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PXT.TO vs. XEI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PXT.TO vs. XEI.TO

Last updated Jun 4, 2026

PXT.TO (Parex Resources Inc.) is a stock, while XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) is Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. Over the past 10 years, PXT.TO returned 10.81%/yr vs 12.32%/yr for XEI.TO. At a 0.47 correlation, their price movements are largely independent.

Performance

PXT.TO vs. XEI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Parex Resources Inc. (PXT.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PXT.TO achieves a 48.13% return, which is significantly higher than XEI.TO's 22.21% return. Over the past 10 years, PXT.TO has underperformed XEI.TO with an annualized return of 10.81%, while XEI.TO has yielded a comparatively higher 12.32% annualized return.

PXT.TO

1D
-1.46%
1M
-4.84%
YTD
48.13%
6M
46.48%
1Y
106.37%
3Y*
6.67%
5Y*
11.02%
10Y*
10.81%

XEI.TO

1D
0.00%
1M
3.33%
YTD
22.21%
6M
23.56%
1Y
43.59%
3Y*
22.26%
5Y*
15.55%
10Y*
12.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PXT.TO vs. XEI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PXT.TO
Parex Resources Inc.		48.13%39.86%-35.96%31.46%-3.01%26.24%-27.45%47.71%-9.97%7.46%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		22.21%25.96%15.42%6.69%0.41%35.88%-7.53%25.44%-10.85%7.24%

Correlation

The correlation between PXT.TO and XEI.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.47

The correlation between PXT.TO and XEI.TO shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

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Parex Resources Inc.

iShares S&P/TSX Composite High Dividend Index ETF

Often compared with PXT.TO:
PXT.TO vs. PEY.TOPXT.TO vs. CVE.TOPXT.TO vs. BANK.TOPXT.TO vs. SRU-UN.TOPXT.TO vs. CVEPXT.TO vs. VOOPXT.TO vs. FRU.TO
Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

PXT.TO vs. XEI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PXT.TO
PXT.TO Risk / Return Rank: 9292
Overall Rank
PXT.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PXT.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
PXT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
PXT.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
PXT.TO Martin Ratio Rank: 9595
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PXT.TO vs. XEI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parex Resources Inc. (PXT.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.

PXT.TOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
2.79
6.08

-3.28

Sortino ratioReturn per unit of downside risk
3.23
9.07

-5.84

Omega ratioGain probability vs. loss probability

1.42

2.27

-0.85

Calmar ratioReturn relative to maximum drawdown

5.62

19.53

-13.90

Martin ratioReturn relative to average drawdown

19.41

66.28

-46.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXT.TO vs. XEI.TO - Sharpe Ratio Comparison

The current PXT.TO Sharpe Ratio is 2.79, which is lower than the XEI.TO Sharpe Ratio of 6.08. The chart below compares the historical Sharpe Ratios of PXT.TO and XEI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PXT.TOXEI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.79

6.08

-3.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

1.39

-1.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.77

-0.51

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.67

-0.34

Drawdowns

PXT.TO vs. XEI.TO - Drawdown Comparison

The maximum PXT.TO drawdown since its inception was -61.00%, which is greater than XEI.TO's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for PXT.TO and XEI.TO.

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Drawdown Indicators

PXT.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.00%

-45.51%

-15.49%

Max Drawdown (1Y)

Largest decline over 1 year

-19.02%

-2.24%

-16.78%

Max Drawdown (3Y)

Largest decline over 3 years

-58.84%

-9.92%

-48.92%

Max Drawdown (5Y)

Largest decline over 5 years

-58.84%

-17.32%

-41.52%

Max Drawdown (10Y)

Largest decline over 10 years

-61.00%

-45.51%

-15.49%

Current Drawdown

Current decline from peak

-9.33%

-0.76%

-8.57%

Average Drawdown

Average peak-to-trough decline

-23.49%

-5.05%

-18.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.50%

0.66%

+4.84%

Volatility

PXT.TO vs. XEI.TO - Volatility Comparison

Parex Resources Inc. (PXT.TO) has a higher volatility of 14.66% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that PXT.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PXT.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

14.66%

2.87%

+11.79%

Volatility (6M)

Calculated over the trailing 6-month period

30.87%

6.01%

+24.86%

Volatility (1Y)

Calculated over the trailing 1-year period

38.41%

7.21%

+31.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.08%

11.24%

+28.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

41.59%

16.01%

+25.58%

Dividends

PXT.TO vs. XEI.TO - Dividend Comparison

PXT.TO's dividend yield for the trailing twelve months is around 5.72%, more than XEI.TO's 3.56% yield.

PositionTTM20252024202320222021202020192018201720162015
PXT.TO
Parex Resources Inc.		5.72%8.35%10.49%6.01%4.42%2.31%0.00%0.00%0.00%0.00%0.00%0.00%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.56%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%

Frequently Asked Questions

PXT.TO and XEI.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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