MIVG.TO vs. QTIP.NEO
MIVG.TO (Mackenzie Ivy Global Equity ETF) and QTIP.NEO (Mackenzie US TIPS Index ETF (CAD-Hedged)) are both exchange-traded funds - MIVG.TO is a Global Equities fund actively managed by Mackenzie, while QTIP.NEO is a Inflation-Protected Bonds fund tracking the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index. MIVG.TO is actively managed, while QTIP.NEO is passively managed. Over the past 5 years, MIVG.TO returned 8.69%/yr vs -0.43%/yr for QTIP.NEO. At a 0.02 correlation, their price movements are largely independent.
Performance
MIVG.TO vs. QTIP.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MIVG.TO achieves a 4.03% return, which is significantly higher than QTIP.NEO's 0.24% return.
MIVG.TO
- 1D
- 0.52%
- 1M
- 2.75%
- 6M
- 1.92%
- YTD
- 4.03%
- 1Y
- 9.96%
- 3Y*
- 13.54%
- 5Y*
- 8.69%
- 10Y*
- —
QTIP.NEO
- 1D
- 0.22%
- 1M
- -0.60%
- 6M
- -0.27%
- YTD
- 0.24%
- 1Y
- 1.67%
- 3Y*
- 2.34%
- 5Y*
- -0.43%
- 10Y*
- —
MIVG.TO vs. QTIP.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 4.03% | 9.98% | 23.80% | 11.57% | -8.98% | 12.79% | 11.20% | 17.97% | 0.26% |
QTIP.NEO Mackenzie US TIPS Index ETF (CAD-Hedged) | 0.24% | 4.82% | 0.82% | 3.16% | -12.98% | 6.05% | 9.48% | 7.49% | -0.75% |
Correlation
The correlation between MIVG.TO and QTIP.NEO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2018 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MIVG.TO vs. QTIP.NEO — Risk / Return Rank
MIVG.TO
QTIP.NEO
MIVG.TO vs. QTIP.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Ivy Global Equity ETF (MIVG.TO) and Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.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.
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.
| MIVG.TO | QTIP.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.77 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.31 | 1.77 | +0.55 |
Loading charts...
Drawdowns
MIVG.TO vs. QTIP.NEO - Drawdown Comparison
The maximum MIVG.TO drawdown since its inception was -22.69%, which is greater than QTIP.NEO's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for MIVG.TO and QTIP.NEO.
Loading charts...
Drawdown Indicators
| MIVG.TO | QTIP.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -15.31% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -2.02% | -8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -4.79% | -7.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -15.31% | -3.57% |
Current DrawdownCurrent decline from peak | -1.09% | -4.99% | +3.90% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -4.89% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 0.88% | +2.83% |
Volatility
MIVG.TO vs. QTIP.NEO - Volatility Comparison
Mackenzie Ivy Global Equity ETF (MIVG.TO) has a higher volatility of 4.64% compared to Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) at 1.20%. This indicates that MIVG.TO's price experiences larger fluctuations and is considered to be riskier than QTIP.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIVG.TO | QTIP.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 1.20% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 2.73% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.82% | 3.68% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 6.23% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 6.29% | +7.13% |
Dividends
MIVG.TO vs. QTIP.NEO - Dividend Comparison
MIVG.TO's dividend yield for the trailing twelve months is around 0.63%, less than QTIP.NEO's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MIVG.TO Mackenzie Ivy Global Equity ETF | 0.63% | 0.66% | 0.54% | 1.17% | 1.11% | 0.59% | 0.86% | 1.18% | 0.91% | 0.04% |
QTIP.NEO Mackenzie US TIPS Index ETF (CAD-Hedged) | 4.02% | 4.54% | 4.53% | 4.76% | 9.47% | 5.24% | 1.55% | 2.29% | 2.91% | 0.00% |
Frequently Asked Questions
MIVG.TO and QTIP.NEO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIVG.TO is categorized as Global Equities, while QTIP.NEO is Inflation-Protected Bonds.
Find the right allocation for MIVG.TO and QTIP.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer