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

XEG.TO vs. ITA

Last updated Jun 16, 2026

XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and ITA (iShares U.S. Aerospace & Defense ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. Over the past 10 years, XEG.TO returned 11.38%/yr vs 16.45%/yr for ITA. At a 0.36 correlation, their price movements are largely independent. XEG.TO charges 0.60%/yr vs 0.38%/yr for ITA.

Performance

XEG.TO vs. ITA - 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 iShares U.S. Aerospace & Defense ETF (ITA). 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 ITA is traded in USD. To make them comparable, the ITA 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 34.92% return, which is significantly higher than ITA's 12.90% return. Over the past 10 years, XEG.TO has underperformed ITA with an annualized return of 11.38%, while ITA has yielded a comparatively higher 16.45% annualized return.

XEG.TO

1D
-2.61%
1M
-8.19%
YTD
34.92%
6M
35.69%
1Y
47.18%
3Y*
25.66%
5Y*
27.13%
10Y*
11.38%

ITA

1D
1.55%
1M
11.25%
YTD
12.90%
6M
15.01%
1Y
36.10%
3Y*
30.29%
5Y*
20.65%
10Y*
16.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEG.TO vs. ITA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		34.92%16.72%14.04%3.55%53.25%83.71%-34.44%9.04%-27.05%-11.17%
ITA
iShares U.S. Aerospace & Defense ETF		12.90%41.86%25.62%11.61%16.93%9.34%-15.62%25.13%0.58%26.09%

Correlation

The correlation between XEG.TO and ITA is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.06

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

0.13

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

0.27

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

0.34

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2006

0.36

The correlation between XEG.TO and ITA shifts across timeframes, from -0.06 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

XEG.TO vs. ITA - Sectors Allocation Comparison

Sectors
XEG.TO
ITA

Energy

100.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

99.8%

Real Estate

-

-

Technology

-

0.1%

Utilities

-

-

Energy

XEG.TO
100.0%
ITA

-

Basic Materials

XEG.TO

-

ITA

-

Communication Services

XEG.TO

-

ITA

-

Consumer Cyclical

XEG.TO

-

ITA

-

Consumer Defensive

XEG.TO

-

ITA

-

Financial Services

XEG.TO

-

ITA

-

Healthcare

XEG.TO

-

ITA

-

Industrials

XEG.TO

-

ITA
99.8%

Real Estate

XEG.TO

-

ITA

-

Technology

XEG.TO

-

ITA
0.1%

Utilities

XEG.TO

-

ITA

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Capped Energy Index ETF

iShares U.S. Aerospace & Defense ETF

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 ITA:
ITA vs. XARITA vs. PPAITA vs. SHLDITA vs. ARKXITA vs. VOOITA vs. FSDAXITA vs. DFEN

Return for Risk

XEG.TO vs. ITA — 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: 6969
Overall Rank
XEG.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 6161
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 7171
Martin Ratio Rank
ITA
ITA Risk / Return Rank: 4545
Overall Rank
ITA Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
ITA Sortino Ratio Rank: 4949
Sortino Ratio Rank
ITA Omega Ratio Rank: 4444
Omega Ratio Rank
ITA Calmar Ratio Rank: 4646
Calmar Ratio Rank
ITA Martin Ratio Rank: 3838
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. ITA - 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 iShares U.S. Aerospace & Defense ETF (ITA). 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.TOITADifference
Sharpe ratioReturn per unit of total volatility
2.04
1.62

+0.41

Sortino ratioReturn per unit of downside risk
2.54
2.34

+0.20

Omega ratioGain probability vs. loss probability

1.33

1.28

+0.06

Calmar ratioReturn relative to maximum drawdown

4.26

2.43

+1.83

Martin ratioReturn relative to average drawdown

11.99

6.14

+5.84

XEG.TO vs. ITA - Sharpe Ratio Comparison

The current XEG.TO Sharpe Ratio is 2.04, which is comparable to the ITA Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of XEG.TO and ITA, 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. ITA - Drawdown Comparison

The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than ITA's maximum drawdown of -47.26%. Use the drawdown chart below to compare losses from any high point for XEG.TO and ITA.

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Drawdown Indicators

XEG.TOITADifference

Max Drawdown

Largest peak-to-trough decline

-87.51%

-47.26%

-40.25%

Max Drawdown (1Y)

Largest decline over 1 year

-11.12%

-14.91%

+3.79%

Max Drawdown (3Y)

Largest decline over 3 years

-25.67%

-17.29%

-8.38%

Max Drawdown (5Y)

Largest decline over 5 years

-28.42%

-17.29%

-11.13%

Max Drawdown (10Y)

Largest decline over 10 years

-79.66%

-46.69%

-32.97%

Current Drawdown

Current decline from peak

-10.27%

-3.08%

-7.19%

Average Drawdown

Average peak-to-trough decline

-34.55%

-8.88%

-25.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.95%

5.89%

-1.94%

Volatility

XEG.TO vs. ITA - Volatility Comparison

iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and iShares U.S. Aerospace & Defense ETF (ITA) have volatilities of 9.33% and 9.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEG.TOITADifference

Volatility (1M)

Calculated over the trailing 1-month period

9.33%

9.26%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

19.83%

19.10%

+0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

23.32%

22.39%

+0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.75%

21.34%

+7.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.42%

24.04%

+9.38%

XEG.TO vs. ITA - Expense Ratio Comparison

XEG.TO has a 0.60% expense ratio, which is higher than ITA's 0.38% expense ratio.

Dividends

XEG.TO vs. ITA - Dividend Comparison

XEG.TO's dividend yield for the trailing twelve months is around 2.84%, more than ITA's 0.52% yield.

PositionTTM20252024202320222021202020192018201720162015
ITA
iShares U.S. Aerospace & Defense ETF		0.52%0.55%0.85%0.93%0.95%0.82%1.07%1.54%1.13%0.91%1.07%1.04%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.84%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 ITA have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ITA is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ITA is cheaper with a 0.38% expense ratio, compared with 0.60% for XEG.TO.

XEG.TO is categorized as Energy Equities, while ITA is Aerospace & Defense. XEG.TO tracks S&P/TSX Capped Energy Index, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. Their fees differ too: 0.60% for XEG.TO and 0.38% for ITA.

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