XGI.TO vs. EQL.TO
XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and EQL.TO (Invesco S&P 500 Equal Weight Index ETF CAD) are both exchange-traded funds - XGI.TO is a Industrials Equities fund tracking the Morningstar Gbl GR CAD, while EQL.TO is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, XGI.TO returned 11.79%/yr vs 16.75%/yr for EQL.TO. A 0.54 correlation means they provide meaningful diversification when combined. XGI.TO charges 0.68%/yr vs 0.25%/yr for EQL.TO.
Performance
XGI.TO vs. EQL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGI.TO achieves a 10.78% return, which is significantly lower than EQL.TO's 11.75% return.
XGI.TO
- 1D
- 0.83%
- 1M
- 0.99%
- YTD
- 10.78%
- 6M
- 12.82%
- 1Y
- 22.09%
- 3Y*
- 19.91%
- 5Y*
- 11.79%
- 10Y*
- 12.01%
EQL.TO
- 1D
- 0.86%
- 1M
- 5.88%
- YTD
- 11.75%
- 6M
- 10.52%
- 1Y
- 22.39%
- 3Y*
- 20.43%
- 5Y*
- 16.75%
- 10Y*
- —
XGI.TO vs. EQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 10.78% | 20.93% | 16.18% | 21.83% | -8.79% | 17.71% | 4.62% | 26.37% | -13.38% |
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 11.75% | 5.94% | 27.38% | 19.69% | 1.21% | 37.03% | 21.67% | 31.63% | -4.48% |
Correlation
The correlation between XGI.TO and EQL.TO is 0.60, 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 | 0.60 |
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 May 31, 2018 | 0.54 |
The correlation between XGI.TO and EQL.TO shifts across timeframes, from 0.50 (3 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
XGI.TO vs. EQL.TO - Sectors Allocation Comparison
Sectors
XGI.TO
EQL.TO
Industrials
Utilities
Technology
Communication Services
Consumer Cyclical
Basic Materials
Financial Services
Consumer Defensive
Energy
-
Healthcare
-
Real Estate
-
Industrials
XGI.TO
EQL.TO
Utilities
XGI.TO
EQL.TO
Technology
XGI.TO
EQL.TO
Communication Services
XGI.TO
EQL.TO
Consumer Cyclical
XGI.TO
EQL.TO
Basic Materials
XGI.TO
EQL.TO
Financial Services
XGI.TO
EQL.TO
Consumer Defensive
XGI.TO
EQL.TO
Energy
XGI.TO
-
EQL.TO
Healthcare
XGI.TO
-
EQL.TO
Real Estate
XGI.TO
-
EQL.TO
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Return for Risk
XGI.TO vs. EQL.TO — Risk / Return Rank
XGI.TO
EQL.TO
XGI.TO vs. EQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.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.
| XGI.TO | EQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.34 | -1.45 |
| Martin ratioReturn relative to average drawdown | 7.71 | 11.93 | -4.22 |
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
| XGI.TO | EQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.88 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.16 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.06 | -0.42 |
Drawdowns
XGI.TO vs. EQL.TO - Drawdown Comparison
The maximum XGI.TO drawdown since its inception was -41.43%, which is greater than EQL.TO's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for XGI.TO and EQL.TO.
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Drawdown Indicators
| XGI.TO | EQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.43% | -30.47% | -10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -6.73% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -17.25% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.04% | -17.60% | -5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -41.43% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | 0.00% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -3.18% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.88% | +0.99% |
Volatility
XGI.TO vs. EQL.TO - Volatility Comparison
iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) has a higher volatility of 4.92% compared to Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) at 3.84%. This indicates that XGI.TO's price experiences larger fluctuations and is considered to be riskier than EQL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGI.TO | EQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.84% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 9.01% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 11.98% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 14.55% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.86% | 17.35% | +1.51% |
XGI.TO vs. EQL.TO - Expense Ratio Comparison
XGI.TO has a 0.68% expense ratio, which is higher than EQL.TO's 0.25% expense ratio.
Dividends
XGI.TO vs. EQL.TO - Dividend Comparison
XGI.TO's dividend yield for the trailing twelve months is around 1.39%, more than EQL.TO's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 1.25% | 1.38% | 5.37% | 8.14% | 8.91% | 7.19% | 9.96% | 8.29% | 1.35% | 0.00% | 0.00% | 0.00% |
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 1.39% | 1.54% | 2.69% | 1.24% | 1.34% | 0.90% | 0.96% | 1.30% | 1.88% | 1.12% | 1.35% | 1.41% |
Frequently Asked Questions
XGI.TO and EQL.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQL.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQL.TO is cheaper with a 0.25% expense ratio, compared with 0.68% for XGI.TO.
XGI.TO is categorized as Industrials Equities, while EQL.TO is S&P 500. XGI.TO tracks Morningstar Gbl GR CAD, while EQL.TO tracks S&P 500 Equal Weight Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.68% for XGI.TO and 0.25% for EQL.TO.
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