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XEN.TO vs. ESGD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEN.TO vs. ESGD

Last updated Jun 5, 2026

XEN.TO (iShares Jantzi Social Index ETF) and ESGD (iShares ESG Aware MSCI EAFE ETF) are both exchange-traded funds - XEN.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index. Both are passively managed. Over the past 5 years, XEN.TO returned 15.45%/yr vs 11.17%/yr for ESGD. A 0.57 correlation means they provide meaningful diversification when combined. XEN.TO charges 0.55%/yr vs 0.20%/yr for ESGD.

Performance

XEN.TO vs. ESGD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Jantzi Social Index ETF (XEN.TO) and iShares ESG Aware MSCI EAFE ETF (ESGD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with XEN.TO having a 10.45% return and ESGD slightly higher at 10.60%.

XEN.TO

1D
0.70%
1M
4.07%
YTD
10.45%
6M
10.76%
1Y
35.69%
3Y*
23.12%
5Y*
15.45%
10Y*
12.35%

ESGD

1D
0.83%
1M
5.09%
YTD
10.60%
6M
10.59%
1Y
22.63%
3Y*
17.72%
5Y*
11.17%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEN.TO vs. ESGD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEN.TO
iShares Jantzi Social Index ETF		10.45%34.17%16.91%12.18%-3.37%28.00%-0.30%17.34%-7.93%10.65%
ESGD
iShares ESG Aware MSCI EAFE ETF		10.60%23.69%12.88%15.92%-9.13%10.78%6.37%17.07%-5.98%17.14%

Correlation

The correlation between XEN.TO and ESGD is 0.59, 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

0.59

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

0.60

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

0.59

Correlation (All Time)
Calculated using the full available price history since Jul 1, 2016

0.57

The correlation between XEN.TO and ESGD has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

XEN.TO vs. ESGD - Sectors Allocation Comparison

Sectors
XEN.TO
ESGD

Financial Services

34.8%
26.4%

Energy

18.6%
3.9%

Basic Materials

18.3%
4.6%

Industrials

10.0%
19.2%

Technology

8.1%
11.7%

Consumer Cyclical

3.3%
7.6%

Consumer Defensive

3.1%
6.4%

Utilities

2.6%
3.9%

Communication Services

0.8%
4.0%

Real Estate

0.4%
2.0%

Healthcare

-

10.3%

Financial Services

XEN.TO
34.8%
ESGD
26.4%

Energy

XEN.TO
18.6%
ESGD
3.9%

Basic Materials

XEN.TO
18.3%
ESGD
4.6%

Industrials

XEN.TO
10.0%
ESGD
19.2%

Technology

XEN.TO
8.1%
ESGD
11.7%

Consumer Cyclical

XEN.TO
3.3%
ESGD
7.6%

Consumer Defensive

XEN.TO
3.1%
ESGD
6.4%

Utilities

XEN.TO
2.6%
ESGD
3.9%

Communication Services

XEN.TO
0.8%
ESGD
4.0%

Real Estate

XEN.TO
0.4%
ESGD
2.0%

Healthcare

XEN.TO

-

ESGD
10.3%

Compare stocks, funds, or ETFs

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iShares Jantzi Social Index ETF

iShares ESG Aware MSCI EAFE ETF

Often compared with XEN.TO:
XEN.TO vs. GEQT.TOXEN.TO vs. XCSR.TOXEN.TO vs. XDSR.TOXEN.TO vs. VFV.TOXEN.TO vs. DMEC.TOXEN.TO vs. XIU.TOXEN.TO vs. XIC.TO
Often compared with ESGD:
ESGD vs. ESGUESGD vs. ESGVESGD vs. SPYESGD vs. DMXFESGD vs. SDGESGD vs. FNIDXESGD vs. INTF

Return for Risk

XEN.TO vs. ESGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEN.TO
XEN.TO Risk / Return Rank: 8686
Overall Rank
XEN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XEN.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XEN.TO Omega Ratio Rank: 8888
Omega Ratio Rank
XEN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XEN.TO Martin Ratio Rank: 8888
Martin Ratio Rank
ESGD
ESGD Risk / Return Rank: 3939
Overall Rank
ESGD Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
ESGD Sortino Ratio Rank: 3939
Sortino Ratio Rank
ESGD Omega Ratio Rank: 3838
Omega Ratio Rank
ESGD Calmar Ratio Rank: 3636
Calmar Ratio Rank
ESGD Martin Ratio Rank: 4242
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.

XEN.TO vs. ESGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Jantzi Social Index ETF (XEN.TO) and iShares ESG Aware MSCI EAFE ETF (ESGD). 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.

XEN.TOESGDDifference
Sharpe ratioReturn per unit of total volatility
2.91
1.60

+1.32

Sortino ratioReturn per unit of downside risk
3.87
2.29

+1.59

Omega ratioGain probability vs. loss probability

1.54

1.29

+0.24

Calmar ratioReturn relative to maximum drawdown

4.19

2.01

+2.19

Martin ratioReturn relative to average drawdown

18.92

7.81

+11.11

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

XEN.TO vs. ESGD - Sharpe Ratio Comparison

The current XEN.TO Sharpe Ratio is 2.91, which is higher than the ESGD Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of XEN.TO and ESGD, 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

XEN.TOESGDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

1.60

+1.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

0.82

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.73

-0.29

Drawdowns

XEN.TO vs. ESGD - Drawdown Comparison

The maximum XEN.TO drawdown since its inception was -49.69%, which is greater than ESGD's maximum drawdown of -28.05%. Use the drawdown chart below to compare losses from any high point for XEN.TO and ESGD.

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Drawdown Indicators

XEN.TOESGDDifference

Max Drawdown

Largest peak-to-trough decline

-49.69%

-28.05%

-21.64%

Max Drawdown (1Y)

Largest decline over 1 year

-8.55%

-11.33%

+2.78%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-14.23%

+0.92%

Max Drawdown (5Y)

Largest decline over 5 years

-17.79%

-24.07%

+6.28%

Max Drawdown (10Y)

Largest decline over 10 years

-36.24%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.65%

-4.12%

-3.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.90%

-1.01%

Volatility

XEN.TO vs. ESGD - Volatility Comparison

The current volatility for iShares Jantzi Social Index ETF (XEN.TO) is 2.53%, while iShares ESG Aware MSCI EAFE ETF (ESGD) has a volatility of 4.59%. This indicates that XEN.TO experiences smaller price fluctuations and is considered to be less risky than ESGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEN.TOESGDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.53%

4.59%

-2.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

11.92%

-2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

14.24%

-1.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

13.76%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

14.54%

+0.53%

XEN.TO vs. ESGD - Expense Ratio Comparison

XEN.TO has a 0.55% expense ratio, which is higher than ESGD's 0.20% expense ratio.

Dividends

XEN.TO vs. ESGD - Dividend Comparison

XEN.TO's dividend yield for the trailing twelve months is around 1.67%, less than ESGD's 3.30% yield.

PositionTTM20252024202320222021202020192018201720162015
ESGD
iShares ESG Aware MSCI EAFE ETF		3.30%3.60%3.23%3.02%2.59%2.75%1.63%2.57%2.69%2.65%0.09%0.00%
XEN.TO
iShares Jantzi Social Index ETF		1.67%1.83%2.29%2.46%2.60%1.73%3.72%2.13%2.31%1.75%2.07%2.57%

Frequently Asked Questions

XEN.TO and ESGD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ESGD is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ESGD is cheaper with a 0.20% expense ratio, compared with 0.55% for XEN.TO.

XEN.TO is categorized as Canada Equities, while ESGD is Foreign Large Cap Equities. XEN.TO tracks Morningstar Canada GR CAD, while ESGD tracks MSCI EAFE Extended ESG Focus Index. Their fees differ too: 0.55% for XEN.TO and 0.20% for ESGD.

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