In this video, I compare three popular Canadian asset allocation ETFs: XEQT, VEQT, and ZEQT.

Based on the backtested results shown in the Vanguard, BMO, and iShares portfolio reports, XEQT appears to slightly outperform the others over the past 20 years. But a closer look at the methodology shows that the difference is largely driven by a single assumption in the backtest — specifically the fixed U.S. equity allocation.