XESG-CA
iShares ESG Aware MSCI Canada Index ETF
XESG seeks to provide long-term capital growth by replicating, to the extent possible, the performance, net of expenses, of an ESG-oriented Index selected at the discretion of BlackRock Canada.
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$466.7 M
ASSETS UNDER MGMT
17 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Canadian |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 18, 2019 |
| Assets (mns) | $467 |
| Expense ratio | 17 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROYAL BANK OF CANADA | 7.2 % |
| BANK OF NOVA SCOTIA | 4.5 % |
| TORONTO-DOMINION BANK | 4.4 % |
| CANADIAN NATL RAILWAY CO | 4.1 % |
| SHOPIFY, INC. CLASS A | 3.9 % |
| ENBRIDGE INC | 3.6 % |
| NATIONAL BANK OF CANADA | 3.1 % |
| SUN LIFE FINANCIAL INC | 2.8 % |
| ALIMENTATION COUCHE-TARD INC. CLASS A | 2.4 % |
| BROOKFIELD CORP | 2.4 % |
Constituent Breakdown
| Number of holdings | 118 |
| Herfindahl-Hirschman Index | 234 |
| Wgt avg mkt cap (mns) | $55,644 |
| Large cap (>$10bn) | 76.7% |
| Mid cap ($2-10bn) | 14.8% |
| Small cap (<$2bn) | 4.5% |
| Developed mkts. | 94.6% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 94.4 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.2% | 17.2% | 13.6% | 10.3% | 10.4% | -- | -- | 8.6% |
| Dividend Yield | 1.4% | 3.0% | 3.1% | 3.1% | 2.8% | -- | -- | 2.6% |
| Total Returns | 11.6% | 20.2% | 16.7% | 13.4% | 13.2% | -- | -- | 11.2% | Ann. Volatility | 16.5% | 14.7% | 13.1% | 13.3% | 13.2% | -- | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 69% |
| MSCI EAFE | 0.50 | 45% |
| MSCI Emg Mkts | 0.36 | 24% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $33.10 |
| 30d moving avg. | $33.05 |
| Annualized volatility | 12.2% |
| Relative strength (RSI) | 63 |
| Short interest | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 68.6% | -11 bp | +6.8% |
| QCN-CA | Mackenzie Canadian Equity Index ETF | 68.5% | -12 bp | +6.9% |
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 68.4% | -11 bp | +6.8% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 68.3% | +1 bp | +6.5% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 68.1% | -12 bp | +6.8% |
| TTP-CA | TD Canadian Equity Index ETF | 66.6% | -11 bp | +6.9% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 65.0% | -11 bp | +6.8% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 51.1% | +1 bp | +6.5% |
| VDY-CA | Vanguard FTSE Canadian High Dividend Yield Index ETF | 43.3% | +6 bp | +8.4% |
| XEI-CA | iShares S&P/TSX Composite High Dividend Index ETF | 41.7% | +7 bp | +8.0% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XESG-CA
6.5%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 17 funds in the Canadian Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
1.4%. XESG-CA's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places XESG-CA in the 22nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XESG-CASELL
U/W
HOLD
O/W
BUY