CIE.NEO vs. TEQT.TO

Last updated Jun 5, 2026

CIE.NEO (iShares International Fundamental Common Class) and TEQT.TO (TD All-Equity ETF Portfolio) are both Global Equities funds - CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index while TEQT.TO tracks the 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). Both are passively managed. Over the past year, CIE.NEO returned 40.12% vs 30.84% for TEQT.TO. A 0.72 correlation means they provide meaningful diversification when combined. CIE.NEO charges 0.73%/yr vs 0.17%/yr for TEQT.TO.

Performance

CIE.NEO vs. TEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares International Fundamental Common Class (CIE.NEO) and TD All-Equity ETF Portfolio (TEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIE.NEO achieves a 18.32% return, which is significantly higher than TEQT.TO's 12.34% return.

CIE.NEO

• 1D: 0.42%
• 1M: 6.88%
• YTD: 18.32%
• 6M: 20.08%
• 1Y: 40.12%
• 3Y*: 24.89%
• 5Y*: 15.60%
• 10Y*: 11.97%

TEQT.TO

• 1D: 0.67%
• 1M: 5.89%
• YTD: 12.34%
• 6M: 11.77%
• 1Y: 30.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CIE.NEO vs. TEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CIE.NEO iShares International Fundamental Common Class	18.32%	29.02%
TEQT.TO TD All-Equity ETF Portfolio	12.34%	27.04%

Correlation

The correlation between CIE.NEO and TEQT.TO is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025	0.72

The correlation between CIE.NEO and TEQT.TO has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

Return for Risk

CIE.NEO vs. TEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIE.NEO

CIE.NEO Risk / Return Rank: 83
CIE.NEO Sharpe Ratio Rank: 88
CIE.NEO Sortino Ratio Rank: 88
CIE.NEO Omega Ratio Rank: 89
CIE.NEO Calmar Ratio Rank: 74
CIE.NEO Martin Ratio Rank: 79

TEQT.TO

TEQT.TO Risk / Return Rank: 84
TEQT.TO Sharpe Ratio Rank: 86
TEQT.TO Sortino Ratio Rank: 87
TEQT.TO Omega Ratio Rank: 86
TEQT.TO Calmar Ratio Rank: 80
TEQT.TO Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CIE.NEO vs. TEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and TD All-Equity ETF Portfolio (TEQT.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	TEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.89	2.79	+0.10
Sortino ratio: Return per unit of downside risk	3.95	3.89	+0.06
Omega ratio: Gain probability vs. loss probability	1.55	1.52	+0.02
Calmar ratio: Return relative to maximum drawdown	3.63	4.07	-0.43
Martin ratio: Return relative to average drawdown	15.02	16.73	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIE.NEO vs. TEQT.TO - Sharpe Ratio Comparison

The current CIE.NEO Sharpe Ratio is 2.89, which is comparable to the TEQT.TO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of CIE.NEO and TEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CIE.NEO	TEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	2.79	+0.10
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	3.04	-2.60

Drawdowns

CIE.NEO vs. TEQT.TO - Drawdown Comparison

The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than TEQT.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and TEQT.TO.

Drawdown Indicators

	CIE.NEO	TEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.08%	-7.62%	-32.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-7.62%	-3.48%
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.13%	-1.00%	-6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	1.85%	+0.83%

Volatility

CIE.NEO vs. TEQT.TO - Volatility Comparison

iShares International Fundamental Common Class (CIE.NEO) has a higher volatility of 4.82% compared to TD All-Equity ETF Portfolio (TEQT.TO) at 3.02%. This indicates that CIE.NEO's price experiences larger fluctuations and is considered to be riskier than TEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIE.NEO	TEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	3.02%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	8.82%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	11.11%	+2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	12.17%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	12.17%	+6.01%

CIE.NEO vs. TEQT.TO - Expense Ratio Comparison

CIE.NEO has a 0.73% expense ratio, which is higher than TEQT.TO's 0.17% expense ratio.

Dividends

CIE.NEO vs. TEQT.TO - Dividend Comparison

CIE.NEO's dividend yield for the trailing twelve months is around 2.11%, more than TEQT.TO's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIE.NEO iShares International Fundamental Common Class	2.11%	2.53%	2.82%	3.08%	3.32%	2.89%	2.15%	3.63%	3.12%	2.67%	2.80%	2.44%
TEQT.TO TD All-Equity ETF Portfolio	1.30%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CIE.NEO and TEQT.TO in my portfolio?

CIE.NEO and TEQT.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CIE.NEO or TEQT.TO?

On fees, TEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CIE.NEO or TEQT.TO?

TEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.73% for CIE.NEO.

What is the main difference between CIE.NEO and TEQT.TO?

CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index, while TEQT.TO tracks 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). They also come from different issuers: iShares and TD. Their fees differ too: 0.73% for CIE.NEO and 0.17% for TEQT.TO.