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Close Edition. Wednesday, April 22, 2026

Market context for passive investors.

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$42.34
+0.74%

Headline

U.S. technology and a surge in South Korean equities drive XEQT up 0.74%.

XEQT closed at $42.34 on Wednesday, gaining 0.74% in a session defined by strength at both ends of the risk spectrum. The U.S. sleeve contributed the most, adding 0.43 percentage points on a 0.97% advance, while emerging markets punched above their weight with a 1.86% gain that added 0.10 pp despite representing only 5.3% of the fund. Canada and international developed markets provided modest support. The result leaves XEQT within 1.2% of its 52-week high, with a YTD return of 5.43%.

How large is today's move?

Typical day · Today's +0.74% move is 0.9× the 20-day average move.

This scale measures size, not what to do. Larger moves are a normal part of holding a global all-equity fund.

The Regions

  • Canada

    25.91% of XEQT

    • XIC.TO
    +0.48% +0.12 pts to XEQT

    The Canadian sleeve rose 0.48%, contributing 0.125 pp, with the gains concentrated in materials and energy. Materials climbed 1.49% and energy added 1.40%, together more than offsetting a 0.34% decline in financials, the sleeve's largest sector. Consumer staples slipped 0.90% but carry limited weight at 3.1% of the sleeve.

    Canada market region icon

  • United States

    43.81% of XEQT

    • XTOT.TO
    • ITOT
    +0.97% +0.43 pts to XEQT

    Technology was the clear driver of the U.S. sleeve's 0.97% advance, rising 2.20% and contributing 0.72 pp within the sleeve. Communication services added 0.61%, providing secondary support. Financials, industrials, and consumer discretionary each edged lower, but their combined drag was modest against the technology tailwind.

    United States market region icon

  • Intl Developed

    24.75% of XEQT

    • XEF.TO
    +0.33% +0.08 pts to XEQT

    XEF.TO rose 0.33%, contributing 0.081 pp. Among the markets tracked, Japan was the primary source of strength, gaining 0.71% and accounting for the largest single contribution within the sleeve. Germany and the UK also advanced. France, Australia, and the Netherlands posted small declines, keeping the sleeve's overall gain contained.

    Intl Developed market region icon

  • Emerging Mrkts

    5.31% of XEQT

    • XEC.TO
    +1.86% +0.10 pts to XEQT

    The emerging markets sleeve delivered the session's most striking individual move. South Korean equities surged 6.14% among the markets tracked, contributing over 1.05 pp within the sleeve alone. Taiwan-listed equities rose 3.18%, adding further lift. China, India, and South Africa were modestly positive, while Brazil and Saudi Arabia edged lower. The sleeve's 1.86% total gain added 0.099 pp to XEQT despite its small allocation.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move today (threshold = ±0.1 percentage points). Returns are daily ETF price moves for tracked regional or sector categories and may differ slightly from raw index movements.

Recent News

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The Hold Line

A small sleeve producing nearly as much absolute contribution as international developed, which holds five times the weight, is a useful reminder of how concentration within an allocation can shape a single day's outcome. The emerging markets sleeve is designed to remain modest in size precisely because that kind of variance runs in both directions. With XEQT's one-month return at 7.16% and the fund approaching its 52-week high, the portfolio's construction is doing what it should: capturing broad global participation without concentrating the outcome in any single geography.

Signals

  • 01

    U.S. tech dominates sleeve contributions

    Technology's 2.20% advance accounted for the majority of the U.S. sleeve's gain on Wednesday, overshadowing declines in financials, industrials, and consumer discretionary. For an XEQT holder, this concentration is a recurring feature of the U.S. sleeve rather than an anomaly, and the fund's geographic diversification limits the degree to which any single sector's move can define the portfolio.

  • 02

    South Korea surges within EM sleeve

    South Korean equities posted a 6.14% advance among the markets tracked, a move large enough to generate over 1 pp of contribution within the emerging markets sleeve on its own. The EM allocation at 5.31% of XEQT caps the fund-level effect, but the size of the move is worth noting as an illustration of the return dispersion that small, high-volatility sleeves can exhibit on any given session.

  • 03

    XEQT nears 52-week high

    At $42.34, XEQT sits 1.2% below its 52-week high of $42.84, with a YTD return of 5.43% and a one-month return of 7.16%. Today's 0.74% move was 0.9 times the recent 20-day average daily swing, making it a solid but unremarkable session in the context of recent trading rhythm.

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