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BMO MSCI USA High Quality Index ETF (ZUQ.TO) Sharpe Ratio: 1.56

ETF · Currency in CAD · Last updated Jun 4, 2026

The ETF aims to replicate the performance of the MSCI USA Quality Index by investing in U.S. equities that exhibit high return on equity, stable earnings growth, and low financial leverage. The strategy focuses on capturing quality growth stocks while managing expenses through indexed investing.

ZUQ.TO's Sharpe Ratio of 1.56 indicates that for each unit of volatility, it generates 1.56 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ZUQ.TO Sharpe Ratio Rank

ZUQ.TO Sharpe Ratio Rank: 43.443
Average

ZUQ.TO ranks above 43.4% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

ZUQ.TO Sharpe Ratio Market Positioning

The chart shows ZUQ.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.73+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares BMO MSCI USA High Quality Index ETF's Sharpe Ratio with other ETFs in the Large Cap Blend Equities category across multiple time periods, showing how ZUQ.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
KNGC.TOBrompton Canadian Cash Flow Kings ETF4.54
TPU.TOTD U.S. Equity Index ETF2.53
CLU.NEOiShares US Fundamental Index ETF (CAD-Hedged) Common Class2.50
CNCL.TOGlobal X Enhanced S&P/TSX 60 Covered Call ETF2.48
QUU.TOMackenzie US Large Cap Equity Index ETF2.47
VUN.TOVanguard U.S. Total Market Index ETF2.47
HBF.TOHarvest US Equity Leaders Income ETF Class A (CAD Hedged)2.46
XUSC.TOiShares S&P 500 3% Capped Index ETF (CAD Units)2.43
ETSX.TOEvolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged2.43
XUU.TOiShares Core S&P U.S. Total Market Index ETF2.42
ZUQ.TOBMO MSCI USA High Quality Index ETF1.56

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ZUQ.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ZUQ.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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