XESG.TO vs. PSI

Last updated Apr 1, 2026

Compare and contrast key facts about iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and Invesco Semiconductors ETF (PSI).

XESG.TO and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XESG.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Mar 18, 2019. PSI is a passively managed fund by Invesco that tracks the performance of the Dynamic Semiconductors Intellidex Index. It was launched on Jun 23, 2005. Both XESG.TO and PSI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XESG.TO vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and Invesco Semiconductors ETF (PSI). The values are adjusted to include any dividend payments, if applicable.

XESG.TO vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XESG.TO iShares ESG Aware MSCI Canada Index ETF	3.17%	26.25%	20.05%	10.13%	-7.77%	22.91%	4.80%	15.28%
PSI Invesco Semiconductors ETF	21.30%	30.07%	27.24%	45.78%	-29.76%	45.23%	54.10%	23.41%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XESG.TO achieves a 3.17% return, which is significantly lower than PSI's 21.30% return.

XESG.TO

• 1D: 2.43%
• 1M: -4.49%
• YTD: 3.17%
• 6M: 5.51%
• 1Y: 29.40%
• 3Y*: 18.21%
• 5Y*: 12.49%
• 10Y*: —

PSI

• 1D: 6.50%
• 1M: -2.78%
• YTD: 21.30%
• 6M: 34.10%
• 1Y: 92.79%
• 3Y*: 33.35%
• 5Y*: 20.35%
• 10Y*: 28.37%

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

XESG.TO vs. PSI - Expense Ratio Comparison

XESG.TO has a 0.16% expense ratio, which is lower than PSI's 0.56% expense ratio.

PSI

Invesco Semiconductors ETF

XESG.TO

iShares ESG Aware MSCI Canada Index ETF

Return for Risk

XESG.TO vs. PSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XESG.TO

XESG.TO Risk / Return Rank: 88
XESG.TO Sharpe Ratio Rank: 88
XESG.TO Sortino Ratio Rank: 87
XESG.TO Omega Ratio Rank: 90
XESG.TO Calmar Ratio Rank: 87
XESG.TO Martin Ratio Rank: 91

PSI

PSI Risk / Return Rank: 95
PSI Sharpe Ratio Rank: 95
PSI Sortino Ratio Rank: 94
PSI Omega Ratio Rank: 92
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 97

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.

XESG.TO vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and Invesco Semiconductors ETF (PSI). 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.

	XESG.TO	PSI	Difference
Sharpe ratio Return per unit of total volatility	1.83	2.15	-0.32
Sortino ratio Return per unit of downside risk	2.32	2.63	-0.31
Omega ratio Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio Return relative to maximum drawdown	2.63	5.01	-2.38
Martin ratio Return relative to average drawdown	11.84	17.03	-5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XESG.TO vs. PSI - Sharpe Ratio Comparison

The current XESG.TO Sharpe Ratio is 1.83, which is comparable to the PSI Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of XESG.TO and PSI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XESG.TO	PSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.15	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.57	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.79	-0.02

Correlation

The correlation between XESG.TO and PSI is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XESG.TO vs. PSI - Dividend Comparison

XESG.TO's dividend yield for the trailing twelve months is around 2.10%, more than PSI's 0.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XESG.TO iShares ESG Aware MSCI Canada Index ETF	2.10%	2.13%	2.45%	2.74%	2.63%	1.88%	2.15%	1.05%	0.00%	0.00%	0.00%	0.00%
PSI Invesco Semiconductors ETF	0.08%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%

Drawdowns

XESG.TO vs. PSI - Drawdown Comparison

The maximum XESG.TO drawdown since its inception was -37.36%, smaller than the maximum PSI drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for XESG.TO and PSI.

Drawdown Indicators

	XESG.TO	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-37.36%	-62.96%	+25.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	-18.67%	+7.16%
Max Drawdown (5Y) Largest decline over 5 years	-17.91%	-44.85%	+26.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.85%	—
Current Drawdown Current decline from peak	-5.15%	-9.88%	+4.73%
Average Drawdown Average peak-to-trough decline	-4.63%	-16.05%	+11.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	5.15%	-2.60%

Volatility

XESG.TO vs. PSI - Volatility Comparison

The current volatility for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) is 6.03%, while Invesco Semiconductors ETF (PSI) has a volatility of 16.11%. This indicates that XESG.TO experiences smaller price fluctuations and is considered to be less risky than PSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XESG.TO	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	16.11%	-10.08%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	29.63%	-18.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	43.41%	-27.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.53%	35.71%	-22.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	33.14%	-16.21%