GEQT.TO vs. XQB.TO
GEQT.TO (iShares ESG Equity ETF Portfolio) and XQB.TO (iShares High Quality Canadian Bond Index ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while XQB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD. GEQT.TO is actively managed, while XQB.TO is passively managed. Over the past 5 years, GEQT.TO returned 14.52%/yr vs 0.97%/yr for XQB.TO. At a 0.18 correlation, their price movements are largely independent. GEQT.TO charges 0.25%/yr vs 0.13%/yr for XQB.TO.
Performance
GEQT.TO vs. XQB.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 XQB.TO's 1.49% 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*
- —
XQB.TO
- 1D
- -0.11%
- 1M
- 1.68%
- YTD
- 1.49%
- 6M
- 0.82%
- 1Y
- 3.20%
- 3Y*
- 4.37%
- 5Y*
- 0.97%
- 10Y*
- 1.64%
GEQT.TO vs. XQB.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% |
XQB.TO iShares High Quality Canadian Bond Index ETF | 1.49% | 3.16% | 4.17% | 6.51% | -10.61% | -2.84% | 0.47% |
Correlation
The correlation between GEQT.TO and XQB.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.18 |
The correlation between GEQT.TO and XQB.TO shifts across timeframes, from 0.18 (5 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GEQT.TO vs. XQB.TO — Risk / Return Rank
GEQT.TO
XQB.TO
GEQT.TO vs. XQB.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 High Quality Canadian Bond Index ETF (XQB.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 | XQB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.14 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.19 | +2.01 |
| Martin ratioReturn relative to average drawdown | 13.28 | 2.93 | +10.34 |
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 | XQB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.79 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.17 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.53 | +0.63 |
Drawdowns
GEQT.TO vs. XQB.TO - Drawdown Comparison
The maximum GEQT.TO drawdown since its inception was -23.64%, which is greater than XQB.TO's maximum drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and XQB.TO.
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Drawdown Indicators
| GEQT.TO | XQB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.64% | -16.57% | -7.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -2.70% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -4.25% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.64% | -14.59% | -9.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.57% | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.50% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -3.07% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.09% | +1.15% |
Volatility
GEQT.TO vs. XQB.TO - Volatility Comparison
iShares ESG Equity ETF Portfolio (GEQT.TO) has a higher volatility of 4.08% compared to iShares High Quality Canadian Bond Index ETF (XQB.TO) at 1.54%. This indicates that GEQT.TO's price experiences larger fluctuations and is considered to be riskier than XQB.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 | XQB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 1.54% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 3.31% | +8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 4.10% | +9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 5.89% | +8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 5.78% | +8.14% |
GEQT.TO vs. XQB.TO - Expense Ratio Comparison
GEQT.TO has a 0.25% expense ratio, which is higher than XQB.TO's 0.13% 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. XQB.TO - Dividend Comparison
GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, less than XQB.TO's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XQB.TO iShares High Quality Canadian Bond Index ETF | 3.41% | 3.39% | 3.24% | 2.93% | 2.75% | 2.37% | 2.37% | 2.53% | 2.59% | 2.54% | 2.67% | 2.80% |
Frequently Asked Questions
GEQT.TO and XQB.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQB.TO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQB.TO is cheaper with a 0.13% expense ratio, compared with 0.25% for GEQT.TO.
GEQT.TO is categorized as Global Equities, while XQB.TO is Canadian Government Bonds. Their fees differ too: 0.25% for GEQT.TO and 0.13% for XQB.TO.
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