VEQT.TO vs. ZCOM.NEO

Last updated Jul 12, 2026

VEQT.TO (Vanguard All-Equity ETF Portfolio) and ZCOM.NEO (BMO Broad Commodity ETF (CAD Units)) are both exchange-traded funds - VEQT.TO is a Global Equities fund actively managed by Vanguard, while ZCOM.NEO is a Commodities fund tracking the Bloomberg Commodity Index Total Return. VEQT.TO is actively managed, while ZCOM.NEO is passively managed. At a correlation of -0.02, they often move in opposite directions. VEQT.TO charges 0.24%/yr vs 0.30%/yr for ZCOM.NEO.

Performance

VEQT.TO vs. ZCOM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard All-Equity ETF Portfolio (VEQT.TO) and BMO Broad Commodity ETF (CAD Units) (ZCOM.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEQT.TO achieves a 14.88% return, which is significantly lower than ZCOM.NEO's 21.66% return.

VEQT.TO

• 1D: 0.28%
• 1M: 2.83%
• 6M: 10.85%
• YTD: 14.88%
• 1Y: 29.52%
• 3Y*: 22.79%
• 5Y*: 13.73%
• 10Y*: —

ZCOM.NEO

• 1D: -0.03%
• 1M: -1.15%
• 6M: 17.11%
• YTD: 21.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEQT.TO vs. ZCOM.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
VEQT.TO Vanguard All-Equity ETF Portfolio	14.88%	1.33%
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	21.66%	1.56%

Correlation

The correlation between VEQT.TO and ZCOM.NEO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.02

Return for Risk

VEQT.TO vs. ZCOM.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEQT.TO

VEQT.TO Risk / Return Rank: 88
VEQT.TO Sharpe Ratio Rank: 90
VEQT.TO Sortino Ratio Rank: 89
VEQT.TO Omega Ratio Rank: 88
VEQT.TO Calmar Ratio Rank: 84
VEQT.TO Martin Ratio Rank: 89

ZCOM.NEO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VEQT.TO vs. ZCOM.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard All-Equity ETF Portfolio (VEQT.TO) and BMO Broad Commodity ETF (CAD Units) (ZCOM.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.

	VEQT.TO	ZCOM.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.37	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.63	—	—
Martin ratio: Return relative to average drawdown	15.57	—	—

Drawdowns

VEQT.TO vs. ZCOM.NEO - Drawdown Comparison

The maximum VEQT.TO drawdown since its inception was -30.45%, which is greater than ZCOM.NEO's maximum drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for VEQT.TO and ZCOM.NEO.

Drawdown Indicators

	VEQT.TO	ZCOM.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-30.45%	-11.54%	-18.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.32%	—	—
Current Drawdown Current decline from peak	-0.48%	-7.98%	+7.50%
Average Drawdown Average peak-to-trough decline	-3.67%	-2.75%	-0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	—	—

Volatility

Volatility by Period

	VEQT.TO	ZCOM.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	22.06%	-9.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	22.06%	-9.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	22.06%	-6.30%

VEQT.TO vs. ZCOM.NEO - Expense Ratio Comparison

VEQT.TO has a 0.24% expense ratio, which is lower than ZCOM.NEO's 0.30% expense ratio.

Dividends

VEQT.TO vs. ZCOM.NEO - Dividend Comparison

VEQT.TO's dividend yield for the trailing twelve months is around 1.23%, less than ZCOM.NEO's 6.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VEQT.TO Vanguard All-Equity ETF Portfolio	1.23%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.43%
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	6.05%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VEQT.TO and ZCOM.NEO in my portfolio?

VEQT.TO and ZCOM.NEO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEQT.TO or ZCOM.NEO?

On fees, VEQT.TO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEQT.TO or ZCOM.NEO?

VEQT.TO is cheaper with a 0.24% expense ratio, compared with 0.30% for ZCOM.NEO.

What is the main difference between VEQT.TO and ZCOM.NEO?

VEQT.TO is categorized as Global Equities, while ZCOM.NEO is Commodities. They also come from different issuers: Vanguard and BMO. Their fees differ too: 0.24% for VEQT.TO and 0.30% for ZCOM.NEO.