XTOT.TO vs. HEQL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO).

XTOT.TO and HEQL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTOT.TO is a passively managed fund by iShares that tracks the performance of the S&P Total Market Index. It was launched on May 28, 2025. HEQL.TO is an actively managed fund by Global X. It was launched on Oct 10, 2023.

Performance

XTOT.TO vs. HEQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO). The values are adjusted to include any dividend payments, if applicable.

XTOT.TO vs. HEQL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	-2.69%	15.99%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	0.05%	19.63%

Returns By Period

In the year-to-date period, XTOT.TO achieves a -2.69% return, which is significantly lower than HEQL.TO's 0.05% return.

XTOT.TO

• 1D: 3.22%
• 1M: -2.94%
• YTD: -2.69%
• 6M: -1.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQL.TO

• 1D: 3.03%
• 1M: -5.59%
• YTD: 0.05%
• 6M: 3.41%
• 1Y: 23.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTOT.TO vs. HEQL.TO - Expense Ratio Comparison

XTOT.TO has a 0.07% expense ratio, which is lower than HEQL.TO's 1.46% expense ratio.

HEQL.TO

Global X Enhanced All-Equity Asset Allocation ETF CAD

XTOT.TO

iShares Core S&P Total U.S. Stock Market Index ETF

Return for Risk

XTOT.TO vs. HEQL.TO — Risk / Return Rank

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

HEQL.TO

HEQL.TO Risk / Return Rank: 59
HEQL.TO Sharpe Ratio Rank: 71
HEQL.TO Sortino Ratio Rank: 73
HEQL.TO Omega Ratio Rank: 71
HEQL.TO Calmar Ratio Rank: 37
HEQL.TO Martin Ratio Rank: 42

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.

XTOT.TO vs. HEQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XTOT.TO	HEQL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.70	-0.52

Correlation

The correlation between XTOT.TO and HEQL.TO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XTOT.TO vs. HEQL.TO - Dividend Comparison

XTOT.TO's dividend yield for the trailing twelve months is around 0.71%, less than HEQL.TO's 1.67% yield.

	TTM	2025	2024	2023
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF	0.71%	0.54%	0.00%	0.00%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.67%	1.82%	1.75%	0.55%

Drawdowns

XTOT.TO vs. HEQL.TO - Drawdown Comparison

The maximum XTOT.TO drawdown since its inception was -9.64%, smaller than the maximum HEQL.TO drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for XTOT.TO and HEQL.TO.

Drawdown Indicators

	XTOT.TO	HEQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.64%	-19.86%	+10.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.14%	—
Current Drawdown Current decline from peak	-6.73%	-6.79%	+0.06%
Average Drawdown Average peak-to-trough decline	-1.94%	-1.91%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.63%	—

Volatility

Volatility by Period

	XTOT.TO	HEQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	21.32%	-8.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.18%	18.57%	-5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	18.57%	-5.39%