GGRO.TO vs. XEI.TO
GGRO.TO (iShares ESG Growth ETF Portfolio) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - GGRO.TO is a Diversified Portfolio fund actively managed by iShares, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. GGRO.TO is actively managed, while XEI.TO is passively managed. Over the past 5 years, GGRO.TO returned 11.20%/yr vs 15.75%/yr for XEI.TO. At a 0.45 correlation, their price movements are largely independent. GGRO.TO charges 0.25%/yr vs 0.22%/yr for XEI.TO.
Performance
GGRO.TO vs. XEI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GGRO.TO achieves a 11.48% return, which is significantly lower than XEI.TO's 23.25% return.
GGRO.TO
- 1D
- -0.04%
- 1M
- 6.33%
- YTD
- 11.48%
- 6M
- 8.73%
- 1Y
- 22.29%
- 3Y*
- 18.93%
- 5Y*
- 11.20%
- 10Y*
- —
XEI.TO
- 1D
- 0.85%
- 1M
- 3.41%
- YTD
- 23.25%
- 6M
- 23.82%
- 1Y
- 45.53%
- 3Y*
- 22.82%
- 5Y*
- 15.75%
- 10Y*
- 12.30%
GGRO.TO vs. XEI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 11.48% | 14.24% | 20.48% | 19.18% | -14.11% | 15.52% | 7.20% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 23.25% | 25.96% | 15.42% | 6.69% | 0.41% | 35.88% | 10.86% |
Correlation
The correlation between GGRO.TO and XEI.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2020 | 0.45 |
Over the past year, the correlation between GGRO.TO and XEI.TO has dropped to 0.23 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
GGRO.TO vs. XEI.TO - Sectors Allocation Comparison
Sectors
GGRO.TO
XEI.TO
Technology
Financial Services
Industrials
Basic Materials
Consumer Cyclical
Healthcare
Real Estate
Communication Services
Consumer Defensive
Utilities
Energy
Technology
GGRO.TO
XEI.TO
Financial Services
GGRO.TO
XEI.TO
Industrials
GGRO.TO
XEI.TO
Basic Materials
GGRO.TO
XEI.TO
Consumer Cyclical
GGRO.TO
XEI.TO
Healthcare
GGRO.TO
XEI.TO
Real Estate
GGRO.TO
XEI.TO
Communication Services
GGRO.TO
XEI.TO
Consumer Defensive
GGRO.TO
XEI.TO
Utilities
GGRO.TO
XEI.TO
Energy
GGRO.TO
XEI.TO
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Return for Risk
GGRO.TO vs. XEI.TO — Risk / Return Rank
GGRO.TO
XEI.TO
GGRO.TO vs. XEI.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 S&P/TSX Composite High Dividend Index ETF (XEI.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.
| GGRO.TO | XEI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.46 | ||
| Sortino ratioReturn per unit of downside risk | -6.86 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 2.34 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 20.39 | -17.50 |
| Martin ratioReturn relative to average drawdown | 11.66 | 69.23 | -57.58 |
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
| GGRO.TO | XEI.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 6.34 | -4.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.41 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.67 | +0.40 |
Drawdowns
GGRO.TO vs. XEI.TO - Drawdown Comparison
The maximum GGRO.TO drawdown since its inception was -22.13%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for GGRO.TO and XEI.TO.
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Drawdown Indicators
| GGRO.TO | XEI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -45.51% | +23.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -2.24% | -5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.78% | -9.92% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | -17.32% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.51% | — |
Current DrawdownCurrent decline from peak | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -5.05% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.66% | +1.26% |
Volatility
GGRO.TO vs. XEI.TO - Volatility Comparison
iShares ESG Growth ETF Portfolio (GGRO.TO) has a higher volatility of 3.84% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.89%. This indicates that GGRO.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGRO.TO | XEI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 2.89% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 6.03% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 7.24% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 11.24% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 16.01% | -4.44% |
GGRO.TO vs. XEI.TO - Expense Ratio Comparison
GGRO.TO has a 0.25% expense ratio, which is higher than XEI.TO's 0.22% 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
GGRO.TO vs. XEI.TO - Dividend Comparison
GGRO.TO's dividend yield for the trailing twelve months is around 1.38%, less than XEI.TO's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 1.38% | 1.51% | 1.62% | 1.89% | 1.69% | 1.43% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.53% | 4.39% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% |
Frequently Asked Questions
GGRO.TO and XEI.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEI.TO is cheaper with a 0.22% expense ratio, compared with 0.25% for GGRO.TO.
GGRO.TO is categorized as Diversified Portfolio, while XEI.TO is Canada Equities. Their fees differ too: 0.25% for GGRO.TO and 0.22% for XEI.TO.
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