BGU.TO vs. XMTM.TO
BGU.TO (Bristol Gate Concentrated US Equity ETF) and XMTM.TO (iShares MSCI USA Momentum Factor Index ETF) are both exchange-traded funds - BGU.TO is a Large Cap Blend Equities fund actively managed by Bristol Gate, while XMTM.TO is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. BGU.TO is actively managed, while XMTM.TO is passively managed. Over the past 5 years, BGU.TO returned 9.27%/yr vs 15.54%/yr for XMTM.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
BGU.TO vs. XMTM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BGU.TO achieves a 7.16% return, which is significantly lower than XMTM.TO's 27.67% return.
BGU.TO
- 1D
- -0.54%
- 1M
- 0.99%
- 6M
- 3.59%
- YTD
- 7.16%
- 1Y
- 12.19%
- 3Y*
- 13.49%
- 5Y*
- 9.27%
- 10Y*
- —
XMTM.TO
- 1D
- -2.50%
- 1M
- -5.97%
- 6M
- 24.28%
- YTD
- 27.67%
- 1Y
- 32.55%
- 3Y*
- 31.61%
- 5Y*
- 15.54%
- 10Y*
- —
BGU.TO vs. XMTM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 7.16% | 4.62% | 18.85% | 20.28% | -13.23% | 30.22% | 8.27% | 2.54% |
XMTM.TO iShares MSCI USA Momentum Factor Index ETF | 27.67% | 14.03% | 43.59% | 6.48% | -14.53% | 15.00% | 25.77% | 3.26% |
Correlation
The correlation between BGU.TO and XMTM.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.39 |
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Return for Risk
BGU.TO vs. XMTM.TO — Risk / Return Rank
BGU.TO
XMTM.TO
BGU.TO vs. XMTM.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 iShares MSCI USA Momentum Factor Index ETF (XMTM.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 | XMTM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.86 | -1.76 |
| Martin ratioReturn relative to average drawdown | 3.07 | 7.49 | -4.42 |
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Drawdowns
BGU.TO vs. XMTM.TO - Drawdown Comparison
The maximum BGU.TO drawdown since its inception was -31.66%, which is greater than XMTM.TO's maximum drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for BGU.TO and XMTM.TO.
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Drawdown Indicators
| BGU.TO | XMTM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -29.01% | -2.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -11.42% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -20.64% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -29.01% | +3.55% |
Current DrawdownCurrent decline from peak | -2.10% | -9.93% | +7.83% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -7.90% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 4.36% | -0.38% |
Volatility
BGU.TO vs. XMTM.TO - Volatility Comparison
The current volatility for Bristol Gate Concentrated US Equity ETF (BGU.TO) is 3.40%, while iShares MSCI USA Momentum Factor Index ETF (XMTM.TO) has a volatility of 13.24%. This indicates that BGU.TO experiences smaller price fluctuations and is considered to be less risky than XMTM.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 | XMTM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 13.24% | -9.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 21.63% | -11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 23.99% | -10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 20.02% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 20.80% | -2.45% |
Dividends
BGU.TO vs. XMTM.TO - Dividend Comparison
BGU.TO has not paid dividends to shareholders, while XMTM.TO's dividend yield for the trailing twelve months is around 0.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BGU.TO Bristol Gate Concentrated US Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMTM.TO iShares MSCI USA Momentum Factor Index ETF | 0.50% | 0.71% | 0.62% | 0.84% | 1.66% | 0.32% | 0.64% | 1.24% |
Frequently Asked Questions
BGU.TO and XMTM.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGU.TO is categorized as Large Cap Blend Equities, while XMTM.TO is Momentum. They also come from different issuers: Bristol Gate and iShares.
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