PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XGI.TO vs. XEI.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XGI.TO vs. XEI.TO

Last updated Jun 4, 2026

XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) are both exchange-traded funds - XGI.TO is a Industrials Equities fund tracking the Morningstar Gbl GR CAD, while XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 10 years, XGI.TO returned 11.98%/yr vs 12.32%/yr for XEI.TO. At a 0.40 correlation, their price movements are largely independent. XGI.TO charges 0.68%/yr vs 0.22%/yr for XEI.TO.

Performance

XGI.TO vs. XEI.TO - 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 S&P/TSX Composite High Dividend Index ETF (XEI.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XGI.TO achieves a 9.86% return, which is significantly lower than XEI.TO's 22.21% return. Both investments have delivered pretty close results over the past 10 years, with XGI.TO having a 11.98% annualized return and XEI.TO not far ahead at 12.32%.

XGI.TO

1D
0.07%
1M
1.11%
YTD
9.86%
6M
12.77%
1Y
21.48%
3Y*
19.75%
5Y*
11.60%
10Y*
11.98%

XEI.TO

1D
0.00%
1M
3.33%
YTD
22.21%
6M
23.56%
1Y
43.59%
3Y*
22.26%
5Y*
15.55%
10Y*
12.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGI.TO vs. XEI.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		9.86%20.93%16.18%21.83%-8.79%17.71%4.62%26.37%-13.97%20.21%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		22.21%25.96%15.42%6.69%0.41%35.88%-7.53%25.44%-10.85%7.24%

Correlation

The correlation between XGI.TO and XEI.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

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

0.38

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

0.47

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

0.46

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

0.40

The correlation between XGI.TO and XEI.TO shifts across timeframes, from 0.31 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

XGI.TO vs. XEI.TO - Sectors Allocation Comparison

Sectors
XGI.TO
XEI.TO

Industrials

87.6%
0.7%

Utilities

2.9%
11.2%

Technology

2.1%
0.7%

Communication Services

0.8%
7.6%

Consumer Cyclical

0.6%
6.2%

Basic Materials

0.2%
4.6%

Financial Services

0.1%
31.4%

Consumer Defensive

0.1%
0.5%

Energy

-

32.1%

Healthcare

-

0.2%

Real Estate

-

4.8%

Industrials

XGI.TO
87.6%
XEI.TO
0.7%

Utilities

XGI.TO
2.9%
XEI.TO
11.2%

Technology

XGI.TO
2.1%
XEI.TO
0.7%

Communication Services

XGI.TO
0.8%
XEI.TO
7.6%

Consumer Cyclical

XGI.TO
0.6%
XEI.TO
6.2%

Basic Materials

XGI.TO
0.2%
XEI.TO
4.6%

Financial Services

XGI.TO
0.1%
XEI.TO
31.4%

Consumer Defensive

XGI.TO
0.1%
XEI.TO
0.5%

Energy

XGI.TO

-

XEI.TO
32.1%

Healthcare

XGI.TO

-

XEI.TO
0.2%

Real Estate

XGI.TO

-

XEI.TO
4.8%

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 S&P/TSX Composite High Dividend Index 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 XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

XGI.TO vs. XEI.TO — 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: 4242
Overall Rank
XGI.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
XGI.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
XGI.TO Omega Ratio Rank: 4444
Omega Ratio Rank
XGI.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
XGI.TO Martin Ratio Rank: 4545
Martin Ratio Rank
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
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. XEI.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 iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.TOXEI.TODifference
Sharpe ratioReturn per unit of total volatility
1.47
6.08

-4.60

Sortino ratioReturn per unit of downside risk
2.22
9.07

-6.85

Omega ratioGain probability vs. loss probability

1.28

2.27

-0.99

Calmar ratioReturn relative to maximum drawdown

1.84

19.53

-17.69

Martin ratioReturn relative to average drawdown

7.50

66.28

-58.78

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. XEI.TO - Sharpe Ratio Comparison

The current XGI.TO Sharpe Ratio is 1.47, which is lower than the XEI.TO Sharpe Ratio of 6.08. The chart below compares the historical Sharpe Ratios of XGI.TO and XEI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

XGI.TOXEI.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.47

6.08

-4.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

1.39

-0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.77

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.67

-0.03

Drawdowns

XGI.TO vs. XEI.TO - Drawdown Comparison

The maximum XGI.TO drawdown since its inception was -41.43%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for XGI.TO and XEI.TO.

Loading charts...

Drawdown Indicators

XGI.TOXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.43%

-45.51%

+4.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-2.24%

-9.50%

Max Drawdown (3Y)

Largest decline over 3 years

-16.14%

-9.92%

-6.22%

Max Drawdown (5Y)

Largest decline over 5 years

-23.04%

-17.32%

-5.72%

Max Drawdown (10Y)

Largest decline over 10 years

-41.43%

-45.51%

+4.08%

Current Drawdown

Current decline from peak

-2.59%

-0.76%

-1.83%

Average Drawdown

Average peak-to-trough decline

-4.94%

-5.05%

+0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

0.66%

+2.21%

Volatility

XGI.TO vs. XEI.TO - Volatility Comparison

iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) has a higher volatility of 4.94% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.87%. This indicates that XGI.TO's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XGI.TOXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

2.87%

+2.07%

Volatility (6M)

Calculated over the trailing 6-month period

12.55%

6.01%

+6.54%

Volatility (1Y)

Calculated over the trailing 1-year period

14.66%

7.21%

+7.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.30%

11.24%

+5.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.86%

16.01%

+2.85%

XGI.TO vs. XEI.TO - Expense Ratio Comparison

XGI.TO has a 0.68% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.

Dividends

XGI.TO vs. XEI.TO - Dividend Comparison

XGI.TO's dividend yield for the trailing twelve months is around 1.40%, less than XEI.TO's 3.56% yield.

PositionTTM20252024202320222021202020192018201720162015
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.56%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		1.40%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 XEI.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEI.TO is cheaper with a 0.22% expense ratio, compared with 0.68% for XGI.TO.

XGI.TO is categorized as Industrials Equities, while XEI.TO is Canada Equities. XGI.TO tracks Morningstar Gbl GR CAD, while XEI.TO tracks S&P/TSX Composite High Dividend Index. Their fees differ too: 0.68% for XGI.TO and 0.22% for XEI.TO.

Portfolio Optimizer

Find the right allocation for XGI.TO and XEI.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