CEW.TO vs. BMO
Compare and contrast key facts about iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and Bank of Montreal (BMO).
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
CEW.TO vs. BMO - Performance Comparison
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CEW.TO vs. BMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEW.TO iShares Equal Weight Banc & Lifeco ETF | -0.53% | 32.58% | 29.48% | 17.04% | -6.85% | 29.26% | -0.63% | 25.38% | -12.85% | 11.88% |
BMO Bank of Montreal | 6.62% | 33.19% | 11.82% | 12.70% | -6.17% | 46.81% | 1.59% | 17.44% | -7.81% | 9.20% |
Different Trading Currencies
CEW.TO is traded in CAD, while BMO is traded in USD. To make them comparable, the BMO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEW.TO achieves a -0.53% return, which is significantly lower than BMO's 6.62% return. Both investments have delivered pretty close results over the past 10 years, with CEW.TO having a 13.75% annualized return and BMO not far ahead at 14.20%.
CEW.TO
- 1D
- 2.37%
- 1M
- -2.95%
- YTD
- -0.53%
- 6M
- 9.23%
- 1Y
- 32.00%
- 3Y*
- 24.23%
- 5Y*
- 15.52%
- 10Y*
- 13.75%
BMO
- 1D
- 2.76%
- 1M
- -4.11%
- YTD
- 6.62%
- 6M
- 5.71%
- 1Y
- 42.67%
- 3Y*
- 21.73%
- 5Y*
- 15.93%
- 10Y*
- 14.20%
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Return for Risk
CEW.TO vs. BMO — Risk / Return Rank
CEW.TO
BMO
CEW.TO vs. BMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and Bank of Montreal (BMO). 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.
| CEW.TO | BMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 2.26 | +0.12 |
Sortino ratioReturn per unit of downside risk | 3.04 | 2.87 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.42 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.44 | 4.20 | -0.77 |
Martin ratioReturn relative to average drawdown | 13.20 | 13.28 | -0.08 |
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
| CEW.TO | BMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.26 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.88 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.69 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.80 | -0.25 |
Correlation
The correlation between CEW.TO and BMO is 0.74, 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
CEW.TO vs. BMO - Dividend Comparison
CEW.TO's dividend yield for the trailing twelve months is around 2.81%, less than BMO's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
CEW.TO vs. BMO - Drawdown Comparison
The maximum CEW.TO drawdown since its inception was -53.58%, which is greater than BMO's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for CEW.TO and BMO.
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Drawdown Indicators
| CEW.TO | BMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.58% | -68.17% | +14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -11.62% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -33.94% | +11.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.66% | -50.97% | +7.31% |
Current DrawdownCurrent decline from peak | -4.35% | -9.08% | +4.73% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -11.49% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.28% | -0.76% |
Volatility
CEW.TO vs. BMO - Volatility Comparison
The current volatility for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) is 5.49%, while Bank of Montreal (BMO) has a volatility of 7.62%. This indicates that CEW.TO experiences smaller price fluctuations and is considered to be less risky than BMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEW.TO | BMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 7.62% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 14.06% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 18.94% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 18.24% | -4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 20.54% | -3.55% |