XMAG vs. EQL.TO
Compare and contrast key facts about Defiance Large Cap ex-Mag 7 ETF (XMAG) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO).
XMAG and EQL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMAG is a passively managed fund by Defiance that tracks the performance of the BITA US 500 ex Magnificent 7 Index. It was launched on Oct 21, 2024. EQL.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on May 29, 2018. Both XMAG and EQL.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XMAG vs. EQL.TO - Performance Comparison
Loading graphics...
XMAG vs. EQL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XMAG Defiance Large Cap ex-Mag 7 ETF | -1.15% | 15.63% | -1.67% |
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 0.81% | 11.02% | -2.30% |
Different Trading Currencies
XMAG is traded in USD, while EQL.TO is traded in CAD. To make them comparable, the EQL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMAG achieves a -1.15% return, which is significantly lower than EQL.TO's 0.81% return.
XMAG
- 1D
- 0.42%
- 1M
- -4.41%
- YTD
- -1.15%
- 6M
- 0.87%
- 1Y
- 14.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQL.TO
- 1D
- 0.33%
- 1M
- -5.53%
- YTD
- 0.81%
- 6M
- 1.93%
- 1Y
- 12.59%
- 3Y*
- 15.21%
- 5Y*
- 12.88%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XMAG vs. EQL.TO - Expense Ratio Comparison
XMAG has a 0.35% expense ratio, which is higher than EQL.TO's 0.25% expense ratio.
Return for Risk
XMAG vs. EQL.TO — Risk / Return Rank
XMAG
EQL.TO
XMAG vs. EQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Large Cap ex-Mag 7 ETF (XMAG) 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.
| XMAG | EQL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.72 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.12 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.98 | +0.25 |
Martin ratioReturn relative to average drawdown | 5.95 | 4.39 | +1.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| XMAG | EQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.72 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.82 | -0.27 |
Correlation
The correlation between XMAG and EQL.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XMAG vs. EQL.TO - Dividend Comparison
XMAG's dividend yield for the trailing twelve months is around 0.52%, less than EQL.TO's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XMAG Defiance Large Cap ex-Mag 7 ETF | 0.52% | 0.51% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQL.TO Invesco S&P 500 Equal Weight Index ETF CAD | 1.37% | 1.38% | 5.37% | 8.14% | 8.91% | 7.19% | 9.96% | 8.29% | 1.35% |
Drawdowns
XMAG vs. EQL.TO - Drawdown Comparison
The maximum XMAG drawdown since its inception was -16.17%, smaller than the maximum EQL.TO drawdown of -36.62%. Use the drawdown chart below to compare losses from any high point for XMAG and EQL.TO.
Loading graphics...
Drawdown Indicators
| XMAG | EQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -30.47% | +14.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -13.01% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -4.51% | -4.13% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.23% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 3.43% | -1.10% |
Volatility
XMAG vs. EQL.TO - Volatility Comparison
Defiance Large Cap ex-Mag 7 ETF (XMAG) and Invesco S&P 500 Equal Weight Index ETF CAD (EQL.TO) have volatilities of 4.56% and 4.46%, 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.
Loading graphics...
Volatility by Period
| XMAG | EQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 4.46% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 9.31% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.33% | 17.63% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 16.70% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 19.79% | -4.33% |