PZW.TO vs. XEQT.TO
PZW.TO (Invesco FTSE RAFI Global Small-Mid ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both Global Equities funds. PZW.TO is passively managed, while XEQT.TO is actively managed. At a 0.33 correlation, their price movements are largely independent.
Performance
PZW.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PZW.TO achieves a 13.28% return, which is significantly higher than XEQT.TO's 10.25% return.
PZW.TO
- 1D
- 0.54%
- 1M
- 1.10%
- YTD
- 13.28%
- 6M
- 11.79%
- 1Y
- 31.67%
- 3Y*
- 19.50%
- 5Y*
- 10.19%
- 10Y*
- 11.06%
XEQT.TO
- 1D
- -2.62%
- 1M
- 1.15%
- YTD
- 10.25%
- 6M
- 9.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PZW.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF | 13.28% | 16.24% |
XEQT.TO iShares Core Equity ETF Portfolio | 10.25% | 14.62% |
Correlation
The correlation between PZW.TO and XEQT.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.33 |
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Return for Risk
PZW.TO vs. XEQT.TO — Risk / Return Rank
PZW.TO
XEQT.TO
PZW.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Global Small-Mid ETF (PZW.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.
| PZW.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | — | — |
| Martin ratioReturn relative to average drawdown | 13.35 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PZW.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 2.23 | -1.59 |
Drawdowns
PZW.TO vs. XEQT.TO - Drawdown Comparison
The maximum PZW.TO drawdown since its inception was -32.45%, which is greater than XEQT.TO's maximum drawdown of -8.25%. Use the drawdown chart below to compare losses from any high point for PZW.TO and XEQT.TO.
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Drawdown Indicators
| PZW.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -8.25% | -24.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -2.62% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -1.04% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | — | — |
Volatility
PZW.TO vs. XEQT.TO - Volatility Comparison
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Volatility by Period
| PZW.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 11.98% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 11.98% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 11.98% | +3.95% |
Dividends
PZW.TO vs. XEQT.TO - Dividend Comparison
PZW.TO's dividend yield for the trailing twelve months is around 1.72%, more than XEQT.TO's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF | 1.72% | 1.97% | 2.12% | 3.23% | 1.90% | 1.93% | 1.52% | 2.26% | 1.78% | 1.57% | 1.09% | 0.96% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.51% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PZW.TO and XEQT.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.
They also come from different issuers: Invesco and iShares.
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