PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BNKS.L vs. ZUQ.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

BNKS.L vs. ZUQ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares S&P U.S. Banks (BNKS.L) and BMO MSCI USA High Quality Index ETF (ZUQ.TO).

BNKS.L and ZUQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNKS.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on May 22, 2018. ZUQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Quality Index. It was launched on Nov 4, 2014. Both BNKS.L and ZUQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BNKS.L vs. ZUQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P U.S. Banks (BNKS.L) and BMO MSCI USA High Quality Index ETF (ZUQ.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

BNKS.L vs. ZUQ.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
BNKS.L
iShares S&P U.S. Banks		-2.97%20.45%28.55%-3.74%-18.79%39.71%-12.04%36.28%-24.32%
ZUQ.TO
BMO MSCI USA High Quality Index ETF		-3.05%10.85%23.43%36.27%-23.80%27.34%22.32%38.32%-6.58%
Different Trading Currencies

BNKS.L is traded in USD, while ZUQ.TO is traded in CAD. To make them comparable, the ZUQ.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with BNKS.L having a -2.97% return and ZUQ.TO slightly lower at -3.05%.

BNKS.L

1D
3.24%
1M
-1.45%
YTD
-2.97%
6M
4.50%
1Y
23.60%
3Y*
22.08%
5Y*
5.16%
10Y*
—

ZUQ.TO

1D
0.70%
1M
-5.42%
YTD
-3.05%
6M
-3.97%
1Y
10.89%
3Y*
17.71%
5Y*
10.84%
10Y*
14.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P U.S. Banks

BMO MSCI USA High Quality Index ETF

Often compared with BNKS.L:
BNKS.L vs. KBEBNKS.L vs. EXV1.DEBNKS.L vs. XLFBNKS.L vs. ^NDXBNKS.L vs. UIFS.LBNKS.L vs. VOOBNKS.L vs. VFH
Often compared with ZUQ.TO:
ZUQ.TO vs. ZSP.TOZUQ.TO vs. ZGQ.TOZUQ.TO vs. VFV.TOZUQ.TO vs. VGG.TOZUQ.TO vs. ZNQ.TOZUQ.TO vs. XEQT.TOZUQ.TO vs. GARP

BNKS.L vs. ZUQ.TO - Expense Ratio Comparison

BNKS.L has a 0.35% expense ratio, which is higher than ZUQ.TO's 0.33% expense ratio.

BNKS.L
iShares S&P U.S. Banks
ZUQ.TO
BMO MSCI USA High Quality Index ETF

Return for Risk

BNKS.L vs. ZUQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BNKS.L
BNKS.L Risk / Return Rank: 4646
Overall Rank
BNKS.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
BNKS.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
BNKS.L Omega Ratio Rank: 4646
Omega Ratio Rank
BNKS.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
BNKS.L Martin Ratio Rank: 4242
Martin Ratio Rank
ZUQ.TO
ZUQ.TO Risk / Return Rank: 2525
Overall Rank
ZUQ.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
ZUQ.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
ZUQ.TO Omega Ratio Rank: 2525
Omega Ratio Rank
ZUQ.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
ZUQ.TO Martin Ratio Rank: 2525
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNKS.L vs. ZUQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks (BNKS.L) and BMO MSCI USA High Quality Index ETF (ZUQ.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.

BNKS.LZUQ.TODifference

Sharpe ratio

Return per unit of total volatility

0.92

0.60

+0.32

Sortino ratio

Return per unit of downside risk

1.32

0.98

+0.35

Omega ratio

Gain probability vs. loss probability

1.19

1.14

+0.04

Calmar ratio

Return relative to maximum drawdown

1.35

0.98

+0.37

Martin ratio

Return relative to average drawdown

4.23

3.43

+0.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNKS.L vs. ZUQ.TO - Sharpe Ratio Comparison

The current BNKS.L Sharpe Ratio is 0.92, which is higher than the ZUQ.TO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of BNKS.L and ZUQ.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

BNKS.LZUQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.92

0.60

+0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.60

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.70

-0.53

Correlation

The correlation between BNKS.L and ZUQ.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BNKS.L vs. ZUQ.TO - Dividend Comparison

BNKS.L has not paid dividends to shareholders, while ZUQ.TO's dividend yield for the trailing twelve months is around 0.48%.

TTM20252024202320222021202020192018201720162015
BNKS.L
iShares S&P U.S. Banks		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZUQ.TO
BMO MSCI USA High Quality Index ETF		0.48%0.46%0.57%0.86%0.99%0.80%0.96%0.96%1.07%1.16%1.00%0.88%

Drawdowns

BNKS.L vs. ZUQ.TO - Drawdown Comparison

The maximum BNKS.L drawdown since its inception was -51.35%, which is greater than ZUQ.TO's maximum drawdown of -31.27%. Use the drawdown chart below to compare losses from any high point for BNKS.L and ZUQ.TO.

Loading graphics...

Drawdown Indicators

BNKS.LZUQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.35%

-26.94%

-24.41%

Max Drawdown (1Y)

Largest decline over 1 year

-17.07%

-11.04%

-6.03%

Max Drawdown (5Y)

Largest decline over 5 years

-50.15%

-26.94%

-23.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.94%

—

Current Drawdown

Current decline from peak

-11.58%

-7.63%

-3.95%

Average Drawdown

Average peak-to-trough decline

-17.98%

-4.64%

-13.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.39%

3.74%

+1.65%

Volatility

BNKS.L vs. ZUQ.TO - Volatility Comparison

iShares S&P U.S. Banks (BNKS.L) has a higher volatility of 7.60% compared to BMO MSCI USA High Quality Index ETF (ZUQ.TO) at 5.22%. This indicates that BNKS.L's price experiences larger fluctuations and is considered to be riskier than ZUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

BNKS.LZUQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.60%

5.22%

+2.38%

Volatility (6M)

Calculated over the trailing 6-month period

15.44%

10.38%

+5.06%

Volatility (1Y)

Calculated over the trailing 1-year period

25.55%

18.10%

+7.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.75%

18.14%

+9.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.71%

19.09%

+12.62%