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XEQT.TO vs. CIE.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEQT.TO vs. CIE.NEO

Last updated Jun 5, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds from iShares. XEQT.TO is actively managed, while CIE.NEO is passively managed. Over the past 5 years, XEQT.TO returned 13.90%/yr vs 15.60%/yr for CIE.NEO. A 0.67 correlation means they provide meaningful diversification when combined. XEQT.TO charges 0.20%/yr vs 0.73%/yr for CIE.NEO.

Performance

XEQT.TO vs. CIE.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.TO) and iShares International Fundamental Common Class (CIE.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XEQT.TO achieves a 13.22% return, which is significantly lower than CIE.NEO's 18.32% return.

XEQT.TO

1D
0.83%
1M
6.02%
YTD
13.22%
6M
11.68%
1Y
30.42%
3Y*
22.22%
5Y*
13.90%
10Y*
—

CIE.NEO

1D
0.42%
1M
6.88%
YTD
18.32%
6M
20.08%
1Y
40.12%
3Y*
24.89%
5Y*
15.60%
10Y*
11.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEQT.TO vs. CIE.NEO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		13.22%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%
CIE.NEO
iShares International Fundamental Common Class		18.32%34.92%12.83%15.59%-2.83%14.42%1.33%12.17%

Correlation

The correlation between XEQT.TO and CIE.NEO is 0.76, 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

0.76

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

0.72

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

0.68

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

0.67

The correlation between XEQT.TO and CIE.NEO has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares Core Equity ETF Portfolio

iShares International Fundamental Common Class

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
Often compared with CIE.NEO:
CIE.NEO vs. PXFCIE.NEO vs. VGG.TOCIE.NEO vs. SPYCIE.NEO vs. DFIVCIE.NEO vs. FCCM.NEOCIE.NEO vs. XMW.TOCIE.NEO vs. ZLB.TO

Return for Risk

XEQT.TO vs. CIE.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
CIE.NEO
CIE.NEO Risk / Return Rank: 8383
Overall Rank
CIE.NEO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CIE.NEO Sortino Ratio Rank: 8888
Sortino Ratio Rank
CIE.NEO Omega Ratio Rank: 8989
Omega Ratio Rank
CIE.NEO Calmar Ratio Rank: 7474
Calmar Ratio Rank
CIE.NEO Martin Ratio Rank: 7979
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.

XEQT.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.

XEQT.TOCIE.NEODifference
Sharpe ratioReturn per unit of total volatility
2.62
2.89

-0.27

Sortino ratioReturn per unit of downside risk
3.61
3.95

-0.34

Omega ratioGain probability vs. loss probability

1.48

1.55

-0.06

Calmar ratioReturn relative to maximum drawdown

3.70

3.63

+0.07

Martin ratioReturn relative to average drawdown

16.13

15.02

+1.11

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

XEQT.TO vs. CIE.NEO - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 2.62, which is comparable to the CIE.NEO Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of XEQT.TO and CIE.NEO, 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

XEQT.TOCIE.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

2.89

-0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

1.13

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.96

0.44

+0.52

Drawdowns

XEQT.TO vs. CIE.NEO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and CIE.NEO.

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Drawdown Indicators

XEQT.TOCIE.NEODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-40.08%

+10.34%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-11.10%

+2.85%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

-15.44%

+0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-19.56%

-20.55%

+0.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.08%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.11%

-7.13%

+3.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.68%

-0.79%

Volatility

XEQT.TO vs. CIE.NEO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 3.70%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.82%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEQT.TOCIE.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

4.82%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

9.41%

11.56%

-2.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.65%

13.94%

-2.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.13%

13.85%

-0.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

18.18%

-2.62%

XEQT.TO vs. CIE.NEO - Expense Ratio Comparison

XEQT.TO has a 0.20% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.

Dividends

XEQT.TO vs. CIE.NEO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.47%, less than CIE.NEO's 2.11% yield.

PositionTTM20252024202320222021202020192018201720162015
CIE.NEO
iShares International Fundamental Common Class		2.11%2.53%2.82%3.08%3.32%2.89%2.15%3.63%3.12%2.67%2.80%2.44%
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

XEQT.TO and CIE.NEO have a correlation of 0.76, 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 0.73% for CIE.NEO.

Their fees differ too: 0.20% for XEQT.TO and 0.73% for CIE.NEO.

Portfolio Optimizer

Find the right allocation for XEQT.TO and CIE.NEO

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