GSWO vs. XEQT.TO
GSWO (Goldman Sachs ActiveBeta World Equity ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both Global Equities funds. GSWO is passively managed, while XEQT.TO is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. GSWO charges 0.25%/yr vs 0.20%/yr for XEQT.TO.
Performance
GSWO vs. XEQT.TO - Performance Comparison
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Different Trading Currencies
GSWO is traded in USD, while XEQT.TO is traded in CAD. To make them comparable, the XEQT.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GSWO achieves a 8.59% return, which is significantly lower than XEQT.TO's 11.77% return.
GSWO
- 1D
- -2.69%
- 1M
- -0.16%
- YTD
- 8.59%
- 6M
- 9.20%
- 1Y
- 17.86%
- 3Y*
- 17.89%
- 5Y*
- —
- 10Y*
- —
XEQT.TO
- 1D
- 0.00%
- 1M
- 2.14%
- YTD
- 11.77%
- 6M
- 11.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSWO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 8.59% | 7.90% |
XEQT.TO iShares Core Equity ETF Portfolio | 8.56% | 14.37% |
Correlation
The correlation between GSWO and XEQT.TO is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.82 |
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Return for Risk
GSWO vs. XEQT.TO — Risk / Return Rank
GSWO
XEQT.TO
GSWO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta World Equity ETF (GSWO) 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.
| GSWO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.30 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | — | — |
| Martin ratioReturn relative to average drawdown | 9.58 | — | — |
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
| GSWO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 2.21 | -1.27 |
Drawdowns
GSWO vs. XEQT.TO - Drawdown Comparison
The maximum GSWO drawdown since its inception was -17.77%, which is greater than XEQT.TO's maximum drawdown of -9.23%. Use the drawdown chart below to compare losses from any high point for GSWO and XEQT.TO.
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Drawdown Indicators
| GSWO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -9.23% | -8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -0.18% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -1.16% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | — | — |
Volatility
GSWO vs. XEQT.TO - Volatility Comparison
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Volatility by Period
| GSWO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 12.74% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.02% | 12.74% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 12.74% | +0.28% |
GSWO vs. XEQT.TO - Expense Ratio Comparison
GSWO 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%.
Dividends
GSWO vs. XEQT.TO - Dividend Comparison
GSWO's dividend yield for the trailing twelve months is around 1.65%, more than XEQT.TO's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.65% | 1.74% | 1.75% | 2.06% | 1.73% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.51% | 1.66% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSWO and XEQT.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.25% for GSWO.
They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.25% for GSWO and 0.20% for XEQT.TO.
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