XPF.TO vs. XEQT.TO
XPF.TO (iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged)) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XPF.TO is a Preferred Stock/Convertible Bonds fund tracking the S&P/TSX Preferred Share TR, while XEQT.TO is a Global Equities fund actively managed by iShares. XPF.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XPF.TO returned 2.58%/yr vs 13.72%/yr for XEQT.TO. At a 0.42 correlation, their price movements are largely independent. XPF.TO charges 0.50%/yr vs 0.20%/yr for XEQT.TO.
Performance
XPF.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XPF.TO achieves a 2.67% return, which is significantly lower than XEQT.TO's 12.29% return.
XPF.TO
- 1D
- -0.31%
- 1M
- 0.75%
- YTD
- 2.67%
- 6M
- 3.54%
- 1Y
- 10.25%
- 3Y*
- 10.51%
- 5Y*
- 2.58%
- 10Y*
- 4.08%
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
XPF.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 2.67% | 9.33% | 14.80% | 7.19% | -19.48% | 11.51% | 5.34% | 5.64% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.29% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between XPF.TO and XEQT.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.42 |
The correlation between XPF.TO and XEQT.TO shifts across timeframes, from 0.38 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
XPF.TO vs. XEQT.TO - Sectors Allocation Comparison
Sectors
XPF.TO
XEQT.TO
Financial Services
Technology
Real Estate
Industrials
Utilities
Basic Materials
Communication Services
Healthcare
Consumer Defensive
Consumer Cyclical
Energy
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Financial Services
XPF.TO
XEQT.TO
Technology
XPF.TO
XEQT.TO
Real Estate
XPF.TO
XEQT.TO
Industrials
XPF.TO
XEQT.TO
Utilities
XPF.TO
XEQT.TO
Basic Materials
XPF.TO
XEQT.TO
Communication Services
XPF.TO
XEQT.TO
Healthcare
XPF.TO
XEQT.TO
Consumer Defensive
XPF.TO
XEQT.TO
Consumer Cyclical
XPF.TO
XEQT.TO
Energy
XPF.TO
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XEQT.TO
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Return for Risk
XPF.TO vs. XEQT.TO — Risk / Return Rank
XPF.TO
XEQT.TO
XPF.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.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.
| XPF.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.56 | -0.88 |
| Martin ratioReturn relative to average drawdown | 9.64 | 15.50 | -5.86 |
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
| XPF.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 2.53 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 1.05 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.95 | -0.65 |
Drawdowns
XPF.TO vs. XEQT.TO - Drawdown Comparison
The maximum XPF.TO drawdown since its inception was -43.52%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XPF.TO and XEQT.TO.
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Drawdown Indicators
| XPF.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -29.74% | -13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -8.25% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -15.08% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.67% | -19.56% | -5.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.56% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -4.11% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.89% | -0.82% |
Volatility
XPF.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) (XPF.TO) is 1.62%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XPF.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPF.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 3.70% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 9.38% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 11.63% | -6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 13.12% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 15.56% | -1.11% |
XPF.TO vs. XEQT.TO - Expense Ratio Comparison
XPF.TO has a 0.50% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Dividends
XPF.TO vs. XEQT.TO - Dividend Comparison
XPF.TO's dividend yield for the trailing twelve months is around 5.13%, more than XEQT.TO's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
XPF.TO iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | 5.13% | 5.08% | 5.21% | 5.74% | 5.46% | 4.30% | 4.95% | 5.12% | 4.94% | 4.59% | 5.14% | 5.11% |
Frequently Asked Questions
XPF.TO and XEQT.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.50% for XPF.TO.
XPF.TO is categorized as Preferred Stock/Convertible Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.50% for XPF.TO and 0.20% for XEQT.TO.
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