XEQT is the most popular all-equity ETF in Canada. One purchase gets you 9,000+ stocks across 50 countries. 0.20% MER. Auto-rebalancing. No DIY required. If you can only own one ETF, this is the default answer for most Canadians.
★ Top 8 = ~17% of fund. Remaining 9,000+ stocks make up the other 83%. Genuine diversification.
★ XEQT is slightly cheaper (0.04% MER edge) and more popular. VEQT has higher US + EM exposure. Performance differences are within rounding error — both are excellent.
For 95% of Canadian DIY investors, XEQT is the right answer. Globally diversified. Auto-rebalanced. 0.20% MER. No DIY required. Hold it in your TFSA, RRSP, FHSA, or non-registered. The only good reasons to NOT own XEQT are: you want bonds (use XBAL/XGRO), you want zero Canadian exposure (use XAW), or you specifically want Vanguard (use VEQT).