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GBAL.TO vs. EAOR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GBAL.TO vs. EAOR

Last updated Jun 5, 2026

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 9.04%/yr vs 9.53%/yr for EAOR. A 0.59 correlation means they provide meaningful diversification when combined. GBAL.TO charges 0.25%/yr vs 0.18%/yr for EAOR.

Performance

GBAL.TO vs. EAOR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Balanced ETF Portfolio (GBAL.TO) and iShares ESG Aware Growth Allocation ETF (EAOR). The values are adjusted to include any dividend payments, if applicable.

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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 stocks are quite close, with GBAL.TO having a 9.39% return and EAOR slightly lower at 9.26%.

GBAL.TO

1D
0.16%
1M
5.46%
YTD
9.39%
6M
7.35%
1Y
18.03%
3Y*
15.66%
5Y*
9.04%
10Y*
—

EAOR

1D
0.35%
1M
5.11%
YTD
9.26%
6M
7.76%
1Y
21.38%
3Y*
15.34%
5Y*
9.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GBAL.TO vs. EAOR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
GBAL.TO
iShares ESG Balanced ETF Portfolio		9.39%11.77%17.38%14.48%-11.94%11.32%6.10%
EAOR
iShares ESG Aware Growth Allocation ETF		9.26%10.29%20.20%12.43%-10.73%9.51%5.90%

Correlation

The correlation between GBAL.TO and EAOR is 0.77, 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

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2020

0.59

The correlation between GBAL.TO and EAOR shifts across timeframes, from 0.59 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

GBAL.TO vs. EAOR - Sectors Allocation Comparison

Sectors
GBAL.TO
EAOR

Technology

22.2%
22.3%

Financial Services

18.1%
10.3%

Industrials

5.4%
6.8%

Basic Materials

4.5%
1.8%

Consumer Cyclical

3.1%
5.8%

Healthcare

2.9%
5.2%

Real Estate

1.9%
1.2%

Communication Services

1.8%
5.6%

Consumer Defensive

1.7%
2.8%

Utilities

0.6%
1.7%

Energy

0.0%
2.3%

Technology

GBAL.TO
22.2%
EAOR
22.3%

Financial Services

GBAL.TO
18.1%
EAOR
10.3%

Industrials

GBAL.TO
5.4%
EAOR
6.8%

Basic Materials

GBAL.TO
4.5%
EAOR
1.8%

Consumer Cyclical

GBAL.TO
3.1%
EAOR
5.8%

Healthcare

GBAL.TO
2.9%
EAOR
5.2%

Real Estate

GBAL.TO
1.9%
EAOR
1.2%

Communication Services

GBAL.TO
1.8%
EAOR
5.6%

Consumer Defensive

GBAL.TO
1.7%
EAOR
2.8%

Utilities

GBAL.TO
0.6%
EAOR
1.7%

Energy

GBAL.TO
0.0%
EAOR
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Balanced ETF Portfolio

iShares ESG Aware Growth Allocation ETF

Often compared with GBAL.TO:
GBAL.TO vs. XBAL.TOGBAL.TO vs. GEQT.TOGBAL.TO vs. XIN.TOGBAL.TO vs. GGRO.TOGBAL.TO vs. VBAL.TOGBAL.TO vs. VFV.TOGBAL.TO vs. XDIV.TO
Often compared with EAOR:
EAOR vs. AOREAOR vs. EAOAEAOR vs. EFRAEAOR vs. XUSR.TOEAOR vs. GALEAOR vs. XCSR.TOEAOR vs. OCIO

Return for Risk

GBAL.TO vs. EAOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GBAL.TO
GBAL.TO Risk / Return Rank: 6060
Overall Rank
GBAL.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
GBAL.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
GBAL.TO Omega Ratio Rank: 6161
Omega Ratio Rank
GBAL.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
GBAL.TO Martin Ratio Rank: 6363
Martin Ratio Rank
EAOR
EAOR Risk / Return Rank: 6969
Overall Rank
EAOR Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
EAOR Sortino Ratio Rank: 7474
Sortino Ratio Rank
EAOR Omega Ratio Rank: 7272
Omega Ratio Rank
EAOR Calmar Ratio Rank: 6060
Calmar Ratio Rank
EAOR Martin Ratio Rank: 7070
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

GBAL.TOEAORDifference
Sharpe ratioReturn per unit of total volatility
1.92
2.54

-0.62

Sortino ratioReturn per unit of downside risk
2.79
3.59

-0.80

Omega ratioGain probability vs. loss probability

1.37

1.49

-0.12

Calmar ratioReturn relative to maximum drawdown

2.83

3.94

-1.11

Martin ratioReturn relative to average drawdown

11.25

15.08

-3.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBAL.TO vs. EAOR - Sharpe Ratio Comparison

The current GBAL.TO Sharpe Ratio is 1.92, which is comparable to the EAOR Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of GBAL.TO and EAOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GBAL.TOEAORDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

2.54

-0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

1.08

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

1.10

-0.06

Drawdowns

GBAL.TO vs. EAOR - Drawdown Comparison

The maximum GBAL.TO drawdown since its inception was -18.92%, which is greater than EAOR's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for GBAL.TO and EAOR.

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Drawdown Indicators

GBAL.TOEAORDifference

Max Drawdown

Largest peak-to-trough decline

-18.92%

-17.61%

-1.31%

Max Drawdown (1Y)

Largest decline over 1 year

-6.40%

-5.46%

-0.94%

Max Drawdown (3Y)

Largest decline over 3 years

-10.24%

-10.96%

+0.72%

Max Drawdown (5Y)

Largest decline over 5 years

-18.92%

-17.61%

-1.31%

Current Drawdown

Current decline from peak

-0.08%

0.00%

-0.08%

Average Drawdown

Average peak-to-trough decline

-4.30%

-3.84%

-0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.42%

+0.19%

Volatility

GBAL.TO vs. EAOR - Volatility Comparison

iShares ESG Balanced ETF Portfolio (GBAL.TO) has a higher volatility of 3.19% compared to iShares ESG Aware Growth Allocation ETF (EAOR) at 2.56%. This indicates that GBAL.TO's price experiences larger fluctuations and is considered to be riskier than EAOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GBAL.TOEAORDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

2.56%

+0.63%

Volatility (6M)

Calculated over the trailing 6-month period

7.87%

6.86%

+1.01%

Volatility (1Y)

Calculated over the trailing 1-year period

9.42%

8.46%

+0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

8.84%

+0.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.53%

8.68%

+0.85%

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 1.71%, less than EAOR's 2.33% yield.

PositionTTM202520242023202220212020
EAOR
iShares ESG Aware Growth Allocation ETF		2.33%2.45%2.52%2.39%1.99%1.39%1.07%
GBAL.TO
iShares ESG Balanced ETF Portfolio		1.71%1.83%1.84%2.40%1.87%1.43%0.96%

Frequently Asked Questions

GBAL.TO and EAOR have a correlation of 0.77, 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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