TPU.TO vs. ZSP.TO
Compare and contrast key facts about TD U.S. Equity Index ETF (TPU.TO) and BMO S&P 500 Index ETF (ZSP.TO).
TPU.TO and ZSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPU.TO is a passively managed fund by TD that tracks the performance of the Solactive US Large Cap CAD Index. It was launched on Mar 22, 2016. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012. Both TPU.TO and ZSP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TPU.TO or ZSP.TO.
Correlation
The correlation between TPU.TO and ZSP.TO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TPU.TO vs. ZSP.TO - Performance Comparison
Key characteristics
TPU.TO:
2.24
ZSP.TO:
2.38
TPU.TO:
3.08
ZSP.TO:
3.31
TPU.TO:
1.41
ZSP.TO:
1.44
TPU.TO:
3.51
ZSP.TO:
3.70
TPU.TO:
15.40
ZSP.TO:
16.82
TPU.TO:
1.79%
ZSP.TO:
1.70%
TPU.TO:
12.28%
ZSP.TO:
12.00%
TPU.TO:
-27.96%
ZSP.TO:
-26.94%
TPU.TO:
-2.70%
ZSP.TO:
-2.59%
Returns By Period
The year-to-date returns for both stocks are quite close, with TPU.TO having a 1.42% return and ZSP.TO slightly lower at 1.40%.
TPU.TO
1.42%
-2.27%
12.19%
25.09%
15.46%
N/A
ZSP.TO
1.40%
-2.16%
13.02%
26.12%
15.66%
14.20%
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TPU.TO vs. ZSP.TO - Expense Ratio Comparison
TPU.TO has a 0.06% expense ratio, which is lower than ZSP.TO's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TPU.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
TPU.TO
ZSP.TO
TPU.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity Index ETF (TPU.TO) and BMO S&P 500 Index ETF (ZSP.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
TPU.TO vs. ZSP.TO - Dividend Comparison
TPU.TO's dividend yield for the trailing twelve months is around 0.53%, less than ZSP.TO's 0.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPU.TO TD U.S. Equity Index ETF | 0.53% | 0.54% | 1.48% | 1.63% | 1.21% | 1.50% | 1.50% | 1.91% | 1.94% | 1.62% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.93% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
TPU.TO vs. ZSP.TO - Drawdown Comparison
The maximum TPU.TO drawdown since its inception was -27.96%, roughly equal to the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for TPU.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
TPU.TO vs. ZSP.TO - Volatility Comparison
TD U.S. Equity Index ETF (TPU.TO) and BMO S&P 500 Index ETF (ZSP.TO) have volatilities of 3.25% and 3.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.