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Open Edition. Friday, August 14, 2026

Curated market context for passive investors.

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$46.29
-0.17%

Headline

XEQT dips 0.17% as U.S. health care and international weakness offset commodity gains.

XEQT was trading at $46.29, down 0.17% in early trading as divergent regional forces produced a muted net result. The U.S. sleeve, which carries 45% of XEQT's weight, fell 0.33% and accounted for roughly half of the fund's decline. Health care weakness and softer technology and industrial support partially offset gains in energy and communication services. A strengthening Canadian dollar against the U.S. unit added a headwind: the CAD/USD rate rose 0.46%, reducing the translated returns of U.S. equities. Canada's sleeve rose 0.17% on strength in materials and energy, while international developed markets and emerging markets posted small declines.

How large is this morning's move?

Typical day · This morning's -0.17% 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

    25.55% of XEQT

    • XIC.TO
    +0.17% +0.04 pts to XEQT

    Canada's sleeve rose 0.17% in early trading, driven by strength in materials and energy amid commodity-linked optimism. Materials surged 1.44% and energy advanced 0.95%, combining for approximately 0.41 percentage points of contribution. Financials and technology pulled against this momentum, each down modestly, while utilities and consumer staples offered mild support.

    Canada market region icon

  • United States

    45.31% of XEQT

    • XTOT.TO
    • ITOT
    -0.33% -0.15 pts from XEQT

    The U.S. sleeve declined 0.33%, with health care weakness representing the largest drag at nearly 0.09 percentage points. Communication services and industrials provided offsets with gains of 0.06 and 0.05 percentage points respectively. Technology, the largest tracked sector at 35.5% of the sleeve, was essentially flat at plus 0.02%, constraining upside despite underlying economic resilience elsewhere in the index.

    United States market region icon

  • Intl Developed

    24.39% of XEQT

    • XEF.TO
    -0.39% -0.10 pts from XEQT

    The international developed sleeve retreated 0.39%, with Switzerland posting the steepest loss among covered markets at 0.58%. Germany advanced 0.58% and the United Kingdom gained 0.21%, but these were insufficient to offset broader declines in Switzerland and smaller losses in Hong Kong and Sweden. Among the covered exposures, the net effect remained negative as Switzerland's weight and decline dominated the regional outcome.

    Intl Developed market region icon

  • Emerging Mrkts

    4.69% of XEQT

    • XEC.TO
    -0.05% -0.00 pts from XEQT

    Emerging markets were nearly flat at minus 0.05%, with sharp divergence between two major components. South Korea surged 1.76% and China advanced 0.33%, together contributing over 0.40 percentage points to the sleeve. India's 0.26% decline and weakness in Malaysia and other smaller markets offset most of this gain, leaving the sleeve pinned near breakeven in early activity.

    Emerging Markets market region icon

Colored bars represent biggest contributors to XEQT's move this morning (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 modest decline of 0.17% reflects a quiet early session with mixed global pressures offsetting strength in commodities and selected emerging markets. Health care weakness in the U.S. and broad softness in international developed markets outweighed gains in Canadian materials and energy. For a long-term holder, the session remains in its infancy, and the rolling-month gain of 3.37% continues to underpin near-term positioning.

Signals

  • 01

    Currency translation restrains U.S. sleeve

    The Canadian dollar strengthened 0.46% against the U.S. unit, translating U.S. equity returns downward by approximately 0.46 percentage points when converted to CAD. This currency headwind is a key reason the U.S. sleeve's local-currency performance did not translate one-for-one into XEQT's CAD-denominated return.

  • 02

    U.S. health care leads tracked sector declines

    Health care weakness in the U.S., which fell 0.96% among tracked sectors, represented the single largest drag on the U.S. sleeve despite gains in communication services, industrials, and energy. Technology, the largest sector, posted virtually no movement, limiting any broad-market bounce from commodity strength or inflation relief.

  • 03

    EM strength concentrated in Asia and Eastern Europe

    South Korea and Poland rallied sharply, rising 1.76% and 1.40% respectively within emerging markets, offsetting declines elsewhere in the sleeve. This concentration of strength in specific markets within the emerging sleeve shows how regional rotation, rather than uniform weakness, characterized early trading across growth economies.

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Jul 17 to Aug 14 · $44.48 → $46.29

+4.07%