GBAL.TO vs. EAOR
GBAL.TO (iShares ESG Balanced ETF Portfolio) and EAOR (iShares ESG Aware Growth Allocation ETF) are both Diversified Portfolio funds from iShares. GBAL.TO is actively managed, while EAOR is passively managed. Over the past 5 years, GBAL.TO returned 8.83%/yr vs 8.72%/yr for EAOR. At a 0.38 correlation, their price movements are largely independent. GBAL.TO charges 0.25%/yr vs 0.18%/yr for EAOR.
Performance
GBAL.TO vs. EAOR - Performance Comparison
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Different Trading Currencies
GBAL.TO is traded in CAD, while EAOR is traded in USD. To make them comparable, the EAOR values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with GBAL.TO having a 10.21% return and EAOR slightly higher at 10.48%.
GBAL.TO
- 1D
- -0.51%
- 1M
- -0.17%
- 6M
- 8.14%
- YTD
- 10.21%
- 1Y
- 16.58%
- 3Y*
- 15.63%
- 5Y*
- 8.83%
- 10Y*
- —
EAOR
- 1D
- -0.47%
- 1M
- 0.36%
- 6M
- 7.34%
- YTD
- 10.48%
- 1Y
- 19.56%
- 3Y*
- 15.47%
- 5Y*
- 8.72%
- 10Y*
- —
GBAL.TO vs. EAOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBAL.TO iShares ESG Balanced ETF Portfolio | 10.21% | 11.78% | 18.80% | 13.10% | -10.88% | 11.31% | 6.10% |
EAOR iShares ESG Aware Growth Allocation ETF | 10.48% | 10.31% | 20.06% | 12.22% | -11.38% | 10.45% | 6.22% |
Correlation
The correlation between GBAL.TO and EAOR is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.38 |
Over the past year, GBAL.TO and EAOR have become more correlated (0.74) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
GBAL.TO vs. EAOR — Risk / Return Rank
GBAL.TO
EAOR
GBAL.TO vs. EAOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Balanced ETF Portfolio (GBAL.TO) and iShares ESG Aware Growth Allocation ETF (EAOR). 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.
| GBAL.TO | EAOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 3.52 | -0.92 |
| Martin ratioReturn relative to average drawdown | 10.13 | 12.54 | -2.41 |
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Drawdowns
GBAL.TO vs. EAOR - Drawdown Comparison
The maximum GBAL.TO drawdown since its inception was -20.01%, which is greater than EAOR's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for GBAL.TO and EAOR.
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Drawdown Indicators
| GBAL.TO | EAOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.01% | -18.16% | -1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -5.58% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | -11.59% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -18.16% | -1.85% |
Current DrawdownCurrent decline from peak | -1.21% | -1.37% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -3.94% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.56% | +0.08% |
Volatility
GBAL.TO vs. EAOR - Volatility Comparison
iShares ESG Balanced ETF Portfolio (GBAL.TO) and iShares ESG Aware Growth Allocation ETF (EAOR) have volatilities of 3.16% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBAL.TO | EAOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 3.06% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 8.29% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.24% | 9.88% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 12.18% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.54% | 12.16% | +2.38% |
GBAL.TO vs. EAOR - Expense Ratio Comparison
GBAL.TO has a 0.25% expense ratio, which is higher than EAOR's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBAL.TO vs. EAOR - Dividend Comparison
GBAL.TO's dividend yield for the trailing twelve months is around 1.69%, less than EAOR's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOR iShares ESG Aware Growth Allocation ETF | 2.36% | 2.45% | 2.52% | 2.39% | 1.99% | 1.39% | 1.07% |
GBAL.TO iShares ESG Balanced ETF Portfolio | 1.69% | 1.84% | 1.83% | 2.40% | 1.85% | 1.44% | 0.96% |
Frequently Asked Questions
GBAL.TO and EAOR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EAOR is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EAOR is cheaper with a 0.18% expense ratio, compared with 0.25% for GBAL.TO.
Their fees differ too: 0.25% for GBAL.TO and 0.18% for EAOR.
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