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MEQT.TO vs. XWD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MEQT.TO vs. XWD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Mackenzie All-Equity Allocation ETF (MEQT.TO) and iShares MSCI World Index ETF (XWD.TO).

MEQT.TO and XWD.TO 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. XWD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 18, 2009.

Performance

MEQT.TO vs. XWD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie All-Equity Allocation ETF (MEQT.TO) and iShares MSCI World Index ETF (XWD.TO). The values are adjusted to include any dividend payments, if applicable.

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MEQT.TO vs. XWD.TO - Yearly Performance Comparison

2026 (YTD)202520242023
MEQT.TO
Mackenzie All-Equity Allocation ETF		0.51%21.31%25.87%2.16%
XWD.TO
iShares MSCI World Index ETF		-1.72%15.25%28.07%1.67%

Returns By Period

In the year-to-date period, MEQT.TO achieves a 0.51% return, which is significantly higher than XWD.TO's -1.72% return.

MEQT.TO

1D
2.74%
1M
-4.35%
YTD
0.51%
6M
4.06%
1Y
22.70%
3Y*
—
5Y*
—
10Y*
—

XWD.TO

1D
2.82%
1M
-4.01%
YTD
-1.72%
6M
-0.04%
1Y
14.90%
3Y*
17.56%
5Y*
12.37%
10Y*
12.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Mackenzie All-Equity Allocation ETF

iShares MSCI World Index ETF

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Often compared with XWD.TO:
XWD.TO vs. XEQT.TOXWD.TO vs. URTHXWD.TO vs. VTXWD.TO vs. VWRA.LXWD.TO vs. ZGQ.TOXWD.TO vs. SPYXWD.TO vs. VEQT.TO

MEQT.TO vs. XWD.TO - Expense Ratio Comparison

MEQT.TO has a 0.17% expense ratio, which is lower than XWD.TO's 0.48% expense ratio.

XWD.TO
iShares MSCI World Index ETF
MEQT.TO
Mackenzie All-Equity Allocation ETF

Return for Risk

MEQT.TO vs. XWD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MEQT.TO
MEQT.TO Risk / Return Rank: 8282
Overall Rank
MEQT.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
MEQT.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
MEQT.TO Omega Ratio Rank: 8787
Omega Ratio Rank
MEQT.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
MEQT.TO Martin Ratio Rank: 8181
Martin Ratio Rank
XWD.TO
XWD.TO Risk / Return Rank: 5555
Overall Rank
XWD.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEQT.TO vs. XWD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie All-Equity Allocation ETF (MEQT.TO) and iShares MSCI World Index ETF (XWD.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.

MEQT.TOXWD.TODifference

Sharpe ratio

Return per unit of total volatility

1.68

0.87

+0.80

Sortino ratio

Return per unit of downside risk

2.26

1.28

+0.98

Omega ratio

Gain probability vs. loss probability

1.36

1.20

+0.16

Calmar ratio

Return relative to maximum drawdown

2.04

1.29

+0.75

Martin ratio

Return relative to average drawdown

9.17

5.51

+3.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEQT.TO vs. XWD.TO - Sharpe Ratio Comparison

The current MEQT.TO Sharpe Ratio is 1.68, which is higher than the XWD.TO Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of MEQT.TO and XWD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

MEQT.TOXWD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

0.87

+0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.91

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.77

0.85

+0.92

Correlation

The correlation between MEQT.TO and XWD.TO is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MEQT.TO vs. XWD.TO - Dividend Comparison

MEQT.TO's dividend yield for the trailing twelve months is around 1.63%, more than XWD.TO's 1.35% yield.

TTM20252024202320222021202020192018201720162015
MEQT.TO
Mackenzie All-Equity Allocation ETF		1.63%1.60%1.73%0.81%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XWD.TO
iShares MSCI World Index ETF		1.35%1.33%1.19%1.39%1.36%1.21%1.06%1.77%1.94%1.63%1.83%1.84%

Drawdowns

MEQT.TO vs. XWD.TO - Drawdown Comparison

The maximum MEQT.TO drawdown since its inception was -15.14%, smaller than the maximum XWD.TO drawdown of -27.48%. Use the drawdown chart below to compare losses from any high point for MEQT.TO and XWD.TO.

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Drawdown Indicators

MEQT.TOXWD.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.14%

-27.48%

+12.34%

Max Drawdown (1Y)

Largest decline over 1 year

-11.19%

-12.14%

+0.95%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.40%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.48%

—

Current Drawdown

Current decline from peak

-4.89%

-5.05%

+0.16%

Average Drawdown

Average peak-to-trough decline

-1.32%

-3.52%

+2.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.84%

-0.35%

Volatility

MEQT.TO vs. XWD.TO - Volatility Comparison

Mackenzie All-Equity Allocation ETF (MEQT.TO) and iShares MSCI World Index ETF (XWD.TO) have volatilities of 5.75% and 5.62%, 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.TOXWD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.75%

5.62%

+0.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

9.28%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

13.61%

17.14%

-3.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.90%

13.66%

-1.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.90%

15.34%

-3.44%