WSHR.NEO vs. GEQT.TO
WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) and GEQT.TO (iShares ESG Equity ETF Portfolio) are both Global Equities funds. WSHR.NEO is passively managed, while GEQT.TO is actively managed. Over the past 5 years, WSHR.NEO returned 6.68%/yr vs 14.52%/yr for GEQT.TO. A 0.53 correlation means they provide meaningful diversification when combined. WSHR.NEO charges 0.56%/yr vs 0.25%/yr for GEQT.TO.
Performance
WSHR.NEO vs. GEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, WSHR.NEO achieves a 8.42% return, which is significantly lower than GEQT.TO's 18.33% return.
WSHR.NEO
- 1D
- 0.38%
- 1M
- 3.23%
- YTD
- 8.42%
- 6M
- 7.85%
- 1Y
- 10.94%
- 3Y*
- 10.25%
- 5Y*
- 6.68%
- 10Y*
- —
GEQT.TO
- 1D
- 1.15%
- 1M
- 4.70%
- YTD
- 18.33%
- 6M
- 17.61%
- 1Y
- 29.22%
- 3Y*
- 23.67%
- 5Y*
- 14.52%
- 10Y*
- —
WSHR.NEO vs. GEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 8.42% | 5.34% | 12.31% | 11.88% | -11.31% | 15.91% |
GEQT.TO iShares ESG Equity ETF Portfolio | 18.33% | 17.86% | 25.42% | 22.35% | -15.19% | 15.65% |
Correlation
The correlation between WSHR.NEO and GEQT.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.53 |
The correlation between WSHR.NEO and GEQT.TO has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
WSHR.NEO vs. GEQT.TO — Risk / Return Rank
WSHR.NEO
GEQT.TO
WSHR.NEO vs. GEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) 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.
| WSHR.NEO | GEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.16 | -1.93 |
| Martin ratioReturn relative to average drawdown | 4.11 | 12.85 | -8.74 |
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Drawdowns
WSHR.NEO vs. GEQT.TO - Drawdown Comparison
The maximum WSHR.NEO drawdown since its inception was -21.74%, smaller than the maximum GEQT.TO drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for WSHR.NEO and GEQT.TO.
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Drawdown Indicators
| WSHR.NEO | GEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -23.66% | +1.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.96% | -9.29% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -18.02% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -23.66% | +1.92% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -5.06% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.28% | +0.40% |
Volatility
WSHR.NEO vs. GEQT.TO - Volatility Comparison
The current volatility for Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) is 2.15%, while iShares ESG Equity ETF Portfolio (GEQT.TO) has a volatility of 5.93%. This indicates that WSHR.NEO 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
| WSHR.NEO | GEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 5.93% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 12.28% | -4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 14.61% | -3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 17.66% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 17.35% | -6.29% |
WSHR.NEO vs. GEQT.TO - Expense Ratio Comparison
WSHR.NEO has a 0.56% expense ratio, which is higher than GEQT.TO's 0.25% expense ratio.
Dividends
WSHR.NEO vs. GEQT.TO - Dividend Comparison
WSHR.NEO's dividend yield for the trailing twelve months is around 1.39%, more than GEQT.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 1.12% | 1.26% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.39% | 1.34% | 1.31% | 1.34% | 1.45% | 0.44% | 0.00% |
Frequently Asked Questions
WSHR.NEO and GEQT.TO have a correlation of 0.49, 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 0.56% for WSHR.NEO.
They also come from different issuers: Mackenzie and iShares. Their fees differ too: 0.56% for WSHR.NEO and 0.25% for GEQT.TO.
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