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

ETF · Currency in CAD · Last updated Jul 1, 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 25 ETFs in the Global Equities category with lower expense ratios, going as low as 0.17%.

SymbolNameExpense RatioAUMInception
MEQT.TO
Mackenzie All-Equity Allocation ETF0.17%—Nov 2023WSHR.NEO vs MEQT.TO
TEQT.TO
TD All-Equity ETF Portfolio0.17%—Apr 2025WSHR.NEO vs TEQT.TO
ZEQT.TO
BMO All-Equity ETF0.18%852.71MJan 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%19.45BAug 2019WSHR.NEO vs XEQT.TO

Best Risk-Adjusted Alternatives to WSHR.NEO

WSHR.NEO has a PortfoliosLab risk / return rank of 29. There are 35 ETFs in the Global Equities category with higher risk-adjusted ranks, going as high as 91.

SymbolNameRisk / Return RankAUMInception
FGEP.TO
Fidelity Global Equity+ Fund ETF
91
—Oct 2023WSHR.NEO vs FGEP.TO
MEQT.TO
Mackenzie All-Equity Allocation ETF
90
—Nov 2023WSHR.NEO vs MEQT.TO
ONEQ.TO
CI Global Core Plus Equity ETF
87
—Sep 2015WSHR.NEO vs ONEQ.TO
VEQT.TO
Vanguard All-Equity ETF Portfolio
87
14.70BJan 2019WSHR.NEO vs VEQT.TO
TEQT.TO
TD All-Equity ETF Portfolio
87
—Apr 2025WSHR.NEO vs TEQT.TO

Top Performing WSHR.NEO Alternatives (YTD)

WSHR.NEO is at 8.42% YTD. There are 33 ETFs in the Global Equities category with higher YTD returns, going as high as 31.46%.

SymbolNameYTD ReturnAUMInception
VMO.TO
Vanguard Global Momentum Factor ETF
31.46%
464.43MJun 2016WSHR.NEO vs VMO.TO
CMGG.TO
CI Munro Global Growth Equity Fund
24.63%
—Jan 2021WSHR.NEO vs CMGG.TO
CIE.NEO
iShares International Fundamental Common Class
18.50%
—Feb 2007WSHR.NEO vs CIE.NEO
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF
18.46%
833.59MAug 2013WSHR.NEO vs VDU.TO
GEQT.TO
iShares ESG Equity ETF Portfolio
18.33%
274.88MSep 2020WSHR.NEO vs GEQT.TO

Lowest Volatility Alternatives to WSHR.NEO

WSHR.NEO has 10.98% 1-year volatility. There are 9 ETFs in the Global Equities category with lower 1-year volatility, going as low as 7.59%.

SymbolNameVolatility 1YAUMInception
XMW.TO
iShares MSCI Min Vol Global Index ETF7.59%168.36MJul 2012WSHR.NEO vs XMW.TO
VVO.TO
Vanguard Global Minimum Volatility ETF7.71%41.80MJun 2016WSHR.NEO vs VVO.TO
XML.TO
iShares MSCI Min Vol EAFE Index ETF (CAD-Hedged)9.19%39.79MApr 2016WSHR.NEO vs XML.TO
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ET...9.55%169.10MJun 2017WSHR.NEO vs XDGH.TO
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hed...10.04%193.02MJan 2008WSHR.NEO vs CYH.TO

Lowest Drawdown Alternatives to WSHR.NEO

WSHR.NEO has a 1-year max drawdown of -8.96%. There are 23 ETFs in the Global Equities category with shallower 1-year drawdowns, going as shallow as -5.03%.

SymbolNameMax Drawdown 1YAUMInception
TINF.TO
TD Active Global Infrastructure Equity ETF
-5.03%
450.44MMay 2020WSHR.NEO vs TINF.TO
XMW.TO
iShares MSCI Min Vol Global Index ETF
-5.14%
168.36MJul 2012WSHR.NEO vs XMW.TO
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hed...
-5.34%
193.02MJan 2008WSHR.NEO vs CYH.TO
XMI.TO
iShares MSCI Min Vol EAFE Index ETF
-6.12%
172.96MJul 2012WSHR.NEO vs XMI.TO
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ET...
-6.38%
169.10MJun 2017WSHR.NEO vs XDGH.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
86
11.15%
5.58BJan 2018WSHR.NEO vs QCN.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETFLarge Cap Blend Equities
77
13.96%
6.13BJan 2018WSHR.NEO vs QUU.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETFNasdaq-100—
23.63%
—Aug 2025WSHR.NEO vs QQQQ.TO
QDX.TO
Mackenzie International Equity Index ETFForeign Large Cap Equities
60
13.39%
1.70BJan 2018WSHR.NEO vs QDX.TO
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)Inflation-Protected Bonds
15
0.60%
293.47MJan 2018WSHR.NEO vs QTIP.NEO
MGRW.TO
Mackenzie Growth Allocation ETFDiversified Portfolio
86
10.68%
—Sep 2020WSHR.NEO vs MGRW.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...International Equity
79
11.52%
39.70MJan 2018WSHR.NEO vs QDXH.TO
MAAA.TO
Mackenzie AAA CLO ETFCLO
88
1.37%
—May 2025WSHR.NEO vs MAAA.TO

Often Compared With WSHR.NEO

Investors most often compare WSHR.NEO with SPUS, SPWO, UMMA. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SPUS
SP Funds S&P 500 Sharia Industry Exclusions ETFS&P 500
70
12.92%
2.38BDec 2019WSHR.NEO vs SPUS
SPWO
SP Funds S&P World (ex-US) ETFForeign Large Cap Equities
72
27.30%
189.39MDec 2023WSHR.NEO vs SPWO
UMMA
Wahed Dow Jones Islamic World ETFForeign Large Cap Equities
78
33.86%
292.51MJan 2022WSHR.NEO vs UMMA
SPY
State Street SPDR S&P 500 ETFS&P 500
63
10.09%
772.08BJan 1993WSHR.NEO vs SPY
XST.TO
iShares S&P/TSX Capped Consumer Staples Index ETFConsumer Staples Equities
23
5.89%
412.99MApr 2011WSHR.NEO vs XST.TO
XMV.TO
iShares MSCI Min Vol Canada Index ETFCanada Equities
68
10.25%
389.29MJul 2012WSHR.NEO vs XMV.TO
VT
Vanguard Total World Stock ETFGlobal Equities
64
11.93%
95.30BJun 2008WSHR.NEO vs VT
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)Global Equities
17
2.01%
21.34MApr 2016WSHR.NEO vs XMY.TO
BGIE.TO
Brompton Global Infrastructure ETFGlobal Equities
50
14.07%
—Apr 2020WSHR.NEO vs BGIE.TO
FCIN.NEO
Fidelity All-International Equity ETFGlobal Equities
69
14.92%
950.90MFeb 2024WSHR.NEO vs FCIN.NEO
SPRE
SP Funds S&P Global REIT Sharia ETFREIT
34
10.15%
198.68MDec 2020WSHR.NEO vs SPRE
KNGG.TO
Brompton Global Cash Flow Kings ETFGlobal Equities———Mar 2026WSHR.NEO vs KNGG.TO
VEF.TO
Vanguard FTSE Developed All Cap Ex USGlobal Equities
85
17.77%
1.27BNov 2011WSHR.NEO vs VEF.TO
XDG.TO
iShares Core MSCI Global Quality Dividend Index ET...Global Equities
70
12.72%
758.37MJun 2017WSHR.NEO vs XDG.TO
HLAL
Wahed FTSE USA Shariah ETFLarge Cap Growth Equities
83
15.27%
931.20MJul 2019WSHR.NEO vs HLAL
SPSK
SP Funds Dow Jones Global Sukuk ETFGlobal Bonds
25
0.38%
455.66MDec 2019WSHR.NEO vs SPSK
NVTS
Navitas Semiconductor Corporation
82
150.98%
——WSHR.NEO vs NVTS
VVL.TO
Vanguard Global Value Factor ETF CADGlobal Equities
80
14.42%
751.34MJun 2016WSHR.NEO vs VVL.TO
ZGLD.TO
BMO Gold Bullion ETF (CAD Units)Gold, Precious Metals
28
-3.84%
—Mar 2024WSHR.NEO vs ZGLD.TO
PG
The Procter & Gamble Company
30
3.83%
——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