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

XSEM.TO vs. ESGE

Last updated Jun 4, 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 9.59%/yr vs 9.88%/yr for ESGE. A 0.79 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.

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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

The year-to-date returns for both investments are quite close, with XSEM.TO having a 28.13% return and ESGE slightly higher at 28.47%.

XSEM.TO

1D
-0.86%
1M
12.07%
YTD
28.13%
6M
29.29%
1Y
57.34%
3Y*
25.23%
5Y*
9.59%
10Y*
—

ESGE

1D
-0.83%
1M
11.55%
YTD
28.47%
6M
28.71%
1Y
57.02%
3Y*
25.57%
5Y*
9.88%
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		28.13%30.16%14.82%7.04%-17.24%-3.58%15.66%5.23%
ESGE
iShares ESG Aware MSCI EM ETF		28.47%29.63%15.79%7.09%-16.88%-3.74%16.59%5.61%

Correlation

The correlation between XSEM.TO and ESGE is 0.92, 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

0.92

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

0.91

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

0.90

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2019

0.79

The correlation between XSEM.TO and ESGE shifts across timeframes, from 0.79 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

XSEM.TO vs. ESGE - Sectors Allocation Comparison

Sectors
XSEM.TO
ESGE

Technology

37.0%
43.4%

Financial Services

24.1%
20.9%

Consumer Cyclical

9.7%
8.3%

Communication Services

8.4%
7.2%

Industrials

5.6%
4.7%

Basic Materials

4.5%
4.1%

Healthcare

2.8%
2.4%

Energy

2.7%
2.2%

Consumer Defensive

2.3%
2.1%

Utilities

1.7%
1.5%

Real Estate

1.2%
1.1%

Technology

XSEM.TO
37.0%
ESGE
43.4%

Financial Services

XSEM.TO
24.1%
ESGE
20.9%

Consumer Cyclical

XSEM.TO
9.7%
ESGE
8.3%

Communication Services

XSEM.TO
8.4%
ESGE
7.2%

Industrials

XSEM.TO
5.6%
ESGE
4.7%

Basic Materials

XSEM.TO
4.5%
ESGE
4.1%

Healthcare

XSEM.TO
2.8%
ESGE
2.4%

Energy

XSEM.TO
2.7%
ESGE
2.2%

Consumer Defensive

XSEM.TO
2.3%
ESGE
2.1%

Utilities

XSEM.TO
1.7%
ESGE
1.5%

Real Estate

XSEM.TO
1.2%
ESGE
1.1%

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. XMM.TOXSEM.TO vs. XEQT.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: 8585
Overall Rank
XSEM.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XSEM.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
XSEM.TO Omega Ratio Rank: 8686
Omega Ratio Rank
XSEM.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XSEM.TO Martin Ratio Rank: 8383
Martin Ratio Rank
ESGE
ESGE Risk / Return Rank: 8080
Overall Rank
ESGE Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ESGE Sortino Ratio Rank: 7878
Sortino Ratio Rank
ESGE Omega Ratio Rank: 8282
Omega Ratio Rank
ESGE Calmar Ratio Rank: 7777
Calmar Ratio Rank
ESGE Martin Ratio Rank: 7979
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.

XSEM.TOESGEDifference
Sharpe ratioReturn per unit of total volatility
2.96
2.97

-0.01

Sortino ratioReturn per unit of downside risk
3.78
3.88

-0.10

Omega ratioGain probability vs. loss probability

1.54

1.56

-0.02

Calmar ratioReturn relative to maximum drawdown

4.69

4.65

+0.04

Martin ratioReturn relative to average drawdown

17.06

16.93

+0.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSEM.TO vs. ESGE - Sharpe Ratio Comparison

The current XSEM.TO Sharpe Ratio is 2.96, which is comparable to the ESGE Sharpe Ratio of 2.97. 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.

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Sharpe Ratios by Period

XSEM.TOESGEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.96

2.97

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.60

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.60

-0.05

Drawdowns

XSEM.TO vs. ESGE - Drawdown Comparison

The maximum XSEM.TO drawdown since its inception was -37.03%, roughly equal to the maximum ESGE drawdown of -36.41%. Use the drawdown chart below to compare losses from any high point for XSEM.TO and ESGE.

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Drawdown Indicators

XSEM.TOESGEDifference

Max Drawdown

Largest peak-to-trough decline

-37.03%

-36.41%

-0.62%

Max Drawdown (1Y)

Largest decline over 1 year

-12.30%

-12.33%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-15.17%

-14.69%

-0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-33.18%

-32.62%

-0.56%

Current Drawdown

Current decline from peak

-0.86%

-0.83%

-0.03%

Average Drawdown

Average peak-to-trough decline

-13.17%

-11.39%

-1.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.37%

3.38%

-0.01%

Volatility

XSEM.TO vs. ESGE - Volatility Comparison

iShares ESG Aware MSCI Emerging Markets Index ETF (XSEM.TO) and iShares ESG Aware MSCI EM ETF (ESGE) have volatilities of 8.35% and 8.40%, 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

XSEM.TOESGEDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.35%

8.40%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

17.02%

16.77%

+0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

19.47%

19.30%

+0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.06%

16.69%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.26%

17.62%

+0.64%

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 1.41%, less than ESGE's 1.97% yield.

PositionTTM2025202420232022202120202019201820172016
ESGE
iShares ESG Aware MSCI EM ETF		1.97%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		1.41%1.80%2.12%1.12%2.29%2.50%1.16%2.46%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, XSEM.TO and ESGE 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, 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.

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