CIF.TO vs. ZQQ.TO
Compare and contrast key facts about iShares Global Infrastructure Index ETF (CIF.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO).
CIF.TO and ZQQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CIF.TO is a passively managed fund by iShares that tracks the performance of the Manulife Investment Management Global Infrastructure Index. It was launched on Aug 27, 2008. ZQQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 19, 2010. Both CIF.TO and ZQQ.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CIF.TO or ZQQ.TO.
Key characteristics
| CIF.TO | ZQQ.TO | |
|---|---|---|
| YTD Return | 33.91% | 24.50% |
| 1Y Return | 42.89% | 34.60% |
| 3Y Return (Ann) | 17.14% | 8.28% |
| 5Y Return (Ann) | 14.64% | 19.69% |
| 10Y Return (Ann) | 10.68% | 17.08% |
| Sharpe Ratio | 4.11 | 2.15 |
| Sortino Ratio | 5.97 | 2.88 |
| Omega Ratio | 1.79 | 1.39 |
| Calmar Ratio | 9.35 | 2.75 |
| Martin Ratio | 27.05 | 10.04 |
| Ulcer Index | 1.65% | 3.74% |
| Daily Std Dev | 10.81% | 17.42% |
| Max Drawdown | -42.37% | -36.38% |
| Current Drawdown | 0.00% | -0.18% |
Correlation
The correlation between CIF.TO and ZQQ.TO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CIF.TO vs. ZQQ.TO - Performance Comparison
In the year-to-date period, CIF.TO achieves a 33.91% return, which is significantly higher than ZQQ.TO's 24.50% return. Over the past 10 years, CIF.TO has underperformed ZQQ.TO with an annualized return of 10.68%, while ZQQ.TO has yielded a comparatively higher 17.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CIF.TO vs. ZQQ.TO - Expense Ratio Comparison
CIF.TO has a 0.72% expense ratio, which is higher than ZQQ.TO's 0.39% expense ratio.
Risk-Adjusted Performance
CIF.TO vs. ZQQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure Index ETF (CIF.TO) and BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.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.
Dividends
CIF.TO vs. ZQQ.TO - Dividend Comparison
CIF.TO's dividend yield for the trailing twelve months is around 2.84%, more than ZQQ.TO's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIF.TO iShares Global Infrastructure Index ETF | 2.84% | 2.63% | 2.83% | 2.49% | 2.30% | 2.05% | 2.73% | 2.53% | 2.01% | 2.69% | 6.64% | 4.27% |
ZQQ.TO BMO NASDAQ 100 Equity (CAD Hedged) | 0.26% | 0.32% | 0.45% | 0.14% | 0.41% | 0.51% | 0.64% | 0.57% | 1.60% | 0.81% | 1.42% | 0.96% |
Drawdowns
CIF.TO vs. ZQQ.TO - Drawdown Comparison
The maximum CIF.TO drawdown since its inception was -42.37%, which is greater than ZQQ.TO's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for CIF.TO and ZQQ.TO. For additional features, visit the drawdowns tool.
Volatility
CIF.TO vs. ZQQ.TO - Volatility Comparison
The current volatility for iShares Global Infrastructure Index ETF (CIF.TO) is 3.82%, while BMO NASDAQ 100 Equity (CAD Hedged) (ZQQ.TO) has a volatility of 5.08%. This indicates that CIF.TO experiences smaller price fluctuations and is considered to be less risky than ZQQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.