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

XEN.TO vs. XEQT.TO

Last updated Jun 5, 2026

XEN.TO (iShares Jantzi Social Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XEN.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XEN.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XEN.TO returned 15.45%/yr vs 13.90%/yr for XEQT.TO. A 0.71 correlation means they provide meaningful diversification when combined. XEN.TO charges 0.55%/yr vs 0.20%/yr for XEQT.TO.

Performance

XEN.TO vs. XEQT.TO - 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 Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XEN.TO achieves a 10.45% return, which is significantly lower than XEQT.TO's 13.22% return.

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%

XEQT.TO

1D
0.83%
1M
6.02%
YTD
13.22%
6M
11.68%
1Y
30.42%
3Y*
22.22%
5Y*
13.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEN.TO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XEN.TO
iShares Jantzi Social Index ETF		10.45%34.17%16.91%12.18%-3.37%28.00%-0.30%5.58%
XEQT.TO
iShares Core Equity ETF Portfolio		13.22%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between XEN.TO and XEQT.TO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.80

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

0.74

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

0.71

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.71

The correlation between XEN.TO and XEQT.TO has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

XEN.TO vs. XEQT.TO - Sectors Allocation Comparison

Sectors
XEN.TO
XEQT.TO

Financial Services

34.8%
20.3%

Energy

18.6%
7.2%

Basic Materials

18.3%
7.3%

Industrials

10.0%
12.1%

Technology

8.1%
22.9%

Consumer Cyclical

3.3%
7.8%

Consumer Defensive

3.1%
4.4%

Utilities

2.6%
2.8%

Communication Services

0.8%
6.4%

Real Estate

0.4%
2.2%

Healthcare

-

6.6%

Financial Services

XEN.TO
34.8%
XEQT.TO
20.3%

Energy

XEN.TO
18.6%
XEQT.TO
7.2%

Basic Materials

XEN.TO
18.3%
XEQT.TO
7.3%

Industrials

XEN.TO
10.0%
XEQT.TO
12.1%

Technology

XEN.TO
8.1%
XEQT.TO
22.9%

Consumer Cyclical

XEN.TO
3.3%
XEQT.TO
7.8%

Consumer Defensive

XEN.TO
3.1%
XEQT.TO
4.4%

Utilities

XEN.TO
2.6%
XEQT.TO
2.8%

Communication Services

XEN.TO
0.8%
XEQT.TO
6.4%

Real Estate

XEN.TO
0.4%
XEQT.TO
2.2%

Healthcare

XEN.TO

-

XEQT.TO
6.6%

Compare stocks, funds, or ETFs

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iShares Jantzi Social Index ETF

iShares Core Equity ETF Portfolio

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 XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

XEN.TO vs. XEQT.TO — 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
XEQT.TO
XEQT.TO Risk / Return Rank: 8080
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8282
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. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Jantzi Social Index ETF (XEN.TO) and iShares Core Equity ETF Portfolio (XEQT.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.

XEN.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.91
2.62

+0.29

Sortino ratioReturn per unit of downside risk
3.87
3.61

+0.26

Omega ratioGain probability vs. loss probability

1.54

1.48

+0.05

Calmar ratioReturn relative to maximum drawdown

4.19

3.70

+0.49

Martin ratioReturn relative to average drawdown

18.92

16.13

+2.79

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. XEQT.TO - Sharpe Ratio Comparison

The current XEN.TO Sharpe Ratio is 2.91, which is comparable to the XEQT.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XEN.TO and XEQT.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.

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Sharpe Ratios by Period

XEN.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

2.62

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.07

+0.05

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

0.96

-0.52

Drawdowns

XEN.TO vs. XEQT.TO - Drawdown Comparison

The maximum XEN.TO drawdown since its inception was -49.69%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XEN.TO and XEQT.TO.

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Drawdown Indicators

XEN.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.69%

-29.74%

-19.95%

Max Drawdown (1Y)

Largest decline over 1 year

-8.55%

-8.25%

-0.30%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-15.08%

+1.77%

Max Drawdown (5Y)

Largest decline over 5 years

-17.79%

-19.56%

+1.77%

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%

-4.11%

-3.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.89%

0.00%

Volatility

XEN.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares Jantzi Social Index ETF (XEN.TO) is 2.53%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XEN.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEN.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.53%

3.70%

-1.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

9.41%

+0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

11.65%

+0.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

13.13%

+0.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

15.56%

-0.49%

XEN.TO vs. XEQT.TO - Expense Ratio Comparison

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

Dividends

XEN.TO vs. XEQT.TO - Dividend Comparison

XEN.TO's dividend yield for the trailing twelve months is around 1.67%, more than XEQT.TO's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XEQT.TO
iShares Core Equity ETF Portfolio		1.47%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XEN.TO and XEQT.TO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

XEN.TO is categorized as Canada Equities, while XEQT.TO is Global Equities. Their fees differ too: 0.55% for XEN.TO and 0.20% for XEQT.TO.

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