TO.
Performance
XIU.TO vs. XEI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIU.TO achieves a 10.14% return, which is significantly lower than XEI.TO's 22.21% return. Both investments have delivered pretty close results over the past 10 years, with XIU.TO having a 12.62% annualized return and XEI.TO not far behind at 12.32%.
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XEI.TO
- 1D
- 0.00%
- 1M
- 3.33%
- YTD
- 22.21%
- 6M
- 23.56%
- 1Y
- 43.59%
- 3Y*
- 22.26%
- 5Y*
- 15.55%
- 10Y*
- 12.32%
XIU.TO vs. XEI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 22.21% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | -7.53% | 25.44% | -10.85% | 7.24% |
Correlation
The correlation between XIU.TO and XEI.TO is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | 0.83 |
Over the past year, the correlation between XIU.TO and XEI.TO has dropped to 0.53 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
XIU.TO vs. XEI.TO - Sectors Allocation Comparison
Sectors
XIU.TO
XEI.TO
Financial Services
Energy
Basic Materials
Technology
Industrials
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
Healthcare
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Financial Services
XIU.TO
XEI.TO
Energy
XIU.TO
XEI.TO
Basic Materials
XIU.TO
XEI.TO
Technology
XIU.TO
XEI.TO
Industrials
XIU.TO
XEI.TO
Consumer Cyclical
XIU.TO
XEI.TO
Consumer Defensive
XIU.TO
XEI.TO
Utilities
XIU.TO
XEI.TO
Communication Services
XIU.TO
XEI.TO
Real Estate
XIU.TO
XEI.TO
Healthcare
XIU.TO
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XEI.TO
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Return for Risk
XIU.TO vs. XEI.TO — Risk / Return Rank
XIU.TO
XEI.TO
XIU.TO vs. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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 | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -5.43 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 2.27 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 19.53 | -15.37 |
| Martin ratioReturn relative to average drawdown | 19.30 | 66.28 | -46.98 |
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
| XIU.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 6.08 | -3.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 1.39 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.77 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.67 | -0.16 |
Drawdowns
XIU.TO vs. XEI.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than XEI.TO's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XEI.TO.
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Drawdown Indicators
| XIU.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.31% | -45.51% | -6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -2.24% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -9.92% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -17.32% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -45.51% | +10.05% |
Current DrawdownCurrent decline from peak | -0.87% | -0.76% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -5.05% | -6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.66% | +0.98% |
Volatility
XIU.TO vs. XEI.TO - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.28% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO 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 | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.87% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 6.01% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 7.21% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 11.24% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 16.01% | -1.00% |
XIU.TO vs. XEI.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is lower than XEI.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XIU.TO vs. XEI.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.20%, less than XEI.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.56% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 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 XEI.TO have a correlation of 0.53, 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 0.22% for XEI.TO.
XIU.TO tracks S&P/TSX 60 Index, while XEI.TO tracks S&P/TSX Composite High Dividend Index. Their fees differ too: 0.18% for XIU.TO and 0.22% for XEI.TO.
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