BMO vs. CEW.TO
Compare and contrast key facts about Bank of Montreal (BMO) and iShares Equal Weight Banc & Lifeco ETF (CEW.TO).
CEW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Fin Svc GR CAD. It was launched on Feb 6, 2008.
Performance
BMO vs. CEW.TO - Performance Comparison
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BMO vs. CEW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 5.20% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
CEW.TO iShares Equal Weight Banc & Lifeco ETF | -1.80% | 38.93% | 19.25% | 19.71% | -13.09% | 30.22% | 1.35% | 31.65% | -19.62% | 19.60% |
Different Trading Currencies
BMO is traded in USD, while CEW.TO is traded in CAD. To make them comparable, the CEW.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BMO achieves a 5.20% return, which is significantly higher than CEW.TO's -1.80% return. Both investments have delivered pretty close results over the past 10 years, with BMO having a 13.45% annualized return and CEW.TO not far behind at 12.99%.
BMO
- 1D
- 2.87%
- 1M
- -5.97%
- YTD
- 5.20%
- 6M
- 5.81%
- 1Y
- 47.58%
- 3Y*
- 20.58%
- 5Y*
- 13.56%
- 10Y*
- 13.45%
CEW.TO
- 1D
- 2.48%
- 1M
- -4.75%
- YTD
- -1.80%
- 6M
- 9.36%
- 1Y
- 36.56%
- 3Y*
- 23.07%
- 5Y*
- 13.17%
- 10Y*
- 12.99%
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Return for Risk
BMO vs. CEW.TO — Risk / Return Rank
BMO
CEW.TO
BMO vs. CEW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO) and iShares Equal Weight Banc & Lifeco ETF (CEW.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.
| BMO | CEW.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 2.47 | -0.11 |
Sortino ratioReturn per unit of downside risk | 2.97 | 3.21 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.86 | +0.27 |
Martin ratioReturn relative to average drawdown | 14.63 | 15.29 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BMO | CEW.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.47 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.79 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.64 | -0.09 |
Correlation
The correlation between BMO and CEW.TO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BMO vs. CEW.TO - Dividend Comparison
BMO's dividend yield for the trailing twelve months is around 3.50%, more than CEW.TO's 2.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 3.50% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
CEW.TO iShares Equal Weight Banc & Lifeco ETF | 2.81% | 2.75% | 3.32% | 3.87% | 3.84% | 2.93% | 3.61% | 3.20% | 2.95% | 2.47% | 2.54% | 2.74% |
Drawdowns
BMO vs. CEW.TO - Drawdown Comparison
The maximum BMO drawdown since its inception was -68.17%, which is greater than CEW.TO's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for BMO and CEW.TO.
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Drawdown Indicators
| BMO | CEW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.17% | -53.58% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -9.67% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -22.46% | -11.48% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -43.66% | -7.31% |
Current DrawdownCurrent decline from peak | -9.08% | -4.35% | -4.73% |
Average DrawdownAverage peak-to-trough decline | -11.49% | -7.08% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 2.52% | +0.76% |
Volatility
BMO vs. CEW.TO - Volatility Comparison
Bank of Montreal (BMO) has a higher volatility of 8.03% compared to iShares Equal Weight Banc & Lifeco ETF (CEW.TO) at 5.72%. This indicates that BMO's price experiences larger fluctuations and is considered to be riskier than CEW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMO | CEW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 5.72% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 10.21% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.30% | 14.87% | +5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.23% | 16.82% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.62% | 20.31% | +3.31% |