XBAL.TO vs. XEQT.TO
Compare and contrast key facts about iShares Core Balanced ETF Portfolio (XBAL.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
XBAL.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBAL.TO or XEQT.TO.
Key characteristics
| XBAL.TO | XEQT.TO | |
|---|---|---|
| YTD Return | 14.94% | 23.27% |
| 1Y Return | 21.45% | 30.29% |
| 3Y Return (Ann) | 4.74% | 8.44% |
| 5Y Return (Ann) | 7.32% | 11.86% |
| Sharpe Ratio | 3.34 | 3.16 |
| Sortino Ratio | 4.93 | 4.43 |
| Omega Ratio | 1.65 | 1.59 |
| Calmar Ratio | 3.43 | 4.58 |
| Martin Ratio | 27.09 | 23.79 |
| Ulcer Index | 0.80% | 1.28% |
| Daily Std Dev | 6.47% | 9.61% |
| Max Drawdown | -28.78% | -29.74% |
| Current Drawdown | -0.46% | -0.50% |
Correlation
The correlation between XBAL.TO and XEQT.TO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XBAL.TO vs. XEQT.TO - Performance Comparison
In the year-to-date period, XBAL.TO achieves a 14.94% return, which is significantly lower than XEQT.TO's 23.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBAL.TO vs. XEQT.TO - Expense Ratio Comparison
Both XBAL.TO and XEQT.TO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XBAL.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.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.
Dividends
XBAL.TO vs. XEQT.TO - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.40%, more than XEQT.TO's 1.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 2.40% | 2.43% | 2.12% | 1.77% | 2.02% | 2.30% | 3.44% | 2.97% | 3.69% | 3.34% | 6.60% | 2.81% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.81% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XBAL.TO vs. XEQT.TO - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.78%, roughly equal to the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
XBAL.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares Core Balanced ETF Portfolio (XBAL.TO) is 2.36%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.01%. This indicates that XBAL.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.