XEQT.TO vs. CASH.TO
XEQT.TO (iShares Core Equity ETF Portfolio) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while CASH.TO is a Money Market fund actively managed by Global X. Both are actively managed. Over the past 3 years, XEQT.TO returned 21.81%/yr vs 3.60%/yr for CASH.TO. At a 0.02 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.11%/yr for CASH.TO.
Performance
XEQT.TO vs. CASH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEQT.TO achieves a 12.26% return, which is significantly higher than CASH.TO's 0.91% return.
XEQT.TO
- 1D
- 0.63%
- 1M
- 3.45%
- YTD
- 12.26%
- 6M
- 12.73%
- 1Y
- 30.96%
- 3Y*
- 21.81%
- 5Y*
- 13.69%
- 10Y*
- —
CASH.TO
- 1D
- 0.02%
- 1M
- 0.15%
- YTD
- 0.91%
- 6M
- 1.03%
- 1Y
- 2.23%
- 3Y*
- 3.60%
- 5Y*
- —
- 10Y*
- —
XEQT.TO vs. CASH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 12.26% | 20.57% | 24.38% | 17.27% | -10.99% | 1.34% |
CASH.TO Global X High Interest Savings ETF | 0.91% | 2.45% | 4.53% | 5.11% | 2.38% | 0.08% |
Correlation
The correlation between XEQT.TO and CASH.TO is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.02 |
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Return for Risk
XEQT.TO vs. CASH.TO — Risk / Return Rank
XEQT.TO
CASH.TO
XEQT.TO vs. CASH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and Global X High Interest Savings ETF (CASH.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.
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.
| XEQT.TO | CASH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.13 | ||
| Sortino ratioReturn per unit of downside risk | -22.84 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 7.03 | -5.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 113.10 | -109.51 |
| Martin ratioReturn relative to average drawdown | 15.41 | 389.01 | -373.60 |
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Drawdowns
XEQT.TO vs. CASH.TO - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, which is greater than CASH.TO's maximum drawdown of -0.80%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and CASH.TO.
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Drawdown Indicators
| XEQT.TO | CASH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -0.80% | -28.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -0.02% | -8.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -0.06% | -15.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | 0.00% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -0.00% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.01% | +1.91% |
Volatility
XEQT.TO vs. CASH.TO - Volatility Comparison
iShares Core Equity ETF Portfolio (XEQT.TO) has a higher volatility of 5.02% compared to Global X High Interest Savings ETF (CASH.TO) at 0.08%. This indicates that XEQT.TO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEQT.TO | CASH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.08% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 0.16% | +9.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 0.24% | +11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 0.61% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 0.61% | +14.97% |
XEQT.TO vs. CASH.TO - Expense Ratio Comparison
XEQT.TO has a 0.20% expense ratio, which is higher than CASH.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEQT.TO vs. CASH.TO - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, less than CASH.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 2.19% | 2.53% | 4.37% | 5.05% | 2.30% | 0.10% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.03% | 2.09% | 2.14% | 1.66% | 1.69% | 1.21% |
Frequently Asked Questions
XEQT.TO and CASH.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CASH.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CASH.TO is cheaper with a 0.11% expense ratio, compared with 0.20% for XEQT.TO.
XEQT.TO is categorized as Global Equities, while CASH.TO is Money Market. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XEQT.TO and 0.11% for CASH.TO.
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