MEQT.TO vs. WSHR.NEO
Compare and contrast key facts about Mackenzie All-Equity Allocation ETF (MEQT.TO) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO).
MEQT.TO and WSHR.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEQT.TO is an actively managed fund by Mackenzie Investments. It was launched on Nov 20, 2023. WSHR.NEO is a passively managed fund by Mackenzie that tracks the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. It was launched on May 12, 2021.
Performance
MEQT.TO vs. WSHR.NEO - Performance Comparison
Loading graphics...
MEQT.TO vs. WSHR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 0.51% | 21.31% | 25.87% | 2.16% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.81% | 5.34% | 12.31% | 2.74% |
Returns By Period
In the year-to-date period, MEQT.TO achieves a 0.51% return, which is significantly lower than WSHR.NEO's 1.81% return.
MEQT.TO
- 1D
- 2.74%
- 1M
- -4.35%
- YTD
- 0.51%
- 6M
- 4.06%
- 1Y
- 22.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WSHR.NEO
- 1D
- 2.20%
- 1M
- -4.57%
- YTD
- 1.81%
- 6M
- 1.00%
- 1Y
- 3.19%
- 3Y*
- 8.19%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MEQT.TO vs. WSHR.NEO - Expense Ratio Comparison
MEQT.TO has a 0.17% expense ratio, which is lower than WSHR.NEO's 0.56% expense ratio.
Return for Risk
MEQT.TO vs. WSHR.NEO — Risk / Return Rank
MEQT.TO
WSHR.NEO
MEQT.TO vs. WSHR.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie All-Equity Allocation ETF (MEQT.TO) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO). 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.
| MEQT.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.68 | 0.23 | +1.45 |
Sortino ratioReturn per unit of downside risk | 2.26 | 0.40 | +1.86 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.30 | +1.74 |
Martin ratioReturn relative to average drawdown | 9.17 | 0.99 | +8.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MEQT.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 0.23 | +1.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.64 | +1.13 |
Correlation
The correlation between MEQT.TO and WSHR.NEO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MEQT.TO vs. WSHR.NEO - Dividend Comparison
MEQT.TO's dividend yield for the trailing twelve months is around 1.63%, more than WSHR.NEO's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.63% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.37% | 1.34% | 1.31% | 1.34% | 2.58% | 0.44% |
Drawdowns
MEQT.TO vs. WSHR.NEO - Drawdown Comparison
The maximum MEQT.TO drawdown since its inception was -15.14%, smaller than the maximum WSHR.NEO drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for MEQT.TO and WSHR.NEO.
Loading graphics...
Drawdown Indicators
| MEQT.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.14% | -20.86% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -9.72% | -1.47% |
Current DrawdownCurrent decline from peak | -4.89% | -4.82% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -4.87% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.96% | -0.47% |
Volatility
MEQT.TO vs. WSHR.NEO - Volatility Comparison
Mackenzie All-Equity Allocation ETF (MEQT.TO) has a higher volatility of 5.75% compared to Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) at 4.92%. This indicates that MEQT.TO's price experiences larger fluctuations and is considered to be riskier than WSHR.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MEQT.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 4.92% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 9.01% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 14.21% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 11.18% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.90% | 11.18% | +0.72% |