BIGY.TO vs. ZEQL.TO

Last updated Jun 16, 2026

BIGY.TO (Evolve US Equity UltraYield ETF) and ZEQL.TO (BMO MSCI USA Equal Weight Index ETF (CAD Units)) are both Large Cap Blend Equities funds. BIGY.TO is actively managed, while ZEQL.TO is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. BIGY.TO charges 0.40%/yr vs 0.05%/yr for ZEQL.TO.

Performance

BIGY.TO vs. ZEQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve US Equity UltraYield ETF (BIGY.TO) and BMO MSCI USA Equal Weight Index ETF (CAD Units) (ZEQL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BIGY.TO

• 1D: 1.30%
• 1M: -8.27%
• YTD: -8.43%
• 6M: -9.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZEQL.TO

• 1D: 0.55%
• 1M: 6.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BIGY.TO vs. ZEQL.TO - Yearly Performance Comparison

	2026 (YTD)
BIGY.TO Evolve US Equity UltraYield ETF	2.64%
ZEQL.TO BMO MSCI USA Equal Weight Index ETF (CAD Units)	8.05%

Correlation

The correlation between BIGY.TO and ZEQL.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.54

Return for Risk

BIGY.TO vs. ZEQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve US Equity UltraYield ETF (BIGY.TO) and BMO MSCI USA Equal Weight Index ETF (CAD Units) (ZEQL.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.

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

Drawdowns

BIGY.TO vs. ZEQL.TO - Drawdown Comparison

The maximum BIGY.TO drawdown since its inception was -27.81%, which is greater than ZEQL.TO's maximum drawdown of -6.12%. Use the drawdown chart below to compare losses from any high point for BIGY.TO and ZEQL.TO.

Drawdown Indicators

	BIGY.TO	ZEQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.81%	-6.12%	-21.69%
Current Drawdown Current decline from peak	-17.86%	0.00%	-17.86%
Average Drawdown Average peak-to-trough decline	-11.51%	-1.78%	-9.73%

Volatility

Volatility by Period

	BIGY.TO	ZEQL.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.01%	13.44%	+15.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	13.44%	+15.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.01%	13.44%	+15.57%

BIGY.TO vs. ZEQL.TO - Expense Ratio Comparison

BIGY.TO has a 0.40% expense ratio, which is higher than ZEQL.TO's 0.05% expense ratio.

Dividends

BIGY.TO vs. ZEQL.TO - Dividend Comparison

BIGY.TO's dividend yield for the trailing twelve months is around 29.66%, more than ZEQL.TO's 0.36% yield.

Position	TTM	2025
BIGY.TO Evolve US Equity UltraYield ETF	29.66%	9.54%
ZEQL.TO BMO MSCI USA Equal Weight Index ETF (CAD Units)	0.36%	0.00%

Frequently Asked Questions

Can I hold both BIGY.TO and ZEQL.TO in my portfolio?

BIGY.TO and ZEQL.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIGY.TO or ZEQL.TO?

On fees, ZEQL.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BIGY.TO or ZEQL.TO?

ZEQL.TO is cheaper with a 0.05% expense ratio, compared with 0.40% for BIGY.TO.

What is the main difference between BIGY.TO and ZEQL.TO?

They also come from different issuers: Evolve and BMO. Their fees differ too: 0.40% for BIGY.TO and 0.05% for ZEQL.TO.