GGRO.TO vs. XEH.TO
GGRO.TO (iShares ESG Growth ETF Portfolio) and XEH.TO (iShares MSCI Europe IMI Index ETF (CAD-Hedged)) are both exchange-traded funds - GGRO.TO is a Diversified Portfolio fund actively managed by iShares, while XEH.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD. GGRO.TO is actively managed, while XEH.TO is passively managed. Over the past 5 years, GGRO.TO returned 11.34%/yr vs 9.41%/yr for XEH.TO. A 0.54 correlation means they provide meaningful diversification when combined. GGRO.TO charges 0.25%/yr vs 0.28%/yr for XEH.TO.
Performance
GGRO.TO vs. XEH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GGRO.TO achieves a 13.16% return, which is significantly higher than XEH.TO's 8.96% return.
GGRO.TO
- 1D
- 1.41%
- 1M
- 5.68%
- YTD
- 13.16%
- 6M
- 11.03%
- 1Y
- 25.16%
- 3Y*
- 18.97%
- 5Y*
- 11.34%
- 10Y*
- —
XEH.TO
- 1D
- 0.34%
- 1M
- 4.85%
- YTD
- 8.96%
- 6M
- 10.12%
- 1Y
- 19.04%
- 3Y*
- 13.62%
- 5Y*
- 9.41%
- 10Y*
- 10.47%
GGRO.TO vs. XEH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 13.16% | 14.25% | 20.49% | 19.17% | -14.12% | 15.53% | 7.20% |
XEH.TO iShares MSCI Europe IMI Index ETF (CAD-Hedged) | 8.96% | 20.43% | 7.72% | 15.86% | -8.30% | 21.78% | 8.21% |
Correlation
The correlation between GGRO.TO and XEH.TO is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.54 |
The correlation between GGRO.TO and XEH.TO shifts across timeframes, from 0.54 (3 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GGRO.TO vs. XEH.TO — Risk / Return Rank
GGRO.TO
XEH.TO
GGRO.TO vs. XEH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Growth ETF Portfolio (GGRO.TO) and iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.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.
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.
| GGRO.TO | XEH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.84 | +1.42 |
| Martin ratioReturn relative to average drawdown | 13.00 | 7.53 | +5.47 |
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Drawdowns
GGRO.TO vs. XEH.TO - Drawdown Comparison
The maximum GGRO.TO drawdown since its inception was -22.12%, smaller than the maximum XEH.TO drawdown of -35.81%. Use the drawdown chart below to compare losses from any high point for GGRO.TO and XEH.TO.
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Drawdown Indicators
| GGRO.TO | XEH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -35.81% | +13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -10.38% | +2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -15.01% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -20.33% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.92% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.53% | -0.59% |
Volatility
GGRO.TO vs. XEH.TO - Volatility Comparison
iShares ESG Growth ETF Portfolio (GGRO.TO) and iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) have volatilities of 4.56% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGRO.TO | XEH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.44% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 10.79% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 12.85% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 14.23% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 16.04% | +0.31% |
GGRO.TO vs. XEH.TO - Expense Ratio Comparison
GGRO.TO has a 0.25% expense ratio, which is lower than XEH.TO's 0.28% expense ratio.
Dividends
GGRO.TO vs. XEH.TO - Dividend Comparison
GGRO.TO's dividend yield for the trailing twelve months is around 1.37%, less than XEH.TO's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 1.37% | 1.52% | 1.63% | 1.89% | 1.69% | 1.44% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEH.TO iShares MSCI Europe IMI Index ETF (CAD-Hedged) | 2.30% | 2.50% | 2.71% | 2.98% | 3.12% | 2.40% | 2.01% | 3.52% | 3.39% | 2.22% | 2.39% | 2.27% |
Frequently Asked Questions
GGRO.TO and XEH.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGRO.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGRO.TO is cheaper with a 0.25% expense ratio, compared with 0.28% for XEH.TO.
GGRO.TO is categorized as Diversified Portfolio, while XEH.TO is Europe Equities. Their fees differ too: 0.25% for GGRO.TO and 0.28% for XEH.TO.
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