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

XCSR.TO vs. XEQT.TO

Last updated Jun 4, 2026

XCSR.TO (iShares ESG Advanced MSCI Canada Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XCSR.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XCSR.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XCSR.TO returned 13.38%/yr vs 13.72%/yr for XEQT.TO. A 0.77 correlation means they provide meaningful diversification when combined. XCSR.TO charges 0.17%/yr vs 0.20%/yr for XEQT.TO.

Performance

XCSR.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI Canada Index ETF (XCSR.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, XCSR.TO achieves a 6.62% return, which is significantly lower than XEQT.TO's 12.29% return.

XCSR.TO

1D
-1.10%
1M
4.20%
YTD
6.62%
6M
7.53%
1Y
30.67%
3Y*
24.50%
5Y*
13.38%
10Y*
—

XEQT.TO

1D
-0.56%
1M
5.98%
YTD
12.29%
6M
11.20%
1Y
29.24%
3Y*
21.78%
5Y*
13.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		6.62%35.35%23.27%15.18%-14.41%22.30%4,511.52%
XEQT.TO
iShares Core Equity ETF Portfolio		12.29%19.47%24.36%17.25%-11.01%18.94%25.33%

Correlation

The correlation between XCSR.TO and XEQT.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Apr 23, 2020

0.77

The correlation between XCSR.TO and XEQT.TO has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

XCSR.TO vs. XEQT.TO - Sectors Allocation Comparison

Sectors
XCSR.TO
XEQT.TO

Financial Services

49.4%
20.3%

Basic Materials

17.5%
7.3%

Technology

14.2%
22.9%

Industrials

6.1%
12.1%

Consumer Defensive

5.7%
4.4%

Consumer Cyclical

3.0%
7.8%

Real Estate

1.5%
2.2%

Communication Services

1.2%
6.4%

Utilities

1.1%
2.8%

Healthcare

0.2%
6.6%

Energy

-

7.2%

Financial Services

XCSR.TO
49.4%
XEQT.TO
20.3%

Basic Materials

XCSR.TO
17.5%
XEQT.TO
7.3%

Technology

XCSR.TO
14.2%
XEQT.TO
22.9%

Industrials

XCSR.TO
6.1%
XEQT.TO
12.1%

Consumer Defensive

XCSR.TO
5.7%
XEQT.TO
4.4%

Consumer Cyclical

XCSR.TO
3.0%
XEQT.TO
7.8%

Real Estate

XCSR.TO
1.5%
XEQT.TO
2.2%

Communication Services

XCSR.TO
1.2%
XEQT.TO
6.4%

Utilities

XCSR.TO
1.1%
XEQT.TO
2.8%

Healthcare

XCSR.TO
0.2%
XEQT.TO
6.6%

Energy

XCSR.TO

-

XEQT.TO
7.2%

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iShares ESG Advanced MSCI Canada Index ETF

iShares Core Equity ETF Portfolio

Often compared with XCSR.TO:
XCSR.TO vs. XESG.TOXCSR.TO vs. XCS.TOXCSR.TO vs. XUSR.TOXCSR.TO vs. XEN.TOXCSR.TO vs. XMD.TOXCSR.TO vs. XIT.TOXCSR.TO vs. CSIQ
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCSR.TO
XCSR.TO Risk / Return Rank: 5858
Overall Rank
XCSR.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XCSR.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
XCSR.TO Omega Ratio Rank: 5959
Omega Ratio Rank
XCSR.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
XCSR.TO Martin Ratio Rank: 6161
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7575
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7878
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI Canada Index ETF (XCSR.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.

XCSR.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.04
2.53

-0.48

Sortino ratioReturn per unit of downside risk
2.76
3.49

-0.73

Omega ratioGain probability vs. loss probability

1.36

1.47

-0.10

Calmar ratioReturn relative to maximum drawdown

2.77

3.56

-0.79

Martin ratioReturn relative to average drawdown

11.03

15.50

-4.47

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

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

The current XCSR.TO Sharpe Ratio is 2.04, which is comparable to the XEQT.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XCSR.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

XCSR.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

2.53

-0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

1.05

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.95

-0.87

Drawdowns

XCSR.TO vs. XEQT.TO - Drawdown Comparison

The maximum XCSR.TO drawdown since its inception was -23.56%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XCSR.TO and XEQT.TO.

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Drawdown Indicators

XCSR.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.56%

-29.74%

+6.18%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-8.25%

-2.87%

Max Drawdown (3Y)

Largest decline over 3 years

-12.14%

-15.08%

+2.94%

Max Drawdown (5Y)

Largest decline over 5 years

-23.56%

-19.56%

-4.00%

Current Drawdown

Current decline from peak

-1.10%

-0.56%

-0.54%

Average Drawdown

Average peak-to-trough decline

-5.12%

-4.11%

-1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

1.89%

+0.90%

Volatility

XCSR.TO vs. XEQT.TO - Volatility Comparison

iShares ESG Advanced MSCI Canada Index ETF (XCSR.TO) has a higher volatility of 4.10% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 3.70%. This indicates that XCSR.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

XCSR.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

3.70%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

12.45%

9.38%

+3.07%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

11.63%

+3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.94%

13.12%

+0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1,368.32%

15.56%

+1,352.76%

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

XCSR.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

XCSR.TO vs. XEQT.TO - Dividend Comparison

XCSR.TO's dividend yield for the trailing twelve months is around 1.65%, more than XEQT.TO's 1.48% yield.

PositionTTM2025202420232022202120202019
XCSR.TO
iShares ESG Advanced MSCI Canada Index ETF		1.65%1.73%2.20%2.61%2.78%1.53%0.81%0.00%
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.01%2.07%2.12%1.64%1.66%1.19%

Frequently Asked Questions

XCSR.TO and XEQT.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

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