XDG.TO vs. MEQT.TO
XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. XDG.TO is passively managed, while MEQT.TO is actively managed. Over the past year, XDG.TO returned 19.79% vs 33.09% for MEQT.TO. At a 0.33 correlation, their price movements are largely independent. XDG.TO charges 0.22%/yr vs 0.17%/yr for MEQT.TO.
Performance
XDG.TO vs. MEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDG.TO achieves a 9.07% return, which is significantly lower than MEQT.TO's 12.88% return.
XDG.TO
- 1D
- 0.00%
- 1M
- 3.72%
- YTD
- 9.07%
- 6M
- 8.39%
- 1Y
- 19.79%
- 3Y*
- 15.60%
- 5Y*
- 11.34%
- 10Y*
- —
MEQT.TO
- 1D
- -0.41%
- 1M
- 6.44%
- YTD
- 12.88%
- 6M
- 13.09%
- 1Y
- 33.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDG.TO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF | 9.07% | 13.74% | 17.44% | 1.44% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 12.88% | 21.31% | 25.87% | 2.16% |
Correlation
The correlation between XDG.TO and MEQT.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023 | 0.33 |
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Return for Risk
XDG.TO vs. MEQT.TO — Risk / Return Rank
XDG.TO
MEQT.TO
XDG.TO vs. MEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (XDG.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.
| XDG.TO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.60 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 4.33 | -1.80 |
| Martin ratioReturn relative to average drawdown | 9.02 | 18.61 | -9.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDG.TO | MEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 3.05 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 2.12 | -1.42 |
Drawdowns
XDG.TO vs. MEQT.TO - Drawdown Comparison
The maximum XDG.TO drawdown since its inception was -27.08%, 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 XDG.TO and MEQT.TO.
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Drawdown Indicators
| XDG.TO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -15.14% | -11.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -7.68% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.33% | — | — |
Current DrawdownCurrent decline from peak | -1.95% | -0.41% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -1.29% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.78% | +0.42% |
Volatility
XDG.TO vs. MEQT.TO - Volatility Comparison
iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) has a higher volatility of 3.12% compared to Mackenzie All-Equity Allocation ETF (MEQT.TO) at 2.96%. This indicates that XDG.TO's price experiences larger fluctuations and is considered to be riskier 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
| XDG.TO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 2.96% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 9.02% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 10.92% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 11.87% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 11.87% | +1.27% |
XDG.TO vs. MEQT.TO - Expense Ratio Comparison
XDG.TO has a 0.22% expense ratio, which is higher than MEQT.TO's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDG.TO vs. MEQT.TO - Dividend Comparison
XDG.TO's dividend yield for the trailing twelve months is around 2.82%, more than MEQT.TO's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MEQT.TO Mackenzie All-Equity Allocation ETF | 1.45% | 1.60% | 1.73% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF | 2.82% | 2.89% | 2.90% | 3.13% | 3.27% | 2.97% | 3.27% | 3.18% | 3.47% | 1.67% |
Frequently Asked Questions
XDG.TO and MEQT.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEQT.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEQT.TO is cheaper with a 0.17% expense ratio, compared with 0.22% for XDG.TO.
They also come from different issuers: iShares and Mackenzie Investments. Their fees differ too: 0.22% for XDG.TO and 0.17% for MEQT.TO.
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