XEQT VDY HXQ

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	30%

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, 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	-0.99%	2.56%	20.03%	18.98%	41.41%	27.54%	17.63%	—
Portfolio components:
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's average daily return is +0.07%, while the average monthly return is +1.52%. At this rate, an investment would double in approximately 3.8 years.

Historically, 70% of months were positive and 30% were negative. The best month was Nov 2020 with a return of +11.2%, while the worst month was Mar 2020 at -10.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, XEQT VDY HXQ closed higher 58% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 12, 2020 at -10.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.52%	3.08%	-2.12%	8.11%	5.89%	2.37%							20.03%
2025	3.01%	-1.18%	-3.58%	-1.89%	6.19%	3.42%	2.73%	2.85%	5.44%	2.45%	1.63%	-0.24%	22.39%
2024	1.30%	3.89%	2.94%	-2.25%	3.83%	1.47%	3.05%	0.74%	2.96%	1.29%	5.32%	-0.40%	26.70%
2023	7.29%	-0.28%	1.53%	2.49%	-0.40%	3.39%	2.80%	-0.57%	-3.51%	-1.58%	7.51%	3.61%	23.97%
2022	-1.14%	-1.31%	2.25%	-6.14%	0.25%	-7.94%	5.95%	-2.27%	-4.88%	4.71%	4.59%	-5.23%	-11.66%
2021	0.87%	3.39%	3.30%	2.78%	0.93%	4.36%	0.89%	3.06%	-2.29%	4.76%	0.60%	2.65%	28.18%

Benchmark Metrics

XEQT VDY HXQ has an annualized alpha of 6.74%, beta of 0.68, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since August 14, 2019.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (94.12%) than losses (77.21%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 6.74% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 0.68 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 6.74%

Beta: 0.68

R²: 0.79

Upside Capture: 94.12%

Downside Capture: 77.21%

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

Expense Ratio

XEQT VDY HXQ has an expense ratio of 0.22%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

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 ranks 98 for risk / return — in the top 98% 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 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	4.04	2.02	+2.02
Sortino ratioReturn per unit of downside risk	5.30	2.80	+2.50
Omega ratioGain probability vs. loss probability	1.78	1.35	+0.42
Calmar ratioReturn relative to maximum drawdown	8.30	2.84	+5.45
Martin ratioReturn relative to average drawdown	35.42	10.55	+24.87

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
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 Sharpe ratio is 4.04 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 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 provided a 1.66% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.66%	1.94%	2.36%	2.48%	2.41%	1.88%	2.34%	2.06%	1.77%	1.37%	1.30%	1.64%
Portfolio components:
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. 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 was 30.69%, occurring on Mar 23, 2020. Recovery took 106 trading sessions.

The current XEQT VDY HXQ drawdown is 0.99%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-30.69%Mar 2020	1mo 2d	5mo 4d	6mo 6dFeb 2020 - Aug 2020
Bear market2022	-17.30%Oct 2022	8mo 27d	8mo 25d	1y 5moJan 2022 - Jul 2023
2025 selloff2025	-15.14%Apr 2025	2mo 7d	1mo 29d	4mo 6dJan 2025 - Jun 2025
2020 pullback2020	-7.52%Sep 2020	20d	1mo 24d	2mo 14dSep 2020 - Nov 2020
2023 pullback2023	-7.16%Oct 2023	1mo 22d	18d	2mo 10dSep 2023 - Nov 2023

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 3 assets, with an effective number of assets of 2.94, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.17	1.14	1.15	1.15

The portfolio has a diversification ratio of 1.15, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

XEQT VDY HXQ correlation to the S&P 500 Index

XEQT VDY HXQ has a 0.82 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019	0.82

Benchmark Correlations

Correlation vs. S&P 500 Index. XEQT.TO has the highest benchmark correlation at 0.80, while VDY.TO has the lowest at 0.54.

VDY.TO

0.54

HXQ.TO

0.76

XEQT.TO

0.80

Portfolio Correlations

Correlation vs. XEQT VDY HXQ. XEQT.TO has the highest portfolio correlation at 0.95, while VDY.TO has the lowest at 0.73.

VDY.TO

0.73

HXQ.TO

0.84

XEQT.TO

0.95

Asset Correlations Table

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

	VDY.TO	HXQ.TO	XEQT.TO
VDY.TO	1.00	0.33	0.65
HXQ.TO	0.33	1.00	0.79
XEQT.TO	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 is missing

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

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