ESGG.TO vs. MEQT.TO
ESGG.TO (BMO MSCI Global Selection Equity Index ETF) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. Over the past year, ESGG.TO returned 27.26% vs 30.92% for MEQT.TO. At a 0.48 correlation, their price movements are largely independent.
Performance
ESGG.TO vs. MEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESGG.TO achieves a 13.51% return, which is significantly lower than MEQT.TO's 14.23% return.
ESGG.TO
- 1D
- 1.89%
- 1M
- 3.45%
- YTD
- 13.51%
- 6M
- 12.68%
- 1Y
- 27.26%
- 3Y*
- 21.79%
- 5Y*
- 14.54%
- 10Y*
- —
MEQT.TO
- 1D
- 0.59%
- 1M
- 1.86%
- YTD
- 14.23%
- 6M
- 13.78%
- 1Y
- 30.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGG.TO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESGG.TO BMO MSCI Global Selection Equity Index ETF | 13.51% | 15.44% | 27.08% | 2.73% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 14.23% | 21.31% | 25.87% | 2.36% |
Correlation
The correlation between ESGG.TO and MEQT.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.48 |
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
ESGG.TO vs. MEQT.TO — Risk / Return Rank
ESGG.TO
MEQT.TO
ESGG.TO vs. MEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI Global Selection Equity Index ETF (ESGG.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.
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.
| ESGG.TO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.51 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 4.04 | -1.09 |
| Martin ratioReturn relative to average drawdown | 11.73 | 16.94 | -5.21 |
Loading charts...
Drawdowns
ESGG.TO vs. MEQT.TO - Drawdown Comparison
The maximum ESGG.TO drawdown since its inception was -27.90%, 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 ESGG.TO and MEQT.TO.
Loading charts...
Drawdown Indicators
| ESGG.TO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -15.14% | -12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -7.68% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.31% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -1.29% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.83% | +0.50% |
Volatility
ESGG.TO vs. MEQT.TO - Volatility Comparison
The current volatility for BMO MSCI Global Selection Equity Index ETF (ESGG.TO) is 3.91%, while Mackenzie All-Equity Allocation ETF (MEQT.TO) has a volatility of 4.75%. This indicates that ESGG.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.
Loading charts...
Volatility by Period
| ESGG.TO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 4.75% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 9.95% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.74% | 11.67% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 12.02% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 12.02% | +4.36% |
Dividends
ESGG.TO vs. MEQT.TO - Dividend Comparison
ESGG.TO's dividend yield for the trailing twelve months is around 0.86%, less than MEQT.TO's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGG.TO BMO MSCI Global Selection Equity Index ETF | 0.86% | 1.01% | 1.20% | 1.56% | 1.82% | 1.53% | 1.87% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.46% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESGG.TO and MEQT.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Mackenzie Investments.
Find the right allocation for ESGG.TO and MEQT.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