INOC.TO vs. XEG.TO
INOC.TO (Global X Inovestor Canadian Equity Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - INOC.TO is a Canada Equities fund tracking the Nasdaq Inovestor Canada Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 5 years, INOC.TO returned 11.20%/yr vs 27.71%/yr for XEG.TO. At a 0.27 correlation, their price movements are largely independent. INOC.TO charges 0.76%/yr vs 0.60%/yr for XEG.TO.
Performance
INOC.TO vs. XEG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, INOC.TO achieves a 11.12% return, which is significantly lower than XEG.TO's 32.35% return.
INOC.TO
- 1D
- 0.16%
- 1M
- 4.50%
- YTD
- 11.12%
- 6M
- 13.11%
- 1Y
- 23.25%
- 3Y*
- 16.74%
- 5Y*
- 11.20%
- 10Y*
- —
XEG.TO
- 1D
- -1.90%
- 1M
- -9.94%
- YTD
- 32.35%
- 6M
- 38.20%
- 1Y
- 45.50%
- 3Y*
- 24.86%
- 5Y*
- 27.71%
- 10Y*
- 11.17%
INOC.TO vs. XEG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INOC.TO Global X Inovestor Canadian Equity Index ETF | 11.12% | 13.17% | 11.66% | 21.10% | -5.66% | 21.14% | 1.62% | 25.41% | -11.41% | 2.70% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 32.35% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -2.97% |
Correlation
The correlation between INOC.TO and XEG.TO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2017 | 0.27 |
The correlation between INOC.TO and XEG.TO shifts across timeframes, from -0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INOC.TO vs. XEG.TO — Risk / Return Rank
INOC.TO
XEG.TO
INOC.TO vs. XEG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Inovestor Canadian Equity Index ETF (INOC.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INOC.TO | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 3.82 | -1.28 |
| Martin ratioReturn relative to average drawdown | 8.68 | 11.35 | -2.67 |
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Drawdowns
INOC.TO vs. XEG.TO - Drawdown Comparison
The maximum INOC.TO drawdown since its inception was -39.65%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for INOC.TO and XEG.TO.
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Drawdown Indicators
| INOC.TO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -87.51% | +47.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -11.98% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -25.67% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -28.42% | +9.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.98% | +11.98% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -34.55% | +30.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 4.02% | -1.34% |
Volatility
INOC.TO vs. XEG.TO - Volatility Comparison
The current volatility for Global X Inovestor Canadian Equity Index ETF (INOC.TO) is 3.12%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.15%. This indicates that INOC.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INOC.TO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 9.15% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 19.95% | -11.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.86% | 23.36% | -11.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 28.75% | -15.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 33.42% | -17.90% |
INOC.TO vs. XEG.TO - Expense Ratio Comparison
INOC.TO has a 0.76% expense ratio, which is higher than XEG.TO's 0.60% expense ratio.
Dividends
INOC.TO vs. XEG.TO - Dividend Comparison
INOC.TO's dividend yield for the trailing twelve months is around 1.16%, less than XEG.TO's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INOC.TO Global X Inovestor Canadian Equity Index ETF | 1.16% | 1.66% | 1.61% | 2.04% | 1.82% | 1.81% | 2.03% | 1.89% | 2.06% | 0.00% | 0.00% | 0.00% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.89% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
INOC.TO and XEG.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEG.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.60% expense ratio, compared with 0.76% for INOC.TO.
INOC.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. INOC.TO tracks Nasdaq Inovestor Canada Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.76% for INOC.TO and 0.60% for XEG.TO.
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