PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XEQT.TO vs. HXE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEQT.TO vs. HXE.TO

Last updated Jun 25, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and HXE.TO (Global X S&P/TSX Capped Energy Index Corporate Class ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while HXE.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index (Total Return). XEQT.TO is actively managed, while HXE.TO is passively managed. Over the past 5 years, XEQT.TO returned 13.55%/yr vs 25.70%/yr for HXE.TO. At a 0.28 correlation, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.27%/yr for HXE.TO.

Performance

XEQT.TO vs. HXE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.TO) and Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XEQT.TO achieves a 12.77% return, which is significantly lower than HXE.TO's 25.30% return.

XEQT.TO

1D
-0.13%
1M
0.27%
YTD
12.77%
6M
12.14%
1Y
28.80%
3Y*
22.95%
5Y*
13.55%
10Y*
—

HXE.TO

1D
-4.03%
1M
-11.30%
YTD
25.30%
6M
28.27%
1Y
43.49%
3Y*
24.41%
5Y*
25.70%
10Y*
10.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		12.77%20.57%24.38%17.27%-10.99%18.98%11.85%8.56%
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Class ETF		25.30%17.30%14.39%3.95%53.52%81.48%-33.82%18.26%

Correlation

The correlation between XEQT.TO and HXE.TO is -0.10, 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

-0.10

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

0.15

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

0.24

Correlation (All Time)
Calculated using the full available price history since Aug 14, 2019

0.28

The correlation between XEQT.TO and HXE.TO shifts across timeframes, from -0.10 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

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

Sectors
XEQT.TO
HXE.TO

Financial Services

25.5%

-

Technology

19.2%

-

Energy

11.9%
100.0%

Basic Materials

10.4%

-

Industrials

9.9%

-

Consumer Cyclical

6.2%

-

Communication Services

5.0%

-

Healthcare

3.8%

-

Consumer Defensive

3.6%

-

Utilities

2.8%

-

Real Estate

1.9%

-

Financial Services

XEQT.TO
25.5%
HXE.TO

-

Technology

XEQT.TO
19.2%
HXE.TO

-

Energy

XEQT.TO
11.9%
HXE.TO
100.0%

Basic Materials

XEQT.TO
10.4%
HXE.TO

-

Industrials

XEQT.TO
9.9%
HXE.TO

-

Consumer Cyclical

XEQT.TO
6.2%
HXE.TO

-

Communication Services

XEQT.TO
5.0%
HXE.TO

-

Healthcare

XEQT.TO
3.8%
HXE.TO

-

Consumer Defensive

XEQT.TO
3.6%
HXE.TO

-

Utilities

XEQT.TO
2.8%
HXE.TO

-

Real Estate

XEQT.TO
1.9%
HXE.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 Core Equity ETF Portfolio

Global X S&P/TSX Capped Energy Index Corporate Class ETF

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 HXE.TO:
HXE.TO vs. XEG.TOHXE.TO vs. ENCC.TOHXE.TO vs. OILY.TOHXE.TO vs. EFX.TOHXE.TO vs. VDY.TOHXE.TO vs. CEW.TOHXE.TO vs. VCN.TO

Return for Risk

XEQT.TO vs. HXE.TO — 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: 8181
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8383
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8383
Martin Ratio Rank
HXE.TO
HXE.TO Risk / Return Rank: 5959
Overall Rank
HXE.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
HXE.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
HXE.TO Omega Ratio Rank: 5656
Omega Ratio Rank
HXE.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
HXE.TO Martin Ratio Rank: 6363
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. HXE.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 S&P/TSX Capped Energy Index Corporate Class ETF (HXE.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.TOHXE.TODifference
Sharpe ratioReturn per unit of total volatility
2.37
1.81

+0.56

Sortino ratioReturn per unit of downside risk
3.25
2.33

+0.92

Omega ratioGain probability vs. loss probability

1.44

1.31

+0.13

Calmar ratioReturn relative to maximum drawdown

3.51

2.64

+0.86

Martin ratioReturn relative to average drawdown

15.04

10.19

+4.85

XEQT.TO vs. HXE.TO - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 2.37, which is higher than the HXE.TO Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of XEQT.TO and HXE.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...

Drawdowns

XEQT.TO vs. HXE.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum HXE.TO drawdown of -85.92%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and HXE.TO.

Loading charts...

Drawdown Indicators

XEQT.TOHXE.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-85.92%

+56.18%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-16.52%

+8.27%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

-25.34%

+10.26%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

-28.83%

+9.28%

Max Drawdown (10Y)

Largest decline over 10 years

—

-80.40%

—

Current Drawdown

Current decline from peak

-1.32%

-16.52%

+15.20%

Average Drawdown

Average peak-to-trough decline

-4.07%

-30.70%

+26.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

4.28%

-2.36%

Volatility

XEQT.TO vs. HXE.TO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 4.55%, while Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has a volatility of 9.70%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than HXE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XEQT.TOHXE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

9.70%

-5.15%

Volatility (6M)

Calculated over the trailing 6-month period

10.11%

20.41%

-10.30%

Volatility (1Y)

Calculated over the trailing 1-year period

12.22%

24.52%

-12.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.24%

29.38%

-16.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

33.80%

-18.24%

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

XEQT.TO has a 0.20% expense ratio, which is lower than HXE.TO's 0.27% expense ratio. Despite the difference, 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. HXE.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, while HXE.TO has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%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 HXE.TO have a correlation of -0.10, 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 0.27% for HXE.TO.

XEQT.TO is categorized as Global Equities, while HXE.TO is Energy Equities. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XEQT.TO and 0.27% for HXE.TO.

Portfolio Optimizer

Find the right allocation for XEQT.TO and HXE.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