XSH.TO vs. XEQT.TO
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XSH.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XSH.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XSH.TO returned 2.86%/yr vs 13.72%/yr for XEQT.TO. At a 0.17 correlation, their price movements are largely independent. XSH.TO charges 0.10%/yr vs 0.20%/yr for XEQT.TO.
Performance
XSH.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSH.TO achieves a 1.33% return, which is significantly lower than XEQT.TO's 12.29% return.
XSH.TO
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 1.33%
- 6M
- 1.34%
- 1Y
- 3.85%
- 3Y*
- 6.05%
- 5Y*
- 2.86%
- 10Y*
- 2.82%
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
XSH.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 1.33% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 0.45% |
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 XSH.TO and XEQT.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.17 |
The correlation between XSH.TO and XEQT.TO shifts across timeframes, from 0.17 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSH.TO vs. XEQT.TO — Risk / Return Rank
XSH.TO
XEQT.TO
XSH.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.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.
| XSH.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.56 | -0.99 |
| Martin ratioReturn relative to average drawdown | 10.05 | 15.50 | -5.46 |
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
| XSH.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.53 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.05 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.95 | -0.21 |
Drawdowns
XSH.TO vs. XEQT.TO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XSH.TO and XEQT.TO.
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Drawdown Indicators
| XSH.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -29.74% | +15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -8.25% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -15.08% | +13.57% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -19.56% | +11.76% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -4.11% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.89% | -1.51% |
Volatility
XSH.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) is 0.80%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XSH.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
| XSH.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.70% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 9.38% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 11.63% | -9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 13.12% | -10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 15.56% | -11.14% |
XSH.TO vs. XEQT.TO - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is lower than XEQT.TO's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSH.TO vs. XEQT.TO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.89%, 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% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.89% | 3.82% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% |
Frequently Asked Questions
XSH.TO and XEQT.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSH.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSH.TO is cheaper with a 0.10% expense ratio, compared with 0.20% for XEQT.TO.
XSH.TO is categorized as Canadian Government Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.10% for XSH.TO and 0.20% for XEQT.TO.
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