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Close Edition. Thursday, September 17, 2026

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$45.51
+1.09%

Headline

XEQT rises 1.09% as oil and bond yields ease, lifting all four sleeves despite a Fed rate hike

XEQT closed at $45.51, up 1.09%, a move 2.5 times the recent 20-day average, as falling oil prices and easing bond yields lifted equity markets broadly. All four sleeves advanced, with the U.S. sleeve contributing the most at an estimated 0.48 percentage points, followed by Canada at 0.26 pp. The session came despite the Federal Reserve raising interest rates, with the relief from lower crude and declining Treasury yields proving the dominant force across markets.

How large is today's move?

Notable day · Today's +1.09% move is 2.5× 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

    25.49% of XEQT

    • XIC.TO
    +1.04% +0.26 pts to XEQT

    The Canadian sleeve gained 1.04%, with materials the standout, rising 3.63% within the tracked sectors. Gold's relative firmness likely contributed to the materials strength, while financials and energy added steadier gains of 0.69% and 0.72% respectively. The TSX posted its largest single-session advance in two weeks, with the broad gain consistent with easing pressure from bond yields.

    Canada market region icon

  • United States

    45.09% of XEQT

    • XTOT.TO
    • ITOT
    +1.06% +0.48 pts to XEQT

    U.S. technology was the clearest driver within the sleeve, rising 2.25% among the sectors tracked. Communication services and financials were modest detractors, but technology's outsized weight more than offset those drags. The 10-year Treasury yield fell 1.18% on the day, and with WTI crude sliding through $101, the conditions that had pressured equities in recent sessions reversed course.

    United States market region icon

  • Intl Developed

    24.42% of XEQT

    • XEF.TO
    +0.85% +0.21 pts to XEQT

    International developed markets advanced 0.85%, contributing 0.21 pp to XEQT. Among the markets tracked, Australia was the strongest, rising 2.25%, while the UK added 1.03% and Japan gained 0.93%. Japan's advance was supported by easing oil prices and reassurance from the Fed's communication, with investors returning to beaten-down gaming and pharmaceutical stocks. The JPY/CAD rate rose 1.12%, providing an additional tailwind for Japanese equity returns translated back into Canadian dollars.

    Intl Developed market region icon

  • Emerging Mrkts

    4.78% of XEQT

    • XEC.TO
    +1.88% +0.09 pts to XEQT

    Emerging markets delivered the session's strongest sleeve return at 1.88%, though their smaller 4.78% weight in XEQT limited the contribution to roughly 0.09 pp. South Korean equities rose sharply among the tracked markets, led by technology stocks, even as the Fed delivered its first rate hike in over three years. Taiwan-listed equities also advanced meaningfully, with India and China adding more modest gains.

    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 1.09% session that was 2.5 times the recent daily average carries real weight, particularly against a rolling-month return that had been negative entering the day. The breadth here is genuinely notable: all four sleeves contributed positively, and the gains came from distinct sources, U.S. technology, Canadian materials, and a strong broad advance across emerging markets. What the session illustrates is that the fund's geographic spread can absorb a Fed rate hike and still produce a meaningful positive day when other pressures, particularly oil and long yields, ease simultaneously.

Signals

  • 01

    VIX drops over 10% in one session

    The VIX, a measure of expected near-term volatility in U.S. equities derived from options pricing, fell 10.23% to 15.44, its largest single-day drop in the recent period. A decline of this magnitude, crossing the 10% threshold, typically signals a broad shift in market sentiment toward risk-taking, and the pattern here was consistent with all four sleeves advancing on the same day.

  • 02

    Canadian materials surge, diverge from energy

    Canadian materials surged 3.63% within the tracked sectors, far outpacing every other Canadian sector and delivering the largest within-sleeve contribution of any single sector across the entire fund. The divergence between materials and energy, which rose a more modest 0.72% even as crude fell, points to gold-related strength rather than commodity-price momentum driving the materials move.

  • 03

    Emerging markets outpace all sleeves

    Emerging markets rose 1.88%, more than double the next strongest sleeve return and well above the fund's 1.09% gain, driven by South Korean and Taiwanese equities advancing despite a Fed rate hike. For a long-term XEQT holder, the emerging markets sleeve's 23.58% YTD return now stands meaningfully above the fund's 14.09%, and a session where that sleeve outperforms even on a hawkish Fed day underscores the idiosyncratic momentum in that part of the portfolio.

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Key events from the last 20 days

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Aug 20 to Sep 17 · $45.34 → $45.51

+0.37%