XMTM.TO vs. XEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

XMTM.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMTM.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Momentum SR Variant Index. It was launched on Sep 4, 2019. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

XMTM.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

XMTM.TO vs. XEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XMTM.TO iShares MSCI USA Momentum Factor Index ETF	-1.05%	14.02%	43.59%	6.48%	-14.53%	15.01%	25.77%	3.42%
XEQT.TO iShares Core Equity ETF Portfolio	1.51%	19.47%	24.36%	17.25%	-11.01%	18.94%	11.82%	4.57%

Returns By Period

In the year-to-date period, XMTM.TO achieves a -1.05% return, which is significantly lower than XEQT.TO's 1.51% return.

XMTM.TO

• 1D: 3.68%
• 1M: -1.68%
• YTD: -1.05%
• 6M: -6.34%
• 1Y: 15.66%
• 3Y*: 21.86%
• 5Y*: 11.32%
• 10Y*: —

XEQT.TO

• 1D: 0.85%
• 1M: -3.50%
• YTD: 1.51%
• 6M: 2.89%
• 1Y: 21.17%
• 3Y*: 18.44%
• 5Y*: 11.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XMTM.TO vs. XEQT.TO - Expense Ratio Comparison

XMTM.TO has a 0.31% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

XMTM.TO

iShares MSCI USA Momentum Factor Index ETF

XEQT.TO

iShares Core Equity ETF Portfolio

Return for Risk

XMTM.TO vs. XEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMTM.TO

XMTM.TO Risk / Return Rank: 38
XMTM.TO Sharpe Ratio Rank: 35
XMTM.TO Sortino Ratio Rank: 37
XMTM.TO Omega Ratio Rank: 36
XMTM.TO Calmar Ratio Rank: 45
XMTM.TO Martin Ratio Rank: 37

XEQT.TO

XEQT.TO Risk / Return Rank: 72
XEQT.TO Sharpe Ratio Rank: 72
XEQT.TO Sortino Ratio Rank: 71
XEQT.TO Omega Ratio Rank: 74
XEQT.TO Calmar Ratio Rank: 68
XEQT.TO Martin Ratio Rank: 73

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.

XMTM.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) and iShares Core Equity ETF Portfolio (XEQT.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.

	XMTM.TO	XEQT.TO	Difference
Sharpe ratio Return per unit of total volatility	0.69	1.33	-0.64
Sortino ratio Return per unit of downside risk	1.10	1.85	-0.74
Omega ratio Gain probability vs. loss probability	1.15	1.29	-0.13
Calmar ratio Return relative to maximum drawdown	1.25	1.79	-0.54
Martin ratio Return relative to average drawdown	3.49	7.98	-4.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMTM.TO vs. XEQT.TO - Sharpe Ratio Comparison

The current XMTM.TO Sharpe Ratio is 0.69, which is lower than the XEQT.TO Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of XMTM.TO and XEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XMTM.TO	XEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	1.33	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.93	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.86	-0.21

Correlation

The correlation between XMTM.TO and XEQT.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XMTM.TO vs. XEQT.TO - Dividend Comparison

XMTM.TO's dividend yield for the trailing twelve months is around 0.62%, less than XEQT.TO's 1.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
XMTM.TO iShares MSCI USA Momentum Factor Index ETF	0.62%	0.70%	0.62%	0.84%	1.66%	0.33%	0.64%	1.24%
XEQT.TO iShares Core Equity ETF Portfolio	1.64%	1.66%	2.01%	2.07%	2.12%	1.64%	1.66%	1.19%

Drawdowns

XMTM.TO vs. XEQT.TO - Drawdown Comparison

The maximum XMTM.TO drawdown since its inception was -29.01%, roughly equal to the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XMTM.TO and XEQT.TO.

Drawdown Indicators

	XMTM.TO	XEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.01%	-29.74%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	-11.78%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-29.01%	-19.56%	-9.45%
Current Drawdown Current decline from peak	-7.42%	-4.27%	-3.15%
Average Drawdown Average peak-to-trough decline	-8.14%	-4.20%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	2.64%	+1.78%

Volatility

XMTM.TO vs. XEQT.TO - Volatility Comparison

iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) has a higher volatility of 7.19% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 5.77%. This indicates that XMTM.TO's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMTM.TO	XEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	5.77%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	13.57%	9.49%	+4.08%
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	15.99%	+6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	13.03%	+5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	15.63%	+4.27%