CIE.NEO vs. MEQT.TO
CIE.NEO (iShares International Fundamental Common Class) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. CIE.NEO is passively managed, while MEQT.TO is actively managed. Over the past year, CIE.NEO returned 39.49% vs 33.09% for MEQT.TO. At a 0.42 correlation, their price movements are largely independent. CIE.NEO charges 0.73%/yr vs 0.17%/yr for MEQT.TO.
Performance
CIE.NEO vs. MEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIE.NEO achieves a 17.83% return, which is significantly higher than MEQT.TO's 12.88% return.
CIE.NEO
- 1D
- -0.39%
- 1M
- 6.26%
- YTD
- 17.83%
- 6M
- 19.92%
- 1Y
- 39.49%
- 3Y*
- 25.09%
- 5Y*
- 15.50%
- 10Y*
- 11.89%
MEQT.TO
- 1D
- -0.41%
- 1M
- 6.44%
- YTD
- 12.88%
- 6M
- 13.09%
- 1Y
- 33.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CIE.NEO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 17.83% | 34.92% | 12.83% | 2.13% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 12.88% | 21.31% | 25.87% | 2.16% |
Correlation
The correlation between CIE.NEO and MEQT.TO is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023 | 0.42 |
The correlation between CIE.NEO and MEQT.TO shifts across timeframes, from 0.42 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CIE.NEO vs. MEQT.TO — Risk / Return Rank
CIE.NEO
MEQT.TO
CIE.NEO vs. MEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and Mackenzie All-Equity Allocation ETF (MEQT.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.
| CIE.NEO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.60 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.33 | -0.75 |
| Martin ratioReturn relative to average drawdown | 14.78 | 18.61 | -3.82 |
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
| CIE.NEO | MEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 3.05 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 2.12 | -1.68 |
Drawdowns
CIE.NEO vs. MEQT.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than MEQT.TO's maximum drawdown of -15.14%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and MEQT.TO.
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Drawdown Indicators
| CIE.NEO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -15.14% | -24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -7.68% | -3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.41% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.29% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 1.78% | +0.90% |
Volatility
CIE.NEO vs. MEQT.TO - Volatility Comparison
iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 4.85% compared to Mackenzie All-Equity Allocation ETF (MEQT.TO) at 2.96%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than MEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 2.96% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 9.02% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 10.92% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 11.87% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 11.87% | +6.32% |
CIE.NEO vs. MEQT.TO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is higher than MEQT.TO's 0.17% expense ratio.
Dividends
CIE.NEO vs. MEQT.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.12%, more than MEQT.TO's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.12% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.45% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and MEQT.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.73% for CIE.NEO.
They also come from different issuers: iShares and Mackenzie Investments. Their fees differ too: 0.73% for CIE.NEO and 0.17% for MEQT.TO.
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