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

GEQT.TO vs. SPYX

Last updated Jun 14, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while SPYX is a S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index. GEQT.TO is actively managed, while SPYX is passively managed. Over the past 5 years, GEQT.TO returned 14.25%/yr vs 16.27%/yr for SPYX. A 0.56 correlation means they provide meaningful diversification when combined. GEQT.TO charges 0.25%/yr vs 0.20%/yr for SPYX.

Performance

GEQT.TO vs. SPYX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Equity ETF Portfolio (GEQT.TO) and State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX). 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 SPYX is traded in USD. To make them comparable, the SPYX 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 SPYX's 10.45% 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*
—

SPYX

1D
0.71%
1M
1.09%
YTD
10.45%
6M
10.17%
1Y
28.36%
3Y*
22.59%
5Y*
16.27%
10Y*
16.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. SPYX - 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%
SPYX
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF		10.45%12.49%36.08%23.37%-14.49%28.00%4.63%

Correlation

The correlation between GEQT.TO and SPYX is 0.78, 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

0.78

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

0.61

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

0.57

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

0.56

Over the past year, GEQT.TO and SPYX have become more correlated (0.78) than their long-term average of 0.56, meaning their price movements have been converging.

GEQT.TO vs. SPYX - Sectors Allocation Comparison

Sectors
GEQT.TO
SPYX

Technology

34.2%
39.7%

Financial Services

29.0%
11.4%

Industrials

8.6%
7.9%

Basic Materials

7.0%
1.7%

Consumer Cyclical

5.0%
10.1%

Healthcare

4.9%
8.5%

Real Estate

2.9%
1.9%

Communication Services

2.8%
10.9%

Consumer Defensive

2.7%
4.6%

Utilities

1.0%
2.2%

Energy

0.1%
1.1%

Technology

GEQT.TO
34.2%
SPYX
39.7%

Financial Services

GEQT.TO
29.0%
SPYX
11.4%

Industrials

GEQT.TO
8.6%
SPYX
7.9%

Basic Materials

GEQT.TO
7.0%
SPYX
1.7%

Consumer Cyclical

GEQT.TO
5.0%
SPYX
10.1%

Healthcare

GEQT.TO
4.9%
SPYX
8.5%

Real Estate

GEQT.TO
2.9%
SPYX
1.9%

Communication Services

GEQT.TO
2.8%
SPYX
10.9%

Consumer Defensive

GEQT.TO
2.7%
SPYX
4.6%

Utilities

GEQT.TO
1.0%
SPYX
2.2%

Energy

GEQT.TO
0.1%
SPYX
1.1%

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

State Street SPDR S&P 500 Fossil Fuel Reserves Free 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 SPYX:
SPYX vs. SPYSPYX vs. EFIVSPYX vs. QQQSPYX vs. EFAXSPYX vs. SPYGSPYX vs. USXFSPYX vs. SCHD

Return for Risk

GEQT.TO vs. SPYX — 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
SPYX
SPYX Risk / Return Rank: 6363
Overall Rank
SPYX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SPYX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SPYX Omega Ratio Rank: 6666
Omega Ratio Rank
SPYX Calmar Ratio Rank: 5454
Calmar Ratio Rank
SPYX Martin Ratio Rank: 6767
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. SPYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX). 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.TOSPYXDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.03

-0.06

Sortino ratioReturn per unit of downside risk
2.71
2.79

-0.08

Omega ratioGain probability vs. loss probability

1.36

1.35

0.00

Calmar ratioReturn relative to maximum drawdown

3.06

2.66

+0.40

Martin ratioReturn relative to average drawdown

12.49

9.95

+2.54

GEQT.TO vs. SPYX - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 1.97, which is comparable to the SPYX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of GEQT.TO and SPYX, 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. SPYX - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.66%, smaller than the maximum SPYX drawdown of -26.73%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and SPYX.

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Drawdown Indicators

GEQT.TOSPYXDifference

Max Drawdown

Largest peak-to-trough decline

-23.66%

-26.73%

+3.07%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-9.93%

+0.64%

Max Drawdown (3Y)

Largest decline over 3 years

-18.02%

-19.40%

+1.38%

Max Drawdown (5Y)

Largest decline over 5 years

-23.66%

-23.97%

+0.31%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.73%

—

Current Drawdown

Current decline from peak

-0.75%

-1.49%

+0.74%

Average Drawdown

Average peak-to-trough decline

-5.10%

-4.22%

-0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

2.66%

-0.39%

Volatility

GEQT.TO vs. SPYX - Volatility Comparison

iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 5.72% compared to State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) at 4.67%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than SPYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GEQT.TOSPYXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.72%

4.67%

+1.05%

Volatility (6M)

Calculated over the trailing 6-month period

12.25%

10.26%

+1.99%

Volatility (1Y)

Calculated over the trailing 1-year period

14.41%

13.00%

+1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.58%

18.07%

-0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

19.09%

-1.73%

GEQT.TO vs. SPYX - Expense Ratio Comparison

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

GEQT.TO's dividend yield for the trailing twelve months is around 1.11%, more than SPYX's 0.86% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
SPYX
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF		0.86%0.91%1.05%1.21%1.41%1.04%1.33%1.56%1.92%1.68%1.91%0.16%

Frequently Asked Questions

GEQT.TO and SPYX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

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