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CYH.TO vs. MEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CYH.TO vs. MEQT.TO

Last updated Jun 4, 2026

CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. CYH.TO is passively managed, while MEQT.TO is actively managed. Over the past year, CYH.TO returned 22.80% vs 33.09% for MEQT.TO. At a 0.24 correlation, their price movements are largely independent. CYH.TO charges 0.66%/yr vs 0.17%/yr for MEQT.TO.

Performance

CYH.TO vs. MEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) and Mackenzie All-Equity Allocation ETF (MEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CYH.TO achieves a 9.93% return, which is significantly lower than MEQT.TO's 12.88% return.

CYH.TO

1D
-0.78%
1M
0.38%
YTD
9.93%
6M
10.41%
1Y
22.80%
3Y*
16.71%
5Y*
8.48%
10Y*
8.22%

MEQT.TO

1D
-0.41%
1M
6.44%
YTD
12.88%
6M
13.09%
1Y
33.09%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CYH.TO vs. MEQT.TO - Yearly Performance Comparison

2026 (YTD)202520242023
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		9.93%18.77%12.29%6.58%
MEQT.TO
Mackenzie All-Equity Allocation ETF		12.88%21.31%25.87%2.16%

Correlation

The correlation between CYH.TO and MEQT.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Nov 21, 2023

0.24

Compare stocks, funds, or ETFs

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iShares Global Monthly Dividend Index ETF (CAD-Hedged)

Mackenzie All-Equity Allocation ETF

Often compared with CYH.TO:
CYH.TO vs. XDG.TOCYH.TO vs. CUD.TOCYH.TO vs. VDY.TOCYH.TO vs. XEI.TOCYH.TO vs. ZDIVXCYH.TO vs. XDIV.TOCYH.TO vs. VEQT.TO
Often compared with MEQT.TO:
MEQT.TO vs. VXC.TOMEQT.TO vs. ZEQT.TOMEQT.TO vs. XEQT.TOMEQT.TO vs. CAGE.TOMEQT.TO vs. FCIN.NEOMEQT.TO vs. TINF.TOMEQT.TO vs. XDG.TO

Return for Risk

CYH.TO vs. MEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CYH.TO
CYH.TO Risk / Return Rank: 7575
Overall Rank
CYH.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CYH.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
CYH.TO Omega Ratio Rank: 6969
Omega Ratio Rank
CYH.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
CYH.TO Martin Ratio Rank: 8282
Martin Ratio Rank
MEQT.TO
MEQT.TO Risk / Return Rank: 8888
Overall Rank
MEQT.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
MEQT.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
MEQT.TO Omega Ratio Rank: 9191
Omega Ratio Rank
MEQT.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
MEQT.TO Martin Ratio Rank: 8787
Martin Ratio Rank
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.

CYH.TO vs. MEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) 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.

CYH.TOMEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.30
3.05

-0.75

Sortino ratioReturn per unit of downside risk
3.26
4.35

-1.08

Omega ratioGain probability vs. loss probability

1.42

1.60

-0.18

Calmar ratioReturn relative to maximum drawdown

4.29

4.33

-0.04

Martin ratioReturn relative to average drawdown

16.45

18.61

-2.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CYH.TO vs. MEQT.TO - Sharpe Ratio Comparison

The current CYH.TO Sharpe Ratio is 2.30, which is comparable to the MEQT.TO Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of CYH.TO and MEQT.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.

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Sharpe Ratios by Period

CYH.TOMEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

3.05

-0.75

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

2.12

-1.79

Drawdowns

CYH.TO vs. MEQT.TO - Drawdown Comparison

The maximum CYH.TO drawdown since its inception was -61.48%, 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 CYH.TO and MEQT.TO.

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Drawdown Indicators

CYH.TOMEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.48%

-15.14%

-46.34%

Max Drawdown (1Y)

Largest decline over 1 year

-5.34%

-7.68%

+2.34%

Max Drawdown (3Y)

Largest decline over 3 years

-12.13%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.67%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.30%

—

—

Current Drawdown

Current decline from peak

-1.55%

-0.41%

-1.14%

Average Drawdown

Average peak-to-trough decline

-9.94%

-1.29%

-8.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.39%

1.78%

-0.39%

Volatility

CYH.TO vs. MEQT.TO - Volatility Comparison

The current volatility for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) is 2.72%, while Mackenzie All-Equity Allocation ETF (MEQT.TO) has a volatility of 2.96%. This indicates that CYH.TO experiences smaller price fluctuations and is considered to be less risky 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

CYH.TOMEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.72%

2.96%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

7.18%

9.02%

-1.84%

Volatility (1Y)

Calculated over the trailing 1-year period

9.96%

10.92%

-0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.58%

11.87%

+1.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.02%

11.87%

+5.15%

CYH.TO vs. MEQT.TO - Expense Ratio Comparison

CYH.TO has a 0.66% expense ratio, which is higher than MEQT.TO's 0.17% expense ratio.

Dividends

CYH.TO vs. MEQT.TO - Dividend Comparison

CYH.TO's dividend yield for the trailing twelve months is around 3.34%, more than MEQT.TO's 1.45% yield.

PositionTTM20252024202320222021202020192018201720162015
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		3.34%3.77%4.33%4.68%4.72%3.89%4.51%4.01%3.98%3.03%3.39%3.84%
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

CYH.TO and MEQT.TO have a correlation of 0.30, 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 0.66% for CYH.TO.

They also come from different issuers: iShares and Mackenzie Investments. Their fees differ too: 0.66% for CYH.TO and 0.17% for MEQT.TO.

Portfolio Optimizer

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