EVO.TO vs. ZEQT.TO
EVO.TO (Evovest Global Equity ETF) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, EVO.TO returned 10.06% vs 31.85% for ZEQT.TO. A 0.74 correlation means they provide meaningful diversification when combined. EVO.TO charges 1.15%/yr vs 0.20%/yr for ZEQT.TO.
Performance
EVO.TO vs. ZEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EVO.TO achieves a 8.74% return, which is significantly lower than ZEQT.TO's 13.04% return.
EVO.TO
- 1D
- 0.33%
- 1M
- 3.77%
- YTD
- 8.74%
- 6M
- -0.44%
- 1Y
- 10.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZEQT.TO
- 1D
- -0.43%
- 1M
- 6.38%
- YTD
- 13.04%
- 6M
- 12.85%
- 1Y
- 31.85%
- 3Y*
- 22.90%
- 5Y*
- —
- 10Y*
- —
EVO.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVO.TO Evovest Global Equity ETF | 8.74% | 14.20% | 6.29% |
ZEQT.TO BMO All-Equity ETF | 13.04% | 19.67% | 14.23% |
Correlation
The correlation between EVO.TO and ZEQT.TO is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024 | 0.74 |
The correlation between EVO.TO and ZEQT.TO has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
EVO.TO vs. ZEQT.TO — Risk / Return Rank
EVO.TO
ZEQT.TO
EVO.TO vs. ZEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evovest Global Equity ETF (EVO.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.
| EVO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.46 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 3.67 | -2.81 |
| Martin ratioReturn relative to average drawdown | 2.48 | 15.48 | -13.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.51 | -1.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.19 | -0.38 |
Drawdowns
EVO.TO vs. ZEQT.TO - Drawdown Comparison
The maximum EVO.TO drawdown since its inception was -12.72%, smaller than the maximum ZEQT.TO drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for EVO.TO and ZEQT.TO.
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Drawdown Indicators
| EVO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.72% | -16.87% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.72% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.34% | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.16% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -3.01% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.06% | +2.00% |
Volatility
EVO.TO vs. ZEQT.TO - Volatility Comparison
The current volatility for Evovest Global Equity ETF (EVO.TO) is 3.45%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 5.22%. This indicates that EVO.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.
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Volatility by Period
| EVO.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 5.22% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 10.46% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 12.75% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 13.85% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 13.85% | +2.84% |
EVO.TO vs. ZEQT.TO - Expense Ratio Comparison
EVO.TO has a 1.15% expense ratio, which is higher than ZEQT.TO's 0.20% expense ratio.
Dividends
EVO.TO vs. ZEQT.TO - Dividend Comparison
EVO.TO's dividend yield for the trailing twelve months is around 0.56%, less than ZEQT.TO's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EVO.TO Evovest Global Equity ETF | 0.56% | 0.61% | 0.78% | 0.00% | 0.00% |
ZEQT.TO BMO All-Equity ETF | 1.28% | 1.45% | 1.69% | 2.13% | 2.43% |
Frequently Asked Questions
EVO.TO and ZEQT.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZEQT.TO is cheaper with a 0.20% expense ratio, compared with 1.15% for EVO.TO.
They also come from different issuers: National Bank Investments and BMO. Their fees differ too: 1.15% for EVO.TO and 0.20% for ZEQT.TO.
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