XIU.TO vs. XESG.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and XESG.TO (iShares ESG Aware MSCI Canada Index ETF) are both Canada Equities funds from iShares - XIU.TO tracks the S&P/TSX 60 Index while XESG.TO tracks the Morningstar Canada GR CAD. Both are passively managed. Over the past 5 years, XIU.TO returned 14.37%/yr vs 12.42%/yr for XESG.TO. Their correlation of 0.89 suggests significant overlap in exposure. XIU.TO charges 0.18%/yr vs 0.16%/yr for XESG.TO.
Performance
XIU.TO vs. XESG.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XIU.TO having a 10.14% return and XESG.TO slightly higher at 10.34%.
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XESG.TO
- 1D
- -0.94%
- 1M
- 3.12%
- YTD
- 10.34%
- 6M
- 9.25%
- 1Y
- 29.31%
- 3Y*
- 20.90%
- 5Y*
- 12.42%
- 10Y*
- —
XIU.TO vs. XESG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 8.55% |
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 10.34% | 26.25% | 20.05% | 10.13% | -7.77% | 22.91% | 4.80% | 15.28% |
Correlation
The correlation between XIU.TO and XESG.TO is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2019 | 0.89 |
The correlation between XIU.TO and XESG.TO has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
XIU.TO vs. XESG.TO - Sectors Allocation Comparison
Sectors
XIU.TO
XESG.TO
Financial Services
Energy
Basic Materials
Technology
Industrials
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
Healthcare
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Financial Services
XIU.TO
XESG.TO
Energy
XIU.TO
XESG.TO
Basic Materials
XIU.TO
XESG.TO
Technology
XIU.TO
XESG.TO
Industrials
XIU.TO
XESG.TO
Consumer Cyclical
XIU.TO
XESG.TO
Consumer Defensive
XIU.TO
XESG.TO
Utilities
XIU.TO
XESG.TO
Communication Services
XIU.TO
XESG.TO
Real Estate
XIU.TO
XESG.TO
Healthcare
XIU.TO
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XESG.TO
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Return for Risk
XIU.TO vs. XESG.TO — Risk / Return Rank
XIU.TO
XESG.TO
XIU.TO vs. XESG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares ESG Aware MSCI Canada Index ETF (XESG.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.
| XIU.TO | XESG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.41 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 3.17 | +0.98 |
| Martin ratioReturn relative to average drawdown | 19.30 | 14.11 | +5.20 |
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
| XIU.TO | XESG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.24 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.92 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.82 | -0.31 |
Drawdowns
XIU.TO vs. XESG.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than XESG.TO's maximum drawdown of -37.36%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XESG.TO.
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Drawdown Indicators
| XIU.TO | XESG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.31% | -37.36% | -14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -9.28% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -14.18% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -17.91% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.94% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -4.55% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.08% | -0.44% |
Volatility
XIU.TO vs. XESG.TO - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) and iShares ESG Aware MSCI Canada Index ETF (XESG.TO) have volatilities of 3.28% and 3.37%, 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
| XIU.TO | XESG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.37% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 10.94% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 13.15% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 13.62% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 16.83% | -1.82% |
XIU.TO vs. XESG.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is higher than XESG.TO's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XIU.TO vs. XESG.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.20%, more than XESG.TO's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 1.96% | 2.13% | 2.45% | 2.74% | 2.63% | 1.88% | 2.15% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
With a correlation of 0.97, XIU.TO and XESG.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XESG.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESG.TO is cheaper with a 0.16% expense ratio, compared with 0.18% for XIU.TO.
XIU.TO tracks S&P/TSX 60 Index, while XESG.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.18% for XIU.TO and 0.16% for XESG.TO.
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