NVIR vs. ZSP.TO
Compare and contrast key facts about Horizon Kinetics Energy Remediation ETF (NVIR) and BMO S&P 500 Index ETF (ZSP.TO).
NVIR 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. NVIR is an actively managed fund by Horizon. It was launched on Feb 21, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVIR or ZSP.TO.
Key characteristics
| NVIR | ZSP.TO | |
|---|---|---|
| YTD Return | 10.19% | 21.92% |
| 1Y Return | 5.24% | 29.52% |
| Sharpe Ratio | 0.28 | 2.62 |
| Daily Std Dev | 16.45% | 10.98% |
| Max Drawdown | -13.07% | -26.94% |
| Current Drawdown | -3.23% | -1.02% |
Correlation
The correlation between NVIR and ZSP.TO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVIR vs. ZSP.TO - Performance Comparison
In the year-to-date period, NVIR achieves a 10.19% return, which is significantly lower than ZSP.TO's 21.92% 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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NVIR vs. ZSP.TO - Expense Ratio Comparison
NVIR has a 0.85% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
NVIR vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) 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
NVIR vs. ZSP.TO - Dividend Comparison
NVIR's dividend yield for the trailing twelve months is around 1.22%, more than ZSP.TO's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 1.22% | 1.34% | 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
NVIR vs. ZSP.TO - Drawdown Comparison
The maximum NVIR drawdown since its inception was -13.07%, smaller than the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for NVIR and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
NVIR vs. ZSP.TO - Volatility Comparison
Horizon Kinetics Energy Remediation ETF (NVIR) has a higher volatility of 5.65% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.91%. This indicates that NVIR'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.