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

XWD.TO vs. GEQT.TO

Last updated Jul 1, 2026
See Documentation

XWD.TO (iShares MSCI World Index ETF) and GEQT.TO (iShares ESG Equity ETF Portfolio) are both Global Equities funds from iShares. XWD.TO is passively managed, while GEQT.TO is actively managed. Over the past 5 years, XWD.TO returned 14.40%/yr vs 14.52%/yr for GEQT.TO. A 0.67 correlation means they provide meaningful diversification when combined. XWD.TO charges 0.48%/yr vs 0.25%/yr for GEQT.TO.

Performance

XWD.TO vs. GEQT.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 iShares ESG Equity ETF Portfolio (GEQT.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 13.24% return, which is significantly lower than GEQT.TO's 18.33% return.

XWD.TO

1D
0.51%
1M
2.10%
YTD
13.24%
6M
12.77%
1Y
26.06%
3Y*
21.36%
5Y*
14.40%
10Y*
13.78%

GEQT.TO

1D
1.15%
1M
4.70%
YTD
18.33%
6M
17.61%
1Y
29.22%
3Y*
23.67%
5Y*
14.52%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
XWD.TO
iShares MSCI World Index ETF		13.24%15.25%28.07%20.32%-11.57%21.63%6.01%
GEQT.TO
iShares ESG Equity ETF Portfolio		18.33%17.86%25.42%22.35%-15.19%21.99%7.15%

Correlation

The correlation between XWD.TO and GEQT.TO is 0.89, 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

0.89

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

0.74

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

0.68

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2020

0.67

Over the past year, XWD.TO and GEQT.TO have become more correlated (0.89) than their long-term average of 0.67, meaning their price movements have been converging.

XWD.TO vs. GEQT.TO - Sectors Allocation Comparison

Sectors
XWD.TO
GEQT.TO

Technology

31.5%
44.5%

Financial Services

15.2%
33.4%

Industrials

10.6%
5.1%

Consumer Cyclical

9.2%
2.7%

Communication Services

9.0%
1.8%

Healthcare

8.5%
2.3%

Consumer Defensive

4.9%
2.0%

Energy

3.7%
0.0%

Basic Materials

3.2%
5.5%

Utilities

2.5%
1.1%

Real Estate

1.7%
1.1%

Technology

XWD.TO
31.5%
GEQT.TO
44.5%

Financial Services

XWD.TO
15.2%
GEQT.TO
33.4%

Industrials

XWD.TO
10.6%
GEQT.TO
5.1%

Consumer Cyclical

XWD.TO
9.2%
GEQT.TO
2.7%

Communication Services

XWD.TO
9.0%
GEQT.TO
1.8%

Healthcare

XWD.TO
8.5%
GEQT.TO
2.3%

Consumer Defensive

XWD.TO
4.9%
GEQT.TO
2.0%

Energy

XWD.TO
3.7%
GEQT.TO
0.0%

Basic Materials

XWD.TO
3.2%
GEQT.TO
5.5%

Utilities

XWD.TO
2.5%
GEQT.TO
1.1%

Real Estate

XWD.TO
1.7%
GEQT.TO
1.1%

Compare stocks, funds, or ETFs

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iShares MSCI World Index ETF

iShares ESG Equity ETF Portfolio

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. VEQT.TOXWD.TO vs. SPY
Often compared with GEQT.TO:
GEQT.TO vs. XEQT.TOGEQT.TO vs. GGRO.TOGEQT.TO vs. ZAG.TOGEQT.TO vs. GBAL.TOGEQT.TO vs. XEN.TOGEQT.TO vs. XBAL.TOGEQT.TO vs. VT

Return for Risk

XWD.TO vs. GEQT.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: 8080
Overall Rank
XWD.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 7979
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 8181
Martin Ratio Rank
GEQT.TO
GEQT.TO Risk / Return Rank: 7474
Overall Rank
GEQT.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
GEQT.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
GEQT.TO Omega Ratio Rank: 7272
Omega Ratio Rank
GEQT.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
GEQT.TO Martin Ratio Rank: 7979
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. GEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.TO) and iShares ESG Equity ETF Portfolio (GEQT.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XWD.TOGEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.16
2.01

+0.15

Sortino ratioReturn per unit of downside risk
3.02
2.77

+0.25

Omega ratioGain probability vs. loss probability

1.40

1.36

+0.04

Calmar ratioReturn relative to maximum drawdown

3.40

3.16

+0.24

Martin ratioReturn relative to average drawdown

13.61

12.85

+0.76

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

The current XWD.TO Sharpe Ratio is 2.16, which is comparable to the GEQT.TO Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of XWD.TO and GEQT.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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Drawdowns

XWD.TO vs. GEQT.TO - Drawdown Comparison

The maximum XWD.TO drawdown since its inception was -27.48%, which is greater than GEQT.TO's maximum drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for XWD.TO and GEQT.TO.

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Drawdown Indicators

XWD.TOGEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.48%

-23.66%

-3.82%

Max Drawdown (1Y)

Largest decline over 1 year

-7.71%

-9.29%

+1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-16.77%

-18.02%

+1.25%

Max Drawdown (5Y)

Largest decline over 5 years

-21.56%

-23.66%

+2.10%

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

—

—

Current Drawdown

Current decline from peak

-0.02%

0.00%

-0.02%

Average Drawdown

Average peak-to-trough decline

-3.51%

-5.06%

+1.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

2.28%

-0.36%

Volatility

XWD.TO vs. GEQT.TO - Volatility Comparison

The current volatility for iShares MSCI World Index ETF (XWD.TO) is 4.49%, while iShares ESG Equity ETF Portfolio (GEQT.TO) has a volatility of 5.93%. This indicates that XWD.TO experiences smaller price fluctuations and is considered to be less risky than GEQT.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.TOGEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

5.93%

-1.44%

Volatility (6M)

Calculated over the trailing 6-month period

9.80%

12.28%

-2.48%

Volatility (1Y)

Calculated over the trailing 1-year period

12.12%

14.61%

-2.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

17.66%

-3.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.34%

17.35%

-2.01%

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

XWD.TO has a 0.48% expense ratio, which is higher than GEQT.TO's 0.25% expense ratio.

Dividends

XWD.TO vs. GEQT.TO - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.20%, more than GEQT.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
GEQT.TO
iShares ESG Equity ETF Portfolio		1.12%1.26%1.38%1.58%1.82%1.32%0.87%0.00%0.00%0.00%0.00%0.00%
XWD.TO
iShares MSCI World Index ETF		1.20%1.33%1.19%1.39%1.35%1.21%1.06%1.77%1.94%1.64%1.83%1.84%

Frequently Asked Questions

XWD.TO and GEQT.TO have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GEQT.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GEQT.TO is cheaper with a 0.25% expense ratio, compared with 0.48% for XWD.TO.

Their fees differ too: 0.48% for XWD.TO and 0.25% for GEQT.TO.

Portfolio Optimizer

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