SHOP.TO vs. XEQT.TO
Compare and contrast key facts about Shopify Inc. (SHOP.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHOP.TO or XEQT.TO.
Key characteristics
| SHOP.TO | XEQT.TO | |
|---|---|---|
| YTD Return | -22.81% | 11.69% |
| 1Y Return | -3.14% | 21.09% |
| 3Y Return (Ann) | -16.52% | 9.49% |
| Sharpe Ratio | -0.05 | 2.39 |
| Daily Std Dev | 50.64% | 9.18% |
| Max Drawdown | -83.47% | -29.74% |
| Current Drawdown | -62.79% | 0.00% |
Correlation
The correlation between SHOP.TO and XEQT.TO is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SHOP.TO vs. XEQT.TO - Performance Comparison
In the year-to-date period, SHOP.TO achieves a -22.81% return, which is significantly lower than XEQT.TO's 11.69% 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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Risk-Adjusted Performance
SHOP.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP.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.
Dividends
SHOP.TO vs. XEQT.TO - Dividend Comparison
SHOP.TO has not paid dividends to shareholders, while XEQT.TO's dividend yield for the trailing twelve months is around 1.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
SHOP.TO Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.89% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
SHOP.TO vs. XEQT.TO - Drawdown Comparison
The maximum SHOP.TO drawdown since its inception was -83.47%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for SHOP.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
SHOP.TO vs. XEQT.TO - Volatility Comparison
Shopify Inc. (SHOP.TO) has a higher volatility of 23.50% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 3.06%. This indicates that SHOP.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.