PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XEI.TO vs. XEG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEI.TO vs. XEG.TO

Last updated Jun 5, 2026

XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, XEI.TO returned 12.30%/yr vs 11.72%/yr for XEG.TO. A 0.72 correlation means they provide meaningful diversification when combined. XEI.TO charges 0.22%/yr vs 0.61%/yr for XEG.TO.

Performance

XEI.TO vs. XEG.TO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, XEI.TO achieves a 23.25% return, which is significantly lower than XEG.TO's 45.28% return. Both investments have delivered pretty close results over the past 10 years, with XEI.TO having a 12.30% annualized return and XEG.TO not far behind at 11.72%.

XEI.TO

1D
0.85%
1M
3.41%
YTD
23.25%
6M
23.82%
1Y
45.53%
3Y*
22.82%
5Y*
15.75%
10Y*
12.30%

XEG.TO

1D
0.65%
1M
-0.64%
YTD
45.28%
6M
40.30%
1Y
73.90%
3Y*
28.57%
5Y*
29.65%
10Y*
11.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEI.TO vs. XEG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		23.25%25.96%15.42%6.69%0.41%35.88%-7.53%25.44%-10.85%7.24%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		45.28%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%

Correlation

The correlation between XEI.TO and XEG.TO is 0.61, 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

0.61

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

0.60

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

0.68

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

0.68

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.72

The correlation between XEI.TO and XEG.TO shifts across timeframes, from 0.60 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

XEI.TO vs. XEG.TO - Sectors Allocation Comparison

Sectors
XEI.TO
XEG.TO

Energy

32.1%
100.0%

Financial Services

31.4%

-

Utilities

11.2%

-

Communication Services

7.6%

-

Consumer Cyclical

6.2%

-

Real Estate

4.8%

-

Basic Materials

4.6%

-

Technology

0.7%

-

Industrials

0.7%

-

Consumer Defensive

0.5%

-

Healthcare

0.2%

-

Energy

XEI.TO
32.1%
XEG.TO
100.0%

Financial Services

XEI.TO
31.4%
XEG.TO

-

Utilities

XEI.TO
11.2%
XEG.TO

-

Communication Services

XEI.TO
7.6%
XEG.TO

-

Consumer Cyclical

XEI.TO
6.2%
XEG.TO

-

Real Estate

XEI.TO
4.8%
XEG.TO

-

Basic Materials

XEI.TO
4.6%
XEG.TO

-

Technology

XEI.TO
0.7%
XEG.TO

-

Industrials

XEI.TO
0.7%
XEG.TO

-

Consumer Defensive

XEI.TO
0.5%
XEG.TO

-

Healthcare

XEI.TO
0.2%
XEG.TO

-

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 Composite High Dividend Index ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO
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

Return for Risk

XEI.TO vs. XEG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8989
Overall Rank
XEG.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8989
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

XEI.TOXEG.TODifference
Sharpe ratioReturn per unit of total volatility
6.34
3.27

+3.07

Sortino ratioReturn per unit of downside risk
9.47
3.81

+5.66

Omega ratioGain probability vs. loss probability

2.34

1.51

+0.83

Calmar ratioReturn relative to maximum drawdown

20.39

6.68

+13.72

Martin ratioReturn relative to average drawdown

69.23

19.94

+49.30

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

XEI.TO vs. XEG.TO - Sharpe Ratio Comparison

The current XEI.TO Sharpe Ratio is 6.34, which is higher than the XEG.TO Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of XEI.TO and XEG.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.

Loading charts...

Sharpe Ratios by Period

XEI.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.34

3.27

+3.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.41

1.04

+0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

0.35

+0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.28

+0.39

Drawdowns

XEI.TO vs. XEG.TO - Drawdown Comparison

The maximum XEI.TO drawdown since its inception was -45.51%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for XEI.TO and XEG.TO.

Loading charts...

Drawdown Indicators

XEI.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-45.51%

-87.74%

+42.23%

Max Drawdown (1Y)

Largest decline over 1 year

-2.24%

-11.12%

+8.88%

Max Drawdown (3Y)

Largest decline over 3 years

-9.92%

-25.67%

+15.75%

Max Drawdown (5Y)

Largest decline over 5 years

-17.32%

-28.42%

+11.10%

Max Drawdown (10Y)

Largest decline over 10 years

-45.51%

-79.66%

+34.15%

Current Drawdown

Current decline from peak

0.00%

-3.38%

+3.38%

Average Drawdown

Average peak-to-trough decline

-5.05%

-29.18%

+24.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.66%

3.72%

-3.06%

Volatility

XEI.TO vs. XEG.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.89%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.24%. This indicates that XEI.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XEI.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

9.24%

-6.35%

Volatility (6M)

Calculated over the trailing 6-month period

6.03%

18.90%

-12.87%

Volatility (1Y)

Calculated over the trailing 1-year period

7.24%

22.74%

-15.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.24%

28.62%

-17.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.01%

33.40%

-17.39%

XEI.TO vs. XEG.TO - Expense Ratio Comparison

XEI.TO has a 0.22% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.

Dividends

XEI.TO vs. XEG.TO - Dividend Comparison

XEI.TO's dividend yield for the trailing twelve months is around 3.53%, more than XEG.TO's 2.64% yield.

PositionTTM20252024202320222021202020192018201720162015
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.64%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.53%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%

Frequently Asked Questions

XEI.TO and XEG.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEI.TO is cheaper with a 0.22% expense ratio, compared with 0.61% for XEG.TO.

XEI.TO is categorized as Canada Equities, while XEG.TO is Energy Equities. XEI.TO tracks S&P/TSX Composite High Dividend Index, while XEG.TO tracks S&P/TSX Capped Energy Index. Their fees differ too: 0.22% for XEI.TO and 0.61% for XEG.TO.

Portfolio Optimizer

Find the right allocation for XEI.TO and XEG.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer