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XGI.TO vs. EXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGI.TO vs. EXI

Last updated Jun 5, 2026

XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and EXI (iShares Global Industrials ETF) are both Industrials Equities funds from iShares - XGI.TO tracks the Morningstar Gbl GR CAD while EXI tracks the S&P Global 1200 / Industrials -SEC. Both are passively managed. Over the past 10 years, XGI.TO returned 12.01%/yr vs 13.37%/yr for EXI. A 0.53 correlation means they provide meaningful diversification when combined. XGI.TO charges 0.68%/yr vs 0.43%/yr for EXI.

Performance

XGI.TO vs. EXI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and iShares Global Industrials ETF (EXI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XGI.TO is traded in CAD, while EXI is traded in USD. To make them comparable, the EXI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XGI.TO achieves a 10.78% return, which is significantly lower than EXI's 13.33% return. Over the past 10 years, XGI.TO has underperformed EXI with an annualized return of 12.01%, while EXI has yielded a comparatively higher 13.37% annualized 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%

EXI

1D
0.92%
1M
2.57%
YTD
13.33%
6M
12.76%
1Y
24.75%
3Y*
22.55%
5Y*
14.55%
10Y*
13.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGI.TO vs. EXI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%-13.97%20.21%
EXI
iShares Global Industrials ETF		13.33%20.11%22.13%19.35%-6.11%16.31%9.45%20.88%-7.16%17.19%

Correlation

The correlation between XGI.TO and EXI is 0.74, 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

0.74

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

0.61

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

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2013

0.53

Over the past year, XGI.TO and EXI have become more correlated (0.74) than their long-term average of 0.53, meaning their price movements have been converging.

XGI.TO vs. EXI - Sectors Allocation Comparison

Sectors
XGI.TO
EXI

Industrials

87.6%
92.8%

Utilities

2.9%
2.9%

Technology

2.1%
2.7%

Communication Services

0.8%
0.6%

Consumer Cyclical

0.6%
0.6%

Basic Materials

0.2%
0.2%

Financial Services

0.1%
0.1%

Consumer Defensive

0.1%
0.1%

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Industrials

XGI.TO
87.6%
EXI
92.8%

Utilities

XGI.TO
2.9%
EXI
2.9%

Technology

XGI.TO
2.1%
EXI
2.7%

Communication Services

XGI.TO
0.8%
EXI
0.6%

Consumer Cyclical

XGI.TO
0.6%
EXI
0.6%

Basic Materials

XGI.TO
0.2%
EXI
0.2%

Financial Services

XGI.TO
0.1%
EXI
0.1%

Consumer Defensive

XGI.TO
0.1%
EXI
0.1%

Energy

XGI.TO

-

EXI

-

Healthcare

XGI.TO

-

EXI

-

Real Estate

XGI.TO

-

EXI

-

Compare stocks, funds, or ETFs

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

iShares S&P Global Industrials Index ETF (CAD-Hedged)

iShares Global Industrials ETF

Often compared with XGI.TO:
XGI.TO vs. CEW.TOXGI.TO vs. SPGIXGI.TO vs. CIF.TOXGI.TO vs. XUU.TOXGI.TO vs. XDIV.TOXGI.TO vs. ZDJ.TOXGI.TO vs. ZUT.TO
Often compared with EXI:
EXI vs. XLIEXI vs. FIDUEXI vs. IYJEXI vs. PSCCEXI vs. KXIEXI vs. SPYEXI vs. IEFA

Return for Risk

XGI.TO vs. EXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XGI.TO
XGI.TO Risk / Return Rank: 4545
Overall Rank
XGI.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XGI.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XGI.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XGI.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XGI.TO Martin Ratio Rank: 4747
Martin Ratio Rank
EXI
EXI Risk / Return Rank: 4242
Overall Rank
EXI Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
EXI Sortino Ratio Rank: 4343
Sortino Ratio Rank
EXI Omega Ratio Rank: 4141
Omega Ratio Rank
EXI Calmar Ratio Rank: 3838
Calmar Ratio Rank
EXI Martin Ratio Rank: 4646
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.

XGI.TO vs. EXI - 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 iShares Global Industrials ETF (EXI). 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.TOEXIDifference
Sharpe ratioReturn per unit of total volatility
1.51
1.63

-0.11

Sortino ratioReturn per unit of downside risk
2.27
2.39

-0.12

Omega ratioGain probability vs. loss probability

1.29

1.30

-0.01

Calmar ratioReturn relative to maximum drawdown

1.89

2.32

-0.43

Martin ratioReturn relative to average drawdown

7.71

8.95

-1.24

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

XGI.TO vs. EXI - Sharpe Ratio Comparison

The current XGI.TO Sharpe Ratio is 1.51, which is comparable to the EXI Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of XGI.TO and EXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XGI.TOEXIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

1.63

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

1.00

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.83

-0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.90

-0.26

Drawdowns

XGI.TO vs. EXI - Drawdown Comparison

The maximum XGI.TO drawdown since its inception was -41.43%, which is greater than EXI's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for XGI.TO and EXI.

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Drawdown Indicators

XGI.TOEXIDifference

Max Drawdown

Largest peak-to-trough decline

-41.43%

-33.89%

-7.54%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-10.71%

-1.03%

Max Drawdown (3Y)

Largest decline over 3 years

-16.14%

-14.71%

-1.43%

Max Drawdown (5Y)

Largest decline over 5 years

-23.04%

-21.61%

-1.43%

Max Drawdown (10Y)

Largest decline over 10 years

-41.43%

-33.89%

-7.54%

Current Drawdown

Current decline from peak

-1.78%

-0.38%

-1.40%

Average Drawdown

Average peak-to-trough decline

-4.94%

-4.08%

-0.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

2.77%

+0.10%

Volatility

XGI.TO vs. EXI - Volatility Comparison

iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and iShares Global Industrials ETF (EXI) have volatilities of 4.92% and 5.00%, 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.

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Volatility by Period

XGI.TOEXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

5.00%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

12.56%

12.92%

-0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

14.66%

15.29%

-0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.31%

14.57%

+1.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.86%

16.12%

+2.74%

XGI.TO vs. EXI - Expense Ratio Comparison

XGI.TO has a 0.68% expense ratio, which is higher than EXI's 0.43% expense ratio.

Dividends

XGI.TO vs. EXI - Dividend Comparison

XGI.TO's dividend yield for the trailing twelve months is around 1.39%, more than EXI's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
EXI
iShares Global Industrials ETF		1.18%1.32%1.47%1.84%1.63%1.42%1.26%1.72%2.21%1.48%1.75%1.95%
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 EXI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EXI is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EXI is cheaper with a 0.43% expense ratio, compared with 0.68% for XGI.TO.

XGI.TO tracks Morningstar Gbl GR CAD, while EXI tracks S&P Global 1200 / Industrials -SEC. Their fees differ too: 0.68% for XGI.TO and 0.43% for EXI.

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