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KXI vs. ZEB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KXI vs. ZEB.TO

Last updated Jun 9, 2026

KXI (iShares Global Consumer Staples ETF) and ZEB.TO (BMO Equal Weight Banks Index ETF) are both exchange-traded funds - KXI is a Consumer Staples Equities fund tracking the S&P Global Consumer Staples Index, while ZEB.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. Both are passively managed. Over the past 10 years, KXI returned 5.67%/yr vs 15.03%/yr for ZEB.TO. At a 0.36 correlation, their price movements are largely independent. KXI charges 0.46%/yr vs 0.25%/yr for ZEB.TO.

Performance

KXI vs. ZEB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Consumer Staples ETF (KXI) and BMO Equal Weight Banks Index ETF (ZEB.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, KXI achieves a 3.99% return, which is significantly lower than ZEB.TO's 19.51% return. Over the past 10 years, KXI has underperformed ZEB.TO with an annualized return of 5.67%, while ZEB.TO has yielded a comparatively higher 15.03% annualized return.

KXI

1D
-0.27%
1M
-2.04%
YTD
3.99%
6M
5.03%
1Y
3.34%
3Y*
6.25%
5Y*
4.04%
10Y*
5.67%

ZEB.TO

1D
0.31%
1M
3.55%
YTD
19.51%
6M
23.59%
1Y
59.63%
3Y*
32.05%
5Y*
15.54%
10Y*
15.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KXI vs. ZEB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
KXI
iShares Global Consumer Staples ETF		3.99%9.68%4.20%2.41%-6.02%13.71%7.69%23.40%-10.71%17.60%
ZEB.TO
BMO Equal Weight Banks Index ETF		19.51%50.29%14.86%13.58%-15.72%39.45%6.03%21.05%-15.92%22.56%

Correlation

The correlation between KXI and ZEB.TO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.10

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

0.29

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

0.34

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

0.34

Correlation (All Time)
Calculated using the full available price history since Oct 27, 2009

0.36

Over the past year, the correlation between KXI and ZEB.TO has dropped to 0.10 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

KXI vs. ZEB.TO - Sectors Allocation Comparison

Sectors
KXI
ZEB.TO

Consumer Defensive

96.9%

-

Consumer Cyclical

3.1%

-

Basic Materials

-

-

Communication Services

-

-

Energy

-

-

Financial Services

-

100.0%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Consumer Defensive

KXI
96.9%
ZEB.TO

-

Consumer Cyclical

KXI
3.1%
ZEB.TO

-

Basic Materials

KXI

-

ZEB.TO

-

Communication Services

KXI

-

ZEB.TO

-

Energy

KXI

-

ZEB.TO

-

Financial Services

KXI

-

ZEB.TO
100.0%

Healthcare

KXI

-

ZEB.TO

-

Industrials

KXI

-

ZEB.TO

-

Real Estate

KXI

-

ZEB.TO

-

Technology

KXI

-

ZEB.TO

-

Utilities

KXI

-

ZEB.TO

-

Compare stocks, funds, or ETFs

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iShares Global Consumer Staples ETF

BMO Equal Weight Banks Index ETF

Often compared with KXI:
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Often compared with ZEB.TO:
ZEB.TO vs. ZWB.TOZEB.TO vs. VDY.TOZEB.TO vs. HBNK.TOZEB.TO vs. HCAL.TOZEB.TO vs. HMAX.TOZEB.TO vs. ZSP.TOZEB.TO vs. XIC.TO

Return for Risk

KXI vs. ZEB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KXI
KXI Risk / Return Rank: 1313
Overall Rank
KXI Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
KXI Sortino Ratio Rank: 1313
Sortino Ratio Rank
KXI Omega Ratio Rank: 1313
Omega Ratio Rank
KXI Calmar Ratio Rank: 1313
Calmar Ratio Rank
KXI Martin Ratio Rank: 1313
Martin Ratio Rank
ZEB.TO
ZEB.TO Risk / Return Rank: 9797
Overall Rank
ZEB.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
ZEB.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
ZEB.TO Omega Ratio Rank: 9797
Omega Ratio Rank
ZEB.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
ZEB.TO Martin Ratio Rank: 9696
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.

KXI vs. ZEB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Staples ETF (KXI) 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.

KXIZEB.TODifference
Sharpe ratioReturn per unit of total volatility
0.28
4.51

-4.23

Sortino ratioReturn per unit of downside risk
0.48
6.04

-5.56

Omega ratioGain probability vs. loss probability

1.06

1.81

-0.75

Calmar ratioReturn relative to maximum drawdown

0.33

6.24

-5.91

Martin ratioReturn relative to average drawdown

0.71

27.47

-26.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KXI vs. ZEB.TO - Sharpe Ratio Comparison

The current KXI Sharpe Ratio is 0.28, which is lower than the ZEB.TO Sharpe Ratio of 4.51. The chart below compares the historical Sharpe Ratios of KXI and ZEB.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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Sharpe Ratios by Period

KXIZEB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

4.51

-4.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

1.03

-0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.82

-0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.68

-0.19

Drawdowns

KXI vs. ZEB.TO - Drawdown Comparison

The maximum KXI drawdown since its inception was -42.27%, smaller than the maximum ZEB.TO drawdown of -44.89%. Use the drawdown chart below to compare losses from any high point for KXI and ZEB.TO.

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Drawdown Indicators

KXIZEB.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.27%

-44.89%

+2.62%

Max Drawdown (1Y)

Largest decline over 1 year

-10.24%

-9.61%

-0.63%

Max Drawdown (3Y)

Largest decline over 3 years

-11.92%

-18.42%

+6.50%

Max Drawdown (5Y)

Largest decline over 5 years

-17.45%

-32.13%

+14.68%

Max Drawdown (10Y)

Largest decline over 10 years

-24.59%

-44.89%

+20.30%

Current Drawdown

Current decline from peak

-8.61%

-1.00%

-7.61%

Average Drawdown

Average peak-to-trough decline

-5.37%

-9.02%

+3.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.69%

2.18%

+2.51%

Volatility

KXI vs. ZEB.TO - Volatility Comparison

The current volatility for iShares Global Consumer Staples ETF (KXI) is 3.85%, while BMO Equal Weight Banks Index ETF (ZEB.TO) has a volatility of 4.56%. This indicates that KXI experiences smaller price fluctuations and is considered to be less risky 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

KXIZEB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

4.56%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

9.39%

11.41%

-2.02%

Volatility (1Y)

Calculated over the trailing 1-year period

11.81%

13.32%

-1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.46%

15.20%

-2.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.75%

18.38%

-4.63%

KXI vs. ZEB.TO - Expense Ratio Comparison

KXI has a 0.46% expense ratio, which is higher than ZEB.TO's 0.25% expense ratio.

Dividends

KXI vs. ZEB.TO - Dividend Comparison

KXI's dividend yield for the trailing twelve months is around 2.21%, less than ZEB.TO's 2.48% yield.

PositionTTM20252024202320222021202020192018201720162015
KXI
iShares Global Consumer Staples ETF		2.21%2.29%2.51%2.99%1.98%2.26%2.34%2.17%2.97%2.17%2.34%2.20%
ZEB.TO
BMO Equal Weight Banks Index ETF		2.48%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

KXI and ZEB.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZEB.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZEB.TO is cheaper with a 0.25% expense ratio, compared with 0.46% for KXI.

KXI is categorized as Consumer Staples Equities, while ZEB.TO is Financials Equities. KXI tracks S&P Global Consumer Staples Index, while ZEB.TO tracks Solactive Equal Weight Canada Banks Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.46% for KXI and 0.25% for ZEB.TO.

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