REQT finishes ahead of every all-in-one ETFs
All underlying ETFs in the green, with the U.S. momentum fund and emerging markets doing the most work.
Régis Holstein and Anthony HolsteinThursday, July 30, 2026
REQT closed +1.91% following the recent positive earnings report from tech giants on Wednesday.
Innovation had the strongest sleeve return at +2.67% and International was right behind it at +2.63%, but the U.S. sleeve still put up the largest contribution at +0.67% simply on size, since it's 40% of the model. Canada was behind the other regions at +0.93%, still remarkably high. ZCN was up +0.55%, but the two Canadian factor ETFs amplified that return. ZSML, the U.S. small cap allocation, printed +0.00%. It was the only holding that didn't move at all.
| ETF | Weight | Move | Added |
|---|---|---|---|
| FCMO Fidelity U.S. Momentum | 10% | +3.21% | +0.32% |
| ZEA BMO MSCI EAFE | 10% | +2.38% | +0.24% |
| ZSP BMO S&P 500 | 16% | +1.32% | +0.21% |
| ZEM BMO MSCI Emerging Markets | 5% | +3.46% | +0.17% |
| FCIM Fidelity International Momentum | 5% | +3.14% | +0.16% |
| FINN Fidelity Global Innovators | 6% | +2.60% | +0.16% |
| ORBX Global X Space Economy | 3% | +4.21% | +0.13% |
| FCUV Fidelity U.S. Value | 10% | +1.20% | +0.12% |
| CIF CI Global Infrastructure | 6% | +1.96% | +0.12% |
| FCIV Fidelity International Value | 5% | +1.77% | +0.09% |
| FCCV Fidelity Canada Value | 5% | +1.41% | +0.07% |
| FCCM Fidelity Canada Momentum | 5% | +1.22% | +0.06% |
| ZCN BMO S&P/TSX Capped | 10% | +0.55% | +0.06% |
| ZMID BMO S&P Mid Cap | 2% | +0.87% | +0.02% |
| ZSML BMO S&P Small Cap | 2% | +0.00% | +0.00% |
On days like this the factor split flips from what we saw earlier in the week. FCMO (U.S. momentum factor) was up +3.21%, but FCUV at +1.20% was still solidly green.
ORBX, the space economy ETF, was the top contributor today, up +4.21%. It's a small position, so it contributed/added +0.13% to REQT.
| Fund | Today |
|---|---|
| REQT this model portfolio | +1.91% |
| HEQT Global X All-Equity | +1.66% |
| XEQT iShares Core Equity | +1.47% |
| ZEQT BMO All-Equity | +1.46% |
| CAGE Avantis / CIBC All-Equity | +1.44% |
| VEQT Vanguard All-Equity | +1.35% |
| FEQT Fidelity All-in-One Equity | +1.23% |
| TEQT TD All-Equity | +1.22% |
| GEQT iShares ESG Equity | +1.20% |
The REQT model came out ahead of all eight all-in-one ETFs, with HEQT closest at +1.66%. The Innovation sleeve is most of the reason. None of those funds hold global innovators, listed infrastructure or space technology, and that basket returned +2.67% today, which is a wider margin than the rest of the portfolio managed. FINN (the Global Innovation allocation) +2.60% and CIF (Global Infrastructure) +1.96%.
Year to date REQT sits at +16.50% and the trailing year is +27.89%.
Thanks for reading, and we'll be back tomorrow with the next one.