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

ETF · Currency in CAD · Last updated Jun 5, 2026

Wealthsimple Shariah World Equity Index ETF seeks to track the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index by investing in low volatility, Shariah-compliant stocks across diversified sectors and market capitalizations in global developed markets.

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 26 ETFs in the Global Equities category with lower expense ratios, going as low as 0.17%.

SymbolNameExpense RatioAUMInception
TEQT.TO
TD All-Equity ETF Portfolio0.17%—Apr 2025WSHR.NEO vs TEQT.TO
MEQT.TO
Mackenzie All-Equity Allocation ETF0.17%—Nov 2023WSHR.NEO vs MEQT.TO
ZEQT.TO
BMO All-Equity ETF0.18%789.04MJan 2022WSHR.NEO vs ZEQT.TO
HEQT.TO
Horizons All-Equity Asset Allocation ETF0.20%—Sep 2019WSHR.NEO vs HEQT.TO
XEQT.TO
iShares Core Equity ETF Portfolio0.20%18.41BAug 2019WSHR.NEO vs XEQT.TO

Best Risk-Adjusted Alternatives to WSHR.NEO

WSHR.NEO has a PortfoliosLab risk / return rank of 24. There are 35 ETFs in the Global Equities category with higher risk-adjusted ranks, going as high as 90.

SymbolNameRisk / Return RankAUMInception
FGEP.TO
Fidelity Global Equity+ Fund ETF
90
—Oct 2023WSHR.NEO vs FGEP.TO
MEQT.TO
Mackenzie All-Equity Allocation ETF
89
—Nov 2023WSHR.NEO vs MEQT.TO
VEQT.TO
Vanguard All-Equity ETF Portfolio
85
14.70BJan 2019WSHR.NEO vs VEQT.TO
TEQT.TO
TD All-Equity ETF Portfolio
84
—Apr 2025WSHR.NEO vs TEQT.TO
CIE.NEO
iShares International Fundamental Common Class
83
—Feb 2007WSHR.NEO vs CIE.NEO

Top Performing WSHR.NEO Alternatives (YTD)

WSHR.NEO is at 5.97% YTD. There are 33 ETFs in the Global Equities category with higher YTD returns, going as high as 26.10%.

SymbolNameYTD ReturnAUMInception
VMO.TO
Vanguard Global Momentum Factor ETF CAD
26.10%
464.43MJun 2016WSHR.NEO vs VMO.TO
CMGG.TO
CI Munro Global Growth Equity Fund
20.49%
—Jan 2021WSHR.NEO vs CMGG.TO
CIE.NEO
iShares International Fundamental Common Class
18.32%
—Feb 2007WSHR.NEO vs CIE.NEO
FGEP.TO
Fidelity Global Equity+ Fund ETF
17.63%
—Oct 2023WSHR.NEO vs FGEP.TO
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF
16.55%
833.59MAug 2013WSHR.NEO vs VDU.TO

Lowest Volatility Alternatives to WSHR.NEO

WSHR.NEO has 11.10% 1-year volatility. There are 11 ETFs in the Global Equities category with lower 1-year volatility, going as low as 7.67%.

SymbolNameVolatility 1YAUMInception
XMW.TO
iShares MSCI Min Vol Global Index ETF7.67%178.14MJul 2012WSHR.NEO vs XMW.TO
VVO.TO
Vanguard Global Minimum Volatility ETF7.68%41.80MJun 2016WSHR.NEO vs VVO.TO
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)8.50%40.28MApr 2016WSHR.NEO vs XML.TO
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)9.02%21.12MApr 2016WSHR.NEO vs XMY.TO
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ET...9.69%167.91MJun 2017WSHR.NEO vs XDGH.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 -4.88%.

SymbolNameMax Drawdown 1YAUMInception
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)
-4.88%
40.28MApr 2016WSHR.NEO vs XML.TO
TINF.TO
TD Active Global Infrastructure Equity ETF
-5.03%
398.63MMay 2020WSHR.NEO vs TINF.TO
XMW.TO
iShares MSCI Min Vol Global Index ETF
-5.14%
178.14MJul 2012WSHR.NEO vs XMW.TO
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hed...
-5.34%
192.14MJan 2008WSHR.NEO vs CYH.TO
XMI.TO
iShares MSCI Min Vol EAFE Index ETF
-6.12%
174.15MJul 2012WSHR.NEO vs XMI.TO

Other ETFs from Mackenzie

The 8 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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QCN.TO
Mackenzie Canadian Equity Index ETFCanada Equities
85
12.23%
5.19BJan 2018WSHR.NEO vs QCN.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETFLarge Cap Blend Equities
76
13.03%
5.61BJan 2018WSHR.NEO vs QUU.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETFNasdaq-100—
21.29%
—Aug 2025WSHR.NEO vs QQQQ.TO
QDX.TO
Mackenzie International Equity Index ETFForeign Large Cap Equities
50
11.04%
1.52BJan 2018WSHR.NEO vs QDX.TO
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)Inflation-Protected Bonds
25
0.87%
293.47MJan 2018WSHR.NEO vs QTIP.NEO
MGRW.TO
Mackenzie Growth Allocation ETFDiversified Portfolio
84
9.90%
—Sep 2020WSHR.NEO vs MGRW.TO
MAAA.TO
Mackenzie AAA CLO ETFCLO
82
1.25%
—May 2025WSHR.NEO vs MAAA.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...International Equity
67
9.05%
38.52MJan 2018WSHR.NEO vs QDXH.TO

Often Compared With WSHR.NEO

Investors most often compare WSHR.NEO with SPUS, SPWO, UMMA. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETFS&P 500
82
15.48%
2.38BDec 2019WSHR.NEO vs SPUS
SPWO
SP Funds S&P World ETFForeign Large Cap Equities
73
26.98%
84.47MDec 2023WSHR.NEO vs SPWO
UMMA
Wahed Dow Jones Islamic World ETFForeign Large Cap Equities
76
32.32%
117.00MJan 2022WSHR.NEO vs UMMA
SPY
State Street SPDR S&P 500 ETFS&P 500
74
11.33%
781.00BJan 1993WSHR.NEO vs SPY
XST.TO
iShares S&P/TSX Capped Consumer Staples Index ETFConsumer Staples Equities
17
1.77%
374.25MApr 2011WSHR.NEO vs XST.TO
XMV.TO
iShares MSCI Min Vol Canada Index ETFCanada Equities
56
8.91%
413.82MJul 2012WSHR.NEO vs XMV.TO
VT
Vanguard Total World Stock ETFGlobal Equities
70
12.66%
90.20BJun 2008WSHR.NEO vs VT
BGIE.TO
Brompton Global Infrastructure ETFGlobal Equities
58
14.42%
—Apr 2020WSHR.NEO vs BGIE.TO
BREA.TO
Brompton Sustainable Real Assets Dividend ETFGlobal Equities
59
14.28%
18.43MApr 2020WSHR.NEO vs BREA.TO
FCIN.NEO
Fidelity All-International Equity ETFGlobal Equities
56
11.90%
907.70MFeb 2024WSHR.NEO vs FCIN.NEO
SPRE
SP Funds S&P Global REIT Sharia ETFREIT
26
9.13%
198.68MDec 2020WSHR.NEO vs SPRE
VEF.TO
Vanguard FTSE Developed All Cap Ex USGlobal Equities
78
16.23%
1.27BNov 2011WSHR.NEO vs VEF.TO
XDG.TO
iShares Core MSCI Global Quality Dividend Index ET...Global Equities
60
10.15%
737.50MJun 2017WSHR.NEO vs XDG.TO
KNGG.TO
Brompton Global Cash Flow Kings ETFGlobal Equities———Mar 2026WSHR.NEO vs KNGG.TO
SPSK
SP Funds Dow Jones Global Sukuk ETFGlobal Bonds
27
0.14%
455.66MDec 2019WSHR.NEO vs SPSK
VVL.TO
Vanguard Global Value Factor ETF CADGlobal Equities
83
11.97%
751.34MJun 2016WSHR.NEO vs VVL.TO
ZGLD.TO
BMO Gold Bullion ETF (CAD Units)Gold
39
5.17%
—Mar 2024WSHR.NEO vs ZGLD.TO
HLAL
Wahed FTSE USA Shariah ETFLarge Cap Growth Equities
89
18.08%
555.00MJul 2019WSHR.NEO vs HLAL
NVTS
Navitas Semiconductor Corporation
90
329.55%
——WSHR.NEO vs NVTS
PG
The Procter & Gamble Company
11
-0.32%
——WSHR.NEO vs PG

Compare WSHR.NEO with Any Fund or Stock

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

 

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