BRKY.NEO vs. ZEQL.TO
BRKY.NEO (Berkshire Hathaway Yield Shares Purpose ETF) and ZEQL.TO (BMO MSCI USA Equal Weight Index ETF (CAD Units)) are both Large Cap Blend Equities funds. BRKY.NEO is actively managed, while ZEQL.TO is passively managed. At a 0.16 correlation, their price movements are largely independent. BRKY.NEO charges 0.40%/yr vs 0.05%/yr for ZEQL.TO.
Performance
BRKY.NEO vs. ZEQL.TO - Performance Comparison
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Returns By Period
BRKY.NEO
- 1D
- 0.68%
- 1M
- 1.77%
- YTD
- -6.22%
- 6M
- -6.18%
- 1Y
- -4.97%
- 3Y*
- 14.17%
- 5Y*
- —
- 10Y*
- —
ZEQL.TO
- 1D
- 0.74%
- 1M
- 4.66%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRKY.NEO vs. ZEQL.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF | -4.62% |
ZEQL.TO BMO MSCI USA Equal Weight Index ETF (CAD Units) | 8.24% |
Correlation
The correlation between BRKY.NEO and ZEQL.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 10, 2026 | 0.16 |
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Return for Risk
BRKY.NEO vs. ZEQL.TO — Risk / Return Rank
BRKY.NEO
ZEQL.TO
BRKY.NEO vs. ZEQL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Yield Shares Purpose ETF (BRKY.NEO) 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.
| BRKY.NEO | ZEQL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.95 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | — | — |
| Martin ratioReturn relative to average drawdown | -1.07 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRKY.NEO | ZEQL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 2.21 | -1.35 |
Drawdowns
BRKY.NEO vs. ZEQL.TO - Drawdown Comparison
The maximum BRKY.NEO drawdown since its inception was -17.43%, 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 BRKY.NEO and ZEQL.TO.
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Drawdown Indicators
| BRKY.NEO | ZEQL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.43% | -6.12% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | — | — |
Current DrawdownCurrent decline from peak | -15.05% | 0.00% | -15.05% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -1.67% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | — | — |
Volatility
BRKY.NEO vs. ZEQL.TO - Volatility Comparison
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Volatility by Period
| BRKY.NEO | ZEQL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 12.89% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 12.89% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 12.89% | +4.88% |
BRKY.NEO vs. ZEQL.TO - Expense Ratio Comparison
BRKY.NEO has a 0.40% expense ratio, which is higher than ZEQL.TO's 0.05% expense ratio.
Dividends
BRKY.NEO vs. ZEQL.TO - Dividend Comparison
BRKY.NEO's dividend yield for the trailing twelve months is around 7.55%, more than ZEQL.TO's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRKY.NEO Berkshire Hathaway Yield Shares Purpose ETF | 7.55% | 5.58% | 11.30% | 5.40% | 0.49% |
ZEQL.TO BMO MSCI USA Equal Weight Index ETF (CAD Units) | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRKY.NEO and ZEQL.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ZEQL.TO is cheaper with a 0.05% expense ratio, compared with 0.40% for BRKY.NEO.
They also come from different issuers: Purpose Investments and BMO. Their fees differ too: 0.40% for BRKY.NEO and 0.05% for ZEQL.TO.
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