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

XEQT.TO vs. XEF.TO

Last updated Apr 11, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both Global Equities funds from iShares. XEQT.TO is actively managed, while XEF.TO is passively managed. Over the past 5 years, XEQT.TO returned 12.32%/yr vs 10.55%/yr for XEF.TO. Their correlation of 0.84 suggests significant overlap in exposure. XEQT.TO charges 0.20%/yr vs 0.22%/yr for XEF.TO.

Performance

XEQT.TO vs. XEF.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.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XEQT.TO achieves a 4.80% return, which is significantly lower than XEF.TO's 7.36% 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.TO

1D
0.44%
1M
5.20%
YTD
7.36%
6M
11.52%
1Y
36.46%
3Y*
17.08%
5Y*
10.55%
10Y*
9.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		4.80%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		7.36%25.69%12.04%15.21%-9.53%10.36%6.13%11.96%

Correlation

The correlation between XEQT.TO and XEF.TO is 0.87, 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

0.87

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

0.83

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

0.85

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.84

The correlation between XEQT.TO and XEF.TO has been stable across timeframes, ranging from 0.83 to 0.87 — a consistent structural relationship.

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

iShares Core MSCI EAFE IMI Index 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. XAW.TO
Often compared with XEF.TO:
XEF.TO vs. XEC.TOXEF.TO vs. VIU.TOXEF.TO vs. ZEA.TOXEF.TO vs. XFH.TOXEF.TO vs. IEFAXEF.TO vs. XEF-U.TOXEF.TO vs. XIC.TO

Return for Risk

XEQT.TO vs. XEF.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: 8585
Overall Rank
XEQT.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 8686
Martin Ratio Rank
XEF.TO
XEF.TO Risk / Return Rank: 7272
Overall Rank
XEF.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
XEF.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XEF.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEF.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XEF.TO Martin Ratio Rank: 6969
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. XEF.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.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.TOXEF.TODifference

Sharpe ratio

Return per unit of total volatility

3.04

2.74

+0.30

Sortino ratio

Return per unit of downside risk

4.15

3.76

+0.38

Omega ratio

Gain probability vs. loss probability

1.57

1.50

+0.07

Calmar ratio

Return relative to maximum drawdown

4.93

3.69

+1.25

Martin ratio

Return relative to average drawdown

21.32

15.71

+5.62

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.TO - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 3.04, which is comparable to the XEF.TO Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of XEQT.TO and XEF.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.

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Sharpe Ratios by Period

XEQT.TOXEF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.04

2.74

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

0.79

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.68

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.70

+0.19

Drawdowns

XEQT.TO vs. XEF.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, roughly equal to the maximum XEF.TO drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and XEF.TO.

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Drawdown Indicators

XEQT.TOXEF.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-28.51%

-1.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-11.27%

+3.02%

Max Drawdown (5Y)

Largest decline over 5 years

-19.56%

-24.58%

+5.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.51%

—

Current Drawdown

Current decline from peak

-1.17%

-2.20%

+1.03%

Average Drawdown

Average peak-to-trough decline

-4.19%

-4.64%

+0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

2.65%

-0.74%

Volatility

XEQT.TO vs. XEF.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.TO) has a volatility of 7.40%. This indicates that XEQT.TO experiences smaller price fluctuations and is considered to be less risky than XEF.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.TOXEF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.82%

7.40%

-1.58%

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

10.96%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

12.60%

13.73%

-1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.06%

13.45%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.63%

14.79%

+0.84%

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

XEQT.TO has a 0.20% expense ratio, which is lower than XEF.TO's 0.22% 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.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.59%, less than XEF.TO's 2.26% yield.

TTM20252024202320222021202020192018201720162015
XEQT.TO
iShares Core Equity ETF Portfolio		1.59%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		2.26%2.43%2.76%2.75%2.93%2.42%1.93%2.72%2.76%2.10%2.42%2.42%