HEQT.TO vs. XEQT.TO
Compare and contrast key facts about Horizons All-Equity Asset Allocation ETF (HEQT.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
HEQT.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. HEQT.TO is an actively managed fund by Horizons. It was launched on Sep 13, 2019. 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: HEQT.TO or XEQT.TO.
Key characteristics
| HEQT.TO | XEQT.TO | |
|---|---|---|
| YTD Return | 22.81% | 23.53% |
| 1Y Return | 26.92% | 28.56% |
| 3Y Return (Ann) | 6.69% | 8.51% |
| 5Y Return (Ann) | 12.52% | 11.90% |
| Sharpe Ratio | 2.94 | 3.18 |
| Sortino Ratio | 4.12 | 4.45 |
| Omega Ratio | 1.56 | 1.59 |
| Calmar Ratio | 4.05 | 4.61 |
| Martin Ratio | 20.83 | 23.92 |
| Ulcer Index | 1.39% | 1.28% |
| Daily Std Dev | 9.83% | 9.61% |
| Max Drawdown | -31.82% | -29.74% |
| Current Drawdown | -0.50% | -0.30% |
Correlation
The correlation between HEQT.TO and XEQT.TO is 0.89, 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. XEQT.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with HEQT.TO having a 22.81% return and XEQT.TO slightly higher at 23.53%. 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. XEQT.TO - Expense Ratio Comparison
Both HEQT.TO and XEQT.TO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
HEQT.TO vs. XEQT.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 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
HEQT.TO vs. XEQT.TO - Dividend Comparison
HEQT.TO's dividend yield for the trailing twelve months is around 1.68%, less than XEQT.TO's 1.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.68% | 0.84% | 0.03% | 0.02% | 1.40% | 0.22% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.80% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
HEQT.TO vs. XEQT.TO - Drawdown Comparison
The maximum HEQT.TO drawdown since its inception was -31.82%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for HEQT.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
HEQT.TO vs. XEQT.TO - Volatility Comparison
Horizons All-Equity Asset Allocation ETF (HEQT.TO) has a higher volatility of 3.16% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.99%. This indicates that HEQT.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.