CRQ.NEO vs. XEG.TO
CRQ.NEO (iShares Canadian Fundamental Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, CRQ.NEO returned 13.69%/yr vs 10.26%/yr for XEG.TO. A 0.69 correlation means they provide meaningful diversification when combined. CRQ.NEO charges 0.72%/yr vs 0.60%/yr for XEG.TO.
Performance
CRQ.NEO vs. XEG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CRQ.NEO achieves a 17.86% return, which is significantly lower than XEG.TO's 25.59% return. Over the past 10 years, CRQ.NEO has outperformed XEG.TO with an annualized return of 13.69%, while XEG.TO has yielded a comparatively lower 10.26% annualized return.
CRQ.NEO
- 1D
- 0.13%
- 1M
- 2.97%
- YTD
- 17.86%
- 6M
- 17.27%
- 1Y
- 42.87%
- 3Y*
- 26.28%
- 5Y*
- 18.12%
- 10Y*
- 13.69%
XEG.TO
- 1D
- -0.25%
- 1M
- -7.91%
- YTD
- 25.59%
- 6M
- 25.40%
- 1Y
- 45.16%
- 3Y*
- 22.26%
- 5Y*
- 25.66%
- 10Y*
- 10.26%
CRQ.NEO vs. XEG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 17.86% | 31.87% | 22.17% | 9.76% | 0.89% | 33.95% | -2.73% | 19.66% | -10.18% | 6.98% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 25.59% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
Correlation
The correlation between CRQ.NEO and XEG.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.69 |
Over the past year, the correlation between CRQ.NEO and XEG.TO has dropped to 0.25 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
CRQ.NEO vs. XEG.TO — Risk / Return Rank
CRQ.NEO
XEG.TO
CRQ.NEO vs. XEG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRQ.NEO | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.32 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 6.33 | 2.75 | +3.57 |
| Martin ratioReturn relative to average drawdown | 30.59 | 9.67 | +20.92 |
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Drawdowns
CRQ.NEO vs. XEG.TO - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and XEG.TO.
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Drawdown Indicators
| CRQ.NEO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -87.51% | +45.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -16.47% | +9.63% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -25.67% | +13.97% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -28.42% | +12.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | -79.66% | +37.91% |
Current DrawdownCurrent decline from peak | -0.33% | -16.47% | +16.14% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -34.58% | +28.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 4.68% | -3.27% |
Volatility
CRQ.NEO vs. XEG.TO - Volatility Comparison
The current volatility for iShares Canadian Fundamental Index ETF (CRQ.NEO) is 3.20%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 8.29%. This indicates that CRQ.NEO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRQ.NEO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 8.29% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 19.87% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 23.35% | -13.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 28.65% | -16.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 33.38% | -17.17% |
CRQ.NEO vs. XEG.TO - Expense Ratio Comparison
CRQ.NEO has a 0.72% expense ratio, which is higher than XEG.TO's 0.60% expense ratio.
Dividends
CRQ.NEO vs. XEG.TO - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 1.83%, less than XEG.TO's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.83% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.93% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
CRQ.NEO and XEG.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.60% expense ratio, compared with 0.72% for CRQ.NEO.
CRQ.NEO is categorized as Canada Equities, while XEG.TO is Energy Equities. CRQ.NEO tracks FTSE RAFI Canada Index, while XEG.TO tracks S&P/TSX Capped Energy Index. Their fees differ too: 0.72% for CRQ.NEO and 0.60% for XEG.TO.
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