CASV.TO vs. ZCOM.NEO

Last updated Jul 11, 2026

CASV.TO (Avantis CIBC Global Small Cap Value ETF) and ZCOM.NEO (BMO Broad Commodity ETF (CAD Units)) are both exchange-traded funds - CASV.TO is a Small Cap Value Equities fund actively managed by Avantis, while ZCOM.NEO is a Commodities fund tracking the Bloomberg Commodity Index Total Return. CASV.TO is actively managed, while ZCOM.NEO is passively managed. At a correlation of -0.11, they often move in opposite directions. CASV.TO charges 0.39%/yr vs 0.30%/yr for ZCOM.NEO.

Performance

CASV.TO vs. ZCOM.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC Global Small Cap Value ETF (CASV.TO) and BMO Broad Commodity ETF (CAD Units) (ZCOM.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CASV.TO

• 1D: 0.54%
• 1M: 0.99%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZCOM.NEO

• 1D: -0.03%
• 1M: -1.15%
• 6M: 17.11%
• YTD: 21.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CASV.TO vs. ZCOM.NEO - Yearly Performance Comparison

	2026 (YTD)
CASV.TO Avantis CIBC Global Small Cap Value ETF	13.42%
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	1.23%

Correlation

The correlation between CASV.TO and ZCOM.NEO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	-0.11

Return for Risk

CASV.TO vs. ZCOM.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC Global Small Cap Value ETF (CASV.TO) and BMO Broad Commodity ETF (CAD Units) (ZCOM.NEO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CASV.TO vs. ZCOM.NEO - Drawdown Comparison

The maximum CASV.TO drawdown since its inception was -3.70%, smaller than the maximum ZCOM.NEO drawdown of -11.54%. Use the drawdown chart below to compare losses from any high point for CASV.TO and ZCOM.NEO.

Drawdown Indicators

	CASV.TO	ZCOM.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-3.70%	-11.54%	+7.84%
Current Drawdown Current decline from peak	-2.31%	-7.98%	+5.67%
Average Drawdown Average peak-to-trough decline	-1.01%	-2.75%	+1.74%

Volatility

Volatility by Period

	CASV.TO	ZCOM.NEO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.96%	22.06%	-6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	22.06%	-6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	22.06%	-6.10%

CASV.TO vs. ZCOM.NEO - Expense Ratio Comparison

CASV.TO has a 0.39% expense ratio, which is higher than ZCOM.NEO's 0.30% expense ratio.

Dividends

CASV.TO vs. ZCOM.NEO - Dividend Comparison

CASV.TO has not paid dividends to shareholders, while ZCOM.NEO's dividend yield for the trailing twelve months is around 6.05%.

Position	TTM	2025
CASV.TO Avantis CIBC Global Small Cap Value ETF	0.00%	0.00%
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	6.05%	2.09%

Frequently Asked Questions

Can I hold both CASV.TO and ZCOM.NEO in my portfolio?

CASV.TO and ZCOM.NEO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CASV.TO or ZCOM.NEO?

On fees, ZCOM.NEO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CASV.TO or ZCOM.NEO?

ZCOM.NEO is cheaper with a 0.30% expense ratio, compared with 0.39% for CASV.TO.

What is the main difference between CASV.TO and ZCOM.NEO?

CASV.TO is categorized as Small Cap Value Equities, while ZCOM.NEO is Commodities. They also come from different issuers: Avantis and BMO. Their fees differ too: 0.39% for CASV.TO and 0.30% for ZCOM.NEO.