STPL.TO vs. ZUQ.TO

Last updated Jun 4, 2026

STPL.TO (BMO Global Consumer Staples Hedged to CAD Index ETF) and ZUQ.TO (BMO MSCI USA High Quality Index ETF) are both exchange-traded funds - STPL.TO is a Consumer Staples Equities fund tracking the FTSE Developed ex Korea Consumer Staples Capped 100% Hedged to CAD Index, while ZUQ.TO is a Large Cap Blend Equities fund tracking the MSCI USA Quality Index. Both are passively managed. Over the past 5 years, STPL.TO returned 2.70%/yr vs 15.49%/yr for ZUQ.TO. At a 0.31 correlation, their price movements are largely independent. STPL.TO charges 0.40%/yr vs 0.33%/yr for ZUQ.TO.

Performance

STPL.TO vs. ZUQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STPL.TO achieves a 1.23% return, which is significantly lower than ZUQ.TO's 10.45% return.

STPL.TO

• 1D: 0.04%
• 1M: -0.74%
• YTD: 1.23%
• 6M: 0.41%
• 1Y: -1.93%
• 3Y*: 2.61%
• 5Y*: 2.70%
• 10Y*: —

ZUQ.TO

• 1D: 0.97%
• 1M: 6.22%
• YTD: 10.45%
• 6M: 4.29%
• 1Y: 19.94%
• 3Y*: 20.93%
• 5Y*: 15.49%
• 10Y*: 16.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STPL.TO vs. ZUQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STPL.TO BMO Global Consumer Staples Hedged to CAD Index ETF	1.23%	5.53%	2.99%	-2.50%	-0.24%	15.26%	0.98%	24.54%	-10.98%	4.78%
ZUQ.TO BMO MSCI USA High Quality Index ETF	10.45%	5.78%	34.02%	33.24%	-18.33%	26.40%	19.92%	31.74%	4.70%	11.08%

Correlation

The correlation between STPL.TO and ZUQ.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 12, 2017	0.31

STPL.TO vs. ZUQ.TO - Sectors Allocation Comparison

Sectors	STPL.TO	ZUQ.TO
Consumer Defensive	89.2%	11.1%
Healthcare	7.9%	14.8%
Basic Materials	1.9%	1.7%
Consumer Cyclical	0.9%	2.8%
Industrials	0.1%	11.0%
Communication Services	-	14.5%
Energy	-	0.2%
Financial Services	-	10.1%
Real Estate	-	-
Technology	-	33.8%
Utilities	-	0.1%

Return for Risk

STPL.TO vs. ZUQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STPL.TO

STPL.TO Risk / Return Rank: 7
STPL.TO Sharpe Ratio Rank: 7
STPL.TO Sortino Ratio Rank: 7
STPL.TO Omega Ratio Rank: 7
STPL.TO Calmar Ratio Rank: 7
STPL.TO Martin Ratio Rank: 7

ZUQ.TO

ZUQ.TO Risk / Return Rank: 44
ZUQ.TO Sharpe Ratio Rank: 48
ZUQ.TO Sortino Ratio Rank: 45
ZUQ.TO Omega Ratio Rank: 50
ZUQ.TO Calmar Ratio Rank: 39
ZUQ.TO Martin Ratio Rank: 40

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.

STPL.TO vs. ZUQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.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.

	STPL.TO	ZUQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	1.63	-1.79
Sortino ratio: Return per unit of downside risk	-0.15	2.23	-2.38
Omega ratio: Gain probability vs. loss probability	0.98	1.31	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.19	1.90	-2.08
Martin ratio: Return relative to average drawdown	-0.40	6.13	-6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STPL.TO vs. ZUQ.TO - Sharpe Ratio Comparison

The current STPL.TO Sharpe Ratio is -0.16, which is lower than the ZUQ.TO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of STPL.TO and ZUQ.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.

Sharpe Ratios by Period

	STPL.TO	ZUQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.16	1.63	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.95	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.94	-0.62

Drawdowns

STPL.TO vs. ZUQ.TO - Drawdown Comparison

The maximum STPL.TO drawdown since its inception was -23.82%, smaller than the maximum ZUQ.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for STPL.TO and ZUQ.TO.

Drawdown Indicators

	STPL.TO	ZUQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.82%	-26.94%	+3.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-10.57%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-10.44%	-17.93%	+7.49%
Max Drawdown (5Y) Largest decline over 5 years	-12.06%	-26.94%	+14.88%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.94%	—
Current Drawdown Current decline from peak	-9.69%	0.00%	-9.69%
Average Drawdown Average peak-to-trough decline	-3.90%	-4.60%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	3.26%	+1.54%

Volatility

STPL.TO vs. ZUQ.TO - Volatility Comparison

BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) has a higher volatility of 4.14% compared to BMO MSCI USA High Quality Index ETF (ZUQ.TO) at 2.38%. This indicates that STPL.TO's price experiences larger fluctuations and is considered to be riskier than ZUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STPL.TO	ZUQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	2.38%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	9.64%	9.63%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	12.31%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	16.34%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.75%	17.52%	-4.77%

STPL.TO vs. ZUQ.TO - Expense Ratio Comparison

STPL.TO has a 0.40% expense ratio, which is higher than ZUQ.TO's 0.33% expense ratio.

Dividends

STPL.TO vs. ZUQ.TO - Dividend Comparison

STPL.TO's dividend yield for the trailing twelve months is around 2.17%, more than ZUQ.TO's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STPL.TO BMO Global Consumer Staples Hedged to CAD Index ETF	2.17%	2.22%	2.42%	2.43%	2.32%	2.10%	2.18%	2.02%	2.30%	1.33%	0.00%	0.00%
ZUQ.TO BMO MSCI USA High Quality Index ETF	0.43%	0.46%	0.57%	0.86%	0.99%	0.80%	0.96%	0.96%	1.07%	1.16%	1.00%	0.88%

Frequently Asked Questions

Can I hold both STPL.TO and ZUQ.TO in my portfolio?

STPL.TO and ZUQ.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STPL.TO or ZUQ.TO?

On fees, ZUQ.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STPL.TO or ZUQ.TO?

ZUQ.TO is cheaper with a 0.33% expense ratio, compared with 0.40% for STPL.TO.

What is the main difference between STPL.TO and ZUQ.TO?

STPL.TO is categorized as Consumer Staples Equities, while ZUQ.TO is Large Cap Blend Equities. STPL.TO tracks FTSE Developed ex Korea Consumer Staples Capped 100% Hedged to CAD Index, while ZUQ.TO tracks MSCI USA Quality Index. Their fees differ too: 0.40% for STPL.TO and 0.33% for ZUQ.TO.