Wealthsimple Shariah World Equity Index ETF (WSHR.NEO)

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

The chart shows the growth of an initial investment of CA$10,000 in Wealthsimple Shariah World Equity Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) has returned 1.59% so far this year and 2.97% over the past 12 months.

Based on dividend-adjusted daily data since May 12, 2021, WSHR.NEO's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, your investment would double in approximately 9.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +9.0%, while the worst month was Jan 2022 at -7.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.

On a daily basis, WSHR.NEO closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +4.8%, while the worst single day was Apr 4, 2025 at -4.5%.

Wealthsimple Shariah World Equity Index ETF has an annualized alpha of 0.22%, beta of 0.51, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since May 13, 2021.

• This ETF participated in 80.46% of S&P 500 Index downside but only 61.86% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.51 may look defensive, but with R² of 0.46 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.46 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

WSHR.NEO has an expense ratio of 0.56%, placing it in the medium range.

WSHR.NEO ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) and compare them to a chosen benchmark (S&P 500 Index).

Wealthsimple Shariah World Equity Index ETF provided a 1.37% dividend yield over the last twelve months, with an annual payout of CA$0.45 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Wealthsimple Shariah World Equity Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Wealthsimple Shariah World Equity Index ETF. 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 Wealthsimple Shariah World Equity Index ETF was 20.86%, occurring on Jun 16, 2022. Recovery took 395 trading sessions.

The current Wealthsimple Shariah World Equity Index ETF drawdown is 5.02%.

The chart below shows the rolling one-month volatility.