ONEQ.TO vs. MEQT.TO
ONEQ.TO (CI Global Core Plus Equity ETF) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. Both are actively managed. Over the past year, ONEQ.TO returned 26.29% vs 30.92% for MEQT.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
ONEQ.TO vs. MEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ONEQ.TO achieves a 12.41% return, which is significantly lower than MEQT.TO's 14.23% return.
ONEQ.TO
- 1D
- -0.02%
- 1M
- -0.52%
- YTD
- 12.41%
- 6M
- 12.14%
- 1Y
- 26.29%
- 3Y*
- 21.18%
- 5Y*
- 12.91%
- 10Y*
- 12.40%
MEQT.TO
- 1D
- 0.59%
- 1M
- 1.86%
- YTD
- 14.23%
- 6M
- 13.78%
- 1Y
- 30.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONEQ.TO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ONEQ.TO CI Global Core Plus Equity ETF | 12.41% | 17.62% | 22.45% | 3.97% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 14.23% | 21.31% | 25.87% | 2.36% |
Correlation
The correlation between ONEQ.TO and MEQT.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 | 0.29 |
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Return for Risk
ONEQ.TO vs. MEQT.TO — Risk / Return Rank
ONEQ.TO
MEQT.TO
ONEQ.TO vs. MEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Core Plus Equity ETF (ONEQ.TO) and Mackenzie All-Equity Allocation ETF (MEQT.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.
| ONEQ.TO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.51 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.04 | +0.03 |
| Martin ratioReturn relative to average drawdown | 18.06 | 16.94 | +1.12 |
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Drawdowns
ONEQ.TO vs. MEQT.TO - Drawdown Comparison
The maximum ONEQ.TO drawdown since its inception was -34.40%, which is greater than MEQT.TO's maximum drawdown of -15.14%. Use the drawdown chart below to compare losses from any high point for ONEQ.TO and MEQT.TO.
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Drawdown Indicators
| ONEQ.TO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -15.14% | -19.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -7.68% | +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 | -1.58% | -0.29% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -1.29% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.83% | -0.33% |
Volatility
ONEQ.TO vs. MEQT.TO - Volatility Comparison
The current volatility for CI Global Core Plus Equity ETF (ONEQ.TO) is 3.68%, while Mackenzie All-Equity Allocation ETF (MEQT.TO) has a volatility of 4.75%. This indicates that ONEQ.TO experiences smaller price fluctuations and is considered to be less risky than MEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEQ.TO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.75% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 9.95% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 11.67% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 12.02% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.93% | 12.02% | +1.91% |
Dividends
ONEQ.TO vs. MEQT.TO - Dividend Comparison
ONEQ.TO's dividend yield for the trailing twelve months is around 1.62%, more than MEQT.TO's 1.46% 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 | 1.62% | 1.60% | 1.05% | 1.53% | 1.38% | 0.89% | 1.22% | 1.39% | 0.94% | 1.03% | 1.22% |
Frequently Asked Questions
ONEQ.TO and MEQT.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: CI and Mackenzie Investments.
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