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Close Edition. Tuesday, September 8, 2026

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$45.46
-0.85%

Headline

XEQT falls 0.85% as an oil-driven inflation scare pulls all four sleeves lower

XEQT closed at $45.46, down 0.85%, a move roughly 2.2 times the recent daily average as all four regional sleeves declined in unison. A sharp rise in WTI crude oil, which climbed above $94 per barrel on news of conflict near Saudi facilities, stoked inflation and rate-hike concerns that weighed on equities broadly. The U.S. sleeve was the largest drag at -0.82%, contributing -0.37 percentage points, while Canada fell -1.04% for a -0.27 pp hit. Emerging markets were the relative cushion, slipping only -0.22% and contributing a negligible -0.01 pp to the fund's decline.

How large is today's move?

Notable day · Today's -0.85% move is 2.2× 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

    25.70% of XEQT

    • XIC.TO
    -1.04% -0.27 pts from XEQT

    Canadian equities shed 1.04%, with financials and information technology accounting for the heaviest losses among the sectors tracked. Financials fell 1.51% and IT dropped 3.11%, together more than erasing a meaningful gain from energy, which rose 0.88% as WTI crude surged. The S&P/TSX Composite fell nearly 400 points, with the technology sector singled out as a primary weight on the index.

    Canada market region icon

  • United States

    44.95% of XEQT

    • XTOT.TO
    • ITOT
    -0.82% -0.37 pts from XEQT

    The U.S. sleeve declined 0.82%, the largest absolute contributor to XEQT's loss. Health care was the clearest drag among the sectors tracked, falling 2.52%, with drug stocks broadly under pressure. U.S. technology bucked the trend with a modest 0.32% gain, offering a partial offset within the sleeve.

    United States market region icon

  • Intl Developed

    24.43% of XEQT

    • XEF.TO
    -0.89% -0.22 pts from XEQT

    The international developed sleeve fell 0.89%, contributing -0.22 pp. Switzerland was the sharpest decliner among the markets tracked, down 2.42%, weighed in part by a record single-day drop in Novartis shares following a clinical-trial setback. European bond yields rose alongside oil, with Brent approaching $100 per barrel and euro-area inflation running at 3.3% in August, complicating the ECB's path.

    Intl Developed market region icon

  • Emerging Mrkts

    4.84% of XEQT

    • XEC.TO
    -0.22% -0.01 pts from XEQT

    Emerging markets held up best, slipping just 0.22% and contributing a negligible -0.01 pp. South Korea and Brazil advanced 0.55% and 1.98% respectively among the markets tracked, offsetting broad weakness in China and India, which each declined more than 1.6%.

    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 broad decline of this magnitude, 2.2 times the recent daily average, warrants attention without alarm. All four sleeves fell, yet the spread between the worst contributor (the U.S., at -0.37 pp) and the best (Emerging Markets, at just -0.01 pp) reveals the fund's geographic range doing its quiet work. Energy's strength in both Canada and the U.S. provided a partial offset on a day when most sectors retreated. The session reflects a specific macro jolt, not a change in the long-term investment case for a diversified global equity holder.

Signals

  • 01

    Oil and yields pressure broad equities

    WTI crude oil, a benchmark for global energy prices, rose 2.84% to $94.08, and the 10-year U.S. Treasury yield climbed to 4.81%, a move consistent with rising inflation expectations. This combination pressured rate-sensitive sectors including health care and financials across multiple sleeves while boosting energy producers in Canada and the U.S.

  • 02

    Novartis setback skews Swiss returns

    Swiss equities fell 2.42% among the markets tracked, the steepest country-level decline within the international developed sleeve, amplified by a record single-session drop in a major pharmaceutical name after consecutive clinical-trial failures. A single large-cap event of this kind can meaningfully distort a small country's contribution, so the sleeve's overall -0.89% return reflects a wider but less acute European softness.

  • 03

    VIX rises on post-holiday return

    The VIX, a measure of implied volatility in U.S. equity options, rose 8.19% to 15.72, signaling a meaningful one-day pickup in perceived market risk on the post-Labour Day return to trading. For a long-term XEQT holder, a VIX at this level remains well within a normal range and does not suggest structural stress, but the jump confirms that today's broad decline carried a genuine risk-off tone rather than sector-specific noise.

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.

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

Comparable days

  • -0.85% on Oct 13, 2023

    Recovered in 2 days

    Day of drop Oct 12 to Oct 13

    $26.21 $25.98 -0.85%

  • -0.85% on Jul 17, 2026

    Recovered in 2 days

    Day of drop Jul 16 to Jul 17

    $44.86 $44.48 -0.85%

  • -0.85% on May 30, 2023

    Recovered in 3 days

    Day of drop May 29 to May 30

    $26.24 $26.01 -0.85%

Bigger market moments

  • -0.85% on Sep 21, 2022

    Recovered in 23 days

    Day of drop Sep 20 to Sep 21

    $23.73 $23.53 -0.85%

    2022 inflation & rate-hike bear market

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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Aug 11 to Sep 8 · $45.94 → $45.46

-1.04%