CGLO.TO vs. ZEQT.TO
CGLO.TO (CIBC Global Growth ETF) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, CGLO.TO returned 10.36%/yr vs 24.86%/yr for ZEQT.TO. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
CGLO.TO vs. ZEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGLO.TO achieves a 5.72% return, which is significantly lower than ZEQT.TO's 14.44% return.
CGLO.TO
- 1D
- -0.81%
- 1M
- 0.82%
- 6M
- 2.26%
- YTD
- 5.72%
- 1Y
- 9.94%
- 3Y*
- 10.36%
- 5Y*
- 7.12%
- 10Y*
- —
ZEQT.TO
- 1D
- 0.22%
- 1M
- 0.11%
- 6M
- 10.44%
- YTD
- 14.44%
- 1Y
- 28.79%
- 3Y*
- 24.86%
- 5Y*
- —
- 10Y*
- —
CGLO.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 5.72% | 4.24% | 17.98% | 18.74% | -5.22% |
ZEQT.TO BMO All-Equity ETF | 14.44% | 21.71% | 30.06% | 22.28% | -0.83% |
Correlation
The correlation between CGLO.TO and ZEQT.TO is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.61 |
The correlation between CGLO.TO and ZEQT.TO has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGLO.TO vs. ZEQT.TO — Risk / Return Rank
CGLO.TO
ZEQT.TO
CGLO.TO vs. ZEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Global Growth ETF (CGLO.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.
| CGLO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.32 | -2.44 |
| Martin ratioReturn relative to average drawdown | 2.57 | 13.57 | -10.99 |
Loading charts...
Drawdowns
CGLO.TO vs. ZEQT.TO - Drawdown Comparison
The maximum CGLO.TO drawdown since its inception was -25.07%, which is greater than ZEQT.TO's maximum drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for CGLO.TO and ZEQT.TO.
Loading charts...
Drawdown Indicators
| CGLO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.07% | -15.18% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -8.72% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -14.62% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.07% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -1.19% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -2.55% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.13% | +1.75% |
Volatility
CGLO.TO vs. ZEQT.TO - Volatility Comparison
CIBC Global Growth ETF (CGLO.TO) has a higher volatility of 5.33% compared to BMO All-Equity ETF (ZEQT.TO) at 2.89%. This indicates that CGLO.TO's price experiences larger fluctuations and is considered to be riskier than ZEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGLO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 2.89% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 11.16% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 13.42% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 13.47% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 13.47% | +0.77% |
Dividends
CGLO.TO vs. ZEQT.TO - Dividend Comparison
CGLO.TO's dividend yield for the trailing twelve months is around 0.13%, less than ZEQT.TO's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGLO.TO CIBC Global Growth ETF | 0.13% | 0.14% | 0.28% | 0.39% | 0.31% | 0.13% | 0.77% |
ZEQT.TO BMO All-Equity ETF | 1.28% | 2.89% | 5.08% | 6.40% | 7.31% | 0.00% | 0.00% |
Frequently Asked Questions
CGLO.TO and ZEQT.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CIBC and BMO.
Find the right allocation for CGLO.TO and ZEQT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer