XGRO.TO vs. HEQT.TO
XGRO.TO (iShares Core Growth ETF Portfolio) and HEQT.TO (Horizons All-Equity Asset Allocation ETF) are both exchange-traded funds - XGRO.TO is a Diversified Portfolio fund actively managed by iShares, while HEQT.TO is a Global Equities fund actively managed by Horizons. Both are actively managed. Over the past 5 years, XGRO.TO returned 10.89%/yr vs 16.89%/yr for HEQT.TO. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XGRO.TO vs. HEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGRO.TO achieves a 10.70% return, which is significantly lower than HEQT.TO's 14.13% return.
XGRO.TO
- 1D
- 0.29%
- 1M
- 5.00%
- YTD
- 10.70%
- 6M
- 8.71%
- 1Y
- 23.83%
- 3Y*
- 18.10%
- 5Y*
- 10.89%
- 10Y*
- 10.17%
HEQT.TO
- 1D
- 0.50%
- 1M
- 6.41%
- YTD
- 14.13%
- 6M
- 13.38%
- 1Y
- 32.17%
- 3Y*
- 25.88%
- 5Y*
- 16.89%
- 10Y*
- —
XGRO.TO vs. HEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGRO.TO iShares Core Growth ETF Portfolio | 10.70% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 3.41% |
HEQT.TO Horizons All-Equity Asset Allocation ETF | 14.13% | 19.82% | 25.95% | 31.63% | -12.65% | 23.11% | 16.34% | 7.76% |
Correlation
The correlation between XGRO.TO and HEQT.TO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.83 |
The correlation between XGRO.TO and HEQT.TO has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
XGRO.TO vs. HEQT.TO — Risk / Return Rank
XGRO.TO
HEQT.TO
XGRO.TO vs. HEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth ETF Portfolio (XGRO.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.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.
| XGRO.TO | HEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.51 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.81 | -0.45 |
| Martin ratioReturn relative to average drawdown | 14.92 | 16.80 | -1.88 |
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
| XGRO.TO | HEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.70 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.11 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.06 | -0.70 |
Drawdowns
XGRO.TO vs. HEQT.TO - Drawdown Comparison
The maximum XGRO.TO drawdown since its inception was -47.97%, which is greater than HEQT.TO's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for XGRO.TO and HEQT.TO.
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Drawdown Indicators
| XGRO.TO | HEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.97% | -31.82% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -8.49% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -15.33% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -24.25% | +5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.85% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -4.28% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.92% | -0.32% |
Volatility
XGRO.TO vs. HEQT.TO - Volatility Comparison
iShares Core Growth ETF Portfolio (XGRO.TO) and Horizons All-Equity Asset Allocation ETF (HEQT.TO) have volatilities of 3.40% and 3.48%, 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
| XGRO.TO | HEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.48% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 9.68% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 11.96% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 15.33% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.26% | 17.16% | -4.90% |
XGRO.TO vs. HEQT.TO - Expense Ratio Comparison
Both XGRO.TO and HEQT.TO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XGRO.TO vs. HEQT.TO - Dividend Comparison
XGRO.TO's dividend yield for the trailing twelve months is around 1.75%, more than HEQT.TO's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.61% | 1.70% | 3.22% | 7.85% | 7.31% | 0.48% | 1.40% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.75% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
XGRO.TO and HEQT.TO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XGRO.TO and HEQT.TO have the same expense ratio: 0.20% per year.
XGRO.TO is categorized as Diversified Portfolio, while HEQT.TO is Global Equities. They also come from different issuers: iShares and Horizons.
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