GGRO.TO vs. XEQT.TO
Compare and contrast key facts about iShares ESG Growth ETF Portfolio (GGRO.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
GGRO.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGRO.TO is an actively managed fund by iShares. It was launched on Sep 2, 2020. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGRO.TO or XEQT.TO.
Key characteristics
| GGRO.TO | XEQT.TO | |
|---|---|---|
| YTD Return | 19.91% | 20.01% |
| 1Y Return | 29.50% | 27.91% |
| 3Y Return (Ann) | 6.94% | 7.78% |
| Sharpe Ratio | 3.37 | 3.05 |
| Sortino Ratio | 4.84 | 4.25 |
| Omega Ratio | 1.67 | 1.57 |
| Calmar Ratio | 4.16 | 4.36 |
| Martin Ratio | 24.66 | 22.68 |
| Ulcer Index | 1.27% | 1.27% |
| Daily Std Dev | 9.24% | 9.48% |
| Max Drawdown | -22.13% | -29.74% |
| Current Drawdown | -1.50% | -2.06% |
Correlation
The correlation between GGRO.TO and XEQT.TO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GGRO.TO vs. XEQT.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with GGRO.TO having a 19.91% return and XEQT.TO slightly higher at 20.01%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GGRO.TO vs. XEQT.TO - Expense Ratio Comparison
GGRO.TO has a 0.25% expense ratio, which is higher than XEQT.TO's 0.20% 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%.
Risk-Adjusted Performance
GGRO.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Growth ETF Portfolio (GGRO.TO) and iShares Core Equity ETF Portfolio (XEQT.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.
Dividends
GGRO.TO vs. XEQT.TO - Dividend Comparison
GGRO.TO's dividend yield for the trailing twelve months is around 1.71%, less than XEQT.TO's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
GGRO.TO iShares ESG Growth ETF Portfolio | 1.71% | 1.89% | 1.69% | 1.43% | 0.83% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.86% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
GGRO.TO vs. XEQT.TO - Drawdown Comparison
The maximum GGRO.TO drawdown since its inception was -22.13%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for GGRO.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
GGRO.TO vs. XEQT.TO - Volatility Comparison
iShares ESG Growth ETF Portfolio (GGRO.TO) and iShares Core Equity ETF Portfolio (XEQT.TO) have volatilities of 2.37% and 2.49%, 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.