HEQT.TO vs. XAW.TO
Compare and contrast key facts about Horizons All-Equity Asset Allocation ETF (HEQT.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).
HEQT.TO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEQT.TO is an actively managed fund by Horizons. It was launched on Sep 13, 2019. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEQT.TO or XAW.TO.
Key characteristics
| HEQT.TO | XAW.TO | |
|---|---|---|
| YTD Return | 23.29% | 25.47% |
| 1Y Return | 30.78% | 33.06% |
| 3Y Return (Ann) | 6.97% | 10.02% |
| 5Y Return (Ann) | 12.66% | 12.27% |
| Sharpe Ratio | 3.09 | 3.27 |
| Sortino Ratio | 4.32 | 4.54 |
| Omega Ratio | 1.59 | 1.62 |
| Calmar Ratio | 4.21 | 4.54 |
| Martin Ratio | 21.94 | 22.76 |
| Ulcer Index | 1.39% | 1.41% |
| Daily Std Dev | 9.86% | 9.84% |
| Max Drawdown | -31.82% | -27.32% |
| Current Drawdown | -0.06% | 0.00% |
Correlation
The correlation between HEQT.TO and XAW.TO is 0.87, 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
HEQT.TO vs. XAW.TO - Performance Comparison
In the year-to-date period, HEQT.TO achieves a 23.29% return, which is significantly lower than XAW.TO's 25.47% return. 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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HEQT.TO vs. XAW.TO - Expense Ratio Comparison
HEQT.TO has a 0.20% expense ratio, which is lower than XAW.TO's 0.22% expense ratio. Despite the difference, 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
HEQT.TO vs. XAW.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons All-Equity Asset Allocation ETF (HEQT.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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
HEQT.TO vs. XAW.TO - Dividend Comparison
HEQT.TO's dividend yield for the trailing twelve months is around 1.67%, more than XAW.TO's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.67% | 0.84% | 0.03% | 0.02% | 1.40% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
XAW.TO iShares Core MSCI All Country World ex Canada Index ETF | 1.45% | 1.71% | 1.79% | 1.77% | 1.49% | 2.02% | 2.29% | 1.92% | 1.80% | 1.83% |
Drawdowns
HEQT.TO vs. XAW.TO - Drawdown Comparison
The maximum HEQT.TO drawdown since its inception was -31.82%, which is greater than XAW.TO's maximum drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for HEQT.TO and XAW.TO. For additional features, visit the drawdowns tool.
Volatility
HEQT.TO vs. XAW.TO - Volatility Comparison
Horizons All-Equity Asset Allocation ETF (HEQT.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) have volatilities of 3.18% and 3.10%, 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.