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XVLU.TO vs. XEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XVLU.TO vs. XEQT.TO

Last updated Jun 4, 2026

XVLU.TO (iShares MSCI USA Value Factor Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while XEQT.TO is a Global Equities fund actively managed by iShares. XVLU.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XVLU.TO returned 19.03%/yr vs 13.72%/yr for XEQT.TO. A 0.55 correlation means they provide meaningful diversification when combined. XVLU.TO charges 0.32%/yr vs 0.20%/yr for XEQT.TO.

Performance

XVLU.TO vs. XEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Value Factor Index ETF (XVLU.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XVLU.TO achieves a 50.62% return, which is significantly higher than XEQT.TO's 12.29% return.

XVLU.TO

1D
0.06%
1M
23.30%
YTD
50.62%
6M
51.55%
1Y
95.75%
3Y*
35.04%
5Y*
19.03%
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)

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

2026 (YTD)2025202420232022202120202019
XVLU.TO
iShares MSCI USA Value Factor Index ETF		50.62%26.17%15.37%11.09%-8.87%28.64%-3.66%7.29%
XEQT.TO
iShares Core Equity ETF Portfolio		12.29%19.47%24.36%17.25%-11.01%18.94%11.82%9.47%

Correlation

The correlation between XVLU.TO and XEQT.TO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

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

0.58

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

0.58

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2019

0.55

The correlation between XVLU.TO and XEQT.TO shifts across timeframes, from 0.55 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

XVLU.TO vs. XEQT.TO - Sectors Allocation Comparison

Sectors
XVLU.TO
XEQT.TO

Technology

44.5%
22.9%

Financial Services

10.4%
20.3%

Healthcare

8.5%
6.6%

Consumer Cyclical

8.4%
7.8%

Communication Services

8.3%
6.4%

Industrials

7.3%
12.1%

Consumer Defensive

4.0%
4.4%

Energy

3.2%
7.2%

Utilities

1.9%
2.8%

Real Estate

1.8%
2.2%

Basic Materials

1.6%
7.3%

Technology

XVLU.TO
44.5%
XEQT.TO
22.9%

Financial Services

XVLU.TO
10.4%
XEQT.TO
20.3%

Healthcare

XVLU.TO
8.5%
XEQT.TO
6.6%

Consumer Cyclical

XVLU.TO
8.4%
XEQT.TO
7.8%

Communication Services

XVLU.TO
8.3%
XEQT.TO
6.4%

Industrials

XVLU.TO
7.3%
XEQT.TO
12.1%

Consumer Defensive

XVLU.TO
4.0%
XEQT.TO
4.4%

Energy

XVLU.TO
3.2%
XEQT.TO
7.2%

Utilities

XVLU.TO
1.9%
XEQT.TO
2.8%

Real Estate

XVLU.TO
1.8%
XEQT.TO
2.2%

Basic Materials

XVLU.TO
1.6%
XEQT.TO
7.3%

Compare stocks, funds, or ETFs

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iShares MSCI USA Value Factor Index ETF

iShares Core Equity ETF Portfolio

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Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XVLU.TO
XVLU.TO Risk / Return Rank: 9898
Overall Rank
XVLU.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XVLU.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XVLU.TO Omega Ratio Rank: 9797
Omega Ratio Rank
XVLU.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XVLU.TO Martin Ratio Rank: 9898
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 7575
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7878
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor Index ETF (XVLU.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.

XVLU.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
5.59
2.53

+3.06

Sortino ratioReturn per unit of downside risk
7.16
3.49

+3.66

Omega ratioGain probability vs. loss probability

1.96

1.47

+0.50

Calmar ratioReturn relative to maximum drawdown

13.34

3.56

+9.78

Martin ratioReturn relative to average drawdown

55.16

15.50

+39.65

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

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

The current XVLU.TO Sharpe Ratio is 5.59, which is higher than the XEQT.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XVLU.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.

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Sharpe Ratios by Period

XVLU.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.59

2.53

+3.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.20

1.05

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.95

-0.02

Drawdowns

XVLU.TO vs. XEQT.TO - Drawdown Comparison

The maximum XVLU.TO drawdown since its inception was -34.40%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and XEQT.TO.

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Drawdown Indicators

XVLU.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.40%

-29.74%

-4.66%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

-8.25%

+1.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.13%

-15.08%

-2.05%

Max Drawdown (5Y)

Largest decline over 5 years

-20.16%

-19.56%

-0.60%

Current Drawdown

Current decline from peak

0.00%

-0.56%

+0.56%

Average Drawdown

Average peak-to-trough decline

-6.49%

-4.11%

-2.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

1.89%

-0.15%

Volatility

XVLU.TO vs. XEQT.TO - Volatility Comparison

iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a higher volatility of 7.55% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 3.70%. This indicates that XVLU.TO's price experiences larger fluctuations and is considered to be riskier 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

XVLU.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.55%

3.70%

+3.85%

Volatility (6M)

Calculated over the trailing 6-month period

14.06%

9.38%

+4.68%

Volatility (1Y)

Calculated over the trailing 1-year period

17.24%

11.63%

+5.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

13.12%

+2.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.82%

15.56%

+3.26%

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

XVLU.TO has a 0.32% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

Dividends

XVLU.TO vs. XEQT.TO - Dividend Comparison

XVLU.TO's dividend yield for the trailing twelve months is around 1.12%, less than XEQT.TO's 1.48% yield.

PositionTTM2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.01%2.07%2.12%1.64%1.66%1.19%
XVLU.TO
iShares MSCI USA Value Factor Index ETF		1.12%1.75%2.17%2.26%2.51%2.03%2.72%0.68%

Frequently Asked Questions

XVLU.TO and XEQT.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.32% for XVLU.TO.

XVLU.TO is categorized as Large Cap Value Equities, while XEQT.TO is Global Equities. Their fees differ too: 0.32% for XVLU.TO and 0.20% for XEQT.TO.

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