XEQT.TO vs. XEF-U.TO

Last updated Apr 11, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) are both Global Equities funds from iShares. XEQT.TO is actively managed, while XEF-U.TO is passively managed. Over the past 5 years, XEQT.TO returned 12.32%/yr vs 9.97%/yr for XEF-U.TO. At 0.37, their price movements are largely independent. XEQT.TO charges 0.20%/yr vs 0.21%/yr for XEF-U.TO.

Performance

XEQT.TO vs. XEF-U.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 iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XEQT.TO is traded in CAD, while XEF-U.TO is traded in USD. To make them comparable, the XEF-U.TO 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 4.80% return, which is significantly lower than XEF-U.TO's 7.03% return.

XEQT.TO

• 1D: 0.41%
• 1M: 3.32%
• YTD: 4.80%
• 6M: 7.93%
• 1Y: 36.34%
• 3Y*: 19.58%
• 5Y*: 12.32%
• 10Y*: —

XEF-U.TO

• 1D: 0.00%
• 1M: 5.13%
• YTD: 7.03%
• 6M: 11.14%
• 1Y: 35.20%
• 3Y*: 16.48%
• 5Y*: 9.97%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XEQT.TO vs. XEF-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XEQT.TO iShares Core Equity ETF Portfolio	4.80%	19.47%	24.36%	17.25%	-11.01%	18.94%	11.82%	4.81%
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF	7.08%	25.24%	11.01%	13.30%	-9.39%	9.81%	6.64%	2.91%

Correlation

The correlation between XEQT.TO and XEF-U.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019	0.37

Over the past year, XEQT.TO and XEF-U.TO have become more correlated (0.81) than their long-term average of 0.37, meaning their price movements have been converging.

Return for Risk

XEQT.TO vs. XEF-U.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: 85
XEQT.TO Sharpe Ratio Rank: 86
XEQT.TO Sortino Ratio Rank: 85
XEQT.TO Omega Ratio Rank: 85
XEQT.TO Calmar Ratio Rank: 80
XEQT.TO Martin Ratio Rank: 86

XEF-U.TO

XEF-U.TO Risk / Return Rank: 65
XEF-U.TO Sharpe Ratio Rank: 73
XEF-U.TO Sortino Ratio Rank: 69
XEF-U.TO Omega Ratio Rank: 69
XEF-U.TO Calmar Ratio Rank: 55
XEF-U.TO Martin Ratio Rank: 62

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. XEF-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.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	XEF-U.TO	Difference
Sharpe ratio Return per unit of total volatility	3.04	2.62	+0.42
Sortino ratio Return per unit of downside risk	4.15	3.47	+0.67
Omega ratio Gain probability vs. loss probability	1.57	1.48	+0.09
Calmar ratio Return relative to maximum drawdown	4.93	3.27	+1.67
Martin ratio Return relative to average drawdown	21.32	14.16	+7.16
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. XEF-U.TO - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 3.04, which is comparable to the XEF-U.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XEQT.TO and XEF-U.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.

Sharpe Ratios by Period

	XEQT.TO	XEF-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.04	2.62	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.90	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.90	-0.01

Drawdowns

XEQT.TO vs. XEF-U.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, which is greater than XEF-U.TO's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and XEF-U.TO.

Drawdown Indicators

	XEQT.TO	XEF-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.74%	-33.72%	+3.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-11.67%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-19.56%	-31.18%	+11.62%
Current Drawdown Current decline from peak	-1.17%	-3.41%	+2.24%
Average Drawdown Average peak-to-trough decline	-4.19%	-5.72%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.85%	-0.94%

Volatility

XEQT.TO vs. XEF-U.TO - Volatility Comparison

The current volatility for iShares Core Equity ETF Portfolio (XEQT.TO) is 5.82%, while iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) has a volatility of 7.66%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than XEF-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEQT.TO	XEF-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	7.66%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	11.16%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	13.87%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	17.84%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	20.49%	-4.86%

XEQT.TO vs. XEF-U.TO - Expense Ratio Comparison

XEQT.TO has a 0.20% expense ratio, which is lower than XEF-U.TO's 0.21% 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. XEF-U.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.59%, less than XEF-U.TO's 1.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
XEQT.TO iShares Core Equity ETF Portfolio	1.59%	1.66%	2.01%	2.07%	2.12%	1.64%	1.66%	1.19%
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF	1.67%	1.78%	2.04%	2.08%	2.43%	1.94%	1.40%	0.77%