XSTP.TO vs. XEQT.TO

Last updated Jun 4, 2026

XSTP.TO (iShares 0-5 Year TIPS Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XSTP.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XSTP.TO is passively managed, while XEQT.TO is actively managed. Over the past 3 years, XSTP.TO returned 6.18%/yr vs 21.78%/yr for XEQT.TO. At a correlation of -0.13, they often move in opposite directions. XSTP.TO charges 0.16%/yr vs 0.20%/yr for XEQT.TO.

Performance

XSTP.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSTP.TO achieves a 3.35% return, which is significantly lower than XEQT.TO's 12.29% return.

XSTP.TO

• 1D: 0.51%
• 1M: 2.16%
• YTD: 3.35%
• 6M: 1.23%
• 1Y: 5.54%
• 3Y*: 6.18%
• 5Y*: —
• 10Y*: —

XEQT.TO

• 1D: -0.56%
• 1M: 5.98%
• YTD: 12.29%
• 6M: 11.20%
• 1Y: 29.24%
• 3Y*: 21.78%
• 5Y*: 13.72%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF	3.35%	0.64%	13.59%	2.31%	17.76%	4.89%
XEQT.TO iShares Core Equity ETF Portfolio	12.29%	19.47%	24.36%	17.25%	-11.01%	5.12%

Correlation

The correlation between XSTP.TO and XEQT.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021	-0.13

The correlation between XSTP.TO and XEQT.TO shifts across timeframes, from -0.13 (all time) to -0.02 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

XSTP.TO

XSTP.TO Risk / Return Rank: 28
XSTP.TO Sharpe Ratio Rank: 31
XSTP.TO Sortino Ratio Rank: 28
XSTP.TO Omega Ratio Rank: 32
XSTP.TO Calmar Ratio Rank: 25
XSTP.TO Martin Ratio Rank: 23

XEQT.TO

XEQT.TO Risk / Return Rank: 75
XEQT.TO Sharpe Ratio Rank: 76
XEQT.TO Sortino Ratio Rank: 76
XEQT.TO Omega Ratio Rank: 76
XEQT.TO Calmar Ratio Rank: 70
XEQT.TO Martin Ratio Rank: 78

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (XSTP.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.

	XSTP.TO	XEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.13	2.53	-1.39
Sortino ratio: Return per unit of downside risk	1.54	3.49	-1.95
Omega ratio: Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio: Return relative to maximum drawdown	1.17	3.56	-2.39
Martin ratio: Return relative to average drawdown	2.84	15.50	-12.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XSTP.TO Sharpe Ratio is 1.13, which is lower than the XEQT.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XSTP.TO and XEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSTP.TO	XEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	2.53	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.95	+0.02

Drawdowns

XSTP.TO vs. XEQT.TO - Drawdown Comparison

The maximum XSTP.TO drawdown since its inception was -5.68%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XSTP.TO and XEQT.TO.

Drawdown Indicators

	XSTP.TO	XEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-5.68%	-29.74%	+24.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.76%	-8.25%	+3.49%
Max Drawdown (3Y) Largest decline over 3 years	-5.68%	-15.08%	+9.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.56%	—
Current Drawdown Current decline from peak	-0.33%	-0.56%	+0.23%
Average Drawdown Average peak-to-trough decline	-1.66%	-4.11%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.89%	+0.07%

Volatility

XSTP.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) is 0.94%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XSTP.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.

Volatility by Period

	XSTP.TO	XEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	3.70%	-2.76%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	9.38%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	4.91%	11.63%	-6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.13%	13.12%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.13%	15.56%	-6.43%

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

XSTP.TO has a 0.16% 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

XSTP.TO vs. XEQT.TO - Dividend Comparison

XSTP.TO's dividend yield for the trailing twelve months is around 3.57%, more than XEQT.TO's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
XEQT.TO iShares Core Equity ETF Portfolio	1.48%	1.66%	2.01%	2.07%	2.12%	1.64%	1.66%	1.19%
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF	3.57%	4.06%	2.41%	3.08%	5.70%	2.35%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XSTP.TO and XEQT.TO in my portfolio?

XSTP.TO and XEQT.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XSTP.TO or XEQT.TO?

On fees, XSTP.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSTP.TO or XEQT.TO?

XSTP.TO is cheaper with a 0.16% expense ratio, compared with 0.20% for XEQT.TO.

What is the main difference between XSTP.TO and XEQT.TO?

XSTP.TO is categorized as Inflation-Protected Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.16% for XSTP.TO and 0.20% for XEQT.TO.