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

GEQT.TO vs. ESGB

Last updated Jun 4, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and ESGB (IQ MacKay ESG Core Plus Bond ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while ESGB is a Intermediate Core-Plus Bond fund actively managed by IndexIQ. Both are actively managed. Over the past 3 years, GEQT.TO returned 23.50%/yr vs 6.65%/yr for ESGB. At a correlation of -0.00, they often move in opposite directions. GEQT.TO charges 0.25%/yr vs 0.39%/yr for ESGB.

Performance

GEQT.TO vs. ESGB - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Equity ETF Portfolio (GEQT.TO) and IQ MacKay ESG Core Plus Bond ETF (ESGB). 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 ESGB is traded in USD. To make them comparable, the ESGB 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 14.67% return, which is significantly higher than ESGB's 1.78% 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*
—

ESGB

1D
0.10%
1M
2.31%
YTD
1.78%
6M
0.10%
1Y
6.69%
3Y*
6.65%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. ESGB - Yearly Performance Comparison

2026 (YTD)20252024202320222021
GEQT.TO
iShares ESG Equity ETF Portfolio		14.67%17.85%25.42%22.35%-15.18%8.24%
ESGB
IQ MacKay ESG Core Plus Bond ETF		1.78%2.81%13.14%4.80%-8.34%2.32%

Correlation

The correlation between GEQT.TO and ESGB is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

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

0.14

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2021

-0.00

The correlation between GEQT.TO and ESGB shifts across timeframes, from -0.00 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

GEQT.TO vs. ESGB - Sectors Allocation Comparison

Sectors
GEQT.TO
ESGB

Technology

35.8%

-

Financial Services

28.2%
0.2%

Industrials

8.4%

-

Basic Materials

7.4%

-

Consumer Cyclical

4.8%

-

Healthcare

4.5%
0.0%

Communication Services

2.8%

-

Real Estate

2.7%

-

Consumer Defensive

2.6%

-

Utilities

1.0%

-

Energy

0.1%

-

Technology

GEQT.TO
35.8%
ESGB

-

Financial Services

GEQT.TO
28.2%
ESGB
0.2%

Industrials

GEQT.TO
8.4%
ESGB

-

Basic Materials

GEQT.TO
7.4%
ESGB

-

Consumer Cyclical

GEQT.TO
4.8%
ESGB

-

Healthcare

GEQT.TO
4.5%
ESGB
0.0%

Communication Services

GEQT.TO
2.8%
ESGB

-

Real Estate

GEQT.TO
2.7%
ESGB

-

Consumer Defensive

GEQT.TO
2.6%
ESGB

-

Utilities

GEQT.TO
1.0%
ESGB

-

Energy

GEQT.TO
0.1%
ESGB

-

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

IQ MacKay ESG Core Plus Bond 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 ESGB:
ESGB vs. APCBESGB vs. ZST.TOESGB vs. IQSMESGB vs. AUMIESGB vs. MMCAESGB vs. CFITESGB vs. LRND

Return for Risk

GEQT.TO vs. ESGB — 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: 6565
Overall Rank
GEQT.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
GEQT.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
GEQT.TO Omega Ratio Rank: 6363
Omega Ratio Rank
GEQT.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
GEQT.TO Martin Ratio Rank: 7171
Martin Ratio Rank
ESGB
ESGB Risk / Return Rank: 4141
Overall Rank
ESGB Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
ESGB Sortino Ratio Rank: 4141
Sortino Ratio Rank
ESGB Omega Ratio Rank: 3939
Omega Ratio Rank
ESGB Calmar Ratio Rank: 4242
Calmar Ratio Rank
ESGB Martin Ratio Rank: 4040
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. ESGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and IQ MacKay ESG Core Plus Bond ETF (ESGB). 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.TOESGBDifference
Sharpe ratioReturn per unit of total volatility
2.17
1.21

+0.96

Sortino ratioReturn per unit of downside risk
2.99
1.76

+1.23

Omega ratioGain probability vs. loss probability

1.39

1.21

+0.18

Calmar ratioReturn relative to maximum drawdown

3.21

1.68

+1.53

Martin ratioReturn relative to average drawdown

13.28

3.97

+9.31

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. ESGB - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 2.17, which is higher than the ESGB Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of GEQT.TO and ESGB, 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

GEQT.TOESGBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

1.21

+0.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.16

0.44

+0.73

Drawdowns

GEQT.TO vs. ESGB - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.64%, which is greater than ESGB's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and ESGB.

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Drawdown Indicators

GEQT.TOESGBDifference

Max Drawdown

Largest peak-to-trough decline

-23.64%

-14.34%

-9.30%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-4.01%

-5.28%

Max Drawdown (3Y)

Largest decline over 3 years

-17.01%

-6.90%

-10.11%

Max Drawdown (5Y)

Largest decline over 5 years

-23.64%

—

—

Current Drawdown

Current decline from peak

-0.42%

-1.04%

+0.62%

Average Drawdown

Average peak-to-trough decline

-4.94%

-5.15%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

1.69%

+0.55%

Volatility

GEQT.TO vs. ESGB - Volatility Comparison

iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 4.08% compared to IQ MacKay ESG Core Plus Bond ETF (ESGB) at 1.37%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than ESGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GEQT.TOESGBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

1.37%

+2.71%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

4.28%

+7.16%

Volatility (1Y)

Calculated over the trailing 1-year period

13.71%

5.55%

+8.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

7.16%

+7.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.92%

7.16%

+6.76%

GEQT.TO vs. ESGB - Expense Ratio Comparison

GEQT.TO has a 0.25% expense ratio, which is lower than ESGB's 0.39% expense ratio.

Dividends

GEQT.TO vs. ESGB - Dividend Comparison

GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, less than ESGB's 5.50% yield.

PositionTTM202520242023202220212020
ESGB
IQ MacKay ESG Core Plus Bond ETF		5.50%5.46%5.40%4.82%3.17%0.95%0.00%
GEQT.TO
iShares ESG Equity ETF Portfolio		1.10%1.25%1.38%1.58%1.82%1.32%0.87%

Frequently Asked Questions

GEQT.TO and ESGB have a correlation of 0.15, 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 0.39% for ESGB.

GEQT.TO is categorized as Global Equities, while ESGB is Intermediate Core-Plus Bond. They also come from different issuers: iShares and IndexIQ. Their fees differ too: 0.25% for GEQT.TO and 0.39% for ESGB.

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