ZEQT.TO vs. XEQT.TO
Compare and contrast key facts about BMO All-Equity ETF (ZEQT.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
ZEQT.TO and XEQT.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. XEQT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Aug 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZEQT.TO or XEQT.TO.
Key characteristics
| ZEQT.TO | XEQT.TO | |
|---|---|---|
| YTD Return | 24.19% | 23.27% |
| 1Y Return | 30.60% | 30.29% |
| Sharpe Ratio | 3.43 | 3.16 |
| Sortino Ratio | 4.86 | 4.43 |
| Omega Ratio | 1.66 | 1.59 |
| Calmar Ratio | 4.73 | 4.58 |
| Martin Ratio | 24.89 | 23.79 |
| Ulcer Index | 1.23% | 1.28% |
| Daily Std Dev | 8.96% | 9.61% |
| Max Drawdown | -16.15% | -29.74% |
| Current Drawdown | -0.44% | -0.50% |
Correlation
The correlation between ZEQT.TO and XEQT.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.
Performance
ZEQT.TO vs. XEQT.TO - Performance Comparison
The year-to-date returns for both stocks are quite close, with ZEQT.TO having a 24.19% return and XEQT.TO slightly lower at 23.27%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZEQT.TO vs. XEQT.TO - Expense Ratio Comparison
Both ZEQT.TO and XEQT.TO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZEQT.TO vs. XEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and iShares Core Equity ETF Portfolio (XEQT.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.
Dividends
ZEQT.TO vs. XEQT.TO - Dividend Comparison
ZEQT.TO's dividend yield for the trailing twelve months is around 1.74%, less than XEQT.TO's 1.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 1.74% | 2.13% | 2.43% | 0.00% | 0.00% | 0.00% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.81% | 2.09% | 2.14% | 1.65% | 1.68% | 1.20% |
Drawdowns
ZEQT.TO vs. XEQT.TO - Drawdown Comparison
The maximum ZEQT.TO drawdown since its inception was -16.15%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and XEQT.TO. For additional features, visit the drawdowns tool.
Volatility
ZEQT.TO vs. XEQT.TO - Volatility Comparison
BMO All-Equity ETF (ZEQT.TO) and iShares Core Equity ETF Portfolio (XEQT.TO) have volatilities of 3.12% and 3.01%, 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.