Correlation
The correlation between HXS.TO and ZSP.TO is 0.95, 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.
HXS.TO vs. ZSP.TO
Compare and contrast key facts about Global X S&P 500 Index Corporate Class ETF (HXS.TO) and BMO S&P 500 Index ETF (ZSP.TO).
HXS.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. HXS.TO is a passively managed fund by Global X that tracks the performance of the S&P 500 Index. It was launched on Nov 30, 2010. 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 HXS.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: HXS.TO or ZSP.TO.
Performance
HXS.TO vs. ZSP.TO - Performance Comparison
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Key characteristics
HXS.TO:
0.72
ZSP.TO:
0.74
HXS.TO:
1.04
ZSP.TO:
1.06
HXS.TO:
1.15
ZSP.TO:
1.16
HXS.TO:
0.70
ZSP.TO:
0.71
HXS.TO:
2.37
ZSP.TO:
2.42
HXS.TO:
5.58%
ZSP.TO:
5.56%
HXS.TO:
19.55%
ZSP.TO:
19.41%
HXS.TO:
-27.42%
ZSP.TO:
-26.94%
HXS.TO:
-7.54%
ZSP.TO:
-7.46%
Returns By Period
The year-to-date returns for both investments are quite close, with HXS.TO having a -3.82% return and ZSP.TO slightly higher at -3.67%. Both investments have delivered pretty close results over the past 10 years, with HXS.TO having a 13.51% annualized return and ZSP.TO not far ahead at 13.61%.
HXS.TO
-3.82%
4.70%
-3.71%
13.74%
17.02%
15.35%
13.51%
ZSP.TO
-3.67%
4.65%
-3.62%
13.81%
17.05%
15.44%
13.61%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HXS.TO vs. ZSP.TO - Expense Ratio Comparison
HXS.TO has a 0.10% 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
HXS.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
HXS.TO
ZSP.TO
HXS.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Index Corporate Class ETF (HXS.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.
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Dividends
HXS.TO vs. ZSP.TO - Dividend Comparison
HXS.TO has not paid dividends to shareholders, while ZSP.TO's dividend yield for the trailing twelve months is around 0.96%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HXS.TO Global X S&P 500 Index Corporate Class 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 | 0.96% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
HXS.TO vs. ZSP.TO - Drawdown Comparison
The maximum HXS.TO drawdown since its inception was -27.42%, roughly equal to the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for HXS.TO and ZSP.TO.
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Volatility
HXS.TO vs. ZSP.TO - Volatility Comparison
Global X S&P 500 Index Corporate Class ETF (HXS.TO) and BMO S&P 500 Index ETF (ZSP.TO) have volatilities of 5.62% and 5.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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