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

PZW.TO vs. MEQT.TO

Last updated Jun 8, 2026

PZW.TO (Invesco FTSE RAFI Global Small-Mid ETF) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. PZW.TO is passively managed, while MEQT.TO is actively managed.

Performance

PZW.TO vs. MEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO) and Mackenzie All-Equity Allocation ETF (MEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

PZW.TO

1D
0.54%
1M
1.10%
YTD
13.28%
6M
11.79%
1Y
31.67%
3Y*
19.50%
5Y*
10.19%
10Y*
11.06%

MEQT.TO

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Invesco FTSE RAFI Global Small-Mid ETF

Mackenzie All-Equity Allocation ETF

Often compared with PZW.TO:
PZW.TO vs. EQL.TOPZW.TO vs. QQC.TOPZW.TO vs. XML.TOPZW.TO vs. CYH.TOPZW.TO vs. EQLI.TOPZW.TO vs. VVO.TOPZW.TO vs. TEQT.TO
Often compared with MEQT.TO:
MEQT.TO vs. VXC.TOMEQT.TO vs. ZEQT.TOMEQT.TO vs. CAGE.TOMEQT.TO vs. XEQT.TOMEQT.TO vs. TINF.TOMEQT.TO vs. FCIN.NEOMEQT.TO vs. XDG.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PZW.TO
PZW.TO Risk / Return Rank: 7979
Overall Rank
PZW.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
PZW.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
PZW.TO Omega Ratio Rank: 8282
Omega Ratio Rank
PZW.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
PZW.TO Martin Ratio Rank: 7777
Martin Ratio Rank
MEQT.TO
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI Global Small-Mid ETF (PZW.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.

PZW.TOMEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.25

—

—

Sortino ratioReturn per unit of downside risk
3.30

—

—

Omega ratioGain probability vs. loss probability

1.44

—

—

Calmar ratioReturn relative to maximum drawdown

3.74

—

—

Martin ratioReturn relative to average drawdown

13.35

—

—

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

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

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Sharpe Ratios by Period

PZW.TOMEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.25

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.70

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

—

—

Drawdowns

PZW.TO vs. MEQT.TO - Drawdown Comparison

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Drawdown Indicators

PZW.TOMEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.45%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.88%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.13%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-32.45%

—

—

Current Drawdown

Current decline from peak

-0.38%

—

—

Average Drawdown

Average peak-to-trough decline

-5.75%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

—

—

Volatility

PZW.TO vs. MEQT.TO - Volatility Comparison

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Volatility by Period

PZW.TOMEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.36%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

10.40%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.15%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.65%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.93%

—

—

Dividends

PZW.TO vs. MEQT.TO - Dividend Comparison

PZW.TO's dividend yield for the trailing twelve months is around 1.72%, while MEQT.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MEQT.TO
Mackenzie All-Equity Allocation ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PZW.TO
Invesco FTSE RAFI Global Small-Mid ETF		1.72%1.97%2.12%3.23%1.90%1.93%1.52%2.26%1.78%1.57%1.09%0.96%

Frequently Asked Questions

They also come from different issuers: Invesco and Mackenzie Investments.

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