SRU-UN.TO vs. ZWB.TO
Compare and contrast key facts about SmartCentres Real Estate Investment Trust (SRU-UN.TO) and BMO Covered Call Canadian Banks ETF (ZWB.TO).
ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRU-UN.TO or ZWB.TO.
Key characteristics
| SRU-UN.TO | ZWB.TO | |
|---|---|---|
| YTD Return | 14.86% | 13.09% |
| 1Y Return | 21.94% | 19.83% |
| 3Y Return (Ann) | 2.91% | 4.66% |
| 5Y Return (Ann) | 3.52% | 7.68% |
| 10Y Return (Ann) | 7.11% | 6.98% |
| Sharpe Ratio | 1.07 | 1.70 |
| Daily Std Dev | 19.26% | 11.21% |
| Max Drawdown | -90.51% | -39.36% |
| Current Drawdown | -2.50% | -0.48% |
Correlation
The correlation between SRU-UN.TO and ZWB.TO is 0.58, 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
SRU-UN.TO vs. ZWB.TO - Performance Comparison
In the year-to-date period, SRU-UN.TO achieves a 14.86% return, which is significantly higher than ZWB.TO's 13.09% return. Both investments have delivered pretty close results over the past 10 years, with SRU-UN.TO having a 7.11% annualized return and ZWB.TO not far behind at 6.98%. 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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Risk-Adjusted Performance
SRU-UN.TO vs. ZWB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartCentres Real Estate Investment Trust (SRU-UN.TO) and BMO Covered Call Canadian Banks ETF (ZWB.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
SRU-UN.TO vs. ZWB.TO - Dividend Comparison
SRU-UN.TO's dividend yield for the trailing twelve months is around 6.82%, which matches ZWB.TO's 6.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRU-UN.TO SmartCentres Real Estate Investment Trust | 6.82% | 7.43% | 6.91% | 5.75% | 8.02% | 5.81% | 5.72% | 5.54% | 5.15% | 5.34% | 6.15% | 6.15% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 6.87% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% | 4.77% | 5.23% |
Drawdowns
SRU-UN.TO vs. ZWB.TO - Drawdown Comparison
The maximum SRU-UN.TO drawdown since its inception was -90.51%, which is greater than ZWB.TO's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for SRU-UN.TO and ZWB.TO. For additional features, visit the drawdowns tool.
Volatility
SRU-UN.TO vs. ZWB.TO - Volatility Comparison
SmartCentres Real Estate Investment Trust (SRU-UN.TO) has a higher volatility of 5.77% compared to BMO Covered Call Canadian Banks ETF (ZWB.TO) at 2.57%. This indicates that SRU-UN.TO's price experiences larger fluctuations and is considered to be riskier than ZWB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.