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VVL.TO vs. ZEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVL.TO vs. ZEQT.TO

Last updated Jun 4, 2026

VVL.TO (Vanguard Global Value Factor ETF CAD) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, VVL.TO returned 21.25%/yr vs 22.90%/yr for ZEQT.TO. A 0.68 correlation means they provide meaningful diversification when combined. VVL.TO charges 0.38%/yr vs 0.20%/yr for ZEQT.TO.

Performance

VVL.TO vs. ZEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Value Factor ETF CAD (VVL.TO) and BMO All-Equity ETF (ZEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VVL.TO achieves a 10.59% return, which is significantly lower than ZEQT.TO's 13.04% return.

VVL.TO

1D
-0.67%
1M
3.38%
YTD
10.59%
6M
10.52%
1Y
33.99%
3Y*
21.25%
5Y*
13.78%
10Y*
—

ZEQT.TO

1D
-0.43%
1M
6.38%
YTD
13.04%
6M
12.85%
1Y
31.85%
3Y*
22.90%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVL.TO vs. ZEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
VVL.TO
Vanguard Global Value Factor ETF CAD		10.59%21.53%14.96%16.51%1.30%
ZEQT.TO
BMO All-Equity ETF		13.04%19.67%25.44%16.79%-5.55%

Correlation

The correlation between VVL.TO and ZEQT.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Jan 28, 2022

0.68

The correlation between VVL.TO and ZEQT.TO has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

VVL.TO vs. ZEQT.TO - Sectors Allocation Comparison

Sectors
VVL.TO
ZEQT.TO

Financial Services

25.3%
19.8%

Consumer Cyclical

14.8%
8.3%

Healthcare

10.8%
6.9%

Technology

10.5%
22.4%

Industrials

9.8%
11.2%

Energy

9.4%
7.4%

Consumer Defensive

6.5%
4.7%

Communication Services

6.1%
6.8%

Basic Materials

6.0%
7.4%

Real Estate

0.9%
2.0%

Utilities

0.0%
2.9%

Financial Services

VVL.TO
25.3%
ZEQT.TO
19.8%

Consumer Cyclical

VVL.TO
14.8%
ZEQT.TO
8.3%

Healthcare

VVL.TO
10.8%
ZEQT.TO
6.9%

Technology

VVL.TO
10.5%
ZEQT.TO
22.4%

Industrials

VVL.TO
9.8%
ZEQT.TO
11.2%

Energy

VVL.TO
9.4%
ZEQT.TO
7.4%

Consumer Defensive

VVL.TO
6.5%
ZEQT.TO
4.7%

Communication Services

VVL.TO
6.1%
ZEQT.TO
6.8%

Basic Materials

VVL.TO
6.0%
ZEQT.TO
7.4%

Real Estate

VVL.TO
0.9%
ZEQT.TO
2.0%

Utilities

VVL.TO
0.0%
ZEQT.TO
2.9%

Compare stocks, funds, or ETFs

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

Vanguard Global Value Factor ETF CAD

BMO All-Equity ETF

Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. SCHDVVL.TO vs. VGG.TO
Often compared with ZEQT.TO:
ZEQT.TO vs. XEQT.TOZEQT.TO vs. VEQT.TOZEQT.TO vs. ZSP.TOZEQT.TO vs. VFV.TOZEQT.TO vs. HEQT.TOZEQT.TO vs. VGRO.TOZEQT.TO vs. TEQT.TO

Return for Risk

VVL.TO vs. ZEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVL.TO
VVL.TO Risk / Return Rank: 7777
Overall Rank
VVL.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 7272
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 7878
Martin Ratio Rank
ZEQT.TO
ZEQT.TO Risk / Return Rank: 7575
Overall Rank
ZEQT.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ZEQT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
ZEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
ZEQT.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
ZEQT.TO Martin Ratio Rank: 7878
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.

VVL.TO vs. ZEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Factor ETF CAD (VVL.TO) and BMO All-Equity ETF (ZEQT.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.

VVL.TOZEQT.TODifference
Sharpe ratioReturn per unit of total volatility
2.50
2.51

-0.01

Sortino ratioReturn per unit of downside risk
3.69
3.49

+0.20

Omega ratioGain probability vs. loss probability

1.44

1.46

-0.02

Calmar ratioReturn relative to maximum drawdown

3.87

3.67

+0.20

Martin ratioReturn relative to average drawdown

15.35

15.48

-0.13

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

VVL.TO vs. ZEQT.TO - Sharpe Ratio Comparison

The current VVL.TO Sharpe Ratio is 2.50, which is comparable to the ZEQT.TO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of VVL.TO and ZEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VVL.TOZEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.50

2.51

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

1.19

-0.54

Drawdowns

VVL.TO vs. ZEQT.TO - Drawdown Comparison

The maximum VVL.TO drawdown since its inception was -43.93%, which is greater than ZEQT.TO's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for VVL.TO and ZEQT.TO.

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Drawdown Indicators

VVL.TOZEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-43.93%

-16.87%

-27.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.83%

-8.72%

-0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-18.10%

-15.34%

-2.76%

Max Drawdown (5Y)

Largest decline over 5 years

-18.10%

—

—

Current Drawdown

Current decline from peak

-0.76%

-1.16%

+0.40%

Average Drawdown

Average peak-to-trough decline

-5.71%

-3.01%

-2.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.22%

2.06%

+0.16%

Volatility

VVL.TO vs. ZEQT.TO - Volatility Comparison

The current volatility for Vanguard Global Value Factor ETF CAD (VVL.TO) is 3.17%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 5.22%. This indicates that VVL.TO experiences smaller price fluctuations and is considered to be less risky than ZEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VVL.TOZEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

5.22%

-2.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.36%

10.46%

-1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

13.68%

12.75%

+0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.02%

13.85%

+2.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.74%

13.85%

+4.89%

VVL.TO vs. ZEQT.TO - Expense Ratio Comparison

VVL.TO has a 0.38% expense ratio, which is higher than ZEQT.TO's 0.20% expense ratio.

Dividends

VVL.TO vs. ZEQT.TO - Dividend Comparison

VVL.TO's dividend yield for the trailing twelve months is around 1.71%, more than ZEQT.TO's 1.28% yield.

PositionTTM2025202420232022202120202019201820172016
VVL.TO
Vanguard Global Value Factor ETF CAD		1.71%1.89%2.19%2.65%2.52%1.48%1.67%2.60%2.11%1.33%0.59%
ZEQT.TO
BMO All-Equity ETF		1.28%1.45%1.69%2.13%2.43%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VVL.TO and ZEQT.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.38% for VVL.TO.

They also come from different issuers: Vanguard and BMO. Their fees differ too: 0.38% for VVL.TO and 0.20% for ZEQT.TO.

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