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

VVO.TO vs. GEQT.TO

Last updated Jul 1, 2026
See Documentation

VVO.TO (Vanguard Global Minimum Volatility ETF) and GEQT.TO (iShares ESG Equity ETF Portfolio) are both Global Equities funds. VVO.TO is passively managed, while GEQT.TO is actively managed. Over the past 5 years, VVO.TO returned 6.69%/yr vs 14.52%/yr for GEQT.TO. At a 0.40 correlation, their price movements are largely independent. VVO.TO charges 0.39%/yr vs 0.25%/yr for GEQT.TO.

Performance

VVO.TO vs. GEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Minimum Volatility ETF (VVO.TO) and iShares ESG Equity ETF Portfolio (GEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VVO.TO achieves a 7.32% return, which is significantly lower than GEQT.TO's 18.33% return.

VVO.TO

1D
0.14%
1M
0.81%
YTD
7.32%
6M
6.89%
1Y
10.61%
3Y*
11.55%
5Y*
6.69%
10Y*
7.27%

GEQT.TO

1D
1.15%
1M
4.70%
YTD
18.33%
6M
17.61%
1Y
29.22%
3Y*
23.67%
5Y*
14.52%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVO.TO vs. GEQT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
VVO.TO
Vanguard Global Minimum Volatility ETF		7.32%9.74%13.56%4.87%-5.18%10.43%4.27%
GEQT.TO
iShares ESG Equity ETF Portfolio		18.33%17.86%25.42%22.35%-15.19%21.99%7.15%

Correlation

The correlation between VVO.TO and GEQT.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.36

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

0.39

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

0.40

VVO.TO vs. GEQT.TO - Sectors Allocation Comparison

Sectors
VVO.TO
GEQT.TO

Technology

19.8%
44.5%

Healthcare

13.0%
2.3%

Financial Services

12.4%
33.4%

Communication Services

11.5%
1.8%

Industrials

10.5%
5.1%

Consumer Defensive

9.6%
2.0%

Utilities

7.4%
1.1%

Consumer Cyclical

6.6%
2.7%

Energy

5.3%
0.0%

Real Estate

3.5%
1.1%

Basic Materials

0.5%
5.5%

Technology

VVO.TO
19.8%
GEQT.TO
44.5%

Healthcare

VVO.TO
13.0%
GEQT.TO
2.3%

Financial Services

VVO.TO
12.4%
GEQT.TO
33.4%

Communication Services

VVO.TO
11.5%
GEQT.TO
1.8%

Industrials

VVO.TO
10.5%
GEQT.TO
5.1%

Consumer Defensive

VVO.TO
9.6%
GEQT.TO
2.0%

Utilities

VVO.TO
7.4%
GEQT.TO
1.1%

Consumer Cyclical

VVO.TO
6.6%
GEQT.TO
2.7%

Energy

VVO.TO
5.3%
GEQT.TO
0.0%

Real Estate

VVO.TO
3.5%
GEQT.TO
1.1%

Basic Materials

VVO.TO
0.5%
GEQT.TO
5.5%

Compare stocks, funds, or ETFs

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

Vanguard Global Minimum Volatility ETF

iShares ESG Equity ETF Portfolio

Often compared with VVO.TO:
VVO.TO vs. CAGE.TOVVO.TO vs. XEQT.TOVVO.TO vs. TILV.TOVVO.TO vs. FLVI.NEOVVO.TO vs. FGEP.TOVVO.TO vs. VVL.TOVVO.TO vs. VMO.TO
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

VVO.TO vs. GEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVO.TO
VVO.TO Risk / Return Rank: 4343
Overall Rank
VVO.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
VVO.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
VVO.TO Omega Ratio Rank: 4646
Omega Ratio Rank
VVO.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
VVO.TO Martin Ratio Rank: 4343
Martin Ratio Rank
GEQT.TO
GEQT.TO Risk / Return Rank: 7474
Overall Rank
GEQT.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
GEQT.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
GEQT.TO Omega Ratio Rank: 7272
Omega Ratio Rank
GEQT.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
GEQT.TO Martin Ratio Rank: 7979
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility ETF (VVO.TO) 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.

VVO.TOGEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.39
2.01

-0.62

Sortino ratioReturn per unit of downside risk
2.01
2.77

-0.76

Omega ratioGain probability vs. loss probability

1.26

1.36

-0.10

Calmar ratioReturn relative to maximum drawdown

1.65

3.16

-1.51

Martin ratioReturn relative to average drawdown

6.07

12.85

-6.78

VVO.TO vs. GEQT.TO - Sharpe Ratio Comparison

The current VVO.TO Sharpe Ratio is 1.39, which is lower than the GEQT.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of VVO.TO 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

VVO.TO vs. GEQT.TO - Drawdown Comparison

The maximum VVO.TO drawdown since its inception was -33.20%, which is greater than GEQT.TO's maximum drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for VVO.TO and GEQT.TO.

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Drawdown Indicators

VVO.TOGEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.20%

-23.66%

-9.54%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-9.29%

+2.82%

Max Drawdown (3Y)

Largest decline over 3 years

-6.98%

-18.02%

+11.04%

Max Drawdown (5Y)

Largest decline over 5 years

-14.37%

-23.66%

+9.29%

Max Drawdown (10Y)

Largest decline over 10 years

-33.20%

—

—

Current Drawdown

Current decline from peak

-0.26%

0.00%

-0.26%

Average Drawdown

Average peak-to-trough decline

-3.44%

-5.06%

+1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

2.28%

-0.53%

Volatility

VVO.TO vs. GEQT.TO - Volatility Comparison

The current volatility for Vanguard Global Minimum Volatility ETF (VVO.TO) is 2.07%, while iShares ESG Equity ETF Portfolio (GEQT.TO) has a volatility of 5.93%. This indicates that VVO.TO 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

VVO.TOGEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.07%

5.93%

-3.86%

Volatility (6M)

Calculated over the trailing 6-month period

6.02%

12.28%

-6.26%

Volatility (1Y)

Calculated over the trailing 1-year period

7.71%

14.61%

-6.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.82%

17.66%

-7.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.02%

17.35%

-5.33%

VVO.TO vs. GEQT.TO - Expense Ratio Comparison

VVO.TO has a 0.39% expense ratio, which is higher than GEQT.TO's 0.25% expense ratio.

Dividends

VVO.TO vs. GEQT.TO - Dividend Comparison

VVO.TO's dividend yield for the trailing twelve months is around 1.99%, more than GEQT.TO's 1.12% yield.

PositionTTM2025202420232022202120202019201820172016
GEQT.TO
iShares ESG Equity ETF Portfolio		1.12%1.26%1.38%1.58%1.82%1.32%0.87%0.00%0.00%0.00%0.00%
VVO.TO
Vanguard Global Minimum Volatility ETF		1.99%2.13%2.05%2.68%1.56%2.30%2.23%2.22%1.87%2.07%0.71%

Frequently Asked Questions

VVO.TO and GEQT.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GEQT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GEQT.TO is cheaper with a 0.25% expense ratio, compared with 0.39% for VVO.TO.

They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.39% for VVO.TO and 0.25% for GEQT.TO.

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