XEQT VDY HXQ GBTC

Asset Allocation

Position	Category/Sector	Target Weight
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	Dividend	40%
HXQ.TO Horizons NASDAQ-100 Index ETF	Nasdaq-100	30%
XEQT.TO iShares Core Equity ETF Portfolio	Global Equities	20%
GBTC Grayscale Bitcoin Trust ETF	Cryptocurrency	10%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in XEQT VDY HXQ GBTC , comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every year.

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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-1.55%	1.29%	11.24%	9.77%	25.97%	22.19%	14.72%	14.84%
Portfolio XEQT VDY HXQ GBTC	-1.13%	1.23%	16.05%	15.02%	33.06%	33.43%	21.91%	—
Portfolio components:
GBTC Grayscale Bitcoin Trust ETF	-3.33%	-15.56%	-26.88%	-27.31%	-38.71%	39.48%	13.45%	46.31%
HXQ.TO Horizons NASDAQ-100 Index ETF	-2.86%	2.47%	20.53%	19.26%	39.36%	29.01%	19.15%	22.49%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	0.50%	2.89%	24.99%	23.76%	51.43%	29.29%	18.19%	14.75%
XEQT.TO iShares Core Equity ETF Portfolio	-1.14%	2.18%	12.92%	12.31%	30.22%	23.00%	13.61%	—

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

Monthly Returns

Based on dividend-adjusted daily data since Aug 14, 2019, XEQT VDY HXQ GBTC 's average daily return is +0.09%, while the average monthly return is +1.97%. At this rate, an investment would double in approximately 3.0 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +17.2%, while the worst month was Mar 2020 at -12.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, XEQT VDY HXQ GBTC closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 12, 2020 at -12.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.75%	0.81%	-1.35%	8.53%	5.25%	1.39%							16.05%
2025	3.55%	-2.94%	-3.56%	-0.75%	6.73%	3.28%	3.45%	1.69%	5.66%	1.86%	-0.09%	-0.64%	19.18%
2024	2.28%	8.56%	4.57%	-4.54%	5.38%	-0.44%	2.43%	-0.96%	3.62%	2.82%	9.91%	-0.43%	37.54%
2023	11.29%	-0.69%	6.75%	2.26%	-2.81%	8.04%	2.22%	-0.48%	-2.45%	6.86%	8.47%	5.75%	54.09%
2022	-3.05%	-0.20%	2.29%	-6.64%	-1.57%	-10.08%	6.61%	-2.85%	-4.90%	4.64%	3.14%	-5.22%	-17.60%
2021	1.74%	5.34%	5.02%	1.28%	-3.54%	4.20%	2.09%	3.68%	-2.84%	8.14%	0.12%	-0.47%	26.98%

Benchmark Metrics

XEQT VDY HXQ GBTC has an annualized alpha of 10.51%, beta of 0.74, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since August 14, 2019.

This portfolio captured 120.58% of S&P 500 Index gains but only 90.37% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 10.51% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 10.51%

Beta: 0.74

R²: 0.69

Upside Capture: 120.58%

Downside Capture: 90.37%

See how alpha, beta & R² have trended over time →

Expense Ratio

XEQT VDY HXQ GBTC has an expense ratio of 0.35%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

GBTC

Grayscale Bitcoin Trust ETF

HXQ.TO

Horizons NASDAQ-100 Index ETF

VDY.TO

Vanguard FTSE Canadian High Dividend Yield Index ETF

XEQT.TO

iShares Core Equity ETF Portfolio

Return for Risk

Risk / Return Rank

XEQT VDY HXQ GBTC ranks 89 for risk / return — in the top 89% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

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.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for XEQT VDY HXQ GBTC and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.84	2.02	+0.82
Sortino ratioReturn per unit of downside risk	3.72	2.80	+0.92
Omega ratioGain probability vs. loss probability	1.52	1.35	+0.17
Calmar ratioReturn relative to maximum drawdown	5.94	2.84	+3.09
Martin ratioReturn relative to average drawdown	19.16	10.55	+8.61

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
GBTC Grayscale Bitcoin Trust ETF	3	-0.87	-1.21	0.87	-0.74	-1.24
HXQ.TO Horizons NASDAQ-100 Index ETF	68	2.28	2.97	1.41	3.18	10.07
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	98	6.22	8.86	2.25	16.57	67.58
XEQT.TO iShares Core Equity ETF Portfolio	80	2.48	3.39	1.46	3.68	15.80

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current XEQT VDY HXQ GBTC Sharpe ratio is 2.84 as of Jun 24, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.49 to 2.37, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of XEQT VDY HXQ GBTC compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

XEQT VDY HXQ GBTC provided a 1.51% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.51%	1.77%	2.16%	2.28%	2.20%	1.71%	2.17%	1.94%	1.77%	1.93%	1.30%	1.64%
Portfolio components:
GBTC Grayscale Bitcoin Trust ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%	0.00%	0.00%
HXQ.TO Horizons NASDAQ-100 Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF	3.05%	3.59%	4.37%	4.64%	4.42%	3.46%	4.59%	4.25%	4.44%	3.42%	3.25%	4.11%
XEQT.TO iShares Core Equity ETF Portfolio	1.48%	1.66%	2.03%	2.09%	2.14%	1.66%	1.69%	1.21%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the XEQT VDY HXQ GBTC . A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the XEQT VDY HXQ GBTC was 32.22%, occurring on Mar 23, 2020. Recovery took 104 trading sessions.

The current XEQT VDY HXQ GBTC drawdown is 1.13%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-32.22%Mar 2020	1mo 9d	4mo 27d	6mo 6dFeb 2020 - Aug 2020
Bear market2022	-23.17%Oct 2022	11mo 1d	8mo 20d	1y 7moNov 2021 - Jun 2023
2025 selloff2025	-16.52%Apr 2025	2mo 7d	2mo 3d	4mo 10dJan 2025 - Jun 2025
2020 pullback2020	-9.15%Sep 2020	20d	1mo 13d	2mo 3dSep 2020 - Nov 2020
2024 pullback2024	-8.95%Aug 2024	15d	1mo 13d	1mo 28dJul 2024 - Sep 2024

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 4 assets, with an effective number of assets of 3.33, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.28	1.31	1.29	1.30

The portfolio has a diversification ratio of 1.30, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

XEQT VDY HXQ GBTC correlation to the S&P 500 Index

XEQT VDY HXQ GBTC has a 0.80 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019	0.74

Benchmark Correlations

Correlation vs. S&P 500 Index. XEQT.TO has the highest benchmark correlation at 0.80, while GBTC has the lowest at 0.40.

0.40

0.53

0.75

0.80

Portfolio Correlations

Correlation vs. XEQT VDY HXQ GBTC . XEQT.TO has the highest portfolio correlation at 0.80, while VDY.TO has the lowest at 0.61.

0.61

0.72

0.73

0.80

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	GBTC	VDY.TO	HXQ.TO	XEQT.TO
GBTC	1.00	0.22	0.32	0.34
VDY.TO	0.22	1.00	0.33	0.65
HXQ.TO	0.32	0.33	1.00	0.79
XEQT.TO	0.34	0.65	0.79	1.00

The correlation results are calculated based on daily price changes starting from Aug 14, 2019

Diversification Analysis

Find what XEQT VDY HXQ GBTC is missing

See which holdings overlap, where XEQT VDY HXQ GBTC is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification