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XEQT.TO vs. ZEO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEQT.TO vs. ZEO.TO

Last updated Jun 6, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and ZEO.TO (BMO Equal Weight Oil & Gas Index ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while ZEO.TO is a Energy Equities fund tracking the Solactive Equal Weight Canada Oil & Gas Index. XEQT.TO is actively managed, while ZEO.TO is passively managed. At a correlation of -0.07, they often move in opposite directions. XEQT.TO charges 0.20%/yr vs 0.60%/yr for ZEO.TO.

Performance

XEQT.TO vs. ZEO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.TO) and BMO Equal Weight Oil & Gas Index ETF (ZEO.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, XEQT.TO achieves a 10.25% return, which is significantly lower than ZEO.TO's 36.10% return.

XEQT.TO

1D
-2.62%
1M
1.43%
YTD
10.25%
6M
9.51%
1Y
—
3Y*
—
5Y*
—
10Y*
—

ZEO.TO

1D
-2.10%
1M
4.11%
YTD
36.10%
6M
30.60%
1Y
50.37%
3Y*
26.41%
5Y*
25.13%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEQT.TO vs. ZEO.TO - Yearly Performance Comparison

2026 (YTD)2025
XEQT.TO
iShares Core Equity ETF Portfolio		10.25%14.62%
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		36.10%9.93%

Correlation

The correlation between XEQT.TO and ZEO.TO is -0.07, 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 Jun 9, 2025

-0.07

XEQT.TO vs. ZEO.TO - Sectors Allocation Comparison

Sectors
XEQT.TO
ZEO.TO

Technology

22.9%

-

Financial Services

20.3%

-

Industrials

12.1%

-

Consumer Cyclical

7.8%

-

Basic Materials

7.3%

-

Energy

7.2%
100.0%

Healthcare

6.6%

-

Communication Services

6.4%

-

Consumer Defensive

4.4%

-

Utilities

2.8%

-

Real Estate

2.2%

-

Technology

XEQT.TO
22.9%
ZEO.TO

-

Financial Services

XEQT.TO
20.3%
ZEO.TO

-

Industrials

XEQT.TO
12.1%
ZEO.TO

-

Consumer Cyclical

XEQT.TO
7.8%
ZEO.TO

-

Basic Materials

XEQT.TO
7.3%
ZEO.TO

-

Energy

XEQT.TO
7.2%
ZEO.TO
100.0%

Healthcare

XEQT.TO
6.6%
ZEO.TO

-

Communication Services

XEQT.TO
6.4%
ZEO.TO

-

Consumer Defensive

XEQT.TO
4.4%
ZEO.TO

-

Utilities

XEQT.TO
2.8%
ZEO.TO

-

Real Estate

XEQT.TO
2.2%
ZEO.TO

-

Compare stocks, funds, or ETFs

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

iShares Core Equity ETF Portfolio

BMO Equal Weight Oil & Gas Index ETF

Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO
Often compared with ZEO.TO:
ZEO.TO vs. XEG.TOZEO.TO vs. NRGY.TOZEO.TO vs. ENCC.TOZEO.TO vs. XLEZEO.TO vs. ZWEN.TOZEO.TO vs. VFV.TOZEO.TO vs. HXT.TO

Return for Risk

XEQT.TO vs. ZEO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEQT.TO
ZEO.TO
ZEO.TO Risk / Return Rank: 8989
Overall Rank
ZEO.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ZEO.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
ZEO.TO Omega Ratio Rank: 8888
Omega Ratio Rank
ZEO.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
ZEO.TO Martin Ratio Rank: 8787
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.

XEQT.TO vs. ZEO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.TO) and BMO Equal Weight Oil & Gas Index ETF (ZEO.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.

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

XEQT.TO vs. ZEO.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

XEQT.TOZEO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.98

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.19

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.23

0.19

+2.04

Drawdowns

XEQT.TO vs. ZEO.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -8.25%, smaller than the maximum ZEO.TO drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and ZEO.TO.

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Drawdown Indicators

XEQT.TOZEO.TODifference

Max Drawdown

Largest peak-to-trough decline

-8.25%

-80.09%

+71.84%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.54%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.62%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.59%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-73.35%

—

Current Drawdown

Current decline from peak

-2.62%

-4.08%

+1.46%

Average Drawdown

Average peak-to-trough decline

-1.04%

-25.16%

+24.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.96%

—

Volatility

XEQT.TO vs. ZEO.TO - Volatility Comparison

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Volatility by Period

XEQT.TOZEO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.67%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

14.68%

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

17.00%

-5.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.98%

21.18%

-9.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.98%

27.19%

-15.21%

XEQT.TO vs. ZEO.TO - Expense Ratio Comparison

XEQT.TO has a 0.20% expense ratio, which is lower than ZEO.TO's 0.60% expense ratio.

Dividends

XEQT.TO vs. ZEO.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.51%, less than ZEO.TO's 2.63% yield.

PositionTTM20252024202320222021202020192018201720162015
XEQT.TO
iShares Core Equity ETF Portfolio		1.51%1.66%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZEO.TO
BMO Equal Weight Oil & Gas Index ETF		2.63%3.43%3.86%4.82%4.69%3.27%5.54%3.55%0.71%0.49%0.50%0.82%

Frequently Asked Questions

XEQT.TO and ZEO.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.60% for ZEO.TO.

XEQT.TO is categorized as Global Equities, while ZEO.TO is Energy Equities. They also come from different issuers: iShares and BMO. Their fees differ too: 0.20% for XEQT.TO and 0.60% for ZEO.TO.

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