XST.TO vs. CWO.NEO
XST.TO (iShares S&P/TSX Capped Consumer Staples Index ETF) and CWO.NEO (iShares Emerging Markets Fundamental Index ETF) are both exchange-traded funds - XST.TO is a Consumer Staples Equities fund tracking the Morningstar Gbl GR CAD, while CWO.NEO is a Emerging Markets Equities fund tracking the FTSE RAFI Emerging Markets Index. Both are passively managed. Over the past 10 years, XST.TO returned 9.62%/yr vs 11.24%/yr for CWO.NEO. At a 0.19 correlation, their price movements are largely independent. XST.TO charges 0.61%/yr vs 0.73%/yr for CWO.NEO.
Performance
XST.TO vs. CWO.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XST.TO achieves a 1.77% return, which is significantly lower than CWO.NEO's 13.27% return. Over the past 10 years, XST.TO has underperformed CWO.NEO with an annualized return of 9.62%, while CWO.NEO has yielded a comparatively higher 11.24% annualized return.
XST.TO
- 1D
- 0.28%
- 1M
- 1.37%
- YTD
- 1.77%
- 6M
- 0.81%
- 1Y
- 7.32%
- 3Y*
- 13.98%
- 5Y*
- 12.73%
- 10Y*
- 9.62%
CWO.NEO
- 1D
- -0.47%
- 1M
- 2.68%
- YTD
- 13.27%
- 6M
- 12.25%
- 1Y
- 33.89%
- 3Y*
- 22.83%
- 5Y*
- 11.44%
- 10Y*
- 11.24%
XST.TO vs. CWO.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XST.TO iShares S&P/TSX Capped Consumer Staples Index ETF | 1.77% | 16.38% | 19.83% | 6.37% | 8.76% | 20.39% | 3.48% | 12.13% | 1.65% | 6.95% |
CWO.NEO iShares Emerging Markets Fundamental Index ETF | 13.27% | 26.34% | 22.33% | 9.56% | -9.03% | 7.13% | -3.12% | 10.86% | -0.29% | 17.16% |
Correlation
The correlation between XST.TO and CWO.NEO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2012 | 0.19 |
The correlation between XST.TO and CWO.NEO shifts across timeframes, from -0.05 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XST.TO vs. CWO.NEO — Risk / Return Rank
XST.TO
CWO.NEO
XST.TO vs. CWO.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) and iShares Emerging Markets Fundamental Index ETF (CWO.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.
| XST.TO | CWO.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 3.12 | -2.43 |
| Martin ratioReturn relative to average drawdown | 1.65 | 11.86 | -10.21 |
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
| XST.TO | CWO.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 2.20 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.69 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.64 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.45 | +0.53 |
Drawdowns
XST.TO vs. CWO.NEO - Drawdown Comparison
The maximum XST.TO drawdown since its inception was -22.65%, smaller than the maximum CWO.NEO drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for XST.TO and CWO.NEO.
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Drawdown Indicators
| XST.TO | CWO.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -31.99% | +9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -10.90% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -17.12% | +6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -10.86% | -24.80% | +13.94% |
Max Drawdown (10Y)Largest decline over 10 years | -22.65% | -31.97% | +9.32% |
Current DrawdownCurrent decline from peak | -6.39% | -1.89% | -4.50% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -10.28% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.86% | +1.58% |
Volatility
XST.TO vs. CWO.NEO - Volatility Comparison
The current volatility for iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) is 4.72%, while iShares Emerging Markets Fundamental Index ETF (CWO.NEO) has a volatility of 5.38%. This indicates that XST.TO experiences smaller price fluctuations and is considered to be less risky than CWO.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XST.TO | CWO.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 5.38% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 12.46% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.12% | 15.50% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 16.64% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 17.51% | -2.56% |
XST.TO vs. CWO.NEO - Expense Ratio Comparison
XST.TO has a 0.61% expense ratio, which is lower than CWO.NEO's 0.73% expense ratio.
Dividends
XST.TO vs. CWO.NEO - Dividend Comparison
XST.TO's dividend yield for the trailing twelve months is around 0.68%, less than CWO.NEO's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWO.NEO iShares Emerging Markets Fundamental Index ETF | 2.46% | 2.79% | 3.50% | 4.14% | 5.03% | 4.61% | 2.64% | 3.01% | 3.22% | 2.60% | 2.57% | 3.23% |
XST.TO iShares S&P/TSX Capped Consumer Staples Index ETF | 0.68% | 0.67% | 0.86% | 0.79% | 0.74% | 0.68% | 0.74% | 0.73% | 0.81% | 0.90% | 0.52% | 0.62% |
Frequently Asked Questions
XST.TO and CWO.NEO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XST.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XST.TO is cheaper with a 0.61% expense ratio, compared with 0.73% for CWO.NEO.
XST.TO is categorized as Consumer Staples Equities, while CWO.NEO is Emerging Markets Equities. XST.TO tracks Morningstar Gbl GR CAD, while CWO.NEO tracks FTSE RAFI Emerging Markets Index. Their fees differ too: 0.61% for XST.TO and 0.73% for CWO.NEO.
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