THE.TO vs. ZLB.TO
Compare and contrast key facts about TD International Equity CAD Hedged Index ETF (THE.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).
THE.TO 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. THE.TO is a passively managed fund by TD that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index. It was launched on Mar 22, 2016. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Performance
THE.TO vs. ZLB.TO - Performance Comparison
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THE.TO vs. ZLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THE.TO TD International Equity CAD Hedged Index ETF | 2.09% | 21.73% | 12.21% | 18.48% | -6.72% | 21.04% | 1.71% | 20.59% | -7.76% | 15.46% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.42% | 20.31% | 15.20% | 9.29% | -0.46% | 22.81% | 1.39% | 21.80% | -2.87% | 10.96% |
Returns By Period
In the year-to-date period, THE.TO achieves a 2.09% return, which is significantly higher than ZLB.TO's 1.42% return. Over the past 10 years, THE.TO has outperformed ZLB.TO with an annualized return of 10.79%, while ZLB.TO has yielded a comparatively lower 10.13% annualized return.
THE.TO
- 1D
- 2.43%
- 1M
- -6.25%
- YTD
- 2.09%
- 6M
- 8.04%
- 1Y
- 19.25%
- 3Y*
- 15.00%
- 5Y*
- 11.72%
- 10Y*
- 10.79%
ZLB.TO
- 1D
- 1.23%
- 1M
- -2.74%
- YTD
- 1.42%
- 6M
- 2.74%
- 1Y
- 15.44%
- 3Y*
- 12.86%
- 5Y*
- 11.57%
- 10Y*
- 10.13%
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THE.TO vs. ZLB.TO - Expense Ratio Comparison
Return for Risk
THE.TO vs. ZLB.TO — Risk / Return Rank
THE.TO
ZLB.TO
THE.TO vs. ZLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD International Equity CAD Hedged Index ETF (THE.TO) 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.
| THE.TO | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.48 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.99 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.57 | -1.02 |
Martin ratioReturn relative to average drawdown | 6.91 | 8.71 | -1.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| THE.TO | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.48 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.22 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.84 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.12 | -0.43 |
Correlation
The correlation between THE.TO and ZLB.TO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
THE.TO vs. ZLB.TO - Dividend Comparison
THE.TO's dividend yield for the trailing twelve months is around 2.55%, more than ZLB.TO's 1.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THE.TO TD International Equity CAD Hedged Index ETF | 2.55% | 2.57% | 2.73% | 2.64% | 3.46% | 5.61% | 2.47% | 2.53% | 3.48% | 2.27% | 2.10% | 0.00% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.92% | 1.93% | 2.28% | 2.56% | 2.56% | 2.29% | 2.72% | 2.34% | 2.65% | 2.42% | 2.82% | 2.25% |
Drawdowns
THE.TO vs. ZLB.TO - Drawdown Comparison
The maximum THE.TO drawdown since its inception was -32.08%, smaller than the maximum ZLB.TO drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for THE.TO and ZLB.TO.
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Drawdown Indicators
| THE.TO | ZLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.08% | -33.96% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -6.53% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.55% | -13.04% | -2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.08% | -33.96% | +1.88% |
Current DrawdownCurrent decline from peak | -6.51% | -3.08% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -2.51% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 1.93% | +0.79% |
Volatility
THE.TO vs. ZLB.TO - Volatility Comparison
TD International Equity CAD Hedged Index ETF (THE.TO) has a higher volatility of 6.11% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 3.64%. This indicates that THE.TO's price experiences larger fluctuations and is considered to be riskier than ZLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THE.TO | ZLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 3.64% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 7.64% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.61% | 10.52% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 9.57% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 12.19% | +2.85% |