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Close Edition. Tuesday, June 23, 2026

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$44.94
-1.14%

Headline

A global technology sell-off pulls XEQT down 1.14% as all four sleeves decline

XEQT fell 1.14% to close at $44.94, pulled lower by a global technology sell-off rooted in renewed concern over AI valuations and capital spending sustainability. All four sleeves declined, with the U.S. sleeve contributing the largest share of the drag at -0.43 percentage points, followed closely by international developed markets at -0.40 pp. The session's move was 1.6 times XEQT's recent 20-day average absolute move, making it a meaningful but not extraordinary pullback. South Korea's market served as a notable flashpoint, with a circuit-breaker triggered as its benchmark index fell roughly 10%.

How large is today's move?

Larger-than-usual day · Today's -1.14% move is 1.6× 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

    24.89% of XEQT

    • XIC.TO
    -0.23% -0.06 pts from XEQT

    Canada's sleeve declined just 0.23%, contributing -0.058 pp to XEQT, limiting the domestic damage even as global pressure was acute. Materials weighed heavily within the tracked sectors, falling 4.47% and subtracting 0.77 pp from the sleeve in isolation. Financials and energy, together the largest components, both finished modestly positive and cushioned the overall result, with consumer staples rising 4.23% to add further offset.

    Canada market region icon

  • United States

    45.04% of XEQT

    • XTOT.TO
    • ITOT
    -0.95% -0.43 pts from XEQT

    The U.S. sleeve fell 0.95%, contributing -0.43 pp to XEQT as the largest single source of drag. Technology was the clear driver among tracked sectors, declining 4.14% and subtracting roughly 1.5 pp within the sleeve. Health care, consumer staples, and financials all finished higher among the areas tracked, limiting the total sleeve loss considerably.

    United States market region icon

  • Intl Developed

    24.70% of XEQT

    • XEF.TO
    -1.60% -0.40 pts from XEQT

    International developed markets declined 1.60%, contributing -0.40 pp to XEQT. Japan was the largest drag among the covered exposures, falling 4.35% and accounting for the bulk of the sleeve's loss. The Netherlands and Sweden also posted notable declines within the tracked markets, while Switzerland finished fractionally positive, standing out as the sole area of resilience among the countries represented here.

    Intl Developed market region icon

  • Emerging Mrkts

    5.20% of XEQT

    • XEC.TO
    -5.14% -0.27 pts from XEQT

    Emerging markets posted the sharpest decline of any sleeve, falling 5.14% and contributing -0.27 pp despite representing only 5.2% of the fund. South Korean equities collapsed 12.25% within the tracked markets, with circuit-breakers triggered as the selloff reached historic single-day proportions. Taiwan-listed technology equities fell 5.64%, compounding the damage, while China and India also declined, leaving no offset within the covered exposures.

    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.

The Hold Line

All four sleeves falling in the same session is relatively uncommon, but the distribution of losses here tells a specific story: emerging markets, the smallest sleeve at roughly 5% of the fund, absorbed the sharpest percentage damage while contributing roughly the same number of basis points as the much larger international developed sleeve. Canada's -0.23% move illustrates how domestic sector composition can meaningfully insulate a sleeve even as global tech pressure is acute elsewhere. A move 1.6 times the recent 20-day average is notable, but XEQT remains well above its 52-week low and carries a strong year-to-date gain into this pullback.

Signals

  • 01

    VIX spikes 19% on global risk-off

    The VIX, a measure of expected near-term volatility in U.S. equity markets derived from options pricing, surged 18.84% to 19.49, its sharpest single-session rise in recent weeks. When fear-of-volatility indicators spike this sharply alongside broad-based declines across all four sleeves, it typically reflects a fast repricing of risk rather than a steady trend shift, and historically such spikes can mean-revert quickly once the catalyst is absorbed.

  • 02

    South Korea drives EM sleeve damage

    South Korean equities tracked within the emerging markets sleeve collapsed 12.25%, the largest single-country decline recorded in the covered exposures, contributing roughly -2.86 pp within the sleeve alone. Although emerging markets represent only 5.2% of XEQT, the severity of the South Korean move illustrates how a concentrated country event inside a small sleeve can still deliver a meaningful contribution to a fund-level loss.

  • 03

    Copper and gold fall in tandem

    Copper, an industrial metal whose price often reflects expectations for global economic activity and manufacturing demand, fell 3.69% while gold also dropped 1.78%, a combination that points toward broader demand pessimism rather than a simple flight-to-safety dynamic. For XEQT holders, the synchronised decline in both metals alongside equity weakness suggests the session's pressure was more about growth uncertainty than sector rotation alone.

Keeping Perspective

XEQT has been here before

Today's dip may feel worrying, but XEQT is a globally diversified fund designed to be held for the long term. Comparable declines have happened before. The examples below are the closest prior moves in XEQT's own history and show what followed.

This is a new feature of the brief. If anything looks off, contact us.

Hover or drag across a chart to explore its recovery timeline.

Comparable days

  • -1.14% on Feb 22, 2022

    Recovered in 18 days

    Day of drop Feb 18 to Feb 22

    $26.51 $26.21 -1.14%

  • -1.14% on Jan 31, 2020

    Recovered in 2 days

    Day of drop Jan 30 to Jan 31

    $22.23 $21.98 -1.14%

  • -1.14% on Jun 13, 2025

    Recovered in 6 days

    Day of drop Jun 12 to Jun 13

    $35.44 $35.04 -1.14%

  • -1.14% on Oct 20, 2023

    Recovered in 8 days

    Day of drop Oct 19 to Oct 20

    $25.76 $25.47 -1.14%

Recovery durations represent day counts from first drop. Red represents path to lowest point in a plot. Green represents the recovery from it.

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Event Window

Key events from the last 20 days

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May 27 to Jun 23 · $44.32 → $44.94

+1.40%