WSHR.NEO Alternatives & Similar ETFs

Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) belongs to the Global Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with WSHR.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to WSHR.NEO

WSHR.NEO charges 0.56% annually. There are 24 ETFs in the Global Equities category with lower expense ratios, going as low as 0.17%.

Symbol	Name	Expense Ratio	AUM	Inception
TEQT.TO	TD All-Equity ETF Portfolio	0.17%	—	Apr 2025	WSHR.NEO vs TEQT.TO
MEQT.TO	Mackenzie All-Equity Allocation ETF	0.17%	—	Nov 2023	WSHR.NEO vs MEQT.TO
ZEQT.TO	BMO All-Equity ETF	0.18%	890.17M	Jan 2022	WSHR.NEO vs ZEQT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	0.20%	20.38B	Aug 2019	WSHR.NEO vs XEQT.TO
XEF-U.TO	iShares Core MSCI EAFE IMI Index ETF	0.21%	—	Apr 2013	WSHR.NEO vs XEF-U.TO

Best Risk-Adjusted Alternatives to WSHR.NEO

WSHR.NEO has a PortfoliosLab risk / return rank of 37. There are 39 ETFs in the Global Equities category with higher risk-adjusted ranks, going as high as 92.

Symbol	Name	Risk / Return Rank	AUM	Inception
ONEQ.TO	CI Global Core Plus Equity ETF	92	57.12M	Sep 2015	WSHR.NEO vs ONEQ.TO
FGEP.TO	Fidelity Global Equity+ Fund ETF	90	—	Oct 2023	WSHR.NEO vs FGEP.TO
VVL.TO	Vanguard Global Value Factor ETF	89	800.80M	Jun 2016	WSHR.NEO vs VVL.TO
CYH.TO	iShares Global Monthly Dividend Index ETF (CAD-Hed...	88	196.13M	Jan 2008	WSHR.NEO vs CYH.TO
CIE.NEO	iShares International Fundamental Common Class	88	—	Feb 2007	WSHR.NEO vs CIE.NEO

Top Performing WSHR.NEO Alternatives (YTD)

WSHR.NEO is at 8.73% YTD. There are 39 ETFs in the Global Equities category with higher YTD returns, going as high as 43.70%.

Symbol	Name	YTD Return	AUM	Inception
HBGD.TO	Global X Big Data & Hardware Index ETF	43.70%	58.22M	Jun 2018	WSHR.NEO vs HBGD.TO
FINN.NEO	Fidelity Global Innovators ETF	33.45%	—	May 2023	WSHR.NEO vs FINN.NEO
CYBR.TO	Evolve Cyber Security Index Fund - Hedged Units	28.88%	215.61M	Sep 2017	WSHR.NEO vs CYBR.TO
CLML.TO	CI Global Climate Leaders Fund	25.72%	—	Jul 2021	WSHR.NEO vs CLML.TO
VMO.TO	Vanguard Global Momentum Factor ETF	19.12%	511.94M	Jun 2016	WSHR.NEO vs VMO.TO

Lowest Volatility Alternatives to WSHR.NEO

WSHR.NEO has 10.76% 1-year volatility. There are 7 ETFs in the Global Equities category with lower 1-year volatility, going as low as 7.73%.

Symbol	Name	Volatility 1Y	AUM	Inception
XMW.TO	iShares MSCI Min Vol Global Index ETF	7.73%	168.78M	Jul 2012	WSHR.NEO vs XMW.TO
VVO.TO	Vanguard Global Minimum Volatility ETF	7.76%	42.10M	Jun 2016	WSHR.NEO vs VVO.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	9.20%	133.94M	Jul 2020	WSHR.NEO vs PFLS.TO
XDGH.TO	iShares Core MSCI Global Quality Dividend Index ET...	9.98%	172.86M	Jun 2017	WSHR.NEO vs XDGH.TO
XMY.TO	iShares MSCI Min Vol Global Index ETF (CAD-Hedged)	10.26%	21.99M	Apr 2016	WSHR.NEO vs XMY.TO

Lowest Drawdown Alternatives to WSHR.NEO

WSHR.NEO has a 1-year max drawdown of -8.96%. There are 22 ETFs in the Global Equities category with shallower 1-year drawdowns, going as shallow as -5.03%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TINF.TO	TD Active Global Infrastructure Equity ETF	-5.03%	454.08M	May 2020	WSHR.NEO vs TINF.TO
XMW.TO	iShares MSCI Min Vol Global Index ETF	-5.14%	168.78M	Jul 2012	WSHR.NEO vs XMW.TO
CYH.TO	iShares Global Monthly Dividend Index ETF (CAD-Hed...	-5.34%	196.13M	Jan 2008	WSHR.NEO vs CYH.TO
XDGH.TO	iShares Core MSCI Global Quality Dividend Index ET...	-6.38%	172.86M	Jun 2017	WSHR.NEO vs XDGH.TO
VVO.TO	Vanguard Global Minimum Volatility ETF	-6.47%	42.10M	Jun 2016	WSHR.NEO vs VVO.TO

Other ETFs from Mackenzie

The 10 most viewed Mackenzie ETFs shown here include QCN.TO, QUU.TO, QQQQ.TO and span 8 categories. AUM among these funds goes as high as $6B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	Canada Equities	90	12.82%	5.73B	Jan 2018	WSHR.NEO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	72	11.83%	6.19B	Jan 2018	WSHR.NEO vs QUU.TO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Nasdaq-100	—	15.71%	—	Aug 2025	WSHR.NEO vs QQQQ.TO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	64	12.77%	1.69B	Jan 2018	WSHR.NEO vs QDX.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	15	-0.37%	293.47M	Jan 2018	WSHR.NEO vs QTIP.NEO
MGRW.TO	Mackenzie Growth Allocation ETF	Diversified Portfolio	87	9.83%	—	Sep 2020	WSHR.NEO vs MGRW.TO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	94	1.45%	—	May 2025	WSHR.NEO vs MAAA.TO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	Foreign Large Cap Equities	86	12.31%	39.91M	Jan 2018	WSHR.NEO vs QDXH.TO
QEBL.TO	Mackenzie Emerging Markets Local Currency Bond Ind...	Emerging Markets Bonds	27	1.70%	118.41M	Oct 2019	WSHR.NEO vs QEBL.TO
QCE.TO	Mackenzie Canadian Large Cap Equity Index ETF	Canada Equities	94	13.72%	271.91M	Jan 2018	WSHR.NEO vs QCE.TO

Often Compared With WSHR.NEO

Investors most often compare WSHR.NEO with SPUS, SPWO, UMMA. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	S&P 500	62	10.53%	2.38B	Dec 2019	WSHR.NEO vs SPUS
SPWO	SP Funds S&P World (ex-US) ETF	Foreign Large Cap Equities	53	16.77%	189.39M	Dec 2023	WSHR.NEO vs SPWO
UMMA	Wahed Dow Jones Islamic World ETF	Foreign Large Cap Equities	61	20.89%	292.51M	Jan 2022	WSHR.NEO vs UMMA
SPY	State Street SPDR S&P 500 ETF	S&P 500	61	8.94%	790.12B	Jan 1993	WSHR.NEO vs SPY
XST.TO	iShares S&P/TSX Capped Consumer Staples Index ETF	Consumer Staples Equities	27	5.83%	403.19M	Apr 2011	WSHR.NEO vs XST.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	Canada Equities, Low Volatility	84	13.16%	392.70M	Jul 2012	WSHR.NEO vs XMV.TO
VT	Vanguard Total World Stock ETF	Global Equities	60	9.97%	97.00B	Jun 2008	WSHR.NEO vs VT
XML.TO	iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)	Foreign Large Cap Equities, Low Volatility	73	9.26%	48.95M	Apr 2016	WSHR.NEO vs XML.TO
XMI.TO	iShares MSCI Min Vol EAFE Index ETF	Foreign Large Cap Equities, Low Volatility	60	9.90%	175.65M	Jul 2012	WSHR.NEO vs XMI.TO
BGIE.TO	Brompton Global Infrastructure ETF	Infrastructure Equities, Global Equities	49	12.99%	—	Apr 2020	WSHR.NEO vs BGIE.TO
SPRE	SP Funds S&P Global REIT Sharia ETF	REIT	50	13.53%	198.68M	Dec 2020	WSHR.NEO vs SPRE
FCIN.NEO	Fidelity All-International Equity ETF	Foreign Large Cap Equities, Actively Managed	76	15.00%	1.02B	Feb 2024	WSHR.NEO vs FCIN.NEO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	86	12.92%	15.67B	Jan 2019	WSHR.NEO vs VEQT.TO
HLAL	Wahed FTSE USA Shariah ETF	Large Cap Growth Equities	78	12.44%	931.20M	Jul 2019	WSHR.NEO vs HLAL
KNGG.TO	Brompton Global Cash Flow Kings ETF	Global Equities, Quality Factor, Actively Managed	—	—	—	Mar 2026	WSHR.NEO vs KNGG.TO
SPSK	SP Funds Dow Jones Global Sukuk ETF	Global Bonds	22	-0.54%	455.66M	Dec 2019	WSHR.NEO vs SPSK
HEQT.TO	Global X All-Equity Asset Allocation ETF	Global Equities	84	13.34%	—	Sep 2019	WSHR.NEO vs HEQT.TO
VEF.TO	Vanguard FTSE Developed All Cap Ex US	Global Equities	81	14.84%	1.30B	Nov 2011	WSHR.NEO vs VEF.TO
XDG.TO	iShares Core MSCI Global Quality Dividend Index ET...	Quality Factor, Global Equities	82	15.51%	755.08M	Jun 2017	WSHR.NEO vs XDG.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	Gold, Precious Metals	34	-3.51%	—	Mar 2024	WSHR.NEO vs ZGLD.TO

Compare WSHR.NEO with Any Fund or Stock

Compare WSHR.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair WSHR.NEO with funds that move differently

Wealthsimple Shariah World Equity Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WSHR.NEO.

Explore WSHR.NEO Diversifiers

Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) Alternatives