PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XSEM.TO vs. ESGE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSEM.TO vs. ESGE

Last updated Jun 24, 2026

XSEM.TO (iShares ESG Aware MSCI Emerging Markets Index ETF) and ESGE (iShares ESG Aware MSCI EM ETF) are both Emerging Markets Equities funds from iShares - XSEM.TO tracks the Morningstar EM GR CAD while ESGE tracks the MSCI EM Extended ESG Focus Index. Both are passively managed. Over the past 5 years, XSEM.TO returned 8.33%/yr vs 9.28%/yr for ESGE. A 0.70 correlation means they provide meaningful diversification when combined. XSEM.TO charges 0.32%/yr vs 0.25%/yr for ESGE.

Performance

XSEM.TO vs. ESGE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) and iShares ESG Aware MSCI EM ETF (ESGE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XSEM.TO is traded in CAD, while ESGE is traded in USD. To make them comparable, the ESGE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XSEM.TO achieves a 24.53% return, which is significantly lower than ESGE's 26.41% return.

XSEM.TO

1D
-4.96%
1M
6.56%
YTD
24.53%
6M
23.42%
1Y
44.88%
3Y*
24.06%
5Y*
8.33%
10Y*
—

ESGE

1D
-5.72%
1M
5.69%
YTD
26.41%
6M
27.12%
1Y
45.58%
3Y*
25.77%
5Y*
9.28%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSEM.TO vs. ESGE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XSEM.TO
iShares ESG Aware MSCI Emerging Markets Index ETF		24.53%27.51%14.79%7.01%-17.30%-3.60%15.64%5.18%
ESGE
iShares ESG Aware MSCI EM ETF		26.41%29.66%15.65%6.90%-17.49%-2.91%15.78%4.97%

Correlation

The correlation between XSEM.TO and ESGE is 0.85, 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

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2019

0.70

The correlation between XSEM.TO and ESGE shifts across timeframes, from 0.70 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

XSEM.TO vs. ESGE - Sectors Allocation Comparison

Sectors
XSEM.TO
ESGE

Technology

44.1%
43.9%

Financial Services

22.1%
22.0%

Consumer Cyclical

7.6%
7.5%

Communication Services

7.4%
7.4%

Industrials

5.2%
5.7%

Basic Materials

4.8%
5.0%

Healthcare

2.5%
2.2%

Consumer Defensive

2.0%
2.1%

Energy

1.9%
1.9%

Utilities

1.3%
1.3%

Real Estate

1.0%
1.0%

Technology

XSEM.TO
44.1%
ESGE
43.9%

Financial Services

XSEM.TO
22.1%
ESGE
22.0%

Consumer Cyclical

XSEM.TO
7.6%
ESGE
7.5%

Communication Services

XSEM.TO
7.4%
ESGE
7.4%

Industrials

XSEM.TO
5.2%
ESGE
5.7%

Basic Materials

XSEM.TO
4.8%
ESGE
5.0%

Healthcare

XSEM.TO
2.5%
ESGE
2.2%

Consumer Defensive

XSEM.TO
2.0%
ESGE
2.1%

Energy

XSEM.TO
1.9%
ESGE
1.9%

Utilities

XSEM.TO
1.3%
ESGE
1.3%

Real Estate

XSEM.TO
1.0%
ESGE
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Aware MSCI Emerging Markets Index ETF

iShares ESG Aware MSCI EM ETF

Often compared with XSEM.TO:
XSEM.TO vs. XDSR.TOXSEM.TO vs. XEQT.TOXSEM.TO vs. XMM.TOXSEM.TO vs. XEC.TOXSEM.TO vs. XEF.TOXSEM.TO vs. VE.TOXSEM.TO vs. ZEM.TO
Often compared with ESGE:
ESGE vs. ESGUESGE vs. IEMGESGE vs. SPEMESGE vs. EEMXESGE vs. NUEMESGE vs. SUSLESGE vs. FNDE

Return for Risk

XSEM.TO vs. ESGE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSEM.TO
XSEM.TO Risk / Return Rank: 6969
Overall Rank
XSEM.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XSEM.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
XSEM.TO Omega Ratio Rank: 6969
Omega Ratio Rank
XSEM.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
XSEM.TO Martin Ratio Rank: 7272
Martin Ratio Rank
ESGE
ESGE Risk / Return Rank: 6565
Overall Rank
ESGE Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
ESGE Sortino Ratio Rank: 5757
Sortino Ratio Rank
ESGE Omega Ratio Rank: 6868
Omega Ratio Rank
ESGE Calmar Ratio Rank: 6868
Calmar Ratio Rank
ESGE Martin Ratio Rank: 7070
Martin Ratio Rank
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.

XSEM.TO vs. ESGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) and iShares ESG Aware MSCI EM ETF (ESGE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XSEM.TOESGEDifference
Sharpe ratioReturn per unit of total volatility
2.03
2.15

-0.12

Sortino ratioReturn per unit of downside risk
2.64
2.76

-0.12

Omega ratioGain probability vs. loss probability

1.38

1.40

-0.02

Calmar ratioReturn relative to maximum drawdown

3.67

3.92

-0.25

Martin ratioReturn relative to average drawdown

12.71

13.74

-1.03

XSEM.TO vs. ESGE - Sharpe Ratio Comparison

The current XSEM.TO Sharpe Ratio is 2.03, which is comparable to the ESGE Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of XSEM.TO and ESGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XSEM.TO vs. ESGE - Drawdown Comparison

The maximum XSEM.TO drawdown since its inception was -37.09%, roughly equal to the maximum ESGE drawdown of -36.73%. Use the drawdown chart below to compare losses from any high point for XSEM.TO and ESGE.

Loading charts...

Drawdown Indicators

XSEM.TOESGEDifference

Max Drawdown

Largest peak-to-trough decline

-37.09%

-36.73%

-0.36%

Max Drawdown (1Y)

Largest decline over 1 year

-12.30%

-12.65%

+0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-15.18%

-15.32%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-33.24%

-32.54%

-0.70%

Current Drawdown

Current decline from peak

-4.96%

-5.72%

+0.76%

Average Drawdown

Average peak-to-trough decline

-13.14%

-11.37%

-1.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.54%

3.60%

-0.06%

Volatility

XSEM.TO vs. ESGE - Volatility Comparison

The current volatility for iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) is 11.64%, while iShares ESG Aware MSCI EM ETF (ESGE) has a volatility of 12.75%. This indicates that XSEM.TO experiences smaller price fluctuations and is considered to be less risky than ESGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XSEM.TOESGEDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.64%

12.75%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

20.23%

20.99%

-0.76%

Volatility (1Y)

Calculated over the trailing 1-year period

22.19%

23.07%

-0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.74%

20.67%

-2.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.66%

21.27%

-2.61%

XSEM.TO vs. ESGE - Expense Ratio Comparison

XSEM.TO has a 0.32% expense ratio, which is higher than ESGE's 0.25% expense ratio.

Dividends

XSEM.TO vs. ESGE - Dividend Comparison

XSEM.TO's dividend yield for the trailing twelve months is around 1.43%, less than ESGE's 2.12% yield.

PositionTTM2025202420232022202120202019201820172016
ESGE
iShares ESG Aware MSCI EM ETF		2.12%2.50%2.41%2.64%2.68%2.66%1.31%2.59%2.19%1.86%0.27%
XSEM.TO
iShares ESG Aware MSCI Emerging Markets Index ETF		1.43%1.78%2.08%1.10%2.25%2.45%1.14%2.41%0.00%0.00%0.00%

Frequently Asked Questions

XSEM.TO and ESGE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ESGE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ESGE is cheaper with a 0.25% expense ratio, compared with 0.32% for XSEM.TO.

XSEM.TO tracks Morningstar EM GR CAD, while ESGE tracks MSCI EM Extended ESG Focus Index. Their fees differ too: 0.32% for XSEM.TO and 0.25% for ESGE.

Portfolio Optimizer

Find the right allocation for XSEM.TO and ESGE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer