XEF-U.TO vs. GEQT.TO
XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) and GEQT.TO (iShares ESG Equity ETF Portfolio) are both Global Equities funds from iShares. XEF-U.TO is passively managed, while GEQT.TO is actively managed. Over the past 5 years, XEF-U.TO returned 8.67%/yr vs 11.43%/yr for GEQT.TO. At a 0.36 correlation, their price movements are largely independent. XEF-U.TO charges 0.21%/yr vs 0.25%/yr for GEQT.TO.
Performance
XEF-U.TO vs. GEQT.TO - Performance Comparison
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Different Trading Currencies
XEF-U.TO is traded in USD, while GEQT.TO is traded in CAD. To make them comparable, the GEQT.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEF-U.TO achieves a 9.71% return, which is significantly lower than GEQT.TO's 14.05% return.
XEF-U.TO
- 1D
- 0.58%
- 1M
- 0.04%
- YTD
- 9.71%
- 6M
- 9.26%
- 1Y
- 19.86%
- 3Y*
- 16.27%
- 5Y*
- 8.67%
- 10Y*
- 6.52%
GEQT.TO
- 1D
- 1.01%
- 1M
- 1.56%
- YTD
- 14.05%
- 6M
- 13.29%
- 1Y
- 24.42%
- 3Y*
- 20.82%
- 5Y*
- 11.43%
- 10Y*
- —
XEF-U.TO vs. GEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 9.71% | 31.70% | 3.03% | 16.71% | -14.95% | 11.35% | 13.01% |
GEQT.TO iShares ESG Equity ETF Portfolio | 14.05% | 23.49% | 15.63% | 25.34% | -20.25% | 22.05% | 9.69% |
Correlation
The correlation between XEF-U.TO and GEQT.TO is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.36 |
Over the past year, XEF-U.TO and GEQT.TO have become more correlated (0.66) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
XEF-U.TO vs. GEQT.TO — Risk / Return Rank
XEF-U.TO
GEQT.TO
XEF-U.TO vs. GEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) and iShares ESG Equity ETF Portfolio (GEQT.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.
| XEF-U.TO | GEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.32 | -0.58 |
| Martin ratioReturn relative to average drawdown | 6.64 | 9.86 | -3.22 |
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Drawdowns
XEF-U.TO vs. GEQT.TO - Drawdown Comparison
The maximum XEF-U.TO drawdown since its inception was -46.92%, which is greater than GEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for XEF-U.TO and GEQT.TO.
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Drawdown Indicators
| XEF-U.TO | GEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.92% | -30.45% | -16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -10.59% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -18.97% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -30.45% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -46.92% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.27% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -6.84% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.48% | +0.53% |
Volatility
XEF-U.TO vs. GEQT.TO - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) is 4.99%, while iShares ESG Equity ETF Portfolio (GEQT.TO) has a volatility of 5.81%. This indicates that XEF-U.TO experiences smaller price fluctuations and is considered to be less risky than GEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEF-U.TO | GEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 5.81% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 12.67% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 15.35% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 18.94% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 18.62% | -1.17% |
XEF-U.TO vs. GEQT.TO - Expense Ratio Comparison
XEF-U.TO has a 0.21% expense ratio, which is lower than GEQT.TO's 0.25% 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
XEF-U.TO vs. GEQT.TO - Dividend Comparison
XEF-U.TO's dividend yield for the trailing twelve months is around 2.36%, more than GEQT.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEQT.TO iShares ESG Equity ETF Portfolio | 1.12% | 1.26% | 1.38% | 1.58% | 1.82% | 1.32% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 2.36% | 2.44% | 2.85% | 2.76% | 2.98% | 2.43% | 1.86% | 2.72% | 2.07% | 1.62% | 1.84% | 1.86% |
Frequently Asked Questions
XEF-U.TO and GEQT.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF-U.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF-U.TO is cheaper with a 0.21% expense ratio, compared with 0.25% for GEQT.TO.
Their fees differ too: 0.21% for XEF-U.TO and 0.25% for GEQT.TO.
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