XBAL.TO vs. XEG.TO
XBAL.TO (iShares Core Balanced ETF Portfolio) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - XBAL.TO is a Diversified Portfolio fund actively managed by iShares, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. XBAL.TO is actively managed, while XEG.TO is passively managed. Over the past 10 years, XBAL.TO returned 7.39%/yr vs 11.04%/yr for XEG.TO. At a 0.30 correlation, their price movements are largely independent. XBAL.TO charges 0.20%/yr vs 0.60%/yr for XEG.TO.
Performance
XBAL.TO vs. XEG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBAL.TO achieves a 7.66% return, which is significantly lower than XEG.TO's 38.19% return. Over the past 10 years, XBAL.TO has underperformed XEG.TO with an annualized return of 7.39%, while XEG.TO has yielded a comparatively higher 11.04% annualized return.
XBAL.TO
- 1D
- -0.20%
- 1M
- -3.15%
- 6M
- 4.86%
- YTD
- 7.66%
- 1Y
- 14.76%
- 3Y*
- 13.46%
- 5Y*
- 7.56%
- 10Y*
- 7.39%
- ALL TIME*
- 6.58%
XEG.TO
- 1D
- 0.34%
- 1M
- 7.34%
- 6M
- 30.45%
- YTD
- 38.19%
- 1Y
- 57.58%
- 3Y*
- 24.44%
- 5Y*
- 30.86%
- 10Y*
- 11.04%
- ALL TIME*
- 4.43%
XBAL.TO vs. XEG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 7.66% | 11.90% | 15.80% | 13.05% | -11.16% | 10.16% | 10.73% | 15.34% | -2.73% | 5.55% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 38.19% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
Correlation
The correlation between XBAL.TO and XEG.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2007 | 0.30 |
The correlation between XBAL.TO and XEG.TO shifts across timeframes, from -0.11 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XBAL.TO vs. XEG.TO — Risk / Return Rank
XBAL.TO
XEG.TO
XBAL.TO vs. XEG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.
| XBAL.TO | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.51 | -1.07 |
| Martin ratioReturn relative to average drawdown | 9.35 | 10.68 | -1.33 |
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Drawdowns
XBAL.TO vs. XEG.TO - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.55%, smaller than the maximum XEG.TO drawdown of -87.51%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and XEG.TO.
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Drawdown Indicators
| XBAL.TO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -87.51% | +58.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -16.47% | +10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -25.67% | +16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | -28.42% | +11.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | -79.66% | +58.73% |
Current DrawdownCurrent decline from peak | -3.15% | -8.10% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -34.53% | +31.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 5.41% | -3.83% |
Volatility
XBAL.TO vs. XEG.TO - Volatility Comparison
The current volatility for iShares Core Balanced ETF Portfolio (XBAL.TO) is 3.28%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 7.36%. This indicates that XBAL.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAL.TO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 7.36% | -4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 19.84% | -11.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 23.99% | -14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.96% | 28.58% | -19.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.80% | 33.42% | -23.62% |
XBAL.TO vs. XEG.TO - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is lower than XEG.TO's 0.60% expense ratio.
Dividends
XBAL.TO vs. XEG.TO - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.23%, less than XEG.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 2.23% | 2.27% | 2.72% | 2.43% | 2.12% | 1.78% | 2.04% | 2.31% | 3.47% | 3.00% | 3.72% | 3.38% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.67% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
XBAL.TO and XEG.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAL.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAL.TO is cheaper with a 0.20% expense ratio, compared with 0.60% for XEG.TO.
XBAL.TO is categorized as Diversified Portfolio, while XEG.TO is Energy Equities. Their fees differ too: 0.20% for XBAL.TO and 0.60% for XEG.TO.
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