TPU.TO vs. XEQT.TO
TPU.TO (TD U.S. Equity Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - TPU.TO is a Large Cap Blend Equities fund tracking the Solactive US Large Cap CAD Index, while XEQT.TO is a Global Equities fund actively managed by iShares. TPU.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, TPU.TO returned 16.57%/yr vs 13.72%/yr for XEQT.TO. Their correlation of 0.87 suggests significant overlap in exposure. TPU.TO charges 0.06%/yr vs 0.20%/yr for XEQT.TO.
Performance
TPU.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 TPU.TO having a 12.48% return and XEQT.TO slightly lower at 12.29%.
TPU.TO
- 1D
- -0.27%
- 1M
- 7.38%
- YTD
- 12.48%
- 6M
- 10.60%
- 1Y
- 29.73%
- 3Y*
- 23.84%
- 5Y*
- 16.57%
- 10Y*
- 16.10%
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
TPU.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TPU.TO TD U.S. Equity Index ETF | 12.48% | 12.69% | 34.82% | 24.24% | -14.31% | 26.02% | 18.73% | 11.09% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.29% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between TPU.TO and XEQT.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.87 |
The correlation between TPU.TO and XEQT.TO has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
TPU.TO vs. XEQT.TO - Sectors Allocation Comparison
Sectors
TPU.TO
XEQT.TO
Technology
Communication Services
Financial Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Basic Materials
Real Estate
Technology
TPU.TO
XEQT.TO
Communication Services
TPU.TO
XEQT.TO
Financial Services
TPU.TO
XEQT.TO
Consumer Cyclical
TPU.TO
XEQT.TO
Healthcare
TPU.TO
XEQT.TO
Industrials
TPU.TO
XEQT.TO
Consumer Defensive
TPU.TO
XEQT.TO
Energy
TPU.TO
XEQT.TO
Utilities
TPU.TO
XEQT.TO
Basic Materials
TPU.TO
XEQT.TO
Real Estate
TPU.TO
XEQT.TO
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Return for Risk
TPU.TO vs. XEQT.TO — Risk / Return Rank
TPU.TO
XEQT.TO
TPU.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity Index ETF (TPU.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.
| TPU.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.56 | -0.12 |
| Martin ratioReturn relative to average drawdown | 12.86 | 15.50 | -2.64 |
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
| TPU.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.53 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.05 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.95 | +0.02 |
Drawdowns
TPU.TO vs. XEQT.TO - Drawdown Comparison
The maximum TPU.TO drawdown since its inception was -27.96%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for TPU.TO and XEQT.TO.
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Drawdown Indicators
| TPU.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.96% | -29.74% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -8.25% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -15.08% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -19.56% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -27.96% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.56% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -4.11% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.89% | +0.43% |
Volatility
TPU.TO vs. XEQT.TO - Volatility Comparison
The current volatility for TD U.S. Equity Index ETF (TPU.TO) is 3.23%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that TPU.TO experiences smaller price fluctuations and is considered to be less risky 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
| TPU.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 3.70% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 9.38% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 11.63% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 13.12% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 15.56% | +1.04% |
TPU.TO vs. XEQT.TO - Expense Ratio Comparison
TPU.TO has a 0.06% expense ratio, which is lower than XEQT.TO's 0.20% 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
TPU.TO vs. XEQT.TO - Dividend Comparison
TPU.TO's dividend yield for the trailing twelve months is around 0.85%, less than XEQT.TO's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TPU.TO TD U.S. Equity Index ETF | 0.85% | 0.96% | 0.90% | 1.22% | 1.34% | 0.99% | 1.23% | 1.23% | 1.57% | 1.59% | 1.33% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TPU.TO and XEQT.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPU.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPU.TO is cheaper with a 0.06% expense ratio, compared with 0.20% for XEQT.TO.
TPU.TO is categorized as Large Cap Blend Equities, while XEQT.TO is Global Equities. They also come from different issuers: TD and iShares. Their fees differ too: 0.06% for TPU.TO and 0.20% for XEQT.TO.
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