PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XESG.TO vs. SCHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XESG.TO vs. SCHG

Last updated Jun 25, 2026

XESG.TO (iShares ESG Aware MSCI Canada Index ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - XESG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 5 years, XESG.TO returned 12.28%/yr vs 16.53%/yr for SCHG. At a 0.47 correlation, their price movements are largely independent. XESG.TO charges 0.16%/yr vs 0.04%/yr for SCHG.

Performance

XESG.TO vs. SCHG - 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 Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XESG.TO is traded in CAD, while SCHG is traded in USD. To make them comparable, the SCHG 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 10.21% return, which is significantly higher than SCHG's 5.03% return.

XESG.TO

1D
-0.49%
1M
-0.26%
YTD
10.21%
6M
5.74%
1Y
27.81%
3Y*
22.12%
5Y*
12.28%
10Y*
—

SCHG

1D
0.24%
1M
-1.02%
YTD
5.03%
6M
3.55%
1Y
20.10%
3Y*
25.29%
5Y*
16.53%
10Y*
19.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XESG.TO vs. SCHG - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XESG.TO
iShares ESG Aware MSCI Canada Index ETF		10.21%26.34%20.23%10.30%-7.64%23.09%1.14%12.07%
SCHG
Schwab U.S. Large-Cap Growth ETF		5.03%12.14%46.38%46.53%-27.48%28.05%35.84%14.77%

Correlation

The correlation between XESG.TO and SCHG is 0.53, 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

0.53

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

0.50

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

0.55

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2019

0.47

The correlation between XESG.TO and SCHG has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

XESG.TO vs. SCHG - Sectors Allocation Comparison

Sectors
XESG.TO
SCHG

Financial Services

35.8%
6.6%

Basic Materials

22.3%
1.3%

Energy

20.4%
0.7%

Industrials

10.4%
6.0%

Utilities

3.2%
0.4%

Consumer Cyclical

3.2%
12.4%

Technology

3.1%
46.7%

Consumer Defensive

0.8%
1.6%

Real Estate

0.6%
0.5%

Communication Services

0.2%
15.3%

Healthcare

0.1%
8.4%

Financial Services

XESG.TO
35.8%
SCHG
6.6%

Basic Materials

XESG.TO
22.3%
SCHG
1.3%

Energy

XESG.TO
20.4%
SCHG
0.7%

Industrials

XESG.TO
10.4%
SCHG
6.0%

Utilities

XESG.TO
3.2%
SCHG
0.4%

Consumer Cyclical

XESG.TO
3.2%
SCHG
12.4%

Technology

XESG.TO
3.1%
SCHG
46.7%

Consumer Defensive

XESG.TO
0.8%
SCHG
1.6%

Real Estate

XESG.TO
0.6%
SCHG
0.5%

Communication Services

XESG.TO
0.2%
SCHG
15.3%

Healthcare

XESG.TO
0.1%
SCHG
8.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Aware MSCI Canada Index ETF

Schwab U.S. Large-Cap Growth ETF

Often compared with XESG.TO:
XESG.TO vs. XCSR.TOXESG.TO vs. XEQT.TOXESG.TO vs. VFV.TOXESG.TO vs. SPYXESG.TO vs. XIU.TOXESG.TO vs. GEQT.TOXESG.TO vs. PSI
Often compared with SCHG:
SCHG vs. SCHDSCHG vs. QQQMSCHG vs. VOOSCHG vs. VUGSCHG vs. QQQSCHG vs. SPMOSCHG vs. SPYG

Return for Risk

XESG.TO vs. SCHG — 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: 7070
Overall Rank
XESG.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XESG.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
XESG.TO Omega Ratio Rank: 7171
Omega Ratio Rank
XESG.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XESG.TO Martin Ratio Rank: 7777
Martin Ratio Rank
SCHG
SCHG Risk / Return Rank: 2727
Overall Rank
SCHG Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
SCHG Sortino Ratio Rank: 2828
Sortino Ratio Rank
SCHG Omega Ratio Rank: 2828
Omega Ratio Rank
SCHG Calmar Ratio Rank: 2222
Calmar Ratio Rank
SCHG Martin Ratio Rank: 2626
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.

XESG.TO vs. SCHG - 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 Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

XESG.TOSCHGDifference
Sharpe ratioReturn per unit of total volatility
2.05
1.24

+0.81

Sortino ratioReturn per unit of downside risk
2.63
1.75

+0.88

Omega ratioGain probability vs. loss probability

1.37

1.22

+0.15

Calmar ratioReturn relative to maximum drawdown

3.01

1.21

+1.80

Martin ratioReturn relative to average drawdown

13.13

3.55

+9.58

XESG.TO vs. SCHG - Sharpe Ratio Comparison

The current XESG.TO Sharpe Ratio is 2.05, which is higher than the SCHG Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of XESG.TO and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XESG.TO vs. SCHG - Drawdown Comparison

The maximum XESG.TO drawdown since its inception was -39.40%, which is greater than SCHG's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for XESG.TO and SCHG.

Loading charts...

Drawdown Indicators

XESG.TOSCHGDifference

Max Drawdown

Largest peak-to-trough decline

-39.40%

-32.68%

-6.72%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-16.70%

+7.42%

Max Drawdown (3Y)

Largest decline over 3 years

-14.14%

-24.01%

+9.87%

Max Drawdown (5Y)

Largest decline over 5 years

-17.82%

-32.68%

+14.86%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.68%

—

Current Drawdown

Current decline from peak

-1.72%

-3.77%

+2.05%

Average Drawdown

Average peak-to-trough decline

-5.06%

-4.79%

-0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.12%

5.68%

-3.56%

Volatility

XESG.TO vs. SCHG - Volatility Comparison

The current volatility for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) is 4.25%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 6.10%. This indicates that XESG.TO experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XESG.TOSCHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

6.10%

-1.85%

Volatility (6M)

Calculated over the trailing 6-month period

11.31%

12.61%

-1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

13.62%

16.28%

-2.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

23.11%

-9.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.93%

22.53%

-0.60%

XESG.TO vs. SCHG - Expense Ratio Comparison

XESG.TO has a 0.16% expense ratio, which is higher than SCHG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XESG.TO vs. SCHG - Dividend Comparison

XESG.TO's dividend yield for the trailing twelve months is around 2.00%, more than SCHG's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHG
Schwab U.S. Large-Cap Growth ETF		0.38%0.36%0.39%0.46%0.55%0.42%0.52%0.82%1.27%1.01%1.04%1.22%
XESG.TO
iShares ESG Aware MSCI Canada Index ETF		2.00%2.17%2.57%2.89%2.77%2.01%2.30%1.08%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XESG.TO and SCHG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCHG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHG is cheaper with a 0.04% expense ratio, compared with 0.16% for XESG.TO.

XESG.TO is categorized as Canada Equities, while SCHG is Large Cap Growth Equities. XESG.TO tracks Morningstar Canada GR CAD, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.16% for XESG.TO and 0.04% for SCHG.

Portfolio Optimizer

Find the right allocation for XESG.TO and SCHG

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer