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XETM.TO vs. XGRO.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XETM.TO vs. XGRO.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and iShares Core Growth ETF Portfolio (XGRO.TO).

XETM.TO and XGRO.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XETM.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Energy Transition Materials Index. It was launched on Sep 6, 2023. XGRO.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007.

Performance

XETM.TO vs. XGRO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) and iShares Core Growth ETF Portfolio (XGRO.TO). The values are adjusted to include any dividend payments, if applicable.

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XETM.TO vs. XGRO.TO - Yearly Performance Comparison

2026 (YTD)202520242023
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ETF		12.67%74.97%5.16%-2.24%
XGRO.TO
iShares Core Growth ETF Portfolio		1.11%15.59%19.53%5.04%

Returns By Period

In the year-to-date period, XETM.TO achieves a 12.67% return, which is significantly higher than XGRO.TO's 1.11% return.

XETM.TO

1D
2.43%
1M
-12.58%
YTD
12.67%
6M
34.52%
1Y
91.80%
3Y*
—
5Y*
—
10Y*
—

XGRO.TO

1D
0.60%
1M
-3.69%
YTD
1.11%
6M
1.57%
1Y
16.38%
3Y*
14.96%
5Y*
9.36%
10Y*
9.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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iShares S&P/TSX Energy Transition Materials Index ETF

iShares Core Growth ETF Portfolio

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Often compared with XGRO.TO:
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XETM.TO vs. XGRO.TO - Expense Ratio Comparison

XETM.TO has a 0.59% expense ratio, which is higher than XGRO.TO's 0.20% expense ratio.

XETM.TO
iShares S&P/TSX Energy Transition Materials Index ETF
XGRO.TO
iShares Core Growth ETF Portfolio

Return for Risk

XETM.TO vs. XGRO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XETM.TO
XETM.TO Risk / Return Rank: 9090
Overall Rank
XETM.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
XETM.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
XETM.TO Omega Ratio Rank: 9494
Omega Ratio Rank
XETM.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XETM.TO Martin Ratio Rank: 8383
Martin Ratio Rank
XGRO.TO
XGRO.TO Risk / Return Rank: 6767
Overall Rank
XGRO.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XGRO.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
XGRO.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XGRO.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
XGRO.TO Martin Ratio Rank: 7070
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.

XETM.TO vs. XGRO.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 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.

XETM.TOXGRO.TODifference

Sharpe ratio

Return per unit of total volatility

2.10

1.22

+0.88

Sortino ratio

Return per unit of downside risk

2.69

1.72

+0.97

Omega ratio

Gain probability vs. loss probability

1.46

1.26

+0.20

Calmar ratio

Return relative to maximum drawdown

3.37

1.68

+1.69

Martin ratio

Return relative to average drawdown

10.09

7.43

+2.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XETM.TO vs. XGRO.TO - Sharpe Ratio Comparison

The current XETM.TO Sharpe Ratio is 2.10, which is higher than the XGRO.TO Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of XETM.TO and XGRO.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XETM.TOXGRO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

1.22

+0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.87

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

0.33

+0.59

Correlation

The correlation between XETM.TO and XGRO.TO is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XETM.TO vs. XGRO.TO - Dividend Comparison

XETM.TO's dividend yield for the trailing twelve months is around 0.59%, less than XGRO.TO's 1.92% yield.

TTM20252024202320222021202020192018201720162015
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ETF		0.59%0.66%0.69%0.48%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XGRO.TO
iShares Core Growth ETF Portfolio		1.92%1.92%1.98%2.22%1.86%1.66%1.94%2.21%7.42%2.04%2.65%2.15%

Drawdowns

XETM.TO vs. XGRO.TO - Drawdown Comparison

The maximum XETM.TO drawdown since its inception was -33.71%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for XETM.TO and XGRO.TO.

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Drawdown Indicators

XETM.TOXGRO.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.71%

-47.97%

+14.26%

Max Drawdown (1Y)

Largest decline over 1 year

-25.13%

-9.78%

-15.35%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.40%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.85%

—

Current Drawdown

Current decline from peak

-13.05%

-3.80%

-9.25%

Average Drawdown

Average peak-to-trough decline

-8.17%

-8.56%

+0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.10%

2.21%

+6.89%

Volatility

XETM.TO vs. XGRO.TO - Volatility Comparison

iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) has a higher volatility of 15.57% compared to iShares Core Growth ETF Portfolio (XGRO.TO) at 5.73%. This indicates that XETM.TO's price experiences larger fluctuations and is considered to be riskier than XGRO.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.TOXGRO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

15.57%

5.73%

+9.84%

Volatility (6M)

Calculated over the trailing 6-month period

31.12%

8.61%

+22.51%

Volatility (1Y)

Calculated over the trailing 1-year period

43.89%

13.49%

+30.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.71%

10.88%

+23.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.71%

12.20%

+22.51%