BAM.TO vs. XEQT.TO
Compare and contrast key facts about Brookfield Asset Management Ltd (BAM.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAM.TO or XEQT.TO.
Key characteristics
| BAM.TO | XEQT.TO | |
|---|---|---|
| YTD Return | 50.96% | 23.64% |
| 1Y Return | 89.85% | 31.98% |
| Sharpe Ratio | 3.83 | 3.27 |
| Sortino Ratio | 4.69 | 4.58 |
| Omega Ratio | 1.61 | 1.61 |
| Calmar Ratio | 7.21 | 4.75 |
| Martin Ratio | 19.30 | 24.69 |
| Ulcer Index | 4.72% | 1.28% |
| Daily Std Dev | 23.74% | 9.64% |
| Max Drawdown | -22.26% | -29.74% |
| Current Drawdown | -1.12% | -0.03% |
Correlation
The correlation between BAM.TO and XEQT.TO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BAM.TO vs. XEQT.TO - Performance Comparison
In the year-to-date period, BAM.TO achieves a 50.96% return, which is significantly higher than XEQT.TO's 23.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BAM.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd (BAM.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BAM.TO vs. XEQT.TO - Dividend Comparison
BAM.TO's dividend yield for the trailing twelve months is around 2.17%, more than XEQT.TO's 1.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
BAM.TO Brookfield Asset Management Ltd | 2.17% | 3.24% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.80% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
BAM.TO vs. XEQT.TO - Drawdown Comparison
The maximum BAM.TO drawdown since its inception was -22.26%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for BAM.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
BAM.TO vs. XEQT.TO - Volatility Comparison
Brookfield Asset Management Ltd (BAM.TO) has a higher volatility of 6.75% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.98%. This indicates that BAM.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.