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Close Edition. Monday, April 27, 2026

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$42.24
-0.21%

Headline

International developed markets lead XEQT lower on a quiet session.

XEQT closed at $42.24, down 0.21%, in a session defined by modest, broad-based softness rather than any single dramatic move. All four sleeves finished in negative territory, but the dominant drag came from international developed markets, which fell 0.47% and subtracted 0.116 percentage points from the fund. Canada and the United States each contributed an identical -0.057 pp, while emerging markets were nearly flat at -0.009 pp. At 0.3 times the recent 20-day average daily move, the session was unusually subdued.

How large is today's move?

Typical day · Today's -0.21% move is 0.3× 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

    25.80% of XEQT

    • XIC.TO
    -0.22% -0.06 pts from XEQT

    Canada's -0.22% decline masked sharp divergence beneath the surface. Energy surged 2.36%, consistent with WTI crude's 2.39% advance on the day, contributing meaningfully to the sleeve's performance. That gain was offset by a steep -1.14% drop in materials, where gold's -0.96% decline weighed on the sector, and a -1.04% loss in consumer staples.

    Canada market region icon

  • United States

    44.14% of XEQT

    • XTOT.TO
    • ITOT
    -0.13% -0.06 pts from XEQT

    The U.S. sleeve declined a modest 0.13%, with technology and financials posting gains of 0.22% and 0.76% respectively. Consumer discretionary fell 0.72% and consumer staples dropped 1.07%, consistent with a session where investors turned cautious ahead of a heavy week of megacap earnings.

    United States market region icon

  • Intl Developed

    24.56% of XEQT

    • XEF.TO
    -0.47% -0.12 pts from XEQT

    The session's clearest underperformer, international developed markets fell 0.47%. European markets drove most of the weakness: the UK declined 0.81%, Switzerland 0.81%, Sweden 1.46%, and Germany 0.54%. Japan was a notable exception, rising 0.41% and contributing +0.101 pp within the sleeve, partially cushioning the broader European slide.

    Intl Developed market region icon

  • Emerging Mrkts

    5.37% of XEQT

    • XEC.TO
    -0.17% -0.01 pts from XEQT

    Emerging markets finished nearly flat at -0.17%, though the sleeve's components moved sharply in opposite directions. South Korean equities rose 1.40%, largely offsetting declines in Taiwan (-0.84%) and China (-1.19%), the latter consistent with broader economic strain reported across emerging markets linked to the ongoing Iran conflict.

    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.

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The Hold Line

A decline of this magnitude sits well within normal daily noise for a globally diversified equity fund. What the session illustrates is how internal offsets can limit damage at the portfolio level: Canada's energy surge blunted the materials selloff, and South Korea's advance absorbed much of the weakness elsewhere in emerging markets. XEQT's one-month return remains a strong +8.42%, and the fund sits 29.3% above its 52-week low. Days this quiet rarely define anything.

Signals

  • 01

    Oil lifts energy, pressures materials

    WTI crude's 2.39% advance drove Canadian energy up 2.36%, even as gold's retreat pulled Canadian materials down 1.14%, producing sharp sector divergence within a sleeve that finished nearly unchanged. For XEQT holders, commodity-driven cross-currents within Canada are a recurring feature of the fund's construction, not a source of net structural risk.

  • 02

    Europe drags developed markets sleeve

    Sweden, the Netherlands, Switzerland, and the UK each fell more than 0.80% within the international developed sleeve, concentrating losses in Western Europe while Japan's 0.41% gain provided a partial offset. The divergence within XEF.TO underscores that 'international developed' is not monolithic; geographic spread within the sleeve acts as a built-in buffer on single-market dislocations.

  • 03

    VIX decline contrasts with broad softness

    The VIX fell 3.69% to 18.02 even as equities slipped across all four sleeves, suggesting the session's weakness reflected caution rather than genuine stress in the options market. For a long-term holder, a declining VIX alongside a small drawdown is a more benign combination than the headline decline alone implies.

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