RCD vs. ZLB.TO
Compare and contrast key facts about Invesco S&P 500® Equal Weight Consumer Discretionary ETF (RCD) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).
RCD and ZLB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RCD is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Consumer Discretionary -SEC. It was launched on Nov 1, 2006. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RCD or ZLB.TO.
Correlation
The correlation between RCD and ZLB.TO is 0.57, 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
RCD vs. ZLB.TO - Performance Comparison
Key characteristics
RCD:
-0.86
ZLB.TO:
2.19
RCD:
-0.75
ZLB.TO:
3.28
RCD:
0.70
ZLB.TO:
1.40
RCD:
-0.85
ZLB.TO:
2.88
RCD:
-2.12
ZLB.TO:
9.47
RCD:
22.41%
ZLB.TO:
1.74%
RCD:
55.18%
ZLB.TO:
7.49%
RCD:
-69.25%
ZLB.TO:
-33.96%
RCD:
-55.14%
ZLB.TO:
-0.78%
Returns By Period
In the year-to-date period, RCD achieves a -0.08% return, which is significantly lower than ZLB.TO's 2.90% return. Over the past 10 years, RCD has underperformed ZLB.TO with an annualized return of -1.23%, while ZLB.TO has yielded a comparatively higher 8.98% annualized return.
RCD
-0.08%
0.40%
-48.42%
-46.84%
-6.30%
-1.23%
ZLB.TO
2.90%
3.36%
5.18%
16.27%
8.84%
8.98%
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RCD vs. ZLB.TO - Expense Ratio Comparison
RCD has a 0.40% expense ratio, which is higher than ZLB.TO's 0.39% expense ratio.
Risk-Adjusted Performance
RCD vs. ZLB.TO — Risk-Adjusted Performance Rank
RCD
ZLB.TO
RCD vs. ZLB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Consumer Discretionary ETF (RCD) and BMO Low Volatility Canadian Equity ETF (ZLB.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
RCD vs. ZLB.TO - Dividend Comparison
RCD's dividend yield for the trailing twelve months is around 1.37%, less than ZLB.TO's 2.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCD Invesco S&P 500® Equal Weight Consumer Discretionary ETF | 1.37% | 1.37% | 1.09% | 0.99% | 0.53% | 0.81% | 1.59% | 0.29% | 0.00% | 0.00% | 0.00% | 1.05% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 2.31% | 2.37% | 2.67% | 2.66% | 2.39% | 2.83% | 2.44% | 2.76% | 2.52% | 2.94% | 2.34% | 1.94% |
Drawdowns
RCD vs. ZLB.TO - Drawdown Comparison
The maximum RCD drawdown since its inception was -69.25%, which is greater than ZLB.TO's maximum drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for RCD and ZLB.TO. For additional features, visit the drawdowns tool.
Volatility
RCD vs. ZLB.TO - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Consumer Discretionary ETF (RCD) is 1.34%, while BMO Low Volatility Canadian Equity ETF (ZLB.TO) has a volatility of 2.29%. This indicates that RCD experiences smaller price fluctuations and is considered to be less risky than ZLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.