XEQT.TO vs. SHOP
XEQT.TO (iShares Core Equity ETF Portfolio) is Global Equities fund actively managed by iShares, while SHOP (Shopify Inc.) is a stock. Over the past 5 years, XEQT.TO returned 13.69%/yr vs 0.08%/yr for SHOP. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
XEQT.TO vs. SHOP - Performance Comparison
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Different Trading Currencies
XEQT.TO is traded in CAD, while SHOP is traded in USD. To make them comparable, the SHOP 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 12.26% return, which is significantly higher than SHOP's -31.32% return.
XEQT.TO
- 1D
- 0.63%
- 1M
- 2.69%
- YTD
- 12.26%
- 6M
- 12.73%
- 1Y
- 29.47%
- 3Y*
- 21.81%
- 5Y*
- 13.69%
- 10Y*
- —
SHOP
- 1D
- -1.74%
- 1M
- 15.86%
- YTD
- -31.32%
- 6M
- -33.07%
- 1Y
- 1.44%
- 3Y*
- 21.07%
- 5Y*
- 0.08%
- 10Y*
- 44.84%
XEQT.TO vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 12.26% | 20.57% | 24.38% | 17.27% | -10.99% | 18.98% | 11.85% | 8.56% |
SHOP Shopify Inc. | -31.32% | 44.48% | 48.05% | 119.09% | -73.20% | 21.62% | 177.95% | 6.25% |
Correlation
The correlation between XEQT.TO and SHOP is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019 | 0.52 |
The correlation between XEQT.TO and SHOP has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
XEQT.TO vs. SHOP — Risk / Return Rank
XEQT.TO
SHOP
XEQT.TO vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.06 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 0.03 | +3.56 |
| Martin ratioReturn relative to average drawdown | 15.41 | 0.06 | +15.35 |
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Drawdowns
XEQT.TO vs. SHOP - Drawdown Comparison
The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum SHOP drawdown of -83.40%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and SHOP.
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Drawdown Indicators
| XEQT.TO | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.74% | -83.40% | +53.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -47.81% | +39.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -47.81% | +32.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -83.40% | +63.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.40% | — |
Current DrawdownCurrent decline from peak | -0.84% | -39.54% | +38.70% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -27.08% | +22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 23.01% | -21.09% |
Volatility
XEQT.TO vs. SHOP - Volatility Comparison
The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 5.02%, while Shopify Inc. (SHOP) has a volatility of 15.36%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than SHOP 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 | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 15.36% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 43.25% | -33.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 56.93% | -44.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 65.55% | -52.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 59.30% | -43.72% |
Dividends
XEQT.TO vs. SHOP - Dividend Comparison
XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | 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 SHOP have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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