ESGA.TO vs. ZEQT.TO
ESGA.TO (BMO MSCI Canada Selection Equity Index ETF) and ZEQT.TO (BMO All-Equity ETF) are both exchange-traded funds - ESGA.TO is a Canada Equities fund managed by BMO, while ZEQT.TO is a Global Equities fund actively managed by BMO. Over the past 3 years, ESGA.TO returned 22.99%/yr vs 25.46%/yr for ZEQT.TO. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
ESGA.TO vs. ZEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGA.TO achieves a 8.01% return, which is significantly lower than ZEQT.TO's 14.64% return.
ESGA.TO
- 1D
- 0.16%
- 1M
- 2.81%
- YTD
- 8.01%
- 6M
- 7.25%
- 1Y
- 28.36%
- 3Y*
- 22.99%
- 5Y*
- 12.40%
- 10Y*
- —
ZEQT.TO
- 1D
- 0.56%
- 1M
- 2.12%
- YTD
- 14.64%
- 6M
- 14.14%
- 1Y
- 30.15%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
ESGA.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 8.01% | 32.44% | 21.41% | 13.92% | -9.09% |
ZEQT.TO BMO All-Equity ETF | 14.64% | 21.71% | 30.06% | 22.28% | -0.83% |
Correlation
The correlation between ESGA.TO and ZEQT.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.64 |
The correlation between ESGA.TO and ZEQT.TO has been stable across timeframes, ranging from 0.62 to 0.69 - 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
ESGA.TO vs. ZEQT.TO — Risk / Return Rank
ESGA.TO
ZEQT.TO
ESGA.TO vs. ZEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Canada Selection Equity Index ETF (ESGA.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.
| ESGA.TO | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.47 | -0.12 |
| Martin ratioReturn relative to average drawdown | 11.99 | 14.27 | -2.28 |
Loading charts...
Drawdowns
ESGA.TO vs. ZEQT.TO - Drawdown Comparison
The maximum ESGA.TO drawdown since its inception was -32.68%, 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 ESGA.TO and ZEQT.TO.
Loading charts...
Drawdown Indicators
| ESGA.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -15.18% | -17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -8.72% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -14.62% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.40% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.53% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -2.57% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.12% | +0.25% |
Volatility
ESGA.TO vs. ZEQT.TO - Volatility Comparison
The current volatility for BMO MSCI Canada Selection Equity Index ETF (ESGA.TO) is 3.14%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 4.49%. This indicates that ESGA.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
| ESGA.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 4.49% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 11.10% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 13.29% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 13.49% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 13.49% | +2.74% |
Dividends
ESGA.TO vs. ZEQT.TO - Dividend Comparison
ESGA.TO's dividend yield for the trailing twelve months is around 1.87%, more than ZEQT.TO's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGA.TO BMO MSCI Canada Selection Equity Index ETF | 1.87% | 1.93% | 2.50% | 2.98% | 3.42% | 2.66% | 3.23% |
ZEQT.TO BMO All-Equity ETF | 1.27% | 2.89% | 5.08% | 6.40% | 7.31% | 0.00% | 0.00% |
Frequently Asked Questions
ESGA.TO and ZEQT.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESGA.TO is categorized as Canada Equities, while ZEQT.TO is Global Equities.
Find the right allocation for ESGA.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