CASV.TO vs. ZEQT.TO

Last updated Aug 1, 2026

CASV.TO (Avantis CIBC Global Small Cap Value ETF) and ZEQT.TO (BMO All-Equity ETF) are both exchange-traded funds - CASV.TO is a Small Cap Value Equities fund actively managed by Avantis, while ZEQT.TO is a Global Equities fund actively managed by BMO. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. CASV.TO charges 0.39%/yr vs 0.18%/yr for ZEQT.TO.

Performance

CASV.TO vs. ZEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC Global Small Cap Value ETF (CASV.TO) and BMO All-Equity ETF (ZEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CASV.TO

• 1D: -0.04%
• 1M: 1.21%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ZEQT.TO

• 1D: 0.35%
• 1M: -0.77%
• 6M: 11.62%
• YTD: 13.75%
• 1Y: 25.95%
• 3Y*: 23.97%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CASV.TO Avantis CIBC Global Small Cap Value ETF	CA$577.30K	CA$672.45K	CA$679.45K
ZEQT.TO BMO All-Equity ETF	CA$2.00M	CA$2.37M	CA$2.27M

CASV.TO vs. ZEQT.TO - Yearly Performance Comparison

	2026 (YTD)
CASV.TO Avantis CIBC Global Small Cap Value ETF	14.29%
ZEQT.TO BMO All-Equity ETF	13.70%

Correlation

The correlation between CASV.TO and ZEQT.TO is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.63

Return for Risk

CASV.TO vs. ZEQT.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CASV.TO

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

ZEQT.TO

ZEQT.TO Risk / Return Rank: 83
ZEQT.TO Sharpe Ratio Rank: 83
ZEQT.TO Sortino Ratio Rank: 82
ZEQT.TO Omega Ratio Rank: 82
ZEQT.TO Calmar Ratio Rank: 82
ZEQT.TO Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CASV.TO vs. ZEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC Global Small Cap Value ETF (CASV.TO) and BMO All-Equity ETF (ZEQT.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.

	CASV.TO	ZEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.99	—
Martin ratio: Return relative to average drawdown	—	11.94	—

Drawdowns

CASV.TO vs. ZEQT.TO - Drawdown Comparison

The maximum CASV.TO drawdown since its inception was -3.70%, smaller than the maximum ZEQT.TO drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for CASV.TO and ZEQT.TO.

Drawdown Indicators

	CASV.TO	ZEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-3.70%	-15.18%	+11.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.62%	—
Current Drawdown Current decline from peak	-1.57%	-1.79%	+0.22%
Average Drawdown Average peak-to-trough decline	-1.16%	-2.55%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.18%	—

Volatility

Volatility by Period

	CASV.TO	ZEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.20%	13.69%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	13.47%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	13.47%	+1.73%

CASV.TO vs. ZEQT.TO - Expense Ratio Comparison

CASV.TO has a 0.39% expense ratio, which is higher than ZEQT.TO's 0.18% expense ratio.

Dividends

CASV.TO vs. ZEQT.TO - Dividend Comparison

CASV.TO has not paid dividends to shareholders, while ZEQT.TO's dividend yield for the trailing twelve months is around 1.28%.

Position	TTM	2025	2024	2023	2022
CASV.TO Avantis CIBC Global Small Cap Value ETF	0.00%	0.00%	0.00%	0.00%	0.00%
ZEQT.TO BMO All-Equity ETF	1.28%	2.89%	5.08%	6.40%	7.31%

Frequently Asked Questions

Can I hold both CASV.TO and ZEQT.TO in my portfolio?

CASV.TO and ZEQT.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CASV.TO or ZEQT.TO?

On fees, ZEQT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CASV.TO or ZEQT.TO?

ZEQT.TO is cheaper with a 0.18% expense ratio, compared with 0.39% for CASV.TO.

What is the main difference between CASV.TO and ZEQT.TO?

CASV.TO is categorized as Small Cap Value Equities, while ZEQT.TO is Global Equities. They also come from different issuers: Avantis and BMO. Their fees differ too: 0.39% for CASV.TO and 0.18% for ZEQT.TO.