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

XCLN.TO vs. XEQT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Clean Energy Index ETF (XCLN.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

XCLN.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. XCLN.TO is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Apr 26, 2022. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

XCLN.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Clean Energy Index ETF (XCLN.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025202420232022
XCLN.TO
iShares Global Clean Energy Index ETF		9.82%37.41%-19.86%-21.98%13.22%
XEQT.TO
iShares Core Equity ETF Portfolio		0.66%19.47%24.36%17.25%-1.70%

Returns By Period

In the year-to-date period, XCLN.TO achieves a 9.82% return, which is significantly higher than XEQT.TO's 0.66% return.

XCLN.TO

1D
1.33%
1M
-0.94%
YTD
9.82%
6M
15.89%
1Y
49.92%
3Y*
-1.75%
5Y*
—
10Y*
—

XEQT.TO

1D
2.80%
1M
-4.49%
YTD
0.66%
6M
2.68%
1Y
20.05%
3Y*
18.11%
5Y*
11.80%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares Global Clean Energy Index ETF

iShares Core Equity ETF Portfolio

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Often compared with XEQT.TO:
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XCLN.TO vs. XEQT.TO - Expense Ratio Comparison

XCLN.TO has a 0.35% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

XCLN.TO
iShares Global Clean Energy Index ETF
XEQT.TO
iShares Core Equity ETF Portfolio

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCLN.TO
XCLN.TO Risk / Return Rank: 8888
Overall Rank
XCLN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XCLN.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XCLN.TO Omega Ratio Rank: 8383
Omega Ratio Rank
XCLN.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
XCLN.TO Martin Ratio Rank: 8888
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7575
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
XEQT.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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy Index ETF (XCLN.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.

XCLN.TOXEQT.TODifference

Sharpe ratio

Return per unit of total volatility

1.87

1.26

+0.61

Sortino ratio

Return per unit of downside risk

2.43

1.76

+0.67

Omega ratio

Gain probability vs. loss probability

1.33

1.27

+0.06

Calmar ratio

Return relative to maximum drawdown

4.14

1.75

+2.39

Martin ratio

Return relative to average drawdown

11.27

7.85

+3.42

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

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

The current XCLN.TO Sharpe Ratio is 1.87, which is higher than the XEQT.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of XCLN.TO and XEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XCLN.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

1.26

+0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.91

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

0.85

-0.78

Correlation

The correlation between XCLN.TO and XEQT.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XCLN.TO vs. XEQT.TO - Dividend Comparison

XCLN.TO's dividend yield for the trailing twelve months is around 1.35%, less than XEQT.TO's 1.66% yield.

TTM2025202420232022202120202019
XCLN.TO
iShares Global Clean Energy Index ETF		1.35%1.49%1.24%1.15%0.39%0.00%0.00%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.66%1.66%2.01%2.07%2.12%1.64%1.66%1.19%

Drawdowns

XCLN.TO vs. XEQT.TO - Drawdown Comparison

The maximum XCLN.TO drawdown since its inception was -49.29%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XCLN.TO and XEQT.TO.

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Drawdown Indicators

XCLN.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.29%

-29.74%

-19.55%

Max Drawdown (1Y)

Largest decline over 1 year

-12.10%

-11.78%

-0.32%

Max Drawdown (5Y)

Largest decline over 5 years

—

-19.56%

—

Current Drawdown

Current decline from peak

-16.43%

-5.08%

-11.35%

Average Drawdown

Average peak-to-trough decline

-26.43%

-4.20%

-22.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.44%

2.63%

+1.81%

Volatility

XCLN.TO vs. XEQT.TO - Volatility Comparison

iShares Global Clean Energy Index ETF (XCLN.TO) has a higher volatility of 9.84% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 6.01%. This indicates that XCLN.TO's price experiences larger fluctuations and is considered to be riskier 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

XCLN.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

9.84%

6.01%

+3.83%

Volatility (6M)

Calculated over the trailing 6-month period

21.05%

9.46%

+11.59%

Volatility (1Y)

Calculated over the trailing 1-year period

26.79%

15.98%

+10.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.20%

13.03%

+12.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.20%

15.63%

+9.57%