GEQT.TO vs. HYXF
GEQT.TO (iShares ESG Equity ETF Portfolio) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. GEQT.TO is actively managed, while HYXF is passively managed. Over the past 5 years, GEQT.TO returned 14.25%/yr vs 6.64%/yr for HYXF. At a 0.32 correlation, their price movements are largely independent. GEQT.TO charges 0.25%/yr vs 0.35%/yr for HYXF.
Performance
GEQT.TO vs. HYXF - Performance Comparison
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Different Trading Currencies
GEQT.TO is traded in CAD, while HYXF is traded in USD. To make them comparable, the HYXF 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 HYXF's 3.10% 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*
- —
HYXF
- 1D
- 0.13%
- 1M
- 2.43%
- YTD
- 3.10%
- 6M
- 3.23%
- 1Y
- 8.75%
- 3Y*
- 10.13%
- 5Y*
- 6.64%
- 10Y*
- —
GEQT.TO vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 14.29% | 17.86% | 25.42% | 22.35% | -15.19% | 21.99% | 7.15% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 3.10% | 3.91% | 17.52% | 9.21% | -6.32% | 2.55% | 1.79% |
Correlation
The correlation between GEQT.TO and HYXF is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.32 |
The correlation between GEQT.TO and HYXF shifts across timeframes, from 0.32 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GEQT.TO vs. HYXF — Risk / Return Rank
GEQT.TO
HYXF
GEQT.TO vs. HYXF - 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 Advanced High Yield Corporate Bond ETF (HYXF). 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.TO | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.08 | +0.98 |
| Martin ratioReturn relative to average drawdown | 12.49 | 5.63 | +6.85 |
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Drawdowns
GEQT.TO vs. HYXF - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.66%, which is greater than HYXF's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and HYXF.
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Drawdown Indicators
| GEQT.TO | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.66% | -15.68% | -7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -3.94% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -7.38% | -10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -15.68% | -7.98% |
Current DrawdownCurrent decline from peak | -0.75% | 0.00% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -3.00% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 1.45% | +0.82% |
Volatility
GEQT.TO vs. HYXF - Volatility Comparison
iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 5.72% compared to iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) at 1.53%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than HYXF 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 | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 1.53% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 4.20% | +8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 5.74% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 10.30% | +7.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 10.53% | +6.83% |
GEQT.TO vs. HYXF - Expense Ratio Comparison
GEQT.TO has a 0.25% expense ratio, which is lower than HYXF's 0.35% expense ratio.
Dividends
GEQT.TO vs. HYXF - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.11%, less than HYXF's 6.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
Frequently Asked Questions
GEQT.TO and HYXF have a correlation of 0.42, 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 0.35% for HYXF.
GEQT.TO is categorized as Global Equities, while HYXF is High Yield Bonds. Their fees differ too: 0.25% for GEQT.TO and 0.35% for HYXF.
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