HEQT.TO vs. XGRO.TO
Compare and contrast key facts about Horizons All-Equity Asset Allocation ETF (HEQT.TO) and iShares Core Growth ETF Portfolio (XGRO.TO).
HEQT.TO and XGRO.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. XGRO.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEQT.TO or XGRO.TO.
Key characteristics
| HEQT.TO | XGRO.TO | |
|---|---|---|
| YTD Return | 16.64% | 14.40% |
| 1Y Return | 23.66% | 21.17% |
| 3Y Return (Ann) | 6.57% | 5.90% |
| 5Y Return (Ann) | 12.25% | 9.12% |
| Sharpe Ratio | 2.25 | 2.45 |
| Daily Std Dev | 10.16% | 8.37% |
| Max Drawdown | -31.82% | -47.93% |
| Current Drawdown | -0.40% | -0.27% |
Correlation
The correlation between HEQT.TO and XGRO.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. XGRO.TO - Performance Comparison
In the year-to-date period, HEQT.TO achieves a 16.64% return, which is significantly higher than XGRO.TO's 14.40% 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. XGRO.TO - Expense Ratio Comparison
Both HEQT.TO and XGRO.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. XGRO.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 Growth ETF Portfolio (XGRO.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. XGRO.TO - Dividend Comparison
HEQT.TO's dividend yield for the trailing twelve months is around 1.76%, less than XGRO.TO's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.76% | 0.84% | 0.03% | 0.02% | 1.40% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGRO.TO iShares Core Growth ETF Portfolio | 2.09% | 2.27% | 1.89% | 1.69% | 1.98% | 2.25% | 7.56% | 2.08% | 2.70% | 2.19% | 5.71% | 1.66% |
Drawdowns
HEQT.TO vs. XGRO.TO - Drawdown Comparison
The maximum HEQT.TO drawdown since its inception was -31.82%, smaller than the maximum XGRO.TO drawdown of -47.93%. Use the drawdown chart below to compare losses from any high point for HEQT.TO and XGRO.TO. For additional features, visit the drawdowns tool.
Volatility
HEQT.TO vs. XGRO.TO - Volatility Comparison
Horizons All-Equity Asset Allocation ETF (HEQT.TO) has a higher volatility of 3.86% compared to iShares Core Growth ETF Portfolio (XGRO.TO) at 3.42%. This indicates that HEQT.TO's price experiences larger fluctuations and is considered to be riskier than XGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.