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XEG.TO vs. GOOGL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEG.TO vs. GOOGL

Last updated Jun 14, 2026

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) is Energy Equities fund tracking the S&P/TSX Capped Energy Index, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, XEG.TO returned 11.69%/yr vs 26.84%/yr for GOOGL. At a 0.22 correlation, their price movements are largely independent.

Performance

XEG.TO vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XEG.TO is traded in CAD, while GOOGL is traded in USD. To make them comparable, the GOOGL values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XEG.TO achieves a 38.53% return, which is significantly higher than GOOGL's 17.40% return. Over the past 10 years, XEG.TO has underperformed GOOGL with an annualized return of 11.69%, while GOOGL has yielded a comparatively higher 26.84% annualized return.

XEG.TO

1D
-0.41%
1M
-3.89%
YTD
38.53%
6M
37.54%
1Y
51.12%
3Y*
26.37%
5Y*
28.03%
10Y*
11.69%

GOOGL

1D
0.72%
1M
-7.65%
YTD
17.40%
6M
18.11%
1Y
112.22%
3Y*
45.24%
5Y*
28.11%
10Y*
26.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEG.TO vs. GOOGL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		38.53%16.72%14.04%3.55%53.25%83.71%-34.44%9.04%-27.05%-11.17%
GOOGL
Alphabet Inc. Class A		17.40%58.42%47.52%54.56%-35.23%65.21%27.75%22.89%7.54%23.93%

Correlation

The correlation between XEG.TO and GOOGL is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.10

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

0.03

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

0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.18

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.22

The correlation between XEG.TO and GOOGL shifts across timeframes, from -0.10 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

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iShares S&P/TSX Capped Energy Index ETF

Alphabet Inc. Class A

Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO
Often compared with GOOGL:
GOOGL vs. GOOGGOOGL vs. MSFTGOOGL vs. AAPLGOOGL vs. VOOGOOGL vs. SPYGOOGL vs. VGTGOOGL vs. AMZN

Return for Risk

XEG.TO vs. GOOGL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEG.TO
XEG.TO Risk / Return Rank: 8282
Overall Rank
XEG.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8383
Martin Ratio Rank
GOOGL
GOOGL Risk / Return Rank: 9696
Overall Rank
GOOGL Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
GOOGL Sortino Ratio Rank: 9898
Sortino Ratio Rank
GOOGL Omega Ratio Rank: 9696
Omega Ratio Rank
GOOGL Calmar Ratio Rank: 9393
Calmar Ratio Rank
GOOGL Martin Ratio Rank: 9595
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.

XEG.TO vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and Alphabet Inc. Class A (GOOGL). 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.

XEG.TOGOOGLDifference
Sharpe ratioReturn per unit of total volatility
2.41
3.78

-1.37

Sortino ratioReturn per unit of downside risk
2.93
5.06

-2.13

Omega ratioGain probability vs. loss probability

1.39

1.61

-0.22

Calmar ratioReturn relative to maximum drawdown

5.04

5.86

-0.82

Martin ratioReturn relative to average drawdown

14.38

19.93

-5.55

XEG.TO vs. GOOGL - Sharpe Ratio Comparison

The current XEG.TO Sharpe Ratio is 2.41, which is lower than the GOOGL Sharpe Ratio of 3.78. The chart below compares the historical Sharpe Ratios of XEG.TO and GOOGL, 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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Drawdowns

XEG.TO vs. GOOGL - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than GOOGL's maximum drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for XEG.TO and GOOGL.

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Drawdown Indicators

XEG.TOGOOGLDifference

Max Drawdown

Largest peak-to-trough decline

-87.51%

-56.06%

-31.45%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-18.86%

+7.74%

Max Drawdown (3Y)

Largest decline over 3 years

-25.67%

-31.02%

+5.35%

Max Drawdown (5Y)

Largest decline over 5 years

-28.42%

-39.63%

+11.21%

Max Drawdown (10Y)

Largest decline over 10 years

-79.66%

-39.63%

-40.03%

Current Drawdown

Current decline from peak

-7.87%

-8.82%

+0.95%

Average Drawdown

Average peak-to-trough decline

-34.55%

-11.98%

-22.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

5.54%

-1.65%

Volatility

XEG.TO vs. GOOGL - Volatility Comparison

iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.11% compared to Alphabet Inc. Class A (GOOGL) at 7.59%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEG.TOGOOGLDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.11%

7.59%

+1.52%

Volatility (6M)

Calculated over the trailing 6-month period

19.65%

20.92%

-1.27%

Volatility (1Y)

Calculated over the trailing 1-year period

23.30%

29.27%

-5.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.72%

31.92%

-3.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.40%

29.84%

+3.56%

Dividends

XEG.TO vs. GOOGL - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.76%, more than GOOGL's 0.24% yield.

PositionTTM20252024202320222021202020192018201720162015
GOOGL
Alphabet Inc. Class A		0.24%0.27%0.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.76%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Frequently Asked Questions

XEG.TO and GOOGL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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