HUM.TO vs. ZEB.TO
HUM.TO (Hamilton U.S. Mid-Cap Financials ETF) and ZEB.TO (BMO Equal Weight Banks Index ETF) are both Financials Equities funds. HUM.TO is actively managed, while ZEB.TO is passively managed. Over the past 5 years, HUM.TO returned 9.45%/yr vs 21.73%/yr for ZEB.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
HUM.TO vs. ZEB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUM.TO achieves a 4.01% return, which is significantly lower than ZEB.TO's 36.93% return.
HUM.TO
- 1D
- -0.47%
- 1M
- 4.45%
- 6M
- 3.19%
- YTD
- 4.01%
- 1Y
- 7.60%
- 3Y*
- 16.42%
- 5Y*
- 9.45%
- 10Y*
- —
ZEB.TO
- 1D
- 1.56%
- 1M
- 8.94%
- 6M
- 35.40%
- YTD
- 36.93%
- 1Y
- 75.24%
- 3Y*
- 37.76%
- 5Y*
- 21.73%
- 10Y*
- 17.34%
HUM.TO vs. ZEB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HUM.TO Hamilton U.S. Mid-Cap Financials ETF | 4.01% | 4.39% | 12.82% | 23.80% | -11.26% | 41.41% | -7.33% | 25.28% | -26.84% |
ZEB.TO BMO Equal Weight Banks Index ETF | 36.93% | 43.43% | 24.58% | 10.87% | -10.38% | 39.38% | 3.52% | 16.06% | -9.74% |
Correlation
The correlation between HUM.TO and ZEB.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | 0.33 |
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Return for Risk
HUM.TO vs. ZEB.TO — Risk / Return Rank
HUM.TO
ZEB.TO
HUM.TO vs. ZEB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. Mid-Cap Financials ETF (HUM.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.
| HUM.TO | ZEB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.24 | ||
| Sortino ratioReturn per unit of downside risk | -6.62 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 2.01 | -0.92 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 8.96 | -8.44 |
| Martin ratioReturn relative to average drawdown | 1.27 | 38.41 | -37.14 |
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Drawdowns
HUM.TO vs. ZEB.TO - Drawdown Comparison
The maximum HUM.TO drawdown since its inception was -49.06%, 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 HUM.TO and ZEB.TO.
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Drawdown Indicators
| HUM.TO | ZEB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.06% | -39.69% | -9.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.68% | -8.44% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -31.97% | -14.80% | -17.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.43% | -25.97% | -8.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.69% | — |
Current DrawdownCurrent decline from peak | -13.68% | 0.00% | -13.68% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -5.62% | -9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 1.97% | +4.03% |
Volatility
HUM.TO vs. ZEB.TO - Volatility Comparison
Hamilton U.S. Mid-Cap Financials ETF (HUM.TO) has a higher volatility of 4.38% compared to BMO Equal Weight Banks Index ETF (ZEB.TO) at 4.17%. This indicates that HUM.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.
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Volatility by Period
| HUM.TO | ZEB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.17% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 11.56% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 13.36% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.07% | 13.63% | +48.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.46% | 16.91% | +46.55% |
Dividends
HUM.TO vs. ZEB.TO - Dividend Comparison
HUM.TO's dividend yield for the trailing twelve months is around 1.27%, less than ZEB.TO's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HUM.TO Hamilton U.S. Mid-Cap Financials ETF | 1.27% | 1.26% | 1.19% | 1.35% | 3.58% | 2.18% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZEB.TO BMO Equal Weight Banks Index ETF | 2.22% | 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
HUM.TO and ZEB.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton and BMO.
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