XTR.TO vs. MIX.TO

Last updated Jun 4, 2026

XTR.TO (iShares Diversified Monthly Income ETF) and MIX.TO (Hamilton Enhanced Mixed Asset ETF) are both Diversified Portfolio funds - XTR.TO tracks the Morningstar Can Neut Tgt Alloc NR CAD while MIX.TO tracks the Solactive Hamilton Mixed Asset Index. Both are passively managed. Over the past year, XTR.TO returned 13.02% vs 28.31% for MIX.TO. At a 0.50 correlation, their price movements are largely independent. XTR.TO charges 0.61%/yr vs 0.00%/yr for MIX.TO.

Performance

XTR.TO vs. MIX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Diversified Monthly Income ETF (XTR.TO) and Hamilton Enhanced Mixed Asset ETF (MIX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTR.TO achieves a 6.55% return, which is significantly lower than MIX.TO's 8.17% return.

XTR.TO

• 1D: 0.16%
• 1M: 2.50%
• YTD: 6.55%
• 6M: 6.45%
• 1Y: 13.02%
• 3Y*: 10.98%
• 5Y*: 6.00%
• 10Y*: 5.99%

MIX.TO

• 1D: -0.70%
• 1M: 3.91%
• YTD: 8.17%
• 6M: 7.84%
• 1Y: 28.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTR.TO vs. MIX.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XTR.TO iShares Diversified Monthly Income ETF	6.55%	8.18%
MIX.TO Hamilton Enhanced Mixed Asset ETF	8.17%	25.24%

Correlation

The correlation between XTR.TO and MIX.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.50

Return for Risk

XTR.TO vs. MIX.TO — Risk / Return Rank

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

XTR.TO

XTR.TO Risk / Return Rank: 85
XTR.TO Sharpe Ratio Rank: 85
XTR.TO Sortino Ratio Rank: 90
XTR.TO Omega Ratio Rank: 89
XTR.TO Calmar Ratio Rank: 78
XTR.TO Martin Ratio Rank: 84

MIX.TO

MIX.TO Risk / Return Rank: 63
MIX.TO Sharpe Ratio Rank: 67
MIX.TO Sortino Ratio Rank: 66
MIX.TO Omega Ratio Rank: 66
MIX.TO Calmar Ratio Rank: 54
MIX.TO Martin Ratio Rank: 62

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.

XTR.TO vs. MIX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.TO) and Hamilton Enhanced Mixed Asset ETF (MIX.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.

	XTR.TO	MIX.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.22	+0.63
Sortino ratio: Return per unit of downside risk	4.22	3.02	+1.20
Omega ratio: Gain probability vs. loss probability	1.58	1.40	+0.17
Calmar ratio: Return relative to maximum drawdown	3.97	2.66	+1.31
Martin ratio: Return relative to average drawdown	17.48	11.08	+6.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTR.TO vs. MIX.TO - Sharpe Ratio Comparison

The current XTR.TO Sharpe Ratio is 2.85, which is comparable to the MIX.TO Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of XTR.TO and MIX.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

	XTR.TO	MIX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.22	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	2.53	-2.14

Drawdowns

XTR.TO vs. MIX.TO - Drawdown Comparison

The maximum XTR.TO drawdown since its inception was -51.42%, which is greater than MIX.TO's maximum drawdown of -10.71%. Use the drawdown chart below to compare losses from any high point for XTR.TO and MIX.TO.

Drawdown Indicators

	XTR.TO	MIX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-51.42%	-10.71%	-40.71%
Max Drawdown (1Y) Largest decline over 1 year	-3.29%	-10.71%	+7.42%
Max Drawdown (3Y) Largest decline over 3 years	-6.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.92%	—	—
Current Drawdown Current decline from peak	-0.16%	-0.70%	+0.54%
Average Drawdown Average peak-to-trough decline	-4.96%	-1.38%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	2.56%	-1.81%

Volatility

XTR.TO vs. MIX.TO - Volatility Comparison

The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.60%, while Hamilton Enhanced Mixed Asset ETF (MIX.TO) has a volatility of 4.07%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky than MIX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTR.TO	MIX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.60%	4.07%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	3.75%	10.51%	-6.76%
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	12.82%	-8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.27%	12.63%	-6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.33%	12.63%	-4.30%

XTR.TO vs. MIX.TO - Expense Ratio Comparison

XTR.TO has a 0.61% expense ratio, which is higher than MIX.TO's 0.00% expense ratio.

Dividends

XTR.TO vs. MIX.TO - Dividend Comparison

XTR.TO's dividend yield for the trailing twelve months is around 3.92%, more than MIX.TO's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MIX.TO Hamilton Enhanced Mixed Asset ETF	1.57%	1.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XTR.TO iShares Diversified Monthly Income ETF	3.92%	4.10%	4.27%	4.61%	4.62%	4.21%	5.56%	5.38%	5.75%	5.24%	5.30%	6.81%

Frequently Asked Questions

Can I hold both XTR.TO and MIX.TO in my portfolio?

XTR.TO and MIX.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XTR.TO or MIX.TO?

On fees, MIX.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XTR.TO or MIX.TO?

MIX.TO is cheaper with a 0.00% expense ratio, compared with 0.61% for XTR.TO.

What is the main difference between XTR.TO and MIX.TO?

XTR.TO tracks Morningstar Can Neut Tgt Alloc NR CAD, while MIX.TO tracks Solactive Hamilton Mixed Asset Index. They also come from different issuers: iShares and Hamilton. Their fees differ too: 0.61% for XTR.TO and 0.00% for MIX.TO.