CTC-A.TO vs. ZSP.TO

Last updated Jun 5, 2026

CTC-A.TO (Canadian Tire Corporation Ltd) is a stock, while ZSP.TO (BMO S&P 500 Index ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CTC-A.TO returned 5.48%/yr vs 16.09%/yr for ZSP.TO. At a 0.34 correlation, their price movements are largely independent.

Performance

CTC-A.TO vs. ZSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian Tire Corporation Ltd (CTC-A.TO) and BMO S&P 500 Index ETF (ZSP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTC-A.TO achieves a 3.37% return, which is significantly lower than ZSP.TO's 12.66% return. Over the past 10 years, CTC-A.TO has underperformed ZSP.TO with an annualized return of 5.48%, while ZSP.TO has yielded a comparatively higher 16.09% annualized return.

CTC-A.TO

• 1D: 0.09%
• 1M: -5.88%
• YTD: 3.37%
• 6M: 4.97%
• 1Y: 5.06%
• 3Y*: 6.15%
• 5Y*: 1.34%
• 10Y*: 5.48%

ZSP.TO

• 1D: 0.46%
• 1M: 6.77%
• YTD: 12.66%
• 6M: 10.38%
• 1Y: 29.97%
• 3Y*: 23.62%
• 5Y*: 16.85%
• 10Y*: 16.09%

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

CTC-A.TO vs. ZSP.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTC-A.TO Canadian Tire Corporation Ltd	3.37%	20.07%	12.82%	3.76%	-19.20%	11.26%	24.14%	0.73%	-11.01%	19.72%
ZSP.TO BMO S&P 500 Index ETF	12.66%	12.02%	35.07%	23.30%	-12.68%	27.53%	15.61%	24.69%	3.24%	13.54%

Correlation

The correlation between CTC-A.TO and ZSP.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Nov 27, 2012	0.34

The correlation between CTC-A.TO and ZSP.TO shifts across timeframes, from 0.23 (3 years) to 0.35 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CTC-A.TO vs. ZSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTC-A.TO

CTC-A.TO Risk / Return Rank: 46
CTC-A.TO Sharpe Ratio Rank: 50
CTC-A.TO Sortino Ratio Rank: 42
CTC-A.TO Omega Ratio Rank: 43
CTC-A.TO Calmar Ratio Rank: 49
CTC-A.TO Martin Ratio Rank: 48

ZSP.TO

ZSP.TO Risk / Return Rank: 77
ZSP.TO Sharpe Ratio Rank: 82
ZSP.TO Sortino Ratio Rank: 80
ZSP.TO Omega Ratio Rank: 81
ZSP.TO Calmar Ratio Rank: 71
ZSP.TO Martin Ratio Rank: 71

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.

CTC-A.TO vs. ZSP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Tire Corporation Ltd (CTC-A.TO) and BMO S&P 500 Index ETF (ZSP.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.

	CTC-A.TO	ZSP.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.23	2.62	-2.38
Sortino ratio: Return per unit of downside risk	0.45	3.56	-3.11
Omega ratio: Gain probability vs. loss probability	1.07	1.48	-0.42
Calmar ratio: Return relative to maximum drawdown	0.31	3.50	-3.18
Martin ratio: Return relative to average drawdown	0.61	13.14	-12.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTC-A.TO vs. ZSP.TO - Sharpe Ratio Comparison

The current CTC-A.TO Sharpe Ratio is 0.23, which is lower than the ZSP.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CTC-A.TO and ZSP.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CTC-A.TO	ZSP.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	2.62	-2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	1.13	-1.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.99	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.16	-0.94

Drawdowns

CTC-A.TO vs. ZSP.TO - Drawdown Comparison

The maximum CTC-A.TO drawdown since its inception was -87.25%, which is greater than ZSP.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for CTC-A.TO and ZSP.TO.

Drawdown Indicators

	CTC-A.TO	ZSP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-87.25%	-26.94%	-60.31%
Max Drawdown (1Y) Largest decline over 1 year	-16.35%	-8.61%	-7.74%
Max Drawdown (3Y) Largest decline over 3 years	-29.70%	-18.95%	-10.75%
Max Drawdown (5Y) Largest decline over 5 years	-30.90%	-22.25%	-8.65%
Max Drawdown (10Y) Largest decline over 10 years	-58.17%	-26.94%	-31.23%
Current Drawdown Current decline from peak	-11.34%	0.00%	-11.34%
Average Drawdown Average peak-to-trough decline	-33.68%	-3.34%	-30.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.36%	2.29%	+6.07%

Volatility

CTC-A.TO vs. ZSP.TO - Volatility Comparison

Canadian Tire Corporation Ltd (CTC-A.TO) has a higher volatility of 7.59% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.09%. This indicates that CTC-A.TO's price experiences larger fluctuations and is considered to be riskier than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTC-A.TO	ZSP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	3.09%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	14.45%	8.66%	+5.79%
Volatility (1Y) Calculated over the trailing 1-year period	21.70%	11.52%	+10.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	14.97%	+7.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	16.36%	+9.51%

Dividends

CTC-A.TO vs. ZSP.TO - Dividend Comparison

CTC-A.TO's dividend yield for the trailing twelve months is around 4.06%, more than ZSP.TO's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTC-A.TO Canadian Tire Corporation Ltd	4.06%	4.08%	4.63%	4.90%	4.13%	2.59%	2.72%	2.97%	2.52%	1.59%	1.65%	1.78%
ZSP.TO BMO S&P 500 Index ETF	0.74%	0.82%	0.94%	1.33%	1.44%	1.15%	1.44%	1.47%	1.63%	1.63%	2.20%	1.53%

Frequently Asked Questions

Can I hold both CTC-A.TO and ZSP.TO in my portfolio?

CTC-A.TO and ZSP.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.