TA.TO vs. XEQT.TO
TA.TO (TransAlta Corporation) is a stock, while XEQT.TO (iShares Core Equity ETF Portfolio) is Global Equities fund actively managed by iShares. Over the past 5 years, TA.TO returned 11.41%/yr vs 13.42%/yr for XEQT.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
TA.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TA.TO having a 14.36% return and XEQT.TO slightly lower at 13.83%.
TA.TO
- 1D
- 2.02%
- 1M
- 0.97%
- 6M
- 11.22%
- YTD
- 14.36%
- 1Y
- 19.28%
- 3Y*
- 15.67%
- 5Y*
- 11.41%
- 10Y*
- 14.57%
- ALL TIME*
- 2.65%
XEQT.TO
- 1D
- 1.33%
- 1M
- -0.38%
- 6M
- 11.40%
- YTD
- 13.83%
- 1Y
- 27.00%
- 3Y*
- 21.33%
- 5Y*
- 13.42%
- 10Y*
- —
- ALL TIME*
- 14.61%
TA.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TA.TO TransAlta Corporation | 14.36% | -13.24% | 88.48% | -7.32% | -12.42% | 47.57% | 6.22% | 11.62% |
XEQT.TO iShares Core Equity ETF Portfolio | 13.83% | 20.57% | 24.38% | 17.27% | -10.99% | 18.98% | 11.85% | 8.56% |
Correlation
The correlation between TA.TO and XEQT.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019 | 0.30 |
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Return for Risk
TA.TO vs. XEQT.TO — Risk / Return Rank
TA.TO
XEQT.TO
TA.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TransAlta Corporation (TA.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.
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.
| TA.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.40 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 3.29 | -2.72 |
| Martin ratioReturn relative to average drawdown | 0.90 | 13.91 | -13.02 |
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Drawdowns
TA.TO vs. XEQT.TO - Drawdown Comparison
The maximum TA.TO drawdown since its inception was -83.87%, 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 TA.TO and XEQT.TO.
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Drawdown Indicators
| TA.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.87% | -29.74% | -54.13% |
Max Drawdown (1Y)Largest decline over 1 year | -34.12% | -8.25% | -25.87% |
Max Drawdown (3Y)Largest decline over 3 years | -44.20% | -15.08% | -29.12% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -19.55% | -24.65% |
Max Drawdown (10Y)Largest decline over 10 years | -50.60% | — | — |
Current DrawdownCurrent decline from peak | -19.66% | -1.25% | -18.41% |
Average DrawdownAverage peak-to-trough decline | -43.31% | -4.04% | -39.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.53% | 1.95% | +19.58% |
Volatility
TA.TO vs. XEQT.TO - Volatility Comparison
TransAlta Corporation (TA.TO) has a higher volatility of 8.92% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 2.90%. This indicates that TA.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.
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Volatility by Period
| TA.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 2.90% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 28.72% | 10.10% | +18.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.19% | 12.34% | +25.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.80% | 13.26% | +19.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.19% | 15.51% | +16.68% |
Dividends
TA.TO vs. XEQT.TO - Dividend Comparison
TA.TO's dividend yield for the trailing twelve months is around 1.34%, less than XEQT.TO's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TA.TO TransAlta Corporation | 1.34% | 1.47% | 1.18% | 2.00% | 1.69% | 1.32% | 1.77% | 1.72% | 2.86% | 2.15% | 2.15% | 14.66% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.60% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TA.TO and XEQT.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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