CRQ.NEO vs. ORBX
CRQ.NEO (iShares Canadian Fundamental Index ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index, while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. Both are passively managed. At a 0.20 correlation, their price movements are largely independent. CRQ.NEO charges 0.72%/yr vs 0.50%/yr for ORBX.
Performance
CRQ.NEO vs. ORBX - Performance Comparison
Loading charts...
Different Trading Currencies
CRQ.NEO is traded in CAD, while ORBX is traded in USD. To make them comparable, the ORBX values have been converted to CAD using the latest available exchange rates.
Returns By Period
CRQ.NEO
- 1D
- 1.11%
- 1M
- 4.70%
- YTD
- 17.22%
- 6M
- 20.22%
- 1Y
- 44.45%
- 3Y*
- 26.75%
- 5Y*
- 17.85%
- 10Y*
- 13.46%
ORBX
- 1D
- 3.24%
- 1M
- 31.66%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRQ.NEO vs. ORBX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 5.98% |
ORBX Global X Space Tech ETF | 27.41% |
Correlation
The correlation between CRQ.NEO and ORBX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 16, 2026 | 0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRQ.NEO vs. ORBX — Risk / Return Rank
CRQ.NEO
ORBX
CRQ.NEO vs. ORBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) and Global X Space Tech ETF (ORBX). 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.
| CRQ.NEO | ORBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.03 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.53 | — | — |
| Martin ratioReturn relative to average drawdown | 31.92 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CRQ.NEO | ORBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.55 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 6.18 | -5.49 |
Drawdowns
CRQ.NEO vs. ORBX - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, which is greater than ORBX's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and ORBX.
Loading charts...
Drawdown Indicators
| CRQ.NEO | ORBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -17.86% | -23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.20% | +15.20% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -5.32% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | — | — |
Volatility
CRQ.NEO vs. ORBX - Volatility Comparison
Loading charts...
Volatility by Period
| CRQ.NEO | ORBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.81% | 77.50% | -67.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 77.50% | -65.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 77.50% | -61.23% |
CRQ.NEO vs. ORBX - Expense Ratio Comparison
CRQ.NEO has a 0.72% expense ratio, which is higher than ORBX's 0.50% expense ratio.
Dividends
CRQ.NEO vs. ORBX - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 1.87%, while ORBX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.87% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
ORBX Global X Space Tech ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRQ.NEO and ORBX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ORBX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ORBX is cheaper with a 0.50% expense ratio, compared with 0.72% for CRQ.NEO.
CRQ.NEO is categorized as Canada Equities, while ORBX is Aerospace & Defense. CRQ.NEO tracks FTSE RAFI Canada Index, while ORBX tracks Global X Space Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.72% for CRQ.NEO and 0.50% for ORBX.
Find the right allocation for CRQ.NEO and ORBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer