EXI vs. ZGI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Industrials ETF (EXI) and BMO Global Infrastructure Index ETF (ZGI.TO).

EXI and ZGI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EXI is a passively managed fund by iShares that tracks the performance of the S&P Global 1200 / Industrials -SEC. It was launched on Sep 12, 2006. ZGI.TO is a passively managed fund by BMO that tracks the performance of the Dow Jones Brookfield Global Infrastructure North American Listed Index. It was launched on Jan 19, 2010. Both EXI and ZGI.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.

Performance

EXI vs. ZGI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Industrials ETF (EXI) and BMO Global Infrastructure Index ETF (ZGI.TO). The values are adjusted to include any dividend payments, if applicable.

EXI vs. ZGI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EXI iShares Global Industrials ETF	3.23%	25.88%	12.47%	22.04%	-12.36%	17.37%	11.33%	27.13%	-14.41%	25.16%
ZGI.TO BMO Global Infrastructure Index ETF	13.48%	5.78%	15.45%	1.54%	-2.51%	27.73%	-8.72%	31.42%	-8.52%	10.01%

Different Trading Currencies

EXI is traded in USD, while ZGI.TO is traded in CAD. To make them comparable, the ZGI.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EXI achieves a 3.23% return, which is significantly lower than ZGI.TO's 13.48% return. Over the past 10 years, EXI has outperformed ZGI.TO with an annualized return of 11.79%, while ZGI.TO has yielded a comparatively lower 8.80% annualized return.

EXI

• 1D: 3.33%
• 1M: -9.43%
• YTD: 3.23%
• 6M: 5.36%
• 1Y: 26.25%
• 3Y*: 18.50%
• 5Y*: 10.87%
• 10Y*: 11.79%

ZGI.TO

• 1D: 0.02%
• 1M: -1.07%
• YTD: 13.48%
• 6M: 9.38%
• 1Y: 12.12%
• 3Y*: 12.07%
• 5Y*: 9.99%
• 10Y*: 8.80%

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

EXI vs. ZGI.TO - Expense Ratio Comparison

EXI has a 0.43% expense ratio, which is lower than ZGI.TO's 0.61% expense ratio.

ZGI.TO

BMO Global Infrastructure Index ETF

EXI

iShares Global Industrials ETF

Return for Risk

EXI vs. ZGI.TO — Risk / Return Rank

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

EXI

EXI Risk / Return Rank: 79
EXI Sharpe Ratio Rank: 78
EXI Sortino Ratio Rank: 80
EXI Omega Ratio Rank: 78
EXI Calmar Ratio Rank: 79
EXI Martin Ratio Rank: 81

ZGI.TO

ZGI.TO Risk / Return Rank: 31
ZGI.TO Sharpe Ratio Rank: 32
ZGI.TO Sortino Ratio Rank: 29
ZGI.TO Omega Ratio Rank: 28
ZGI.TO Calmar Ratio Rank: 38
ZGI.TO Martin Ratio Rank: 28

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.

EXI vs. ZGI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Industrials ETF (EXI) and BMO Global Infrastructure Index ETF (ZGI.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.

	EXI	ZGI.TO	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.84	+0.56
Sortino ratio Return per unit of downside risk	2.01	1.20	+0.81
Omega ratio Gain probability vs. loss probability	1.29	1.16	+0.13
Calmar ratio Return relative to maximum drawdown	2.10	1.35	+0.75
Martin ratio Return relative to average drawdown	8.59	5.52	+3.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXI vs. ZGI.TO - Sharpe Ratio Comparison

The current EXI Sharpe Ratio is 1.40, which is higher than the ZGI.TO Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of EXI and ZGI.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EXI	ZGI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.84	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.66	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.49	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.60	-0.19

Correlation

The correlation between EXI and ZGI.TO is 0.57, 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.

Dividends

EXI vs. ZGI.TO - Dividend Comparison

EXI's dividend yield for the trailing twelve months is around 1.28%, less than ZGI.TO's 2.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXI iShares Global Industrials ETF	1.28%	1.32%	1.47%	1.84%	1.63%	1.42%	1.26%	1.72%	2.21%	1.48%	1.75%	1.95%
ZGI.TO BMO Global Infrastructure Index ETF	2.30%	2.72%	2.75%	3.25%	2.94%	2.98%	3.66%	2.78%	2.92%	2.53%	3.21%	2.90%

Drawdowns

EXI vs. ZGI.TO - Drawdown Comparison

The maximum EXI drawdown since its inception was -62.60%, which is greater than ZGI.TO's maximum drawdown of -40.45%. Use the drawdown chart below to compare losses from any high point for EXI and ZGI.TO.

Drawdown Indicators

	EXI	ZGI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.60%	-34.76%	-27.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.35%	-10.07%	-2.28%
Max Drawdown (5Y) Largest decline over 5 years	-27.23%	-16.70%	-10.53%
Max Drawdown (10Y) Largest decline over 10 years	-39.56%	-34.76%	-4.80%
Current Drawdown Current decline from peak	-9.43%	-0.26%	-9.17%
Average Drawdown Average peak-to-trough decline	-10.02%	-4.41%	-5.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	4.36%	-1.33%

Volatility

EXI vs. ZGI.TO - Volatility Comparison

iShares Global Industrials ETF (EXI) has a higher volatility of 7.38% compared to BMO Global Infrastructure Index ETF (ZGI.TO) at 3.65%. This indicates that EXI's price experiences larger fluctuations and is considered to be riskier than ZGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXI	ZGI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	3.65%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	8.53%	+3.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	14.50%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	15.28%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	17.97%	+0.30%