ETHI.TO vs. MEQT.TO
ETHI.TO (Global X Global Sustainability Leaders Index ETF) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. Both are actively managed. Over the past year, ETHI.TO returned 14.76% vs 28.93% for MEQT.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
ETHI.TO vs. MEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHI.TO achieves a 8.35% return, which is significantly lower than MEQT.TO's 14.10% return.
ETHI.TO
- 1D
- 0.11%
- 1M
- 2.07%
- 6M
- 8.18%
- YTD
- 8.35%
- 1Y
- 14.76%
- 3Y*
- 13.04%
- 5Y*
- 6.68%
- 10Y*
- —
MEQT.TO
- 1D
- 0.00%
- 1M
- -0.03%
- 6M
- 10.24%
- YTD
- 14.10%
- 1Y
- 28.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHI.TO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETHI.TO Global X Global Sustainability Leaders Index ETF | 8.35% | 8.90% | 15.46% | 6.78% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 14.10% | 21.31% | 25.87% | 2.36% |
Correlation
The correlation between ETHI.TO and MEQT.TO is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.49 |
The correlation between ETHI.TO and MEQT.TO shifts across timeframes, from 0.49 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETHI.TO vs. MEQT.TO — Risk / Return Rank
ETHI.TO
MEQT.TO
ETHI.TO vs. MEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Global Sustainability Leaders Index ETF (ETHI.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.
| ETHI.TO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.46 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.78 | -2.51 |
| Martin ratioReturn relative to average drawdown | 4.64 | 15.77 | -11.13 |
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Drawdowns
ETHI.TO vs. MEQT.TO - Drawdown Comparison
The maximum ETHI.TO drawdown since its inception was -32.78%, 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 ETHI.TO and MEQT.TO.
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Drawdown Indicators
| ETHI.TO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -15.14% | -17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -7.68% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.15% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -1.28% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 1.84% | +1.35% |
Volatility
ETHI.TO vs. MEQT.TO - Volatility Comparison
Global X Global Sustainability Leaders Index ETF (ETHI.TO) has a higher volatility of 3.72% compared to Mackenzie All-Equity Allocation ETF (MEQT.TO) at 3.07%. This indicates that ETHI.TO's price experiences larger fluctuations and is considered to be riskier 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
| ETHI.TO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.07% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 10.08% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 11.84% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 12.02% | +5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 12.02% | +7.94% |
Dividends
ETHI.TO vs. MEQT.TO - Dividend Comparison
ETHI.TO's dividend yield for the trailing twelve months is around 0.80%, less than MEQT.TO's 1.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ETHI.TO Global X Global Sustainability Leaders Index ETF | 0.80% | 0.99% | 0.82% | 1.06% | 1.09% | 1.22% | 0.84% | 0.64% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.46% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHI.TO and MEQT.TO have a correlation of 0.66, 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: Global X and Mackenzie Investments.
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