XDGH.TO vs. MEQT.TO
XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) and MEQT.TO (Mackenzie All-Equity Allocation ETF) are both Global Equities funds. XDGH.TO is passively managed, while MEQT.TO is actively managed. Over the past year, XDGH.TO returned 17.12% vs 33.09% for MEQT.TO. At a 0.30 correlation, their price movements are largely independent. XDGH.TO charges 0.22%/yr vs 0.17%/yr for MEQT.TO.
Performance
XDGH.TO vs. MEQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XDGH.TO achieves a 7.16% return, which is significantly lower than MEQT.TO's 12.88% return.
XDGH.TO
- 1D
- 0.16%
- 1M
- 2.01%
- YTD
- 7.16%
- 6M
- 8.39%
- 1Y
- 17.12%
- 3Y*
- 12.90%
- 5Y*
- 8.12%
- 10Y*
- —
MEQT.TO
- 1D
- -0.41%
- 1M
- 6.44%
- YTD
- 12.88%
- 6M
- 13.09%
- 1Y
- 33.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDGH.TO vs. MEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 7.16% | 14.60% | 10.46% | 3.63% |
MEQT.TO Mackenzie All-Equity Allocation ETF | 12.88% | 21.31% | 25.87% | 2.16% |
Correlation
The correlation between XDGH.TO and MEQT.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023 | 0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XDGH.TO vs. MEQT.TO — Risk / Return Rank
XDGH.TO
MEQT.TO
XDGH.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 (CAD-Hedged) (XDGH.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.
| XDGH.TO | MEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.60 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 4.33 | -1.63 |
| Martin ratioReturn relative to average drawdown | 8.01 | 18.61 | -10.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XDGH.TO | MEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 3.05 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 2.12 | -1.58 |
Drawdowns
XDGH.TO vs. MEQT.TO - Drawdown Comparison
The maximum XDGH.TO drawdown since its inception was -32.99%, 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 XDGH.TO and MEQT.TO.
Loading charts...
Drawdown Indicators
| XDGH.TO | MEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.99% | -15.14% | -17.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -7.68% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.41% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -1.29% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.78% | +0.36% |
Volatility
XDGH.TO vs. MEQT.TO - Volatility Comparison
The current volatility for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) is 2.55%, while Mackenzie All-Equity Allocation ETF (MEQT.TO) has a volatility of 2.96%. This indicates that XDGH.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.
Loading charts...
Volatility by Period
| XDGH.TO | MEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.96% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 9.02% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.67% | 10.92% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 11.87% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 11.87% | +2.73% |
XDGH.TO vs. MEQT.TO - Expense Ratio Comparison
XDGH.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
XDGH.TO vs. MEQT.TO - Dividend Comparison
XDGH.TO's dividend yield for the trailing twelve months is around 2.81%, 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% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 2.81% | 2.81% | 3.04% | 3.41% | 3.18% | 3.05% | 3.24% | 2.82% | 3.29% | 0.81% |
Frequently Asked Questions
XDGH.TO and MEQT.TO have a correlation of 0.34, 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 XDGH.TO.
They also come from different issuers: iShares and Mackenzie Investments. Their fees differ too: 0.22% for XDGH.TO and 0.17% for MEQT.TO.
Find the right allocation for XDGH.TO and MEQT.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer