MEQT.TO vs. ONEQ.TO
MEQT.TO (Mackenzie All-Equity Allocation ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, MEQT.TO returned 28.93% vs 27.17% for ONEQ.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
MEQT.TO vs. ONEQ.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MEQT.TO having a 14.10% return and ONEQ.TO slightly higher at 14.70%.
MEQT.TO
- 1D
- -0.06%
- 1M
- 1.65%
- 6M
- 10.31%
- YTD
- 14.10%
- 1Y
- 28.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEQ.TO
- 1D
- 0.37%
- 1M
- 1.81%
- 6M
- 11.55%
- YTD
- 14.70%
- 1Y
- 27.17%
- 3Y*
- 21.45%
- 5Y*
- 13.44%
- 10Y*
- 12.00%
MEQT.TO vs. ONEQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 14.10% | 21.31% | 25.87% | 2.36% |
ONEQ.TO CI Global Core Plus Equity ETF | 14.70% | 17.62% | 22.45% | 3.97% |
Correlation
The correlation between MEQT.TO and ONEQ.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023 | 0.28 |
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Return for Risk
MEQT.TO vs. ONEQ.TO — Risk / Return Rank
MEQT.TO
ONEQ.TO
MEQT.TO vs. ONEQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie All-Equity Allocation ETF (MEQT.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.
| MEQT.TO | ONEQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.05 | -0.26 |
| Martin ratioReturn relative to average drawdown | 15.78 | 17.86 | -2.08 |
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Drawdowns
MEQT.TO vs. ONEQ.TO - Drawdown Comparison
The maximum MEQT.TO drawdown since its inception was -15.14%, smaller than the maximum ONEQ.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for MEQT.TO and ONEQ.TO.
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Drawdown Indicators
| MEQT.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -34.40% | +19.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -6.66% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.40% | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.03% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -3.70% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.51% | +0.33% |
Volatility
MEQT.TO vs. ONEQ.TO - Volatility Comparison
Mackenzie All-Equity Allocation ETF (MEQT.TO) and CI Global Core Plus Equity ETF (ONEQ.TO) have volatilities of 3.50% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEQT.TO | ONEQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.42% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 9.89% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 11.94% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 13.28% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.03% | 13.91% | -1.88% |
Dividends
MEQT.TO vs. ONEQ.TO - Dividend Comparison
MEQT.TO's dividend yield for the trailing twelve months is around 1.46%, less than ONEQ.TO's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.46% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 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
MEQT.TO and ONEQ.TO have a correlation of 0.28, 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: Mackenzie Investments and CI.
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