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GEQT.TO vs. EMXC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GEQT.TO vs. EMXC

Last updated Jun 14, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. GEQT.TO is actively managed, while EMXC is passively managed. Over the past 5 years, GEQT.TO returned 14.25%/yr vs 15.42%/yr for EMXC. At a 0.46 correlation, their price movements are largely independent. GEQT.TO charges 0.25%/yr vs 0.49%/yr for EMXC.

Performance

GEQT.TO vs. EMXC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Equity ETF Portfolio (GEQT.TO) and iShares MSCI Emerging Markets ex China ETF (EMXC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GEQT.TO is traded in CAD, while EMXC is traded in USD. To make them comparable, the EMXC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GEQT.TO achieves a 14.29% return, which is significantly lower than EMXC's 40.03% return.

GEQT.TO

1D
0.73%
1M
3.38%
YTD
14.29%
6M
12.50%
1Y
30.11%
3Y*
22.29%
5Y*
14.25%
10Y*
—

EMXC

1D
0.74%
1M
4.61%
YTD
40.03%
6M
44.26%
1Y
72.44%
3Y*
28.36%
5Y*
15.42%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. EMXC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
GEQT.TO
iShares ESG Equity ETF Portfolio		14.29%17.86%25.42%22.35%-15.19%21.99%7.15%
EMXC
iShares MSCI Emerging Markets ex China ETF		40.03%28.97%11.37%16.13%-14.46%8.48%20.05%

Correlation

The correlation between GEQT.TO and EMXC is 0.67, 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

0.67

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

0.51

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

0.47

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2020

0.46

Over the past year, GEQT.TO and EMXC have become more correlated (0.67) than their long-term average of 0.46, meaning their price movements have been converging.

GEQT.TO vs. EMXC - Sectors Allocation Comparison

Sectors
GEQT.TO
EMXC

Technology

34.2%
52.4%

Financial Services

29.0%
17.4%

Industrials

8.6%
6.9%

Basic Materials

7.0%
6.0%

Consumer Cyclical

5.0%
4.1%

Healthcare

4.9%
1.8%

Real Estate

2.9%
0.8%

Communication Services

2.8%
3.0%

Consumer Defensive

2.7%
2.4%

Utilities

1.0%
1.9%

Energy

0.1%
3.4%

Technology

GEQT.TO
34.2%
EMXC
52.4%

Financial Services

GEQT.TO
29.0%
EMXC
17.4%

Industrials

GEQT.TO
8.6%
EMXC
6.9%

Basic Materials

GEQT.TO
7.0%
EMXC
6.0%

Consumer Cyclical

GEQT.TO
5.0%
EMXC
4.1%

Healthcare

GEQT.TO
4.9%
EMXC
1.8%

Real Estate

GEQT.TO
2.9%
EMXC
0.8%

Communication Services

GEQT.TO
2.8%
EMXC
3.0%

Consumer Defensive

GEQT.TO
2.7%
EMXC
2.4%

Utilities

GEQT.TO
1.0%
EMXC
1.9%

Energy

GEQT.TO
0.1%
EMXC
3.4%

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 Equity ETF Portfolio

iShares MSCI Emerging Markets ex China ETF

Often compared with GEQT.TO:
GEQT.TO vs. XEQT.TOGEQT.TO vs. GGRO.TOGEQT.TO vs. ZAG.TOGEQT.TO vs. GBAL.TOGEQT.TO vs. XEN.TOGEQT.TO vs. XBAL.TOGEQT.TO vs. VT
Often compared with EMXC:
EMXC vs. XCEMEMXC vs. IEMGEMXC vs. VWOEMXC vs. EEMEMXC vs. SPEMEMXC vs. VEXCEMXC vs. VNM

Return for Risk

GEQT.TO vs. EMXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GEQT.TO
GEQT.TO Risk / Return Rank: 7070
Overall Rank
GEQT.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
GEQT.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
GEQT.TO Omega Ratio Rank: 6969
Omega Ratio Rank
GEQT.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
GEQT.TO Martin Ratio Rank: 7575
Martin Ratio Rank
EMXC
EMXC Risk / Return Rank: 8989
Overall Rank
EMXC Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 8686
Sortino Ratio Rank
EMXC Omega Ratio Rank: 9090
Omega Ratio Rank
EMXC Calmar Ratio Rank: 8888
Calmar Ratio Rank
EMXC Martin Ratio Rank: 8989
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.

GEQT.TO vs. EMXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.

GEQT.TOEMXCDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.87

-0.90

Sortino ratioReturn per unit of downside risk
2.71
3.50

-0.79

Omega ratioGain probability vs. loss probability

1.36

1.51

-0.16

Calmar ratioReturn relative to maximum drawdown

3.06

5.26

-2.21

Martin ratioReturn relative to average drawdown

12.49

19.09

-6.60

GEQT.TO vs. EMXC - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 1.97, which is lower than the EMXC Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of GEQT.TO and EMXC, 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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Drawdowns

GEQT.TO vs. EMXC - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.66%, smaller than the maximum EMXC drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and EMXC.

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Drawdown Indicators

GEQT.TOEMXCDifference

Max Drawdown

Largest peak-to-trough decline

-23.66%

-33.73%

+10.07%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-13.17%

+3.88%

Max Drawdown (3Y)

Largest decline over 3 years

-18.02%

-14.58%

-3.44%

Max Drawdown (5Y)

Largest decline over 5 years

-23.66%

-23.49%

-0.17%

Current Drawdown

Current decline from peak

-0.75%

-3.20%

+2.45%

Average Drawdown

Average peak-to-trough decline

-5.10%

-7.02%

+1.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

3.63%

-1.36%

Volatility

GEQT.TO vs. EMXC - Volatility Comparison

The current volatility for iShares ESG Equity ETF Portfolio (GEQT.TO) is 5.72%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 12.89%. This indicates that GEQT.TO experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GEQT.TOEMXCDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.72%

12.89%

-7.17%

Volatility (6M)

Calculated over the trailing 6-month period

12.25%

22.13%

-9.88%

Volatility (1Y)

Calculated over the trailing 1-year period

14.41%

24.17%

-9.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

19.06%

-1.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

21.05%

-3.69%

GEQT.TO vs. EMXC - Expense Ratio Comparison

GEQT.TO has a 0.25% expense ratio, which is lower than EMXC's 0.49% expense ratio.

Dividends

GEQT.TO vs. EMXC - Dividend Comparison

GEQT.TO's dividend yield for the trailing twelve months is around 1.11%, less than EMXC's 2.05% yield.

PositionTTM202520242023202220212020201920182017
EMXC
iShares MSCI Emerging Markets ex China ETF		2.05%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%
GEQT.TO
iShares ESG Equity ETF Portfolio		1.11%1.26%1.38%1.58%1.82%1.32%0.87%0.00%0.00%0.00%

Frequently Asked Questions

GEQT.TO and EMXC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GEQT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GEQT.TO is cheaper with a 0.25% expense ratio, compared with 0.49% for EMXC.

GEQT.TO is categorized as Global Equities, while EMXC is Emerging Markets Equities. Their fees differ too: 0.25% for GEQT.TO and 0.49% for EMXC.

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