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

XEQT.TO vs. MGK

Last updated Jun 9, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and MGK (Vanguard Mega Cap Growth ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while MGK is a Large Cap Growth Equities fund tracking the CRSP US Mega Cap Growth Index. XEQT.TO is actively managed, while MGK is passively managed. Over the past 5 years, XEQT.TO returned 13.58%/yr vs 18.74%/yr for MGK. A 0.73 correlation means they provide meaningful diversification when combined. XEQT.TO charges 0.20%/yr vs 0.05%/yr for MGK.

Performance

XEQT.TO vs. MGK - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.TO) and Vanguard Mega Cap Growth ETF (MGK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XEQT.TO achieves a 10.73% return, which is significantly higher than MGK's 8.46% return.

XEQT.TO

1D
0.43%
1M
1.59%
YTD
10.73%
6M
11.16%
1Y
28.07%
3Y*
21.64%
5Y*
13.58%
10Y*
—

MGK

1D
0.72%
1M
1.78%
YTD
8.46%
6M
6.43%
1Y
27.76%
3Y*
27.30%
5Y*
18.74%
10Y*
20.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEQT.TO vs. MGK - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		10.73%20.57%24.38%17.27%-10.99%18.98%11.85%8.56%
MGK
Vanguard Mega Cap Growth ETF		8.46%15.16%44.20%48.06%-29.38%28.52%37.66%10.01%

Correlation

The correlation between XEQT.TO and MGK is 0.69, 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

0.69

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

0.69

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

0.75

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

0.73

The correlation between XEQT.TO and MGK has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

XEQT.TO vs. MGK - Sectors Allocation Comparison

Sectors
XEQT.TO
MGK

Technology

22.9%
56.1%

Financial Services

20.3%
4.5%

Industrials

12.1%
1.1%

Consumer Cyclical

7.8%
12.8%

Basic Materials

7.3%
0.7%

Energy

7.2%

-

Healthcare

6.6%
4.5%

Communication Services

6.4%
17.3%

Consumer Defensive

4.4%
0.4%

Utilities

2.8%
1.2%

Real Estate

2.2%
1.3%

Technology

XEQT.TO
22.9%
MGK
56.1%

Financial Services

XEQT.TO
20.3%
MGK
4.5%

Industrials

XEQT.TO
12.1%
MGK
1.1%

Consumer Cyclical

XEQT.TO
7.8%
MGK
12.8%

Basic Materials

XEQT.TO
7.3%
MGK
0.7%

Energy

XEQT.TO
7.2%
MGK

-

Healthcare

XEQT.TO
6.6%
MGK
4.5%

Communication Services

XEQT.TO
6.4%
MGK
17.3%

Consumer Defensive

XEQT.TO
4.4%
MGK
0.4%

Utilities

XEQT.TO
2.8%
MGK
1.2%

Real Estate

XEQT.TO
2.2%
MGK
1.3%

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

Vanguard Mega Cap Growth 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 MGK:
MGK vs. VGTMGK vs. VUGMGK vs. QQQMGK vs. SCHGMGK vs. MAGSMGK vs. MGCMGK vs. MGV

Return for Risk

XEQT.TO vs. MGK — 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: 8080
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8282
Martin Ratio Rank
MGK
MGK Risk / Return Rank: 4242
Overall Rank
MGK Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
MGK Sortino Ratio Rank: 4747
Sortino Ratio Rank
MGK Omega Ratio Rank: 4747
Omega Ratio Rank
MGK Calmar Ratio Rank: 3434
Calmar Ratio Rank
MGK Martin Ratio Rank: 3636
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. MGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and Vanguard Mega Cap Growth ETF (MGK). 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.TOMGKDifference
Sharpe ratioReturn per unit of total volatility
2.37
1.67

+0.70

Sortino ratioReturn per unit of downside risk
3.22
2.27

+0.95

Omega ratioGain probability vs. loss probability

1.44

1.29

+0.15

Calmar ratioReturn relative to maximum drawdown

3.42

1.63

+1.79

Martin ratioReturn relative to average drawdown

14.83

4.98

+9.84

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. MGK - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 2.37, which is higher than the MGK Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of XEQT.TO and MGK, 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.TOMGKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.37

1.67

+0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.80

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.94

0.74

+0.20

Drawdowns

XEQT.TO vs. MGK - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum MGK drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and MGK.

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Drawdown Indicators

XEQT.TOMGKDifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-33.16%

+3.42%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-17.08%

+8.83%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

-23.96%

+8.88%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

-33.16%

+13.61%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.16%

—

Current Drawdown

Current decline from peak

-2.20%

-3.54%

+1.34%

Average Drawdown

Average peak-to-trough decline

-4.10%

-6.38%

+2.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

5.58%

-3.68%

Volatility

XEQT.TO vs. MGK - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 4.35%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.53%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEQT.TOMGKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

5.53%

-1.18%

Volatility (6M)

Calculated over the trailing 6-month period

9.75%

13.15%

-3.40%

Volatility (1Y)

Calculated over the trailing 1-year period

11.92%

16.75%

-4.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.17%

23.41%

-10.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

22.85%

-7.29%

XEQT.TO vs. MGK - Expense Ratio Comparison

XEQT.TO has a 0.20% expense ratio, which is higher than MGK's 0.05% 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. MGK - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.51%, more than MGK's 0.33% yield.

PositionTTM20252024202320222021202020192018201720162015
MGK
Vanguard Mega Cap Growth ETF		0.33%0.35%0.43%0.50%0.70%0.41%0.65%0.85%1.12%1.23%1.53%1.43%
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%1.66%2.03%2.09%2.14%1.66%1.69%1.21%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XEQT.TO and MGK have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MGK is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MGK is cheaper with a 0.05% expense ratio, compared with 0.20% for XEQT.TO.

XEQT.TO is categorized as Global Equities, while MGK is Large Cap Growth Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for XEQT.TO and 0.05% for MGK.

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