XETM.TO vs. UTIL.TO
XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) and UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) are both exchange-traded funds - XETM.TO is a Materials fund tracking the S&P/TSX Energy Transition Materials Index, while UTIL.TO is a Utilities Equities fund tracking the Mirae Asset Equal Weight Canadian Utilities Index. Both are passively managed. Over the past year, XETM.TO returned 132.04% vs 26.91% for UTIL.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
XETM.TO vs. UTIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XETM.TO achieves a 27.20% return, which is significantly higher than UTIL.TO's 17.98% return.
XETM.TO
- 1D
- -4.12%
- 1M
- 14.61%
- YTD
- 27.20%
- 6M
- 37.88%
- 1Y
- 132.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTIL.TO
- 1D
- -0.53%
- 1M
- 5.15%
- YTD
- 17.98%
- 6M
- 15.99%
- 1Y
- 26.91%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
XETM.TO vs. UTIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 27.20% | 74.97% | 5.16% | -2.24% |
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF | 17.98% | 19.08% | 8.82% | 4.07% |
Correlation
The correlation between XETM.TO and UTIL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.12 |
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Return for Risk
XETM.TO vs. UTIL.TO — Risk / Return Rank
XETM.TO
UTIL.TO
XETM.TO vs. UTIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and Global X Equal Weight Canadian Utilities Index ETF (UTIL.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.
| XETM.TO | UTIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.56 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | 5.86 | -0.57 |
| Martin ratioReturn relative to average drawdown | 18.31 | 16.26 | +2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XETM.TO | UTIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.35 | 2.82 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.61 | +0.40 |
Drawdowns
XETM.TO vs. UTIL.TO - Drawdown Comparison
The maximum XETM.TO drawdown since its inception was -33.71%, which is greater than UTIL.TO's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for XETM.TO and UTIL.TO.
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Drawdown Indicators
| XETM.TO | UTIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -25.61% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -4.62% | -20.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.44% | — |
Current DrawdownCurrent decline from peak | -4.12% | -1.15% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -7.89% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.24% | 1.67% | +5.57% |
Volatility
XETM.TO vs. UTIL.TO - Volatility Comparison
iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) has a higher volatility of 13.89% compared to Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) at 3.44%. This indicates that XETM.TO's price experiences larger fluctuations and is considered to be riskier than UTIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XETM.TO | UTIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.89% | 3.44% | +10.45% |
Volatility (6M)Calculated over the trailing 6-month period | 31.22% | 7.87% | +23.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 9.60% | +30.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.24% | 12.55% | +22.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.24% | 12.55% | +22.69% |
Dividends
XETM.TO vs. UTIL.TO - Dividend Comparison
XETM.TO's dividend yield for the trailing twelve months is around 0.52%, less than UTIL.TO's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF | 3.39% | 4.07% | 4.38% | 4.45% | 1.87% |
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 0.52% | 0.66% | 0.69% | 0.48% | 0.00% |
Frequently Asked Questions
XETM.TO and UTIL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XETM.TO is categorized as Materials, while UTIL.TO is Utilities Equities. XETM.TO tracks S&P/TSX Energy Transition Materials Index, while UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index. They also come from different issuers: iShares and Global X.
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