XEQT.TO vs. OILY.TO
XEQT.TO (iShares Core Equity ETF Portfolio) and OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index. XEQT.TO is actively managed, while OILY.TO is passively managed. Over the past year, XEQT.TO returned 30.42% vs 54.51% for OILY.TO. At a correlation of -0.03, they often move in opposite directions. XEQT.TO charges 0.20%/yr vs 0.60%/yr for OILY.TO.
Performance
XEQT.TO vs. OILY.TO - Performance Comparison
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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 OILY.TO's 36.54% 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*
- —
OILY.TO
- 1D
- 0.85%
- 1M
- 2.24%
- YTD
- 36.54%
- 6M
- 30.17%
- 1Y
- 54.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEQT.TO vs. OILY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 13.22% | 18.00% |
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 36.54% | 3.96% |
Correlation
The correlation between XEQT.TO and OILY.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | -0.03 |
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Return for Risk
XEQT.TO vs. OILY.TO — Risk / Return Rank
XEQT.TO
OILY.TO
XEQT.TO vs. OILY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.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.
| XEQT.TO | OILY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 4.92 | -1.22 |
| Martin ratioReturn relative to average drawdown | 16.13 | 15.05 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEQT.TO | OILY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.85 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 1.38 | -0.42 |
Drawdowns
XEQT.TO vs. OILY.TO - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, which is greater than OILY.TO's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and OILY.TO.
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Drawdown Indicators
| XEQT.TO | OILY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -22.70% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -11.14% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.38% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -4.48% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 3.63% | -1.74% |
Volatility
XEQT.TO vs. OILY.TO - Volatility Comparison
The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 3.70%, while Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) has a volatility of 7.98%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than OILY.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 | OILY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 7.98% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 16.36% | -6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 19.32% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 24.98% | -11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 24.98% | -9.42% |
XEQT.TO vs. OILY.TO - Expense Ratio Comparison
XEQT.TO has a 0.20% expense ratio, which is lower than OILY.TO's 0.60% expense ratio.
Dividends
XEQT.TO vs. OILY.TO - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.47%, less than OILY.TO's 12.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 12.58% | 11.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.47% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% |
Frequently Asked Questions
XEQT.TO and OILY.TO have a correlation of -0.12, 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 0.60% for OILY.TO.
XEQT.TO is categorized as Global Equities, while OILY.TO is Energy Equities. They also come from different issuers: iShares and Evolve. Their fees differ too: 0.20% for XEQT.TO and 0.60% for OILY.TO.
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