EXE.TO vs. ZEB.TO

Last updated Jul 17, 2026

EXE.TO (Extendicare Inc.) is a stock, while ZEB.TO (BMO Equal Weight Banks Index ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. Over the past 10 years, EXE.TO returned 23.37%/yr vs 17.31%/yr for ZEB.TO. At a 0.27 correlation, their price movements are largely independent.

Performance

EXE.TO vs. ZEB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Extendicare Inc. (EXE.TO) and BMO Equal Weight Banks Index ETF (ZEB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXE.TO achieves a 76.01% return, which is significantly higher than ZEB.TO's 36.26% return. Over the past 10 years, EXE.TO has outperformed ZEB.TO with an annualized return of 23.37%, while ZEB.TO has yielded a comparatively lower 17.31% annualized return.

EXE.TO

• 1D: 0.65%
• 1M: 10.22%
• 6M: 68.67%
• YTD: 76.01%
• 1Y: 198.33%
• 3Y*: 78.29%
• 5Y*: 41.98%
• 10Y*: 23.37%

ZEB.TO

• 1D: -0.50%
• 1M: 7.39%
• 6M: 33.91%
• YTD: 36.26%
• 1Y: 73.28%
• 3Y*: 37.29%
• 5Y*: 21.61%
• 10Y*: 17.31%

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

EXE.TO vs. ZEB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXE.TO Extendicare Inc.	76.01%	108.12%	54.90%	19.31%	-3.86%	17.26%	-14.91%	40.94%	-26.10%	-2.76%
ZEB.TO BMO Equal Weight Banks Index ETF	36.26%	43.43%	24.58%	10.87%	-10.38%	39.38%	3.52%	16.06%	-8.85%	14.26%

Correlation

The correlation between EXE.TO and ZEB.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 26, 2009	0.27

The correlation between EXE.TO and ZEB.TO shifts across timeframes, from 0.07 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

EXE.TO vs. ZEB.TO — Risk / Return Rank

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

EXE.TO

EXE.TO Risk / Return Rank: 99
EXE.TO Sharpe Ratio Rank: 100
EXE.TO Sortino Ratio Rank: 99
EXE.TO Omega Ratio Rank: 99
EXE.TO Calmar Ratio Rank: 99
EXE.TO Martin Ratio Rank: 100

ZEB.TO

ZEB.TO Risk / Return Rank: 98
ZEB.TO Sharpe Ratio Rank: 99
ZEB.TO Sortino Ratio Rank: 98
ZEB.TO Omega Ratio Rank: 98
ZEB.TO Calmar Ratio Rank: 97
ZEB.TO Martin Ratio Rank: 97

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.

EXE.TO vs. ZEB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Extendicare Inc. (EXE.TO) and BMO Equal Weight Banks Index ETF (ZEB.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.

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.

	EXE.TO	ZEB.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.91	5.52	+0.39
Sortino ratio: Return per unit of downside risk	7.54	7.19	+0.35
Omega ratio: Gain probability vs. loss probability	1.96	1.98	-0.02
Calmar ratio: Return relative to maximum drawdown	18.77	8.73	+10.04
Martin ratio: Return relative to average drawdown	65.91	37.41	+28.50

EXE.TO vs. ZEB.TO - Sharpe Ratio Comparison

The current EXE.TO Sharpe Ratio is 5.91, which is comparable to the ZEB.TO Sharpe Ratio of 5.52. The chart below compares the historical Sharpe Ratios of EXE.TO and ZEB.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.

Drawdowns

EXE.TO vs. ZEB.TO - Drawdown Comparison

The maximum EXE.TO drawdown since its inception was -79.65%, which is greater than ZEB.TO's maximum drawdown of -39.69%. Use the drawdown chart below to compare losses from any high point for EXE.TO and ZEB.TO.

Drawdown Indicators

	EXE.TO	ZEB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.65%	-39.69%	-39.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-8.44%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	-20.29%	-14.80%	-5.49%
Max Drawdown (5Y) Largest decline over 5 years	-22.07%	-25.97%	+3.90%
Max Drawdown (10Y) Largest decline over 10 years	-46.29%	-39.69%	-6.60%
Current Drawdown Current decline from peak	-0.35%	-0.50%	+0.15%
Average Drawdown Average peak-to-trough decline	-20.32%	-5.62%	-14.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	1.97%	+1.05%

Volatility

EXE.TO vs. ZEB.TO - Volatility Comparison

Extendicare Inc. (EXE.TO) has a higher volatility of 6.99% compared to BMO Equal Weight Banks Index ETF (ZEB.TO) at 4.23%. This indicates that EXE.TO's price experiences larger fluctuations and is considered to be riskier than ZEB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXE.TO	ZEB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	4.23%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	23.51%	11.58%	+11.93%
Volatility (1Y) Calculated over the trailing 1-year period	33.85%	13.36%	+20.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.34%	13.62%	+10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.68%	16.91%	+8.77%

Dividends

EXE.TO vs. ZEB.TO - Dividend Comparison

EXE.TO's dividend yield for the trailing twelve months is around 1.38%, less than ZEB.TO's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXE.TO Extendicare Inc.	1.38%	2.34%	4.52%	6.59%	7.32%	6.58%	7.23%	5.69%	7.56%	5.25%	4.86%	4.97%
ZEB.TO BMO Equal Weight Banks Index ETF	2.23%	2.95%	3.98%	4.75%	4.29%	3.13%	4.15%	3.65%	3.64%	3.02%	3.19%	3.70%

Frequently Asked Questions

Can I hold both EXE.TO and ZEB.TO in my portfolio?

EXE.TO and ZEB.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.