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

GEQT.TO vs. XMY.TO

Last updated Jun 4, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and XMY.TO (iShares MSCI Min Vol Global Index ETF (CAD-Hedged)) are both Global Equities funds from iShares. GEQT.TO is actively managed, while XMY.TO is passively managed. Over the past 5 years, GEQT.TO returned 14.52%/yr vs 6.28%/yr for XMY.TO. At a 0.35 correlation, their price movements are largely independent. GEQT.TO charges 0.25%/yr vs 0.49%/yr for XMY.TO.

Performance

GEQT.TO vs. XMY.TO - 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 MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO). The values are adjusted to include any dividend payments, if applicable.

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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 XMY.TO's 2.30% 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*
—

XMY.TO

1D
0.12%
1M
1.84%
YTD
2.30%
6M
2.49%
1Y
5.25%
3Y*
10.11%
5Y*
6.28%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. XMY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
GEQT.TO
iShares ESG Equity ETF Portfolio		14.67%17.85%25.42%22.35%-15.18%21.99%9.67%
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)		2.30%9.22%13.48%7.15%-7.59%16.37%4.27%

Correlation

The correlation between GEQT.TO and XMY.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.20

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

0.25

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

0.33

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2020

0.35

The correlation between GEQT.TO and XMY.TO shifts across timeframes, from 0.20 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

GEQT.TO vs. XMY.TO - Sectors Allocation Comparison

Sectors
GEQT.TO
XMY.TO

Technology

35.8%
22.4%

Financial Services

28.2%
13.8%

Industrials

8.4%
7.7%

Basic Materials

7.4%
1.6%

Consumer Cyclical

4.8%
5.2%

Healthcare

4.5%
13.1%

Communication Services

2.8%
11.7%

Real Estate

2.7%
0.8%

Consumer Defensive

2.6%
10.2%

Utilities

1.0%
7.8%

Energy

0.1%
3.0%

Technology

GEQT.TO
35.8%
XMY.TO
22.4%

Financial Services

GEQT.TO
28.2%
XMY.TO
13.8%

Industrials

GEQT.TO
8.4%
XMY.TO
7.7%

Basic Materials

GEQT.TO
7.4%
XMY.TO
1.6%

Consumer Cyclical

GEQT.TO
4.8%
XMY.TO
5.2%

Healthcare

GEQT.TO
4.5%
XMY.TO
13.1%

Communication Services

GEQT.TO
2.8%
XMY.TO
11.7%

Real Estate

GEQT.TO
2.7%
XMY.TO
0.8%

Consumer Defensive

GEQT.TO
2.6%
XMY.TO
10.2%

Utilities

GEQT.TO
1.0%
XMY.TO
7.8%

Energy

GEQT.TO
0.1%
XMY.TO
3.0%

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iShares ESG Equity ETF Portfolio

iShares MSCI Min Vol Global Index ETF (CAD-Hedged)

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 XMY.TO:
XMY.TO vs. XMU.TOXMY.TO vs. XMV.TOXMY.TO vs. XML.TOXMY.TO vs. CAGE.TOXMY.TO vs. FCIN.NEOXMY.TO vs. XEQT.TOXMY.TO vs. VMO.TO

Return for Risk

GEQT.TO vs. XMY.TO — 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
XMY.TO
XMY.TO Risk / Return Rank: 2222
Overall Rank
XMY.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
XMY.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
XMY.TO Omega Ratio Rank: 2020
Omega Ratio Rank
XMY.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
XMY.TO Martin Ratio Rank: 2323
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. XMY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Equity ETF Portfolio (GEQT.TO) and iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.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.TOXMY.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
0.72

+1.45

Sortino ratioReturn per unit of downside risk
2.99
1.05

+1.94

Omega ratioGain probability vs. loss probability

1.39

1.13

+0.26

Calmar ratioReturn relative to maximum drawdown

3.21

1.02

+2.18

Martin ratioReturn relative to average drawdown

13.28

2.95

+10.33

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. XMY.TO - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 2.17, which is higher than the XMY.TO Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of GEQT.TO and XMY.TO, 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.TOXMY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

0.72

+1.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.65

+0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

1.16

0.63

+0.54

Drawdowns

GEQT.TO vs. XMY.TO - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.64%, smaller than the maximum XMY.TO drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and XMY.TO.

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Drawdown Indicators

GEQT.TOXMY.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.64%

-29.00%

+5.36%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-5.35%

-3.94%

Max Drawdown (3Y)

Largest decline over 3 years

-17.01%

-8.10%

-8.91%

Max Drawdown (5Y)

Largest decline over 5 years

-23.64%

-13.89%

-9.75%

Current Drawdown

Current decline from peak

-0.42%

-2.20%

+1.78%

Average Drawdown

Average peak-to-trough decline

-4.94%

-3.30%

-1.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

1.85%

+0.39%

Volatility

GEQT.TO vs. XMY.TO - Volatility Comparison

iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 4.08% compared to iShares MSCI Min Vol Global Index ETF (CAD-Hedged) (XMY.TO) at 1.98%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than XMY.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.TOXMY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

1.98%

+2.10%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

5.92%

+5.52%

Volatility (1Y)

Calculated over the trailing 1-year period

13.71%

7.58%

+6.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

9.74%

+4.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.92%

11.48%

+2.44%

GEQT.TO vs. XMY.TO - Expense Ratio Comparison

GEQT.TO has a 0.25% expense ratio, which is lower than XMY.TO's 0.49% expense ratio.

Dividends

GEQT.TO vs. XMY.TO - Dividend Comparison

GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, less than XMY.TO's 1.86% yield.

PositionTTM2025202420232022202120202019201820172016
GEQT.TO
iShares ESG Equity ETF Portfolio		1.10%1.25%1.38%1.58%1.82%1.32%0.87%0.00%0.00%0.00%0.00%
XMY.TO
iShares MSCI Min Vol Global Index ETF (CAD-Hedged)		1.86%1.90%1.91%1.90%1.71%1.40%1.37%2.16%1.45%1.58%2.07%

Frequently Asked Questions

GEQT.TO and XMY.TO have a correlation of 0.20, 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 0.49% for XMY.TO.

Their fees differ too: 0.25% for GEQT.TO and 0.49% for XMY.TO.

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