BGU.TO vs. ESGY.TO
BGU.TO (Bristol Gate Concentrated US Equity ETF) and ESGY.TO (BMO MSCI USA Selection Equity Index ETF) are both Large Cap Blend Equities funds. Over the past 5 years, BGU.TO returned 9.13%/yr vs 15.28%/yr for ESGY.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
BGU.TO vs. ESGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGU.TO achieves a 6.46% return, which is significantly lower than ESGY.TO's 11.92% return.
BGU.TO
- 1D
- -0.81%
- 1M
- 0.27%
- 6M
- 1.27%
- YTD
- 6.46%
- 1Y
- 10.49%
- 3Y*
- 12.99%
- 5Y*
- 9.13%
- 10Y*
- —
ESGY.TO
- 1D
- -0.25%
- 1M
- 0.99%
- 6M
- 8.99%
- YTD
- 11.92%
- 1Y
- 23.62%
- 3Y*
- 22.30%
- 5Y*
- 15.28%
- 10Y*
- —
BGU.TO vs. ESGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 6.46% | 4.62% | 18.85% | 20.28% | -13.23% | 30.22% | 3.06% |
ESGY.TO BMO MSCI USA Selection Equity Index ETF | 11.92% | 13.67% | 33.83% | 26.54% | -15.46% | 30.67% | 11.27% |
Correlation
The correlation between BGU.TO and ESGY.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.54 |
The correlation between BGU.TO and ESGY.TO has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
BGU.TO vs. ESGY.TO — Risk / Return Rank
BGU.TO
ESGY.TO
BGU.TO vs. ESGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bristol Gate Concentrated US Equity ETF (BGU.TO) and BMO MSCI USA Selection Equity Index ETF (ESGY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGU.TO | ESGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.47 | -1.52 |
| Martin ratioReturn relative to average drawdown | 2.64 | 8.92 | -6.28 |
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Drawdowns
BGU.TO vs. ESGY.TO - Drawdown Comparison
The maximum BGU.TO drawdown since its inception was -31.66%, which is greater than ESGY.TO's maximum drawdown of -26.36%. Use the drawdown chart below to compare losses from any high point for BGU.TO and ESGY.TO.
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Drawdown Indicators
| BGU.TO | ESGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -26.36% | -5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -10.62% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -20.83% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -22.89% | -2.57% |
Current DrawdownCurrent decline from peak | -2.75% | -1.47% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.25% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.93% | +1.05% |
Volatility
BGU.TO vs. ESGY.TO - Volatility Comparison
Bristol Gate Concentrated US Equity ETF (BGU.TO) has a higher volatility of 3.51% compared to BMO MSCI USA Selection Equity Index ETF (ESGY.TO) at 2.85%. This indicates that BGU.TO's price experiences larger fluctuations and is considered to be riskier than ESGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGU.TO | ESGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.85% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 9.94% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 12.80% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 15.61% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 16.82% | +1.52% |
Dividends
BGU.TO vs. ESGY.TO - Dividend Comparison
BGU.TO has not paid dividends to shareholders, while ESGY.TO's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESGY.TO BMO MSCI USA Selection Equity Index ETF | 0.62% | 0.66% | 0.79% | 1.16% | 1.34% | 1.12% | 1.44% |
Frequently Asked Questions
BGU.TO and ESGY.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Bristol Gate and BMO.
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