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

GEQT.TO vs. XSEM.TO

Last updated Jun 4, 2026

GEQT.TO (iShares ESG Equity ETF Portfolio) and XSEM.TO (iShares ESG Aware MSCI Emerging Markets Index ETF) are both exchange-traded funds - GEQT.TO is a Global Equities fund actively managed by iShares, while XSEM.TO is a Emerging Markets Equities fund tracking the Morningstar EM GR CAD. GEQT.TO is actively managed, while XSEM.TO is passively managed. Over the past 5 years, GEQT.TO returned 14.52%/yr vs 9.59%/yr for XSEM.TO. A 0.52 correlation means they provide meaningful diversification when combined. GEQT.TO charges 0.25%/yr vs 0.32%/yr for XSEM.TO.

Performance

GEQT.TO vs. XSEM.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 ESG Aware MSCI Emerging Markets Index ETF (XSEM.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 lower than XSEM.TO's 28.13% 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*
—

XSEM.TO

1D
-0.86%
1M
12.07%
YTD
28.13%
6M
29.29%
1Y
57.34%
3Y*
25.23%
5Y*
9.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEQT.TO vs. XSEM.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%
XSEM.TO
iShares ESG Aware MSCI Emerging Markets Index ETF		28.13%30.16%14.82%7.04%-17.24%-3.58%15.48%

Correlation

The correlation between GEQT.TO and XSEM.TO is 0.72, 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

0.72

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

0.58

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

0.53

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

0.52

Over the past year, GEQT.TO and XSEM.TO have become more correlated (0.72) than their long-term average of 0.52, meaning their price movements have been converging.

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

Sectors
GEQT.TO
XSEM.TO

Technology

35.8%
37.0%

Financial Services

28.2%
24.1%

Industrials

8.4%
5.6%

Basic Materials

7.4%
4.5%

Consumer Cyclical

4.8%
9.7%

Healthcare

4.5%
2.8%

Communication Services

2.8%
8.4%

Real Estate

2.7%
1.2%

Consumer Defensive

2.6%
2.3%

Utilities

1.0%
1.7%

Energy

0.1%
2.7%

Technology

GEQT.TO
35.8%
XSEM.TO
37.0%

Financial Services

GEQT.TO
28.2%
XSEM.TO
24.1%

Industrials

GEQT.TO
8.4%
XSEM.TO
5.6%

Basic Materials

GEQT.TO
7.4%
XSEM.TO
4.5%

Consumer Cyclical

GEQT.TO
4.8%
XSEM.TO
9.7%

Healthcare

GEQT.TO
4.5%
XSEM.TO
2.8%

Communication Services

GEQT.TO
2.8%
XSEM.TO
8.4%

Real Estate

GEQT.TO
2.7%
XSEM.TO
1.2%

Consumer Defensive

GEQT.TO
2.6%
XSEM.TO
2.3%

Utilities

GEQT.TO
1.0%
XSEM.TO
1.7%

Energy

GEQT.TO
0.1%
XSEM.TO
2.7%

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iShares ESG Equity ETF Portfolio

iShares ESG Aware MSCI Emerging Markets Index 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 XSEM.TO:
XSEM.TO vs. XDSR.TOXSEM.TO vs. XMM.TOXSEM.TO vs. XEQT.TOXSEM.TO vs. XEC.TOXSEM.TO vs. XEF.TOXSEM.TO vs. VE.TOXSEM.TO vs. ZEM.TO

Return for Risk

GEQT.TO vs. XSEM.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
XSEM.TO
XSEM.TO Risk / Return Rank: 8585
Overall Rank
XSEM.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XSEM.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
XSEM.TO Omega Ratio Rank: 8686
Omega Ratio Rank
XSEM.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XSEM.TO Martin Ratio Rank: 8383
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. XSEM.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 ESG Aware MSCI Emerging Markets Index ETF (XSEM.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.TOXSEM.TODifference
Sharpe ratioReturn per unit of total volatility
2.17
2.96

-0.79

Sortino ratioReturn per unit of downside risk
2.99
3.78

-0.79

Omega ratioGain probability vs. loss probability

1.39

1.54

-0.15

Calmar ratioReturn relative to maximum drawdown

3.21

4.69

-1.48

Martin ratioReturn relative to average drawdown

13.28

17.06

-3.79

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. XSEM.TO - Sharpe Ratio Comparison

The current GEQT.TO Sharpe Ratio is 2.17, which is comparable to the XSEM.TO Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of GEQT.TO and XSEM.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.TOXSEM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

2.96

-0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.57

+0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

1.16

0.55

+0.61

Drawdowns

GEQT.TO vs. XSEM.TO - Drawdown Comparison

The maximum GEQT.TO drawdown since its inception was -23.64%, smaller than the maximum XSEM.TO drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for GEQT.TO and XSEM.TO.

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Drawdown Indicators

GEQT.TOXSEM.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.64%

-37.03%

+13.39%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-12.30%

+3.01%

Max Drawdown (3Y)

Largest decline over 3 years

-17.01%

-15.17%

-1.84%

Max Drawdown (5Y)

Largest decline over 5 years

-23.64%

-33.18%

+9.54%

Current Drawdown

Current decline from peak

-0.42%

-0.86%

+0.44%

Average Drawdown

Average peak-to-trough decline

-4.94%

-13.17%

+8.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.24%

3.37%

-1.13%

Volatility

GEQT.TO vs. XSEM.TO - Volatility Comparison

The current volatility for iShares ESG Equity ETF Portfolio (GEQT.TO) is 4.08%, while iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) has a volatility of 8.35%. This indicates that GEQT.TO experiences smaller price fluctuations and is considered to be less risky than XSEM.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.TOXSEM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

8.35%

-4.27%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

17.02%

-5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

13.71%

19.47%

-5.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

17.06%

-2.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.92%

18.26%

-4.34%

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

GEQT.TO has a 0.25% expense ratio, which is lower than XSEM.TO's 0.32% expense ratio.

Dividends

GEQT.TO vs. XSEM.TO - Dividend Comparison

GEQT.TO's dividend yield for the trailing twelve months is around 1.10%, less than XSEM.TO's 1.41% yield.

PositionTTM2025202420232022202120202019
GEQT.TO
iShares ESG Equity ETF Portfolio		1.10%1.25%1.38%1.58%1.82%1.32%0.87%0.00%
XSEM.TO
iShares ESG Aware MSCI Emerging Markets Index ETF		1.41%1.80%2.12%1.12%2.29%2.50%1.16%2.46%

Frequently Asked Questions

GEQT.TO and XSEM.TO have a correlation of 0.72, 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 0.32% for XSEM.TO.

GEQT.TO is categorized as Global Equities, while XSEM.TO is Emerging Markets Equities. Their fees differ too: 0.25% for GEQT.TO and 0.32% for XSEM.TO.

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