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XWD.TO vs. FGEP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XWD.TO vs. FGEP.TO

Last updated Jun 5, 2026

XWD.TO (iShares MSCI World Index ETF) and FGEP.TO (Fidelity Global Equity+ Fund ETF) are both Global Equities funds. XWD.TO is passively managed, while FGEP.TO is actively managed. Over the past year, XWD.TO returned 28.11% vs 33.16% for FGEP.TO. Their correlation of 0.83 suggests significant overlap in exposure. XWD.TO charges 0.48%/yr vs 1.16%/yr for FGEP.TO.

Performance

XWD.TO vs. FGEP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI World Index ETF (XWD.TO) and Fidelity Global Equity+ Fund ETF (FGEP.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, XWD.TO achieves a 11.99% return, which is significantly lower than FGEP.TO's 16.78% return.

XWD.TO

1D
0.51%
1M
6.27%
YTD
11.99%
6M
10.63%
1Y
28.11%
3Y*
21.72%
5Y*
14.88%
10Y*
13.55%

FGEP.TO

1D
-0.40%
1M
6.04%
YTD
16.78%
6M
17.33%
1Y
33.16%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XWD.TO vs. FGEP.TO - Yearly Performance Comparison

2026 (YTD)20252024
XWD.TO
iShares MSCI World Index ETF		11.99%15.25%12.77%
FGEP.TO
Fidelity Global Equity+ Fund ETF		16.78%17.44%9.99%

Correlation

The correlation between XWD.TO and FGEP.TO is 0.83, 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

0.83

Correlation (All Time)
Calculated using the full available price history since May 23, 2024

0.83

The correlation between XWD.TO and FGEP.TO has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Index ETF

Fidelity Global Equity+ Fund ETF

Often compared with XWD.TO:
XWD.TO vs. XEQT.TOXWD.TO vs. URTHXWD.TO vs. VTXWD.TO vs. VWRA.LXWD.TO vs. ZGQ.TOXWD.TO vs. SPYXWD.TO vs. VEQT.TO
Often compared with FGEP.TO:
FGEP.TO vs. FINN.NEOFGEP.TO vs. XEQT.TOFGEP.TO vs. VVO.TOFGEP.TO vs. CAGE.TOFGEP.TO vs. BREA.TOFGEP.TO vs. FCMO.NEOFGEP.TO vs. VMO.TO

Return for Risk

XWD.TO vs. FGEP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XWD.TO
XWD.TO Risk / Return Rank: 7676
Overall Rank
XWD.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 7878
Martin Ratio Rank
FGEP.TO
FGEP.TO Risk / Return Rank: 8989
Overall Rank
FGEP.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
FGEP.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
FGEP.TO Omega Ratio Rank: 9191
Omega Ratio Rank
FGEP.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
FGEP.TO Martin Ratio Rank: 8989
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.

XWD.TO vs. FGEP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.TO) and Fidelity Global Equity+ Fund ETF (FGEP.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.

XWD.TOFGEP.TODifference
Sharpe ratioReturn per unit of total volatility
2.42
3.19

-0.77

Sortino ratioReturn per unit of downside risk
3.37
4.40

-1.02

Omega ratioGain probability vs. loss probability

1.45

1.61

-0.16

Calmar ratioReturn relative to maximum drawdown

3.66

4.67

-1.00

Martin ratioReturn relative to average drawdown

14.98

19.65

-4.67

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

XWD.TO vs. FGEP.TO - Sharpe Ratio Comparison

The current XWD.TO Sharpe Ratio is 2.42, which is comparable to the FGEP.TO Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of XWD.TO and FGEP.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

XWD.TOFGEP.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.42

3.19

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

1.78

-0.87

Drawdowns

XWD.TO vs. FGEP.TO - Drawdown Comparison

The maximum XWD.TO drawdown since its inception was -27.48%, which is greater than FGEP.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for XWD.TO and FGEP.TO.

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Drawdown Indicators

XWD.TOFGEP.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.48%

-14.78%

-12.70%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-7.14%

-0.57%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-21.40%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

—

—

Current Drawdown

Current decline from peak

-0.29%

-0.66%

+0.37%

Average Drawdown

Average peak-to-trough decline

-3.49%

-1.64%

-1.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

1.69%

+0.19%

Volatility

XWD.TO vs. FGEP.TO - Volatility Comparison

The current volatility for iShares MSCI World Index ETF (XWD.TO) is 3.55%, while Fidelity Global Equity+ Fund ETF (FGEP.TO) has a volatility of 3.81%. This indicates that XWD.TO experiences smaller price fluctuations and is considered to be less risky than FGEP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XWD.TOFGEP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

3.81%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

9.04%

8.34%

+0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

11.68%

10.47%

+1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.71%

12.70%

+1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.36%

12.70%

+2.66%

XWD.TO vs. FGEP.TO - Expense Ratio Comparison

XWD.TO has a 0.48% expense ratio, which is lower than FGEP.TO's 1.16% expense ratio.

Dividends

XWD.TO vs. FGEP.TO - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.19%, while FGEP.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FGEP.TO
Fidelity Global Equity+ Fund ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XWD.TO
iShares MSCI World Index ETF		1.19%1.33%1.19%1.39%1.36%1.21%1.06%1.77%1.94%1.63%1.83%1.84%

Frequently Asked Questions

XWD.TO and FGEP.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XWD.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XWD.TO is cheaper with a 0.48% expense ratio, compared with 1.16% for FGEP.TO.

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.48% for XWD.TO and 1.16% for FGEP.TO.

Portfolio Optimizer

Find the right allocation for XWD.TO and FGEP.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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