QIF.NEO vs. ZGI.TO
QIF.NEO (AGF Systematic Global Infrastructure ETF) and ZGI.TO (BMO Global Infrastructure Index ETF) are both Industrials Equities funds. QIF.NEO is actively managed, while ZGI.TO is passively managed. Over the past 5 years, QIF.NEO returned 11.27%/yr vs 10.65%/yr for ZGI.TO. A 0.66 correlation means they provide meaningful diversification when combined. QIF.NEO charges 0.45%/yr vs 0.61%/yr for ZGI.TO.
Performance
QIF.NEO vs. ZGI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QIF.NEO achieves a 13.73% return, which is significantly lower than ZGI.TO's 17.33% return.
QIF.NEO
- 1D
- -0.49%
- 1M
- -0.40%
- 6M
- 10.78%
- YTD
- 13.73%
- 1Y
- 22.63%
- 3Y*
- 17.37%
- 5Y*
- 11.27%
- 10Y*
- —
ZGI.TO
- 1D
- -1.04%
- 1M
- 1.47%
- 6M
- 15.40%
- YTD
- 17.33%
- 1Y
- 17.58%
- 3Y*
- 15.07%
- 5Y*
- 10.65%
- 10Y*
- 8.52%
QIF.NEO vs. ZGI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QIF.NEO AGF Systematic Global Infrastructure ETF | 13.73% | 14.80% | 21.37% | 4.72% | -2.67% | 20.54% | -8.96% | 20.89% | 5.27% |
ZGI.TO BMO Global Infrastructure Index ETF | 17.33% | 1.01% | 25.45% | -0.64% | 4.56% | 26.89% | -10.43% | 25.26% | 7.54% |
Correlation
The correlation between QIF.NEO and ZGI.TO is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2018 | 0.66 |
The correlation between QIF.NEO and ZGI.TO shifts across timeframes, from 0.51 (1 year) to 0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QIF.NEO vs. ZGI.TO — Risk / Return Rank
QIF.NEO
ZGI.TO
QIF.NEO vs. ZGI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF Systematic Global Infrastructure ETF (QIF.NEO) and BMO Global Infrastructure Index ETF (ZGI.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.
| QIF.NEO | ZGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 2.66 | +2.23 |
| Martin ratioReturn relative to average drawdown | 13.28 | 7.31 | +5.98 |
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Drawdowns
QIF.NEO vs. ZGI.TO - Drawdown Comparison
The maximum QIF.NEO drawdown since its inception was -30.71%, smaller than the maximum ZGI.TO drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for QIF.NEO and ZGI.TO.
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Drawdown Indicators
| QIF.NEO | ZGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.71% | -34.76% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -6.65% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.29% | -10.07% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -16.61% | +1.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.76% | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.65% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.37% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.41% | -0.70% |
Volatility
QIF.NEO vs. ZGI.TO - Volatility Comparison
The current volatility for AGF Systematic Global Infrastructure ETF (QIF.NEO) is 2.29%, while BMO Global Infrastructure Index ETF (ZGI.TO) has a volatility of 4.39%. This indicates that QIF.NEO experiences smaller price fluctuations and is considered to be less risky than ZGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QIF.NEO | ZGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 4.39% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 10.19% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 12.70% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 13.39% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 15.98% | -1.20% |
QIF.NEO vs. ZGI.TO - Expense Ratio Comparison
QIF.NEO has a 0.45% expense ratio, which is lower than ZGI.TO's 0.61% expense ratio.
Dividends
QIF.NEO vs. ZGI.TO - Dividend Comparison
QIF.NEO's dividend yield for the trailing twelve months is around 5.14%, more than ZGI.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QIF.NEO AGF Systematic Global Infrastructure ETF | 5.14% | 5.32% | 4.60% | 3.61% | 3.22% | 3.05% | 3.12% | 3.16% | 2.24% | 0.00% | 0.00% | 0.00% |
ZGI.TO BMO Global Infrastructure Index ETF | 2.25% | 2.77% | 2.82% | 3.33% | 3.01% | 3.06% | 3.75% | 2.85% | 2.99% | 2.59% | 2.60% | 2.97% |
Frequently Asked Questions
QIF.NEO and ZGI.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QIF.NEO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QIF.NEO is cheaper with a 0.45% expense ratio, compared with 0.61% for ZGI.TO.
They also come from different issuers: AGF and BMO. Their fees differ too: 0.45% for QIF.NEO and 0.61% for ZGI.TO.
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