GEQT.TO vs. ESG.TO

Last updated Jun 4, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and ESG.TO (Invesco S&P 500 ESG Index ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while ESG.TO is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index. GEQT.TO is actively managed, while ESG.TO is passively managed. Over the past 5 years, GEQT.TO returned 14.52%/yr vs 16.77%/yr for ESG.TO. A 0.71 correlation means they provide meaningful diversification when combined. GEQT.TO charges 0.25%/yr vs 0.20%/yr for ESG.TO.

Performance

GEQT.TO vs. ESG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Equity ETF Portfolio (GEQT.TO) and Invesco S&P 500 ESG Index ETF (ESG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEQT.TO achieves a 14.67% return, which is significantly higher than ESG.TO's 10.72% return.

GEQT.TO

• 1D: -0.42%
• 1M: 8.79%
• YTD: 14.67%
• 6M: 12.80%
• 1Y: 29.64%
• 3Y*: 23.50%
• 5Y*: 14.52%
• 10Y*: —

ESG.TO

• 1D: -0.18%
• 1M: 6.87%
• YTD: 10.72%
• 6M: 7.79%
• 1Y: 29.42%
• 3Y*: 21.78%
• 5Y*: 16.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. ESG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GEQT.TO iShares ESG Equity ETF Portfolio	14.67%	17.85%	25.42%	22.35%	-15.18%	21.99%	9.67%
ESG.TO Invesco S&P 500 ESG Index ETF	10.72%	10.99%	33.33%	25.19%	-14.05%	32.71%	7.22%

Correlation

The correlation between GEQT.TO and ESG.TO is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020	0.71

The correlation between GEQT.TO and ESG.TO has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

GEQT.TO vs. ESG.TO - Sectors Allocation Comparison

Sectors	GEQT.TO	ESG.TO
Technology	35.8%	38.6%
Financial Services	28.2%	12.0%
Industrials	8.4%	6.8%
Basic Materials	7.4%	1.9%
Consumer Cyclical	4.8%	4.6%
Healthcare	4.5%	9.3%
Communication Services	2.8%	14.5%
Real Estate	2.7%	2.2%
Consumer Defensive	2.6%	5.1%
Utilities	1.0%	0.8%
Energy	0.1%	4.2%

Return for Risk

GEQT.TO vs. ESG.TO — 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: 65
GEQT.TO Sharpe Ratio Rank: 64
GEQT.TO Sortino Ratio Rank: 63
GEQT.TO Omega Ratio Rank: 63
GEQT.TO Calmar Ratio Rank: 64
GEQT.TO Martin Ratio Rank: 71

ESG.TO

ESG.TO Risk / Return Rank: 71
ESG.TO Sharpe Ratio Rank: 76
ESG.TO Sortino Ratio Rank: 77
ESG.TO Omega Ratio Rank: 78
ESG.TO Calmar Ratio Rank: 62
ESG.TO Martin Ratio Rank: 63

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. ESG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and Invesco S&P 500 ESG Index ETF (ESG.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.

	GEQT.TO	ESG.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.46	-0.29
Sortino ratio: Return per unit of downside risk	2.99	3.46	-0.47
Omega ratio: Gain probability vs. loss probability	1.39	1.46	-0.07
Calmar ratio: Return relative to maximum drawdown	3.21	3.05	+0.16
Martin ratio: Return relative to average drawdown	13.28	11.22	+2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEQT.TO vs. ESG.TO - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 2.17, which is comparable to the ESG.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of GEQT.TO and ESG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GEQT.TO	ESG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.46	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	1.13	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.10	+0.06

Drawdowns

GEQT.TO vs. ESG.TO - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.64%, which is greater than ESG.TO's maximum drawdown of -22.31%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and ESG.TO.

Drawdown Indicators

	GEQT.TO	ESG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.64%	-22.31%	-1.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	-9.69%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.01%	-19.85%	+2.84%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	-22.31%	-1.33%
Current Drawdown Current decline from peak	-0.42%	-0.63%	+0.21%
Average Drawdown Average peak-to-trough decline	-4.94%	-4.30%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.63%	-0.39%

Volatility

GEQT.TO vs. ESG.TO - Volatility Comparison

iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 4.08% compared to Invesco S&P 500 ESG Index ETF (ESG.TO) at 3.00%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than ESG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEQT.TO	ESG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	3.00%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	11.44%	9.36%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	12.04%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	14.98%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	16.34%	-2.42%

GEQT.TO vs. ESG.TO - Expense Ratio Comparison

GEQT.TO has a 0.25% expense ratio, which is higher than ESG.TO's 0.20% 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

GEQT.TO vs. ESG.TO - Dividend Comparison

GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, more than ESG.TO's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ESG.TO Invesco S&P 500 ESG Index ETF	0.76%	0.85%	0.92%	1.11%	1.38%	1.11%	0.95%
GEQT.TO iShares ESG Equity ETF Portfolio	1.10%	1.25%	1.38%	1.58%	1.82%	1.32%	0.87%

Frequently Asked Questions

Can I hold both GEQT.TO and ESG.TO in my portfolio?

GEQT.TO and ESG.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEQT.TO or ESG.TO?

On fees, ESG.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GEQT.TO or ESG.TO?

ESG.TO is cheaper with a 0.20% expense ratio, compared with 0.25% for GEQT.TO.

What is the main difference between GEQT.TO and ESG.TO?

GEQT.TO is categorized as Global Equities, while ESG.TO is S&P 500. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for GEQT.TO and 0.20% for ESG.TO.