ZEQT.TO vs. CIE.NEO
ZEQT.TO (BMO All-Equity ETF) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds. ZEQT.TO is actively managed, while CIE.NEO is passively managed. Over the past 3 years, ZEQT.TO returned 22.68%/yr vs 24.89%/yr for CIE.NEO. A 0.64 correlation means they provide meaningful diversification when combined. ZEQT.TO charges 0.18%/yr vs 0.73%/yr for CIE.NEO.
Performance
ZEQT.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, ZEQT.TO achieves a 13.63% return, which is significantly lower than CIE.NEO's 18.32% return.
ZEQT.TO
- 1D
- 0.52%
- 1M
- 6.10%
- YTD
- 13.63%
- 6M
- 13.00%
- 1Y
- 32.71%
- 3Y*
- 22.68%
- 5Y*
- —
- 10Y*
- —
CIE.NEO
- 1D
- 0.42%
- 1M
- 6.88%
- YTD
- 18.32%
- 6M
- 20.08%
- 1Y
- 40.12%
- 3Y*
- 24.89%
- 5Y*
- 15.60%
- 10Y*
- 11.97%
ZEQT.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 13.63% | 19.67% | 25.44% | 16.79% | -5.55% |
CIE.NEO iShares International Fundamental Common Class | 18.32% | 34.92% | 12.83% | 15.59% | -2.79% |
Correlation
The correlation between ZEQT.TO and CIE.NEO is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.64 |
The correlation between ZEQT.TO and CIE.NEO has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
ZEQT.TO vs. CIE.NEO — Risk / Return Rank
ZEQT.TO
CIE.NEO
ZEQT.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| ZEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.55 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 3.63 | +0.13 |
| Martin ratioReturn relative to average drawdown | 15.90 | 15.02 | +0.88 |
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
| ZEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.89 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.44 | +0.76 |
Drawdowns
ZEQT.TO vs. CIE.NEO - Drawdown Comparison
The maximum ZEQT.TO drawdown since its inception was -16.87%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and CIE.NEO.
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Drawdown Indicators
| ZEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.87% | -40.08% | +23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -11.10% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -15.44% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.08% | — |
Current DrawdownCurrent decline from peak | -0.64% | 0.00% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -7.13% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.68% | -0.62% |
Volatility
ZEQT.TO vs. CIE.NEO - Volatility Comparison
BMO All-Equity ETF (ZEQT.TO) has a higher volatility of 5.21% compared to iShares International Fundamental Common Class (CIE.NEO) at 4.82%. This indicates that ZEQT.TO's price experiences larger fluctuations and is considered to be riskier than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEQT.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 4.82% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 11.56% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 13.94% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.85% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.85% | 18.18% | -4.33% |
ZEQT.TO vs. CIE.NEO - Expense Ratio Comparison
ZEQT.TO has a 0.18% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.
Dividends
ZEQT.TO vs. CIE.NEO - Dividend Comparison
ZEQT.TO's dividend yield for the trailing twelve months is around 1.28%, less than CIE.NEO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.11% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
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% | 0.00% |
Frequently Asked Questions
ZEQT.TO and CIE.NEO have a correlation of 0.74, 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 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZEQT.TO is cheaper with a 0.18% expense ratio, compared with 0.73% for CIE.NEO.
They also come from different issuers: BMO and iShares. Their fees differ too: 0.18% for ZEQT.TO and 0.73% for CIE.NEO.
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