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XVLU.TO vs. EIT-UN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XVLU.TO vs. EIT-UN.TO

Last updated Jun 4, 2026

XVLU.TO (iShares MSCI USA Value Factor Index ETF) and EIT-UN.TO (Canoe EIT Income Fund) are both funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while EIT-UN.TO is a Diversified Portfolio fund actively managed by Canoe. XVLU.TO is passively managed, while EIT-UN.TO is actively managed. Over the past 5 years, XVLU.TO returned 19.03%/yr vs 131.16%/yr for EIT-UN.TO. At a 0.35 correlation, their price movements are largely independent. XVLU.TO charges 0.32%/yr vs 1.10%/yr for EIT-UN.TO.

Performance

XVLU.TO vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Value Factor Index ETF (XVLU.TO) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XVLU.TO achieves a 50.62% return, which is significantly higher than EIT-UN.TO's 27.79% return.

XVLU.TO

1D
0.06%
1M
23.30%
YTD
50.62%
6M
51.55%
1Y
95.75%
3Y*
35.04%
5Y*
19.03%
10Y*
—

EIT-UN.TO

1D
23.25%
1M
24.15%
YTD
27.79%
6M
33.97%
1Y
25.62%
3Y*
22.10%
5Y*
131.16%
10Y*
118.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XVLU.TO vs. EIT-UN.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XVLU.TO
iShares MSCI USA Value Factor Index ETF		50.62%26.17%15.37%11.09%-8.87%28.64%-3.66%7.29%
EIT-UN.TO
Canoe EIT Income Fund		27.79%3.45%28.25%5.94%10.49%4,164.28%1,973.94%4.16%

Correlation

The correlation between XVLU.TO and EIT-UN.TO is -0.03, 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

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2019

0.35

The correlation between XVLU.TO and EIT-UN.TO shifts across timeframes, from -0.03 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Value Factor Index ETF

Canoe EIT Income Fund

Often compared with XVLU.TO:
XVLU.TO vs. VLUEXVLU.TO vs. VFV.TOXVLU.TO vs. XQLT.TOXVLU.TO vs. XSMC.TOXVLU.TO vs. FCUV.TOXVLU.TO vs. XDU.TOXVLU.TO vs. XDG.TO
Often compared with EIT-UN.TO:
EIT-UN.TO vs. HDIV.TOEIT-UN.TO vs. DFN.TOEIT-UN.TO vs. MNS.TOEIT-UN.TO vs. HDIF.TOEIT-UN.TO vs. ZWC.TOEIT-UN.TO vs. HYLD.TOEIT-UN.TO vs. XEQT.TO

Return for Risk

XVLU.TO vs. EIT-UN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XVLU.TO
XVLU.TO Risk / Return Rank: 9898
Overall Rank
XVLU.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XVLU.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XVLU.TO Omega Ratio Rank: 9797
Omega Ratio Rank
XVLU.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XVLU.TO Martin Ratio Rank: 9898
Martin Ratio Rank
EIT-UN.TO
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.

XVLU.TO vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor Index ETF (XVLU.TO) and Canoe EIT Income Fund (EIT-UN.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.

XVLU.TOEIT-UN.TODifference
Sharpe ratioReturn per unit of total volatility
5.59
1.00

+4.59

Sortino ratioReturn per unit of downside risk
7.16
2.53

+4.62

Omega ratioGain probability vs. loss probability

1.96

3.53

-1.57

Calmar ratioReturn relative to maximum drawdown

13.34

—

—

Martin ratioReturn relative to average drawdown

55.16

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XVLU.TO vs. EIT-UN.TO - Sharpe Ratio Comparison

The current XVLU.TO Sharpe Ratio is 5.59, which is higher than the EIT-UN.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of XVLU.TO and EIT-UN.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.

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Sharpe Ratios by Period

XVLU.TOEIT-UN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.59

1.00

+4.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.20

0.11

+1.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.12

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.00

+0.93

Drawdowns

XVLU.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum XVLU.TO drawdown since its inception was -34.40%, smaller than the maximum EIT-UN.TO drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and EIT-UN.TO.

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Drawdown Indicators

XVLU.TOEIT-UN.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.40%

-56.65%

+22.25%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

0.00%

-7.22%

Max Drawdown (3Y)

Largest decline over 3 years

-17.13%

-10.73%

-6.40%

Max Drawdown (5Y)

Largest decline over 5 years

-20.16%

-15.57%

-4.59%

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.36%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.49%

-3.87%

-2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

6.16%

-4.42%

Volatility

XVLU.TO vs. EIT-UN.TO - Volatility Comparison

The current volatility for iShares MSCI USA Value Factor Index ETF (XVLU.TO) is 7.55%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 20.88%. This indicates that XVLU.TO experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XVLU.TOEIT-UN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.55%

20.88%

-13.33%

Volatility (6M)

Calculated over the trailing 6-month period

14.06%

21.29%

-7.23%

Volatility (1Y)

Calculated over the trailing 1-year period

17.24%

25.85%

-8.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

1,193.88%

-1,177.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.82%

1,020.22%

-1,001.40%

XVLU.TO vs. EIT-UN.TO - Expense Ratio Comparison

XVLU.TO has a 0.32% expense ratio, which is lower than EIT-UN.TO's 1.10% expense ratio.

Dividends

XVLU.TO vs. EIT-UN.TO - Dividend Comparison

XVLU.TO's dividend yield for the trailing twelve months is around 1.12%, less than EIT-UN.TO's 10.19% yield.

PositionTTM20252024202320222021202020192018201720162015
EIT-UN.TO
Canoe EIT Income Fund		10.19%12.56%7.90%9.29%8.97%104.98%108.64%11.53%11.62%11.01%10.06%10.71%
XVLU.TO
iShares MSCI USA Value Factor Index ETF		1.12%1.75%2.17%2.26%2.51%2.03%2.72%0.68%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XVLU.TO and EIT-UN.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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