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Close Edition. Tuesday, August 4, 2026

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$46.01
+2.70%

Headline

XEQT closes up 2.70% as Iran deal optimism and U.S. technology strength lift all four sleeves

XEQT closed at $46.01, up 2.70% on the day, reopening after the Civic Holiday with a session shaped by optimism that a U.S.-Iran agreement could reopen the Strait of Hormuz. That prospect sent WTI crude down 6.31%, relieving geopolitical pressure across global markets while driving a broad equity advance. All four sleeves finished higher, with the U.S. contributing roughly 1.42 percentage points of the gain. XEQT set a new 52-week intraday high of $46.10 before closing at $46.01.

How large is today's move?

Substantial move · Today's +2.70% move is 4.5× 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

    25.30% of XEQT

    • XIC.TO
    +1.62% +0.41 pts to XEQT

    Canada's sleeve gained 1.62%, contributing 0.41 percentage points to XEQT. Materials surged 5.08% and information technology climbed 6.63%, together accounting for the bulk of the advance, as higher gold prices and Iran deal optimism lifted mining stocks and the broader risk-on tone carried tech. Energy fell 2.88%, a headwind that the sharp oil decline predictably created, but the other sectors more than compensated.

    Canada market region icon

  • United States

    45.36% of XEQT

    • XTOT.TO
    • ITOT
    +3.13% +1.42 pts to XEQT

    The U.S. sleeve rose 3.13% and supplied 1.42 percentage points, the dominant force of the session. Technology was the standout among tracked sectors, up roughly 5%, with strong corporate earnings from companies including Palantir reinforcing the advance alongside Hormuz optimism. A notable divergence appeared within the sleeve: XTOT, the CAD-listed component, returned 3.76% versus a CAD-adjusted 2.00% for ITOT, a gap consistent with pricing differences between the two instruments rather than a currency effect, as the Canadian dollar moved only marginally.

    United States market region icon

  • Intl Developed

    24.58% of XEQT

    • XEF.TO
    +2.02% +0.50 pts to XEQT

    International developed markets advanced 2.02%, adding 0.50 percentage points. Among the tracked markets, Australia rose 2.45% and the Netherlands 2.31%, while Japan contributed steadily at 1.83% despite some caution around yen intervention risks. European markets were a meaningful part of the story: the DAX closed at a record high and Spain's IBEX crossed 20,000 points for the first time, with easing oil prices and geopolitical risk reduction cited as drivers across the region.

    Intl Developed market region icon

  • Emerging Mrkts

    4.66% of XEQT

    • XEC.TO
    +3.70% +0.17 pts to XEQT

    Emerging markets posted the strongest sleeve return of the session at 3.70%, though the absolute contribution to XEQT was smaller at 0.17 percentage points given the sleeve's 4.66% weight. Taiwan-related equities rose 4.32% and South Korean equities gained 6.80% among the tracked exposures, with the SK Hynix U.S. listing noted as a supporting factor for the won. China-related equities moved modestly, up 0.34%, while Brazil-related equities were the only detractor within covered markets.

    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

A gain of 2.70% on reopening after a holiday is meaningful in absolute terms, coming in at 4.5 times XEQT's recent average daily move. What stands out is how the advance was distributed: all four sleeves contributed positively, with no single region detracting. The session also set a fresh 52-week intraday high of $46.10, closing at $46.01. For a long-term holder, the breadth of today's recovery matters more than its size.

Signals

  • 01

    Oil Drop Reshapes Sector Leadership

    WTI crude oil, a benchmark for global energy prices, fell 6.31% after Treasury Secretary Bessent indicated a U.S.-Iran deal could be imminent, potentially reopening the Strait of Hormuz. For XEQT holders, this created an unusual split: Canadian energy equities declined 2.88% within the sleeve while materials, technology, and global risk assets all rallied sharply, meaning the net portfolio effect was strongly positive despite energy's drag.

  • 02

    U.S. Tech Concentration Drives Return

    U.S. technology contributed an estimated 1.72 percentage points within the U.S. sleeve alone, the single largest tracked sector driver in today's session, amplified by strong earnings results from high-profile companies. At roughly 34.5% of the U.S. sleeve and 45% of XEQT, technology's outsized weight means concentration in this sector meaningfully determines whether the fund has a strong day or a weak one, a pattern worth monitoring as valuations remain elevated.

  • 03

    XTOT and ITOT Gap Widens

    The XTOT CAD-listed component returned 3.76% while the CAD-adjusted ITOT return was 2.00%, a gap of 1.76 percentage points that exceeds the usual threshold for meaningful divergence within the blended U.S. sleeve. The CAD/USD move of negative 0.14% explains only a fraction of this gap, suggesting instrument-level pricing differences between the two components contributed to the spread; the blended sleeve return of 3.13% remains the authoritative figure for XEQT attribution.

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Key events from the last 20 days

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Jul 7 to Aug 4 · $45.21 → $46.01

+1.77%