HXQ.TO vs. ZSP.TO
Compare and contrast key facts about Horizons NASDAQ-100 Index ETF (HXQ.TO) and BMO S&P 500 Index ETF (ZSP.TO).
HXQ.TO and ZSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012. Both HXQ.TO and ZSP.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: HXQ.TO or ZSP.TO.
Key characteristics
| HXQ.TO | ZSP.TO | |
|---|---|---|
| YTD Return | 18.75% | 22.02% |
| 1Y Return | 29.18% | 28.88% |
| 3Y Return (Ann) | 11.08% | 12.05% |
| 5Y Return (Ann) | 20.81% | 15.49% |
| Sharpe Ratio | 1.75 | 2.61 |
| Daily Std Dev | 16.59% | 10.99% |
| Max Drawdown | -31.60% | -26.94% |
| Current Drawdown | -6.12% | -0.93% |
Correlation
The correlation between HXQ.TO and ZSP.TO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HXQ.TO vs. ZSP.TO - Performance Comparison
In the year-to-date period, HXQ.TO achieves a 18.75% return, which is significantly lower than ZSP.TO's 22.02% 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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HXQ.TO vs. ZSP.TO - Expense Ratio Comparison
HXQ.TO has a 0.25% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HXQ.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.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.
Dividends
HXQ.TO vs. ZSP.TO - Dividend Comparison
HXQ.TO has not paid dividends to shareholders, while ZSP.TO's dividend yield for the trailing twelve months is around 1.09%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 1.09% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
Drawdowns
HXQ.TO vs. ZSP.TO - Drawdown Comparison
The maximum HXQ.TO drawdown since its inception was -31.60%, 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 HXQ.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
HXQ.TO vs. ZSP.TO - Volatility Comparison
Horizons NASDAQ-100 Index ETF (HXQ.TO) has a higher volatility of 6.07% compared to BMO S&P 500 Index ETF (ZSP.TO) at 4.01%. This indicates that HXQ.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.