QIF.NEO vs. XGI.TO
QIF.NEO (AGF Systematic Global Infrastructure ETF) and XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) are both Industrials Equities funds. QIF.NEO is actively managed, while XGI.TO is passively managed. Over the past 5 years, QIF.NEO returned 11.27%/yr vs 12.46%/yr for XGI.TO. At a 0.26 correlation, their price movements are largely independent. QIF.NEO charges 0.45%/yr vs 0.68%/yr for XGI.TO.
Performance
QIF.NEO vs. XGI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QIF.NEO achieves a 13.73% return, which is significantly higher than XGI.TO's 12.09% return.
QIF.NEO
- 1D
- -0.49%
- 1M
- -0.40%
- 6M
- 10.78%
- YTD
- 13.73%
- 1Y
- 22.63%
- 3Y*
- 17.37%
- 5Y*
- 11.27%
- 10Y*
- —
XGI.TO
- 1D
- 0.04%
- 1M
- 0.73%
- 6M
- 6.74%
- YTD
- 12.09%
- 1Y
- 20.43%
- 3Y*
- 18.69%
- 5Y*
- 12.46%
- 10Y*
- 11.88%
QIF.NEO vs. XGI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QIF.NEO AGF Systematic Global Infrastructure ETF | 13.73% | 14.80% | 21.37% | 4.72% | -2.67% | 20.54% | -8.96% | 20.89% | 5.27% |
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 12.09% | 20.93% | 16.18% | 21.83% | -8.79% | 14.92% | 4.64% | 26.41% | -8.08% |
Correlation
The correlation between QIF.NEO and XGI.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2018 | 0.26 |
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Return for Risk
QIF.NEO vs. XGI.TO — Risk / Return Rank
QIF.NEO
XGI.TO
QIF.NEO vs. XGI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF Systematic Global Infrastructure ETF (QIF.NEO) and iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.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.
| QIF.NEO | XGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 1.75 | +3.14 |
| Martin ratioReturn relative to average drawdown | 13.28 | 6.87 | +6.41 |
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Drawdowns
QIF.NEO vs. XGI.TO - Drawdown Comparison
The maximum QIF.NEO drawdown since its inception was -30.71%, smaller than the maximum XGI.TO drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for QIF.NEO and XGI.TO.
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Drawdown Indicators
| QIF.NEO | XGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -42.61% | +11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -11.74% | +7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -10.29% | -16.14% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -24.78% | +9.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -2.34% | -4.05% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -5.75% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.98% | -1.27% |
Volatility
QIF.NEO vs. XGI.TO - Volatility Comparison
The current volatility for AGF Systematic Global Infrastructure ETF (QIF.NEO) is 2.29%, while iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) has a volatility of 5.21%. This indicates that QIF.NEO experiences smaller price fluctuations and is considered to be less risky than XGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIF.NEO | XGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 5.21% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 13.62% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 15.66% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 17.24% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 23.99% | -9.21% |
QIF.NEO vs. XGI.TO - Expense Ratio Comparison
QIF.NEO has a 0.45% expense ratio, which is lower than XGI.TO's 0.68% expense ratio.
Dividends
QIF.NEO vs. XGI.TO - Dividend Comparison
QIF.NEO's dividend yield for the trailing twelve months is around 5.14%, more than XGI.TO's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QIF.NEO AGF Systematic Global Infrastructure ETF | 5.14% | 5.32% | 4.60% | 3.61% | 3.22% | 3.05% | 3.12% | 3.16% | 2.24% | 0.00% | 0.00% | 0.00% |
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 1.24% | 1.54% | 2.69% | 1.24% | 1.34% | 0.91% | 0.96% | 1.30% | 1.88% | 1.15% | 1.39% | 1.46% |
Frequently Asked Questions
QIF.NEO and XGI.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QIF.NEO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QIF.NEO is cheaper with a 0.45% expense ratio, compared with 0.68% for XGI.TO.
They also come from different issuers: AGF and iShares. Their fees differ too: 0.45% for QIF.NEO and 0.68% for XGI.TO.
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