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IXN vs. ZSP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXN vs. ZSP.TO

Last updated Jun 14, 2026

IXN (iShares Global Tech ETF) and ZSP.TO (BMO S&P 500 Index ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while ZSP.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IXN returned 25.03%/yr vs 15.13%/yr for ZSP.TO. A 0.64 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 0.09%/yr for ZSP.TO.

Performance

IXN vs. ZSP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) and BMO S&P 500 Index ETF (ZSP.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IXN achieves a 33.08% return, which is significantly higher than ZSP.TO's 8.80% return. Over the past 10 years, IXN has outperformed ZSP.TO with an annualized return of 25.03%, while ZSP.TO has yielded a comparatively lower 15.13% annualized return.

IXN

1D
0.42%
1M
5.79%
YTD
33.08%
6M
35.17%
1Y
62.93%
3Y*
32.38%
5Y*
21.51%
10Y*
25.03%

ZSP.TO

1D
0.56%
1M
-0.92%
YTD
8.80%
6M
9.50%
1Y
25.68%
3Y*
20.85%
5Y*
13.02%
10Y*
15.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXN vs. ZSP.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXN
iShares Global Tech ETF		33.08%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%
ZSP.TO
BMO S&P 500 Index ETF		8.80%17.73%24.53%26.31%-17.88%27.60%18.42%30.05%-4.73%21.85%

Correlation

The correlation between IXN and ZSP.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2012

0.64

The correlation between IXN and ZSP.TO has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.

IXN vs. ZSP.TO - Sectors Allocation Comparison

Sectors
IXN
ZSP.TO

Technology

99.2%
36.2%

Industrials

0.2%
8.2%

Energy

0.1%
3.5%

Healthcare

0.1%
8.4%

Real Estate

0.0%
1.9%

Basic Materials

-

1.8%

Communication Services

-

10.9%

Consumer Cyclical

-

10.1%

Consumer Defensive

-

4.8%

Financial Services

-

11.9%

Utilities

-

2.3%

Technology

IXN
99.2%
ZSP.TO
36.2%

Industrials

IXN
0.2%
ZSP.TO
8.2%

Energy

IXN
0.1%
ZSP.TO
3.5%

Healthcare

IXN
0.1%
ZSP.TO
8.4%

Real Estate

IXN
0.0%
ZSP.TO
1.9%

Basic Materials

IXN

-

ZSP.TO
1.8%

Communication Services

IXN

-

ZSP.TO
10.9%

Consumer Cyclical

IXN

-

ZSP.TO
10.1%

Consumer Defensive

IXN

-

ZSP.TO
4.8%

Financial Services

IXN

-

ZSP.TO
11.9%

Utilities

IXN

-

ZSP.TO
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Tech ETF

BMO S&P 500 Index ETF

Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC
Often compared with ZSP.TO:
ZSP.TO vs. VOOZSP.TO vs. XSP.TOZSP.TO vs. ZCN.TOZSP.TO vs. XUS.TOZSP.TO vs. ZEQT.TOZSP.TO vs. VSP.TOZSP.TO vs. ZQQ.TO

Return for Risk

IXN vs. ZSP.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXN
IXN Risk / Return Rank: 8484
Overall Rank
IXN Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8080
Sortino Ratio Rank
IXN Omega Ratio Rank: 8181
Omega Ratio Rank
IXN Calmar Ratio Rank: 8888
Calmar Ratio Rank
IXN Martin Ratio Rank: 8383
Martin Ratio Rank
ZSP.TO
ZSP.TO Risk / Return Rank: 7979
Overall Rank
ZSP.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
ZSP.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
ZSP.TO Omega Ratio Rank: 8383
Omega Ratio Rank
ZSP.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
ZSP.TO Martin Ratio Rank: 7474
Martin Ratio Rank
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.

IXN vs. ZSP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

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.

IXNZSP.TODifference
Sharpe ratioReturn per unit of total volatility
2.52
1.93

+0.59

Sortino ratioReturn per unit of downside risk
3.09
2.62

+0.47

Omega ratioGain probability vs. loss probability

1.42

1.35

+0.06

Calmar ratioReturn relative to maximum drawdown

4.39

2.74

+1.65

Martin ratioReturn relative to average drawdown

14.35

11.70

+2.65

IXN vs. ZSP.TO - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 2.52, which is higher than the ZSP.TO Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IXN and ZSP.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.

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Drawdowns

IXN vs. ZSP.TO - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than ZSP.TO's maximum drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for IXN and ZSP.TO.

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Drawdown Indicators

IXNZSP.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.67%

-33.11%

-22.56%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-9.11%

-4.69%

Max Drawdown (3Y)

Largest decline over 3 years

-25.55%

-18.80%

-6.75%

Max Drawdown (5Y)

Largest decline over 5 years

-36.30%

-24.35%

-11.95%

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

-33.11%

-3.19%

Current Drawdown

Current decline from peak

-6.68%

-2.42%

-4.26%

Average Drawdown

Average peak-to-trough decline

-11.26%

-3.85%

-7.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

2.13%

+2.08%

Volatility

IXN vs. ZSP.TO - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 12.01% compared to BMO S&P 500 Index ETF (ZSP.TO) at 4.56%. This indicates that IXN'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.

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Volatility by Period

IXNZSP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.01%

4.56%

+7.45%

Volatility (6M)

Calculated over the trailing 6-month period

20.45%

9.84%

+10.61%

Volatility (1Y)

Calculated over the trailing 1-year period

24.03%

12.90%

+11.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.19%

16.16%

+9.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.58%

17.54%

+7.04%

IXN vs. ZSP.TO - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.

Dividends

IXN vs. ZSP.TO - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.78%, more than ZSP.TO's 0.76% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.78%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
ZSP.TO
BMO S&P 500 Index ETF		0.76%0.82%0.94%1.33%1.44%1.15%1.45%1.48%1.68%1.68%2.23%1.60%

Frequently Asked Questions

IXN and ZSP.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZSP.TO is cheaper with a 0.09% expense ratio, compared with 0.46% for IXN.

IXN is categorized as Technology Equities, while ZSP.TO is S&P 500. IXN tracks S&P Global Information Technology Sector Index, while ZSP.TO tracks S&P 500 Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.46% for IXN and 0.09% for ZSP.TO.

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