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SPYX vs. GEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYX vs. GEQT.TO

Last updated Jun 14, 2026

SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) and GEQT.TO (iShares ESG Equity ETF Portfolio) are both exchange-traded funds - SPYX is a S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index, while GEQT.TO is a Global Equities fund actively managed by iShares. SPYX is passively managed, while GEQT.TO is actively managed. Over the past 5 years, SPYX returned 12.96%/yr vs 10.99%/yr for GEQT.TO. A 0.57 correlation means they provide meaningful diversification when combined. SPYX charges 0.20%/yr vs 0.25%/yr for GEQT.TO.

Performance

SPYX vs. GEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and iShares ESG Equity ETF Portfolio (GEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPYX is traded in USD, while GEQT.TO is traded in CAD. To make them comparable, the GEQT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYX achieves a 8.26% return, which is significantly lower than GEQT.TO's 12.02% return.

SPYX

1D
0.53%
1M
-0.85%
YTD
8.26%
6M
8.62%
1Y
24.90%
3Y*
20.78%
5Y*
12.96%
10Y*
15.50%

GEQT.TO

1D
0.54%
1M
1.40%
YTD
12.02%
6M
10.91%
1Y
26.61%
3Y*
20.49%
5Y*
10.99%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYX vs. GEQT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SPYX
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF		8.26%17.87%25.46%26.38%-19.59%28.06%6.96%
GEQT.TO
iShares ESG Equity ETF Portfolio		12.02%23.49%15.63%25.34%-20.25%22.05%9.69%

Correlation

The correlation between SPYX and GEQT.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.76

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

0.63

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

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2020

0.57

The correlation between SPYX and GEQT.TO shifts across timeframes, from 0.57 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

SPYX vs. GEQT.TO - Sectors Allocation Comparison

Sectors
SPYX
GEQT.TO

Technology

39.7%
34.2%

Financial Services

11.4%
29.0%

Communication Services

10.9%
2.8%

Consumer Cyclical

10.1%
5.0%

Healthcare

8.5%
4.9%

Industrials

7.9%
8.6%

Consumer Defensive

4.6%
2.7%

Utilities

2.2%
1.0%

Real Estate

1.9%
2.9%

Basic Materials

1.7%
7.0%

Energy

1.1%
0.1%

Technology

SPYX
39.7%
GEQT.TO
34.2%

Financial Services

SPYX
11.4%
GEQT.TO
29.0%

Communication Services

SPYX
10.9%
GEQT.TO
2.8%

Consumer Cyclical

SPYX
10.1%
GEQT.TO
5.0%

Healthcare

SPYX
8.5%
GEQT.TO
4.9%

Industrials

SPYX
7.9%
GEQT.TO
8.6%

Consumer Defensive

SPYX
4.6%
GEQT.TO
2.7%

Utilities

SPYX
2.2%
GEQT.TO
1.0%

Real Estate

SPYX
1.9%
GEQT.TO
2.9%

Basic Materials

SPYX
1.7%
GEQT.TO
7.0%

Energy

SPYX
1.1%
GEQT.TO
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

iShares ESG Equity ETF Portfolio

Often compared with SPYX:
SPYX vs. SPYSPYX vs. EFIVSPYX vs. QQQSPYX vs. EFAXSPYX vs. SPYGSPYX vs. USXFSPYX vs. SCHD
Often compared with GEQT.TO:
GEQT.TO vs. XEQT.TOGEQT.TO vs. GGRO.TOGEQT.TO vs. ZAG.TOGEQT.TO vs. GBAL.TOGEQT.TO vs. XEN.TOGEQT.TO vs. XBAL.TOGEQT.TO vs. VT

Return for Risk

SPYX vs. GEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYX
SPYX Risk / Return Rank: 6363
Overall Rank
SPYX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SPYX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SPYX Omega Ratio Rank: 6666
Omega Ratio Rank
SPYX Calmar Ratio Rank: 5454
Calmar Ratio Rank
SPYX Martin Ratio Rank: 6767
Martin Ratio Rank
GEQT.TO
GEQT.TO Risk / Return Rank: 7070
Overall Rank
GEQT.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
GEQT.TO Sortino Ratio Rank: 6969
Sortino Ratio Rank
GEQT.TO Omega Ratio Rank: 6969
Omega Ratio Rank
GEQT.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
GEQT.TO Martin Ratio Rank: 7575
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.

SPYX vs. GEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and iShares ESG Equity ETF Portfolio (GEQT.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.

SPYXGEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.87
1.69

+0.19

Sortino ratioReturn per unit of downside risk
2.55
2.34

+0.21

Omega ratioGain probability vs. loss probability

1.34

1.31

+0.03

Calmar ratioReturn relative to maximum drawdown

2.40

2.42

-0.02

Martin ratioReturn relative to average drawdown

10.78

10.35

+0.43

SPYX vs. GEQT.TO - Sharpe Ratio Comparison

The current SPYX Sharpe Ratio is 1.87, which is comparable to the GEQT.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SPYX and GEQT.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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Drawdowns

SPYX vs. GEQT.TO - Drawdown Comparison

The maximum SPYX drawdown since its inception was -32.84%, which is greater than GEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for SPYX and GEQT.TO.

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Drawdown Indicators

SPYXGEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.84%

-30.45%

-2.39%

Max Drawdown (1Y)

Largest decline over 1 year

-9.84%

-10.59%

+0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-18.74%

-18.97%

+0.23%

Max Drawdown (5Y)

Largest decline over 5 years

-26.14%

-30.45%

+4.31%

Max Drawdown (10Y)

Largest decline over 10 years

-32.84%

—

—

Current Drawdown

Current decline from peak

-2.38%

-1.70%

-0.68%

Average Drawdown

Average peak-to-trough decline

-4.53%

-6.88%

+2.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

2.47%

-0.28%

Volatility

SPYX vs. GEQT.TO - Volatility Comparison

The current volatility for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is 4.52%, while iShares ESG Equity ETF Portfolio (GEQT.TO) has a volatility of 5.82%. This indicates that SPYX experiences smaller price fluctuations and is considered to be less risky than GEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPYXGEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.52%

5.82%

-1.30%

Volatility (6M)

Calculated over the trailing 6-month period

9.92%

12.72%

-2.80%

Volatility (1Y)

Calculated over the trailing 1-year period

12.61%

15.19%

-2.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

18.89%

-1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.04%

18.64%

-0.60%

SPYX vs. GEQT.TO - Expense Ratio Comparison

SPYX has a 0.20% expense ratio, which is lower than GEQT.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPYX vs. GEQT.TO - Dividend Comparison

SPYX's dividend yield for the trailing twelve months is around 0.86%, less than GEQT.TO's 1.11% yield.

PositionTTM20252024202320222021202020192018201720162015
GEQT.TO
iShares ESG Equity ETF Portfolio		1.11%1.26%1.38%1.58%1.82%1.32%0.87%0.00%0.00%0.00%0.00%0.00%
SPYX
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF		0.86%0.91%1.05%1.21%1.41%1.04%1.33%1.56%1.92%1.68%1.91%0.16%

Frequently Asked Questions

SPYX and GEQT.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPYX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPYX is cheaper with a 0.20% expense ratio, compared with 0.25% for GEQT.TO.

SPYX is categorized as S&P 500, while GEQT.TO is Global Equities. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SPYX and 0.25% for GEQT.TO.

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