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Close Edition. Tuesday, September 15, 2026

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$45.01
-0.35%

Headline

All four XEQT sleeves decline as rising oil and Treasury yields tighten the session

All four XEQT sleeves closed lower on Tuesday, as rising oil prices pushed the 10-year U.S. Treasury yield toward 5%, fanning inflation concerns and raising the probability of a Federal Reserve rate hike. The international developed sleeve was the dominant drag, contributing roughly -0.30 percentage points to XEQT's -0.35% decline. The U.S. sleeve added -0.16 percentage points, while Canada managed to limit its damage partly through a sharp gain in energy-related equities. Emerging markets were the smallest contributor to the decline at -0.02 percentage points.

How large is today's move?

Typical day · Today's -0.35% move is 0.7× 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

    25.46% of XEQT

    • XIC.TO
    -0.26% -0.07 pts from XEQT

    Canada's sleeve fell 0.26%, the second-smallest drag among the four regions. Canadian energy equities surged 3.20% on the back of WTI crude's 4.16% advance to $105.61, providing meaningful offset. Information technology and consumer staples fell more than 1.5% and 1.87% respectively, and financials dipped 0.26%, limiting how much the energy gain could do for the sleeve overall.

    Canada market region icon

  • United States

    45.10% of XEQT

    • XTOT.TO
    • ITOT
    -0.34% -0.15 pts from XEQT

    The U.S. sleeve declined 0.34%, with consumer discretionary falling 1.75% and communication services off 0.90% among the sectors tracked. Technology slipped only 0.29%, a relatively contained loss given its weight. U.S. energy-related equities gained 2.17%, providing partial offset, while rising odds of a Fed rate hike weighed broadly on sentiment.

    United States market region icon

  • Intl Developed

    24.55% of XEQT

    • XEF.TO
    -1.22% -0.30 pts from XEQT

    The international developed sleeve fell 1.22%, supplying the majority of XEQT's loss. Japan was the largest tracked contributor to the decline, with European markets also broadly lower under pressure from rising bond yields and elevated oil prices. Spain was the lone bright spot among tracked markets, edging up 0.18%, while France, Germany, Switzerland, and Australia each posted moderate declines.

    Intl Developed market region icon

  • Emerging Mrkts

    4.75% of XEQT

    • XEC.TO
    -0.39% -0.02 pts from XEQT

    Emerging markets slipped 0.39%, contributing just -0.02 percentage points to XEQT's decline. India was the steepest mover among the areas tracked, falling 1.73%, while China declined 0.77% and Taiwan was off 0.50%. South Korea edged up 0.15% and South Africa gained 0.63%, providing partial offset within the sleeve.

    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

The session's defining characteristic was concentration of damage: the international developed sleeve, just under a quarter of XEQT, supplied more than half the fund's decline. Canada's energy sector, benefiting from WTI crude at $105.61, partially cushioned a day when every other tracked area moved lower. Rising yields at a 19-year high are a real pressure on rate-sensitive assets, but a 0.35% fund-level move, on a day with that kind of macro backdrop, reflects the breadth of XEQT's construction doing quiet work. The two-session pullback remains well within the texture of a year that has returned 12.84%.

Signals

  • 01

    Yields near 5% pressure rate-sensitive sectors

    The 10-year U.S. Treasury yield, which reflects the market's expectation of long-term borrowing costs, rose 0.71% to nearly 5.00%, a level that signals broadly tighter financial conditions. Rate-sensitive Canadian sectors including utilities and consumer staples fell more than 1.2% each, consistent with the pressure elevated yields typically place on income-oriented segments of the market.

  • 02

    Crude surge lifts energy, fans inflation fears

    WTI crude oil, the North American benchmark price for petroleum, surged 4.16% to $105.61, extending a rally that has now persisted across several sessions and underpins rising inflation concerns ahead of the Fed's decision. Within the tracked portions of the Canada and U.S. sleeves, energy-related equities were the only sectors to advance, limiting sleeve-level damage on an otherwise uniformly negative day.

  • 03

    Intl Developed sleeve dominates XEQT drag

    The international developed sleeve fell 1.22% and contributed roughly 56% of XEQT's total decline despite representing only about 25% of the fund by weight. That concentration of drag in a single non-U.S. developed sleeve, with no offsetting region to absorb it, reflects how meaningful geographic breadth can cut both ways when global yields rise in tandem.

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Aug 18 to Sep 15 · $45.71 → $45.01

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