XSEA.TO vs. XCSR.TO

Last updated Jun 4, 2026

XSEA.TO (iShares ESG Aware MSCI EAFE Index ETF) and XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) are both exchange-traded funds - XSEA.TO is a Foreign Large Cap Equities fund tracking the Morningstar DM xNA GR CAD, while XCSR.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 5 years, XSEA.TO returned 10.75%/yr vs 13.38%/yr for XCSR.TO. A 0.55 correlation means they provide meaningful diversification when combined. XSEA.TO charges 0.28%/yr vs 0.17%/yr for XCSR.TO.

Performance

XSEA.TO vs. XCSR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI EAFE Index ETF (XSEA.TO) and iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSEA.TO achieves a 9.71% return, which is significantly higher than XCSR.TO's 6.62% return.

XSEA.TO

• 1D: -0.55%
• 1M: 5.39%
• YTD: 9.71%
• 6M: 9.76%
• 1Y: 21.42%
• 3Y*: 16.84%
• 5Y*: 10.75%
• 10Y*: —

XCSR.TO

• 1D: -1.10%
• 1M: 4.20%
• YTD: 6.62%
• 6M: 7.53%
• 1Y: 30.67%
• 3Y*: 24.50%
• 5Y*: 13.38%
• 10Y*: —

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

XSEA.TO vs. XCSR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XSEA.TO iShares ESG Aware MSCI EAFE Index ETF	9.71%	23.72%	11.92%	15.28%	-8.97%	11.09%	24.68%
XCSR.TO iShares ESG Advanced MSCI Canada Index ETF	6.62%	35.35%	23.27%	15.18%	-14.41%	22.30%	4,511.52%

Correlation

The correlation between XSEA.TO and XCSR.TO is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020	0.55

The correlation between XSEA.TO and XCSR.TO has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.

XSEA.TO vs. XCSR.TO - Sectors Allocation Comparison

Sectors	XSEA.TO	XCSR.TO
Financial Services	25.3%	49.4%
Industrials	16.6%	6.1%
Technology	12.0%	14.2%
Healthcare	9.3%	0.2%
Consumer Cyclical	7.5%	3.0%
Consumer Defensive	6.3%	5.7%
Basic Materials	4.7%	17.5%
Communication Services	3.8%	1.2%
Energy	3.1%	-
Utilities	2.8%	1.1%
Real Estate	1.7%	1.5%

Return for Risk

XSEA.TO vs. XCSR.TO — Risk / Return Rank

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

XSEA.TO

XSEA.TO Risk / Return Rank: 42
XSEA.TO Sharpe Ratio Rank: 43
XSEA.TO Sortino Ratio Rank: 43
XSEA.TO Omega Ratio Rank: 44
XSEA.TO Calmar Ratio Rank: 36
XSEA.TO Martin Ratio Rank: 44

XCSR.TO

XCSR.TO Risk / Return Rank: 58
XCSR.TO Sharpe Ratio Rank: 60
XCSR.TO Sortino Ratio Rank: 57
XCSR.TO Omega Ratio Rank: 59
XCSR.TO Calmar Ratio Rank: 56
XCSR.TO Martin Ratio Rank: 61

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.

XSEA.TO vs. XCSR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE Index ETF (XSEA.TO) and iShares ESG Advanced MSCI Canada Index ETF (XCSR.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.

	XSEA.TO	XCSR.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.04	-0.54
Sortino ratio: Return per unit of downside risk	2.16	2.76	-0.60
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	1.79	2.77	-0.98
Martin ratio: Return relative to average drawdown	7.13	11.03	-3.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSEA.TO vs. XCSR.TO - Sharpe Ratio Comparison

The current XSEA.TO Sharpe Ratio is 1.50, which is comparable to the XCSR.TO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of XSEA.TO and XCSR.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

	XSEA.TO	XCSR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.04	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.97	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.08	+0.53

Drawdowns

XSEA.TO vs. XCSR.TO - Drawdown Comparison

The maximum XSEA.TO drawdown since its inception was -28.64%, which is greater than XCSR.TO's maximum drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for XSEA.TO and XCSR.TO.

Drawdown Indicators

	XSEA.TO	XCSR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-23.56%	-5.08%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	-11.12%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-14.50%	-12.14%	-2.36%
Max Drawdown (5Y) Largest decline over 5 years	-27.70%	-23.56%	-4.14%
Current Drawdown Current decline from peak	-1.33%	-1.10%	-0.23%
Average Drawdown Average peak-to-trough decline	-5.96%	-5.12%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.79%	+0.22%

Volatility

XSEA.TO vs. XCSR.TO - Volatility Comparison

iShares ESG Aware MSCI EAFE Index ETF (XSEA.TO) has a higher volatility of 5.05% compared to iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) at 4.10%. This indicates that XSEA.TO's price experiences larger fluctuations and is considered to be riskier than XCSR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSEA.TO	XCSR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	4.10%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	12.45%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	15.07%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	13.94%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	1,368.32%	-1,351.45%

XSEA.TO vs. XCSR.TO - Expense Ratio Comparison

XSEA.TO has a 0.28% expense ratio, which is higher than XCSR.TO's 0.17% expense ratio.

Dividends

XSEA.TO vs. XCSR.TO - Dividend Comparison

XSEA.TO's dividend yield for the trailing twelve months is around 2.21%, more than XCSR.TO's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
XCSR.TO iShares ESG Advanced MSCI Canada Index ETF	1.65%	1.73%	2.20%	2.61%	2.78%	1.53%	0.81%	0.00%
XSEA.TO iShares ESG Aware MSCI EAFE Index ETF	2.21%	2.43%	2.90%	2.64%	2.35%	2.12%	1.40%	2.38%

Frequently Asked Questions

Can I hold both XSEA.TO and XCSR.TO in my portfolio?

XSEA.TO and XCSR.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XSEA.TO or XCSR.TO?

On fees, XCSR.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSEA.TO or XCSR.TO?

XCSR.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for XSEA.TO.

What is the main difference between XSEA.TO and XCSR.TO?

XSEA.TO is categorized as Foreign Large Cap Equities, while XCSR.TO is Canada Equities. XSEA.TO tracks Morningstar DM xNA GR CAD, while XCSR.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.28% for XSEA.TO and 0.17% for XCSR.TO.