ZEQT.TO vs. TEQT.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO All-Equity ETF (ZEQT.TO) and TD All-Equity ETF Portfolio (TEQT.TO).

ZEQT.TO and TEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEQT.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022. TEQT.TO is a passively managed fund by TD that tracks the performance of the 25% Solactive Canada Broad Market Index (C$, Net Total Return); 55% Solactive US Large Cap CAD Index (C$, Net Total Return); 20% Solactive GBS Developed Markets ex. North America Large & Mid Cap CAD Index (C$, Net Total Return). It was launched on Apr 8, 2025.

Performance

ZEQT.TO vs. TEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO All-Equity ETF (ZEQT.TO) and TD All-Equity ETF Portfolio (TEQT.TO). The values are adjusted to include any dividend payments, if applicable.

ZEQT.TO vs. TEQT.TO - Yearly Performance Comparison

	2026 (YTD)	2025
ZEQT.TO BMO All-Equity ETF	1.00%	27.09%
TEQT.TO TD All-Equity ETF Portfolio	0.54%	27.04%

Returns By Period

In the year-to-date period, ZEQT.TO achieves a 1.00% return, which is significantly higher than TEQT.TO's 0.54% return.

ZEQT.TO

• 1D: 0.59%
• 1M: -3.85%
• YTD: 1.00%
• 6M: 2.22%
• 1Y: 21.48%
• 3Y*: 18.70%
• 5Y*: —
• 10Y*: —

TEQT.TO

• 1D: 0.80%
• 1M: -3.23%
• YTD: 0.54%
• 6M: 2.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZEQT.TO vs. TEQT.TO - Expense Ratio Comparison

ZEQT.TO has a 0.20% expense ratio, which is higher than TEQT.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%.

ZEQT.TO

BMO All-Equity ETF

TEQT.TO

TD All-Equity ETF Portfolio

Return for Risk

ZEQT.TO vs. TEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZEQT.TO

ZEQT.TO Risk / Return Rank: 71
ZEQT.TO Sharpe Ratio Rank: 72
ZEQT.TO Sortino Ratio Rank: 71
ZEQT.TO Omega Ratio Rank: 72
ZEQT.TO Calmar Ratio Rank: 68
ZEQT.TO Martin Ratio Rank: 71

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.

ZEQT.TO vs. TEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and TD All-Equity ETF Portfolio (TEQT.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.

	ZEQT.TO	TEQT.TO	Difference
Sharpe ratio Return per unit of total volatility	1.32	—	—
Sortino ratio Return per unit of downside risk	1.84	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	1.79	—	—
Martin ratio Return relative to average drawdown	7.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZEQT.TO	TEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	2.35	-1.34

Correlation

The correlation between ZEQT.TO and TEQT.TO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZEQT.TO vs. TEQT.TO - Dividend Comparison

ZEQT.TO's dividend yield for the trailing twelve months is around 1.44%, less than TEQT.TO's 1.46% yield.

	TTM	2025	2024	2023	2022
ZEQT.TO BMO All-Equity ETF	1.44%	1.45%	1.69%	2.13%	2.43%
TEQT.TO TD All-Equity ETF Portfolio	1.46%	1.14%	0.00%	0.00%	0.00%

Drawdowns

ZEQT.TO vs. TEQT.TO - Drawdown Comparison

The maximum ZEQT.TO drawdown since its inception was -16.87%, which is greater than TEQT.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and TEQT.TO.

Drawdown Indicators

	ZEQT.TO	TEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-7.62%	-9.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	—	—
Current Drawdown Current decline from peak	-5.31%	-3.96%	-1.35%
Average Drawdown Average peak-to-trough decline	-3.09%	-1.06%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	—	—

Volatility

Volatility by Period

	ZEQT.TO	TEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	12.42%	+3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	12.42%	+1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.78%	12.42%	+1.36%