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

GEQT.TO vs. ESGD

Last updated Jun 14, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and ESGD (iShares ESG Aware MSCI EAFE ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index. GEQT.TO is actively managed, while ESGD is passively managed. Over the past 5 years, GEQT.TO returned 14.25%/yr vs 11.13%/yr for ESGD. At a 0.49 correlation, their price movements are largely independent. GEQT.TO charges 0.25%/yr vs 0.20%/yr for ESGD.

Performance

GEQT.TO vs. ESGD - 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 ESG Aware MSCI EAFE ETF (ESGD). 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 ESGD is traded in USD. To make them comparable, the ESGD 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 higher than ESGD's 11.34% 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*
—

ESGD

1D
0.44%
1M
3.64%
YTD
11.34%
6M
12.07%
1Y
24.26%
3Y*
17.28%
5Y*
11.13%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. ESGD - 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%
ESGD
iShares ESG Aware MSCI EAFE ETF		11.34%23.72%12.76%15.72%-9.80%11.74%10.92%

Correlation

The correlation between GEQT.TO and ESGD is 0.68, 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

0.68

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

0.51

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

0.50

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

0.49

The correlation between GEQT.TO and ESGD shifts across timeframes, from 0.49 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

GEQT.TO vs. ESGD - Sectors Allocation Comparison

Sectors
GEQT.TO
ESGD

Technology

34.2%
12.6%

Financial Services

29.0%
25.8%

Industrials

8.6%
18.2%

Basic Materials

7.0%
5.5%

Consumer Cyclical

5.0%
6.6%

Healthcare

4.9%
9.9%

Real Estate

2.9%
1.6%

Communication Services

2.8%
4.3%

Consumer Defensive

2.7%
7.0%

Utilities

1.0%
3.7%

Energy

0.1%
3.9%

Technology

GEQT.TO
34.2%
ESGD
12.6%

Financial Services

GEQT.TO
29.0%
ESGD
25.8%

Industrials

GEQT.TO
8.6%
ESGD
18.2%

Basic Materials

GEQT.TO
7.0%
ESGD
5.5%

Consumer Cyclical

GEQT.TO
5.0%
ESGD
6.6%

Healthcare

GEQT.TO
4.9%
ESGD
9.9%

Real Estate

GEQT.TO
2.9%
ESGD
1.6%

Communication Services

GEQT.TO
2.8%
ESGD
4.3%

Consumer Defensive

GEQT.TO
2.7%
ESGD
7.0%

Utilities

GEQT.TO
1.0%
ESGD
3.7%

Energy

GEQT.TO
0.1%
ESGD
3.9%

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 ESG Aware MSCI EAFE 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 ESGD:
ESGD vs. ESGUESGD vs. ESGVESGD vs. DMXFESGD vs. SPYESGD vs. SDGESGD vs. FNIDXESGD vs. VOO

Return for Risk

GEQT.TO vs. ESGD — 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
ESGD
ESGD Risk / Return Rank: 3939
Overall Rank
ESGD Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
ESGD Sortino Ratio Rank: 3939
Sortino Ratio Rank
ESGD Omega Ratio Rank: 3737
Omega Ratio Rank
ESGD Calmar Ratio Rank: 3838
Calmar Ratio Rank
ESGD Martin Ratio Rank: 4343
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. ESGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and iShares ESG Aware MSCI EAFE ETF (ESGD). 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.TOESGDDifference
Sharpe ratioReturn per unit of total volatility
1.97
1.36

+0.61

Sortino ratioReturn per unit of downside risk
2.71
1.98

+0.73

Omega ratioGain probability vs. loss probability

1.36

1.24

+0.11

Calmar ratioReturn relative to maximum drawdown

3.06

1.95

+1.11

Martin ratioReturn relative to average drawdown

12.49

7.29

+5.19

GEQT.TO vs. ESGD - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 1.97, which is higher than the ESGD Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of GEQT.TO and ESGD, 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. ESGD - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.66%, smaller than the maximum ESGD drawdown of -29.34%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and ESGD.

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Drawdown Indicators

GEQT.TOESGDDifference

Max Drawdown

Largest peak-to-trough decline

-23.66%

-29.34%

+5.68%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-11.36%

+2.07%

Max Drawdown (3Y)

Largest decline over 3 years

-18.02%

-14.37%

-3.65%

Max Drawdown (5Y)

Largest decline over 5 years

-23.66%

-24.27%

+0.61%

Current Drawdown

Current decline from peak

-0.75%

0.00%

-0.75%

Average Drawdown

Average peak-to-trough decline

-5.10%

-4.24%

-0.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

3.05%

-0.78%

Volatility

GEQT.TO vs. ESGD - Volatility Comparison

iShares ESG Equity ETF Portfolio (GEQT.TO) and iShares ESG Aware MSCI EAFE ETF (ESGD) have volatilities of 5.72% and 5.71%, 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

GEQT.TOESGDDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.72%

5.71%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.25%

13.66%

-1.41%

Volatility (1Y)

Calculated over the trailing 1-year period

14.41%

16.30%

-1.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

17.76%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

18.10%

-0.74%

GEQT.TO vs. ESGD - Expense Ratio Comparison

GEQT.TO has a 0.25% expense ratio, which is higher than ESGD'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. ESGD - Dividend Comparison

GEQT.TO's dividend yield for the trailing twelve months is around 1.11%, less than ESGD's 3.30% yield.

PositionTTM2025202420232022202120202019201820172016
ESGD
iShares ESG Aware MSCI EAFE ETF		3.30%3.60%3.23%3.02%2.59%2.75%1.63%2.57%2.69%2.65%0.09%
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%0.00%

Frequently Asked Questions

GEQT.TO and ESGD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

GEQT.TO is categorized as Global Equities, while ESGD is Foreign Large Cap Equities. Their fees differ too: 0.25% for GEQT.TO and 0.20% for ESGD.

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