HEQT.TO vs. ONEQ.TO
HEQT.TO (Horizons All-Equity Asset Allocation ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, HEQT.TO returned 12.70%/yr vs 13.22%/yr for ONEQ.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
HEQT.TO vs. ONEQ.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HEQT.TO having a 15.01% return and ONEQ.TO slightly lower at 14.56%.
HEQT.TO
- 1D
- 0.08%
- 1M
- 0.06%
- 6M
- 10.97%
- YTD
- 15.01%
- 1Y
- 28.87%
- 3Y*
- 21.12%
- 5Y*
- 12.70%
- 10Y*
- —
ONEQ.TO
- 1D
- -0.68%
- 1M
- 0.39%
- 6M
- 11.89%
- YTD
- 14.56%
- 1Y
- 26.90%
- 3Y*
- 20.72%
- 5Y*
- 13.22%
- 10Y*
- 11.95%
HEQT.TO vs. ONEQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 15.01% | 19.82% | 23.83% | 22.29% | -18.95% | 22.54% | 16.34% | 7.44% |
ONEQ.TO CI Global Core Plus Equity ETF | 14.56% | 17.62% | 22.45% | 19.07% | -10.74% | 21.65% | 8.21% | 6.24% |
Correlation
The correlation between HEQT.TO and ONEQ.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | 0.38 |
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Return for Risk
HEQT.TO vs. ONEQ.TO — Risk / Return Rank
HEQT.TO
ONEQ.TO
HEQT.TO vs. ONEQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons All-Equity Asset Allocation ETF (HEQT.TO) and CI Global Core Plus Equity ETF (ONEQ.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.
| HEQT.TO | ONEQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 4.07 | -0.66 |
| Martin ratioReturn relative to average drawdown | 14.73 | 17.98 | -3.25 |
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Drawdowns
HEQT.TO vs. ONEQ.TO - Drawdown Comparison
The maximum HEQT.TO drawdown since its inception was -31.82%, smaller than the maximum ONEQ.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for HEQT.TO and ONEQ.TO.
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Drawdown Indicators
| HEQT.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.82% | -34.40% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -6.66% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.33% | -16.08% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -17.61% | -7.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.40% | — |
Current DrawdownCurrent decline from peak | -1.19% | -0.68% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -3.70% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.51% | +0.45% |
Volatility
HEQT.TO vs. ONEQ.TO - Volatility Comparison
Horizons All-Equity Asset Allocation ETF (HEQT.TO) has a higher volatility of 3.20% compared to CI Global Core Plus Equity ETF (ONEQ.TO) at 2.84%. This indicates that HEQT.TO's price experiences larger fluctuations and is considered to be riskier than ONEQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEQT.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.84% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 9.88% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 11.96% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 13.28% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 13.91% | +2.93% |
Dividends
HEQT.TO vs. ONEQ.TO - Dividend Comparison
HEQT.TO's dividend yield for the trailing twelve months is around 1.62%, more than ONEQ.TO's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HEQT.TO Horizons All-Equity Asset Allocation ETF | 1.62% | 1.70% | 1.67% | 0.84% | 0.03% | 0.02% | 1.40% | 0.22% | 0.00% | 0.00% | 0.00% |
ONEQ.TO CI Global Core Plus Equity ETF | 1.59% | 1.60% | 1.05% | 1.53% | 1.38% | 0.89% | 1.22% | 1.39% | 0.94% | 1.03% | 1.22% |
Frequently Asked Questions
HEQT.TO and ONEQ.TO have a correlation of 0.33, 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: Horizons and CI.
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