GEQT.TO vs. HEQT.TO
GEQT.TO (iShares ESG Equity ETF Portfolio) and HEQT.TO (Horizons All-Equity Asset Allocation ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, GEQT.TO returned 14.52%/yr vs 16.77%/yr for HEQT.TO. A 0.75 correlation means they provide meaningful diversification when combined. GEQT.TO charges 0.25%/yr vs 0.20%/yr for HEQT.TO.
Performance
GEQT.TO vs. HEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GEQT.TO achieves a 14.67% return, which is significantly higher than HEQT.TO's 13.56% 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*
- —
HEQT.TO
- 1D
- -0.58%
- 1M
- 6.87%
- YTD
- 13.56%
- 6M
- 13.18%
- 1Y
- 31.58%
- 3Y*
- 25.58%
- 5Y*
- 16.77%
- 10Y*
- —
GEQT.TO vs. HEQT.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% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 13.56% | 19.82% | 25.95% | 31.63% | -12.65% | 23.11% | 11.95% |
Correlation
The correlation between GEQT.TO and HEQT.TO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.75 |
The correlation between GEQT.TO and HEQT.TO shifts across timeframes, from 0.75 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GEQT.TO vs. HEQT.TO — Risk / Return Rank
GEQT.TO
HEQT.TO
GEQT.TO vs. HEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.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 | HEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.50 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.74 | -0.53 |
| Martin ratioReturn relative to average drawdown | 13.28 | 16.49 | -3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GEQT.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.65 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 1.10 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 1.05 | +0.11 |
Drawdowns
GEQT.TO vs. HEQT.TO - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.64%, smaller than the maximum HEQT.TO drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and HEQT.TO.
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Drawdown Indicators
| GEQT.TO | HEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.64% | -31.82% | +8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -8.49% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -15.33% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.64% | -24.25% | +0.61% |
Current DrawdownCurrent decline from peak | -0.42% | -0.58% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -4.29% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.92% | +0.32% |
Volatility
GEQT.TO vs. HEQT.TO - Volatility Comparison
iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 4.08% compared to Horizons All-Equity Asset Allocation ETF (HEQT.TO) at 3.53%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than HEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GEQT.TO | HEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.53% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 9.67% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 11.96% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 15.33% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 17.16% | -3.24% |
GEQT.TO vs. HEQT.TO - Expense Ratio Comparison
GEQT.TO has a 0.25% expense ratio, which is higher than HEQT.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. HEQT.TO - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, less than HEQT.TO's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 1.10% | 1.25% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% | 0.00% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.61% | 1.70% | 3.22% | 7.85% | 7.31% | 0.48% | 1.40% | 0.22% |
Frequently Asked Questions
GEQT.TO and HEQT.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.25% for GEQT.TO.
They also come from different issuers: iShares and Horizons. Their fees differ too: 0.25% for GEQT.TO and 0.20% for HEQT.TO.
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