CLG.TO vs. XEQT.TO
CLG.TO (iShares 1-10 Year Laddered Government Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - CLG.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. CLG.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, CLG.TO returned 1.34%/yr vs 13.90%/yr for XEQT.TO. At a 0.12 correlation, their price movements are largely independent. CLG.TO charges 0.17%/yr vs 0.20%/yr for XEQT.TO.
Performance
CLG.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLG.TO achieves a 1.12% return, which is significantly lower than XEQT.TO's 13.22% return.
CLG.TO
- 1D
- -0.06%
- 1M
- 1.14%
- YTD
- 1.12%
- 6M
- 0.59%
- 1Y
- 2.87%
- 3Y*
- 4.04%
- 5Y*
- 1.34%
- 10Y*
- 1.52%
XEQT.TO
- 1D
- 0.83%
- 1M
- 6.02%
- YTD
- 13.22%
- 6M
- 11.68%
- 1Y
- 30.42%
- 3Y*
- 22.22%
- 5Y*
- 13.90%
- 10Y*
- —
CLG.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 1.12% | 3.35% | 4.30% | 4.82% | -6.21% | -2.23% | 6.66% | -1.28% |
XEQT.TO iShares Core Equity ETF Portfolio | 13.22% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between CLG.TO and XEQT.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.12 |
Over the past year, CLG.TO and XEQT.TO have become more correlated (0.37) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
CLG.TO vs. XEQT.TO — Risk / Return Rank
CLG.TO
XEQT.TO
CLG.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-10 Year Laddered Government Bond Index ETF (CLG.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.
| CLG.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.70 | -2.21 |
| Martin ratioReturn relative to average drawdown | 3.71 | 16.13 | -12.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLG.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.62 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 1.07 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.96 | -0.42 |
Drawdowns
CLG.TO vs. XEQT.TO - Drawdown Comparison
The maximum CLG.TO drawdown since its inception was -10.74%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for CLG.TO and XEQT.TO.
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Drawdown Indicators
| CLG.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.74% | -29.74% | +19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -8.25% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.38% | -15.08% | +11.70% |
Max Drawdown (5Y)Largest decline over 5 years | -9.96% | -19.56% | +9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -10.74% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -4.11% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.89% | -1.12% |
Volatility
CLG.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) is 1.13%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that CLG.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLG.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 3.70% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 9.41% | -7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 11.65% | -8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 13.13% | -8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 15.56% | -11.22% |
CLG.TO vs. XEQT.TO - Expense Ratio Comparison
CLG.TO has a 0.17% expense ratio, which is lower than XEQT.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CLG.TO vs. XEQT.TO - Dividend Comparison
CLG.TO's dividend yield for the trailing twelve months is around 2.54%, more than XEQT.TO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 2.54% | 2.54% | 2.53% | 2.51% | 2.55% | 2.61% | 2.59% | 2.88% | 3.02% | 3.17% | 3.25% | 3.34% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.47% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLG.TO and XEQT.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLG.TO is cheaper with a 0.17% expense ratio, compared with 0.20% for XEQT.TO.
CLG.TO is categorized as Canadian Government Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.17% for CLG.TO and 0.20% for XEQT.TO.
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