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ZGQ.TO vs. ONEQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZGQ.TO vs. ONEQ.TO

Last updated Jul 18, 2026
Documentation

ZGQ.TO (BMO MSCI All Country World High Quality Index ETF) and ONEQ.TO (CI Global Core Plus Equity ETF) are both Global Equities funds. ZGQ.TO is passively managed, while ONEQ.TO is actively managed. Over the past 10 years, ZGQ.TO returned 14.72%/yr vs 11.86%/yr for ONEQ.TO. At a 0.32 correlation, their price movements are largely independent.

Performance

ZGQ.TO vs. ONEQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) and CI Global Core Plus Equity ETF (ONEQ.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, ZGQ.TO achieves a 12.75% return, which is significantly lower than ONEQ.TO's 13.96% return. Over the past 10 years, ZGQ.TO has outperformed ONEQ.TO with an annualized return of 14.72%, while ONEQ.TO has yielded a comparatively lower 11.86% annualized return.

ZGQ.TO

1D
-1.52%
1M
-0.95%
6M
8.24%
YTD
12.75%
1Y
20.06%
3Y*
18.91%
5Y*
12.16%
10Y*
14.72%

ONEQ.TO

1D
-1.11%
1M
0.37%
6M
9.99%
YTD
13.96%
1Y
25.20%
3Y*
20.30%
5Y*
13.10%
10Y*
11.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZGQ.TO vs. ONEQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZGQ.TO
BMO MSCI All Country World High Quality Index ETF		12.75%8.06%29.51%29.44%-18.72%21.48%22.46%28.96%-0.05%19.61%
ONEQ.TO
CI Global Core Plus Equity ETF		13.96%17.62%22.45%19.07%-10.74%21.65%8.21%22.22%-10.36%13.10%

Correlation

The correlation between ZGQ.TO and ONEQ.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

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

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2015

0.32

ZGQ.TO vs. ONEQ.TO - Sectors Allocation Comparison

Sectors
ZGQ.TO
ONEQ.TO

Technology

40.5%
30.9%

Healthcare

13.6%
5.4%

Communication Services

12.8%
6.5%

Industrials

10.9%
9.8%

Consumer Defensive

8.5%
5.2%

Financial Services

6.9%
14.3%

Consumer Cyclical

3.9%
7.1%

Basic Materials

2.2%
6.0%

Energy

0.3%
9.8%

Real Estate

0.2%
3.0%

Utilities

0.1%
2.1%

Technology

ZGQ.TO
40.5%
ONEQ.TO
30.9%

Healthcare

ZGQ.TO
13.6%
ONEQ.TO
5.4%

Communication Services

ZGQ.TO
12.8%
ONEQ.TO
6.5%

Industrials

ZGQ.TO
10.9%
ONEQ.TO
9.8%

Consumer Defensive

ZGQ.TO
8.5%
ONEQ.TO
5.2%

Financial Services

ZGQ.TO
6.9%
ONEQ.TO
14.3%

Consumer Cyclical

ZGQ.TO
3.9%
ONEQ.TO
7.1%

Basic Materials

ZGQ.TO
2.2%
ONEQ.TO
6.0%

Energy

ZGQ.TO
0.3%
ONEQ.TO
9.8%

Real Estate

ZGQ.TO
0.2%
ONEQ.TO
3.0%

Utilities

ZGQ.TO
0.1%
ONEQ.TO
2.1%

Compare stocks, funds, or ETFs

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BMO MSCI All Country World High Quality Index ETF

CI Global Core Plus Equity ETF

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ZGQ.TO vs. XEQT.TOZGQ.TO vs. ZUQ.TOZGQ.TO vs. XWD.TOZGQ.TO vs. VFV.TOZGQ.TO vs. XAW.TOZGQ.TO vs. ZNQ.TOZGQ.TO vs. VOO
Often compared with ONEQ.TO:
ONEQ.TO vs. VDU.TOONEQ.TO vs. XML.TOONEQ.TO vs. VVO.TOONEQ.TO vs. ESGG.TOONEQ.TO vs. GEQT.TOONEQ.TO vs. VMO.TOONEQ.TO vs. CEQT.TO

Return for Risk

ZGQ.TO vs. ONEQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZGQ.TO
ZGQ.TO Risk / Return Rank: 5353
Overall Rank
ZGQ.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
ZGQ.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
ZGQ.TO Omega Ratio Rank: 5151
Omega Ratio Rank
ZGQ.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
ZGQ.TO Martin Ratio Rank: 6262
Martin Ratio Rank
ONEQ.TO
ONEQ.TO Risk / Return Rank: 8888
Overall Rank
ONEQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ONEQ.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
ONEQ.TO Omega Ratio Rank: 8888
Omega Ratio Rank
ONEQ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
ONEQ.TO Martin Ratio Rank: 9292
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.

ZGQ.TO vs. ONEQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) and CI Global Core Plus Equity ETF (ONEQ.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.

ZGQ.TOONEQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.37
2.11

-0.73

Sortino ratioReturn per unit of downside risk
1.97
3.08

-1.10

Omega ratioGain probability vs. loss probability

1.26

1.42

-0.17

Calmar ratioReturn relative to maximum drawdown

2.18

3.80

-1.61

Martin ratioReturn relative to average drawdown

8.64

16.75

-8.11

ZGQ.TO vs. ONEQ.TO - Sharpe Ratio Comparison

The current ZGQ.TO Sharpe Ratio is 1.37, which is lower than the ONEQ.TO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of ZGQ.TO and ONEQ.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

ZGQ.TO vs. ONEQ.TO - Drawdown Comparison

The maximum ZGQ.TO drawdown since its inception was -26.67%, smaller than the maximum ONEQ.TO drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for ZGQ.TO and ONEQ.TO.

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Drawdown Indicators

ZGQ.TOONEQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.67%

-34.40%

+7.73%

Max Drawdown (1Y)

Largest decline over 1 year

-9.22%

-6.66%

-2.56%

Max Drawdown (3Y)

Largest decline over 3 years

-18.35%

-16.08%

-2.27%

Max Drawdown (5Y)

Largest decline over 5 years

-26.67%

-17.61%

-9.06%

Max Drawdown (10Y)

Largest decline over 10 years

-26.67%

-34.40%

+7.73%

Current Drawdown

Current decline from peak

-3.45%

-1.20%

-2.25%

Average Drawdown

Average peak-to-trough decline

-4.45%

-3.69%

-0.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

1.51%

+0.82%

Volatility

ZGQ.TO vs. ONEQ.TO - Volatility Comparison

BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) has a higher volatility of 3.86% compared to CI Global Core Plus Equity ETF (ONEQ.TO) at 2.83%. This indicates that ZGQ.TO's price experiences larger fluctuations and is considered to be riskier than ONEQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZGQ.TOONEQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.86%

2.83%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

11.90%

9.93%

+1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

14.68%

12.03%

+2.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.97%

13.29%

+2.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.17%

13.91%

+2.26%

Dividends

ZGQ.TO vs. ONEQ.TO - Dividend Comparison

ZGQ.TO's dividend yield for the trailing twelve months is around 0.49%, less than ONEQ.TO's 1.60% yield.

PositionTTM20252024202320222021202020192018201720162015
ONEQ.TO
CI Global Core Plus Equity ETF		1.60%1.60%1.05%1.53%1.38%0.89%1.22%1.39%0.94%1.03%1.22%0.00%
ZGQ.TO
BMO MSCI All Country World High Quality Index ETF		0.49%0.62%0.93%1.38%1.39%0.89%1.03%1.13%1.58%1.15%1.40%1.13%

Frequently Asked Questions

ZGQ.TO and ONEQ.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: BMO and CI.

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