ETHI.TO vs. ZEQT.TO
ETHI.TO (Global X Global Sustainability Leaders Index ETF) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, ETHI.TO returned 13.04%/yr vs 24.86%/yr for ZEQT.TO. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
ETHI.TO vs. ZEQT.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 ZEQT.TO's 14.44% 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*
- —
ZEQT.TO
- 1D
- 0.22%
- 1M
- 0.11%
- 6M
- 10.44%
- YTD
- 14.44%
- 1Y
- 28.79%
- 3Y*
- 24.86%
- 5Y*
- —
- 10Y*
- —
ETHI.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETHI.TO Global X Global Sustainability Leaders Index ETF | 8.35% | 8.90% | 15.46% | 23.45% | -15.29% |
ZEQT.TO BMO All-Equity ETF | 14.44% | 21.71% | 30.06% | 22.28% | -0.83% |
Correlation
The correlation between ETHI.TO and ZEQT.TO is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.67 |
The correlation between ETHI.TO and ZEQT.TO has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
ETHI.TO vs. ZEQT.TO — Risk / Return Rank
ETHI.TO
ZEQT.TO
ETHI.TO vs. ZEQT.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 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.
| ETHI.TO | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.32 | -2.04 |
| Martin ratioReturn relative to average drawdown | 4.64 | 13.57 | -8.93 |
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Drawdowns
ETHI.TO vs. ZEQT.TO - Drawdown Comparison
The maximum ETHI.TO drawdown since its inception was -32.78%, 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 ETHI.TO and ZEQT.TO.
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Drawdown Indicators
| ETHI.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -15.18% | -17.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -8.72% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | -14.62% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -1.19% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -2.55% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.13% | +1.06% |
Volatility
ETHI.TO vs. ZEQT.TO - Volatility Comparison
Global X Global Sustainability Leaders Index ETF (ETHI.TO) has a higher volatility of 3.72% compared to BMO All-Equity ETF (ZEQT.TO) at 2.89%. This indicates that ETHI.TO's price experiences larger fluctuations and is considered to be riskier than ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 2.89% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 11.16% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 13.42% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 13.47% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 13.47% | +6.49% |
Dividends
ETHI.TO vs. ZEQT.TO - Dividend Comparison
ETHI.TO's dividend yield for the trailing twelve months is around 0.80%, less than ZEQT.TO's 1.28% 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% |
ZEQT.TO BMO All-Equity ETF | 1.28% | 2.89% | 5.08% | 6.40% | 7.31% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHI.TO and ZEQT.TO have a correlation of 0.71, 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 BMO.
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