ZEQL.TO vs. BIGY.TO

Last updated Jun 4, 2026

ZEQL.TO (BMO MSCI USA Equal Weight Index ETF (CAD Units)) and BIGY.TO (Evolve US Equity UltraYield ETF) are both Large Cap Blend Equities funds. ZEQL.TO is passively managed, while BIGY.TO is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. ZEQL.TO charges 0.05%/yr vs 0.40%/yr for BIGY.TO.

Performance

ZEQL.TO vs. BIGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI USA Equal Weight Index ETF (CAD Units) (ZEQL.TO) and Evolve US Equity UltraYield ETF (BIGY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZEQL.TO

• 1D: -0.12%
• 1M: 6.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIGY.TO

• 1D: -2.28%
• 1M: -0.73%
• YTD: -3.71%
• 6M: -6.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZEQL.TO vs. BIGY.TO - Yearly Performance Comparison

	2026 (YTD)
ZEQL.TO BMO MSCI USA Equal Weight Index ETF (CAD Units)	7.44%
BIGY.TO Evolve US Equity UltraYield ETF	5.10%

Correlation

The correlation between ZEQL.TO and BIGY.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 10, 2026	0.55

Return for Risk

ZEQL.TO vs. BIGY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Equal Weight Index ETF (CAD Units) (ZEQL.TO) and Evolve US Equity UltraYield ETF (BIGY.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.

Sharpe Ratios by Period

	ZEQL.TO	BIGY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	-0.15	+2.15

Drawdowns

ZEQL.TO vs. BIGY.TO - Drawdown Comparison

The maximum ZEQL.TO drawdown since its inception was -6.12%, smaller than the maximum BIGY.TO drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for ZEQL.TO and BIGY.TO.

Drawdown Indicators

	ZEQL.TO	BIGY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.12%	-27.82%	+21.70%
Current Drawdown Current decline from peak	-0.58%	-13.63%	+13.05%
Average Drawdown Average peak-to-trough decline	-1.69%	-11.30%	+9.61%

Volatility

Volatility by Period

	ZEQL.TO	BIGY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	28.63%	-15.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	28.63%	-15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.92%	28.63%	-15.71%

ZEQL.TO vs. BIGY.TO - Expense Ratio Comparison

ZEQL.TO has a 0.05% expense ratio, which is lower than BIGY.TO's 0.40% expense ratio.

Dividends

ZEQL.TO vs. BIGY.TO - Dividend Comparison

ZEQL.TO's dividend yield for the trailing twelve months is around 0.37%, less than BIGY.TO's 28.15% yield.

Position	TTM	2025
BIGY.TO Evolve US Equity UltraYield ETF	28.15%	9.53%
ZEQL.TO BMO MSCI USA Equal Weight Index ETF (CAD Units)	0.37%	0.00%

Frequently Asked Questions

Can I hold both ZEQL.TO and BIGY.TO in my portfolio?

ZEQL.TO and BIGY.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZEQL.TO or BIGY.TO?

On fees, ZEQL.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZEQL.TO or BIGY.TO?

ZEQL.TO is cheaper with a 0.05% expense ratio, compared with 0.40% for BIGY.TO.

What is the main difference between ZEQL.TO and BIGY.TO?

They also come from different issuers: BMO and Evolve. Their fees differ too: 0.05% for ZEQL.TO and 0.40% for BIGY.TO.