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XCBG.TO vs. XEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCBG.TO vs. XEQT.TO

Last updated Jun 5, 2026

XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XCBG.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XCBG.TO is passively managed, while XEQT.TO is actively managed. Over the past 3 years, XCBG.TO returned 5.98%/yr vs 22.22%/yr for XEQT.TO. At a 0.16 correlation, their price movements are largely independent. XCBG.TO charges 0.17%/yr vs 0.20%/yr for XEQT.TO.

Performance

XCBG.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and iShares Core Equity ETF Portfolio (XEQT.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, XCBG.TO achieves a 1.62% return, which is significantly lower than XEQT.TO's 13.22% return.

XCBG.TO

1D
0.03%
1M
1.30%
YTD
1.62%
6M
1.55%
1Y
3.78%
3Y*
5.98%
5Y*
—
10Y*
—

XEQT.TO

1D
0.83%
1M
6.02%
YTD
13.22%
6M
11.68%
1Y
30.42%
3Y*
22.22%
5Y*
13.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCBG.TO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		1.62%4.21%6.79%7.45%-7.40%-1.10%
XEQT.TO
iShares Core Equity ETF Portfolio		13.22%19.47%24.36%17.25%-11.01%4.76%

Correlation

The correlation between XCBG.TO and XEQT.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

0.20

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2021

0.16

Over the past year, XCBG.TO and XEQT.TO have become more correlated (0.36) than their long-term average of 0.16, meaning their price movements have been converging.

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iShares ESG Advanced Canadian Corporate Bond Index ETF

iShares Core Equity ETF Portfolio

Often compared with XCBG.TO:
XCBG.TO vs. XCB.TOXCBG.TO vs. XHB.TOXCBG.TO vs. ZMMK.TOXCBG.TO vs. XSTH.TOXCBG.TO vs. GEQT.TOXCBG.TO vs. XSHG.TOXCBG.TO vs. ZAG.TO
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

XCBG.TO vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCBG.TO
XCBG.TO Risk / Return Rank: 3737
Overall Rank
XCBG.TO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XCBG.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
XCBG.TO Omega Ratio Rank: 3737
Omega Ratio Rank
XCBG.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XCBG.TO Martin Ratio Rank: 3838
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 8080
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8282
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.

XCBG.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.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.

XCBG.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.28
2.62

-1.34

Sortino ratioReturn per unit of downside risk
1.84
3.61

-1.77

Omega ratioGain probability vs. loss probability

1.24

1.48

-0.24

Calmar ratioReturn relative to maximum drawdown

1.87

3.70

-1.84

Martin ratioReturn relative to average drawdown

5.82

16.13

-10.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCBG.TO vs. XEQT.TO - Sharpe Ratio Comparison

The current XCBG.TO Sharpe Ratio is 1.28, which is lower than the XEQT.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XCBG.TO and XEQT.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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Sharpe Ratios by Period

XCBG.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.28

2.62

-1.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.07

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.96

-0.43

Drawdowns

XCBG.TO vs. XEQT.TO - Drawdown Comparison

The maximum XCBG.TO drawdown since its inception was -12.14%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XCBG.TO and XEQT.TO.

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Drawdown Indicators

XCBG.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.14%

-29.74%

+17.60%

Max Drawdown (1Y)

Largest decline over 1 year

-2.03%

-8.25%

+6.22%

Max Drawdown (3Y)

Largest decline over 3 years

-2.26%

-15.08%

+12.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.56%

—

Current Drawdown

Current decline from peak

-0.05%

0.00%

-0.05%

Average Drawdown

Average peak-to-trough decline

-3.53%

-4.11%

+0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.65%

1.89%

-1.24%

Volatility

XCBG.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) is 1.07%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XCBG.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

XCBG.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.07%

3.70%

-2.63%

Volatility (6M)

Calculated over the trailing 6-month period

2.37%

9.41%

-7.04%

Volatility (1Y)

Calculated over the trailing 1-year period

2.95%

11.65%

-8.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.21%

13.13%

-8.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.21%

15.56%

-11.35%

XCBG.TO vs. XEQT.TO - Expense Ratio Comparison

XCBG.TO has a 0.17% 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

XCBG.TO vs. XEQT.TO - Dividend Comparison

XCBG.TO's dividend yield for the trailing twelve months is around 3.93%, more than XEQT.TO's 1.47% yield.

PositionTTM2025202420232022202120202019
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		3.93%3.84%3.61%3.19%2.99%0.87%0.00%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.47%1.66%2.01%2.07%2.12%1.64%1.66%1.19%

Frequently Asked Questions

XCBG.TO and XEQT.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, XCBG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCBG.TO is cheaper with a 0.17% expense ratio, compared with 0.20% for XEQT.TO.

XCBG.TO is categorized as Corporate Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.17% for XCBG.TO and 0.20% for XEQT.TO.

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