DISC.TO vs. ZEQT.TO
DISC.TO (BMO Global Consumer Discretionary Hedged to CAD Index ETF) and ZEQT.TO (BMO All-Equity ETF) are both exchange-traded funds - DISC.TO is a Consumer Discretionary Equities fund managed by BMO, while ZEQT.TO is a Global Equities fund actively managed by BMO. Over the past 3 years, DISC.TO returned 9.71%/yr vs 25.46%/yr for ZEQT.TO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
DISC.TO vs. ZEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DISC.TO achieves a -4.66% return, which is significantly lower than ZEQT.TO's 14.64% return.
DISC.TO
- 1D
- -0.36%
- 1M
- -2.63%
- YTD
- -4.66%
- 6M
- -4.88%
- 1Y
- 0.44%
- 3Y*
- 9.71%
- 5Y*
- 5.39%
- 10Y*
- —
ZEQT.TO
- 1D
- 0.56%
- 1M
- 2.12%
- YTD
- 14.64%
- 6M
- 14.14%
- 1Y
- 30.15%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
DISC.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DISC.TO BMO Global Consumer Discretionary Hedged to CAD Index ETF | -4.66% | 7.78% | 22.18% | 32.83% | -19.90% |
ZEQT.TO BMO All-Equity ETF | 14.64% | 21.71% | 30.06% | 22.28% | -0.83% |
Correlation
The correlation between DISC.TO and ZEQT.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.51 |
Over the past year, the correlation between DISC.TO and ZEQT.TO has dropped to 0.31 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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
DISC.TO vs. ZEQT.TO — Risk / Return Rank
DISC.TO
ZEQT.TO
DISC.TO vs. ZEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC.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.
| DISC.TO | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.42 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 3.47 | -3.44 |
| Martin ratioReturn relative to average drawdown | 0.09 | 14.27 | -14.17 |
Loading charts...
Drawdowns
DISC.TO vs. ZEQT.TO - Drawdown Comparison
The maximum DISC.TO drawdown since its inception was -35.21%, 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 DISC.TO and ZEQT.TO.
Loading charts...
Drawdown Indicators
| DISC.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -15.18% | -20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -8.72% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -14.62% | -6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | — | — |
Current DrawdownCurrent decline from peak | -7.24% | -0.53% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -2.57% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 2.12% | +2.58% |
Volatility
DISC.TO vs. ZEQT.TO - Volatility Comparison
The current volatility for BMO Global Consumer Discretionary Hedged to CAD Index ETF (DISC.TO) is 4.22%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 4.49%. This indicates that DISC.TO experiences smaller price fluctuations and is considered to be less risky than ZEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DISC.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.49% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 11.10% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 13.29% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 13.49% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 13.49% | +5.44% |
Dividends
DISC.TO vs. ZEQT.TO - Dividend Comparison
DISC.TO's dividend yield for the trailing twelve months is around 0.63%, less than ZEQT.TO's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DISC.TO BMO Global Consumer Discretionary Hedged to CAD Index ETF | 0.63% | 0.66% | 0.83% | 1.01% | 1.14% | 0.74% | 0.93% | 1.32% | 1.80% | 0.95% |
ZEQT.TO BMO All-Equity ETF | 1.27% | 2.89% | 5.08% | 6.40% | 7.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DISC.TO and ZEQT.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DISC.TO is categorized as Consumer Discretionary Equities, while ZEQT.TO is Global Equities.
Find the right allocation for DISC.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