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ZEQT.TO vs. VVL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZEQT.TO vs. VVL.TO

Last updated Jul 16, 2026
Documentation

ZEQT.TO (BMO All-Equity ETF) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. Both are actively managed. Over the past 3 years, ZEQT.TO returned 24.86%/yr vs 20.45%/yr for VVL.TO. A 0.65 correlation means they provide meaningful diversification when combined. ZEQT.TO charges 0.18%/yr vs 0.38%/yr for VVL.TO.

Performance

ZEQT.TO vs. VVL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO All-Equity ETF (ZEQT.TO) and Vanguard Global Value Factor ETF CAD (VVL.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, ZEQT.TO achieves a 14.44% return, which is significantly lower than VVL.TO's 16.79% return.

ZEQT.TO

1D
0.22%
1M
0.11%
6M
10.44%
YTD
14.44%
1Y
28.79%
3Y*
24.86%
5Y*
—
10Y*
—

VVL.TO

1D
0.49%
1M
2.72%
6M
11.18%
YTD
16.79%
1Y
30.97%
3Y*
20.45%
5Y*
15.00%
10Y*
12.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
ZEQT.TO
BMO All-Equity ETF		14.44%21.71%30.06%22.28%-0.83%
VVL.TO
Vanguard Global Value Factor ETF CAD		16.79%18.01%15.01%16.57%1.35%

Correlation

The correlation between ZEQT.TO and VVL.TO is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2022

0.65

The correlation between ZEQT.TO and VVL.TO has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

ZEQT.TO vs. VVL.TO - Sectors Allocation Comparison

Sectors
ZEQT.TO
VVL.TO

Technology

24.3%
10.5%

Financial Services

19.9%
25.3%

Industrials

11.2%
9.8%

Consumer Cyclical

8.2%
14.8%

Energy

7.2%
9.4%

Communication Services

7.1%
6.1%

Basic Materials

6.7%
6.0%

Healthcare

6.3%
10.8%

Consumer Defensive

4.5%
6.5%

Utilities

2.8%
0.0%

Real Estate

1.9%
0.9%

Technology

ZEQT.TO
24.3%
VVL.TO
10.5%

Financial Services

ZEQT.TO
19.9%
VVL.TO
25.3%

Industrials

ZEQT.TO
11.2%
VVL.TO
9.8%

Consumer Cyclical

ZEQT.TO
8.2%
VVL.TO
14.8%

Energy

ZEQT.TO
7.2%
VVL.TO
9.4%

Communication Services

ZEQT.TO
7.1%
VVL.TO
6.1%

Basic Materials

ZEQT.TO
6.7%
VVL.TO
6.0%

Healthcare

ZEQT.TO
6.3%
VVL.TO
10.8%

Consumer Defensive

ZEQT.TO
4.5%
VVL.TO
6.5%

Utilities

ZEQT.TO
2.8%
VVL.TO
0.0%

Real Estate

ZEQT.TO
1.9%
VVL.TO
0.9%

Compare stocks, funds, or ETFs

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

BMO All-Equity ETF

Vanguard Global Value Factor ETF CAD

Often compared with ZEQT.TO:
ZEQT.TO vs. XEQT.TOZEQT.TO vs. VEQT.TOZEQT.TO vs. ZSP.TOZEQT.TO vs. VFV.TOZEQT.TO vs. CAGE.TOZEQT.TO vs. HEQT.TOZEQT.TO vs. TEQT.TO
Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. SCHDVVL.TO vs. VGG.TO

Return for Risk

ZEQT.TO vs. VVL.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: 8383
Overall Rank
ZEQT.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ZEQT.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
ZEQT.TO Omega Ratio Rank: 8383
Omega Ratio Rank
ZEQT.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
ZEQT.TO Martin Ratio Rank: 8585
Martin Ratio Rank
VVL.TO
VVL.TO Risk / Return Rank: 8686
Overall Rank
VVL.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 8585
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 8686
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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and Vanguard Global Value Factor ETF CAD (VVL.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ZEQT.TOVVL.TODifference
Sharpe ratioReturn per unit of total volatility
2.16
2.26

-0.10

Sortino ratioReturn per unit of downside risk
3.01
3.27

-0.26

Omega ratioGain probability vs. loss probability

1.39

1.41

-0.01

Calmar ratioReturn relative to maximum drawdown

3.32

3.52

-0.21

Martin ratioReturn relative to average drawdown

13.57

13.89

-0.32

ZEQT.TO vs. VVL.TO - Sharpe Ratio Comparison

The current ZEQT.TO Sharpe Ratio is 2.16, which is comparable to the VVL.TO Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of ZEQT.TO and VVL.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZEQT.TO vs. VVL.TO - Drawdown Comparison

The maximum ZEQT.TO drawdown since its inception was -15.18%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and VVL.TO.

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Drawdown Indicators

ZEQT.TOVVL.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.18%

-43.88%

+28.70%

Max Drawdown (1Y)

Largest decline over 1 year

-8.72%

-8.83%

+0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-18.07%

+3.45%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.07%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.88%

—

Current Drawdown

Current decline from peak

-1.19%

-0.39%

-0.80%

Average Drawdown

Average peak-to-trough decline

-2.55%

-5.73%

+3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

2.24%

-0.11%

Volatility

ZEQT.TO vs. VVL.TO - Volatility Comparison

BMO All-Equity ETF (ZEQT.TO) and Vanguard Global Value Factor ETF CAD (VVL.TO) have volatilities of 2.89% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZEQT.TOVVL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

2.98%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

11.16%

9.48%

+1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

13.87%

-0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.47%

16.08%

-2.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.47%

18.77%

-5.30%

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

ZEQT.TO has a 0.18% expense ratio, which is lower than VVL.TO's 0.38% expense ratio.

Dividends

ZEQT.TO vs. VVL.TO - Dividend Comparison

ZEQT.TO's dividend yield for the trailing twelve months is around 1.28%, less than VVL.TO's 1.62% yield.

PositionTTM2025202420232022202120202019201820172016
VVL.TO
Vanguard Global Value Factor ETF CAD		1.62%1.89%2.19%2.69%2.57%1.50%1.70%2.65%2.15%1.35%0.60%
ZEQT.TO
BMO All-Equity ETF		1.28%2.89%5.08%6.40%7.31%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ZEQT.TO and VVL.TO have a correlation of 0.66, 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 0.38% for VVL.TO.

They also come from different issuers: BMO and Vanguard. Their fees differ too: 0.18% for ZEQT.TO and 0.38% for VVL.TO.

Portfolio Optimizer

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