XESG.TO vs. XGRO.TO
XESG.TO (iShares ESG Aware MSCI Canada Index ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - XESG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XGRO.TO is a Diversified Portfolio fund actively managed by iShares. XESG.TO is passively managed, while XGRO.TO is actively managed. Over the past 5 years, XESG.TO returned 12.42%/yr vs 10.83%/yr for XGRO.TO. A 0.74 correlation means they provide meaningful diversification when combined. XESG.TO charges 0.16%/yr vs 0.20%/yr for XGRO.TO.
Performance
XESG.TO vs. XGRO.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with XESG.TO having a 10.34% return and XGRO.TO slightly higher at 10.38%.
XESG.TO
- 1D
- -0.94%
- 1M
- 3.12%
- YTD
- 10.34%
- 6M
- 9.25%
- 1Y
- 29.31%
- 3Y*
- 20.90%
- 5Y*
- 12.42%
- 10Y*
- —
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
XESG.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 10.34% | 26.25% | 20.05% | 10.13% | -7.77% | 22.91% | 4.80% | 15.28% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 8.18% |
Correlation
The correlation between XESG.TO and XGRO.TO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2019 | 0.74 |
The correlation between XESG.TO and XGRO.TO has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
XESG.TO vs. XGRO.TO - Sectors Allocation Comparison
Sectors
XESG.TO
XGRO.TO
Financial Services
Energy
Basic Materials
Industrials
Technology
Utilities
Consumer Cyclical
Consumer Defensive
Real Estate
Communication Services
Healthcare
Financial Services
XESG.TO
XGRO.TO
Energy
XESG.TO
XGRO.TO
Basic Materials
XESG.TO
XGRO.TO
Industrials
XESG.TO
XGRO.TO
Technology
XESG.TO
XGRO.TO
Utilities
XESG.TO
XGRO.TO
Consumer Cyclical
XESG.TO
XGRO.TO
Consumer Defensive
XESG.TO
XGRO.TO
Real Estate
XESG.TO
XGRO.TO
Communication Services
XESG.TO
XGRO.TO
Healthcare
XESG.TO
XGRO.TO
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XESG.TO vs. XGRO.TO — Risk / Return Rank
XESG.TO
XGRO.TO
XESG.TO vs. XGRO.TO - 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 iShares Core Growth ETF Portfolio (XGRO.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.
| XESG.TO | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 3.30 | -0.13 |
| Martin ratioReturn relative to average drawdown | 14.11 | 14.67 | -0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XESG.TO | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.18 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.99 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.35 | +0.47 |
Drawdowns
XESG.TO vs. XGRO.TO - Drawdown Comparison
The maximum XESG.TO drawdown since its inception was -37.36%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for XESG.TO and XGRO.TO.
Loading charts...
Drawdown Indicators
| XESG.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.36% | -47.97% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -7.12% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | -12.47% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -18.40% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.85% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.18% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -8.49% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.60% | +0.48% |
Volatility
XESG.TO vs. XGRO.TO - Volatility Comparison
iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and iShares Core Growth ETF Portfolio (XGRO.TO) have volatilities of 3.37% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XESG.TO | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.43% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 9.19% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 10.78% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 11.05% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 12.26% | +4.57% |
XESG.TO vs. XGRO.TO - Expense Ratio Comparison
XESG.TO has a 0.16% expense ratio, which is lower than XGRO.TO's 0.20% 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
XESG.TO vs. XGRO.TO - Dividend Comparison
XESG.TO's dividend yield for the trailing twelve months is around 1.96%, more than XGRO.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 1.96% | 2.13% | 2.45% | 2.74% | 2.63% | 1.88% | 2.15% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
XESG.TO and XGRO.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESG.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESG.TO is cheaper with a 0.16% expense ratio, compared with 0.20% for XGRO.TO.
XESG.TO is categorized as Canada Equities, while XGRO.TO is Diversified Portfolio. Their fees differ too: 0.16% for XESG.TO and 0.20% for XGRO.TO.
Find the right allocation for XESG.TO and XGRO.TO
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