VFH vs. ZLB.TO
Compare and contrast key facts about Vanguard Financials ETF (VFH) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).
VFH 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. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Performance
VFH vs. ZLB.TO - Performance Comparison
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VFH vs. ZLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFH Vanguard Financials ETF | -9.19% | 14.91% | 30.44% | 14.17% | -12.31% | 35.22% | -1.96% | 31.57% | -13.52% | 19.99% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 0.76% | 26.07% | 6.10% | 11.78% | -7.12% | 23.72% | 3.42% | 27.89% | -10.41% | 18.62% |
Different Trading Currencies
VFH is traded in USD, while ZLB.TO is traded in CAD. To make them comparable, the ZLB.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VFH achieves a -9.19% return, which is significantly lower than ZLB.TO's 0.76% return. Over the past 10 years, VFH has outperformed ZLB.TO with an annualized return of 12.30%, while ZLB.TO has yielded a comparatively lower 9.46% annualized return.
VFH
- 1D
- 0.02%
- 1M
- -3.54%
- YTD
- -9.19%
- 6M
- -6.32%
- 1Y
- 2.78%
- 3Y*
- 17.95%
- 5Y*
- 9.33%
- 10Y*
- 12.30%
ZLB.TO
- 1D
- 0.62%
- 1M
- -4.03%
- YTD
- 0.76%
- 6M
- 3.40%
- 1Y
- 19.07%
- 3Y*
- 12.04%
- 5Y*
- 9.44%
- 10Y*
- 9.46%
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VFH vs. ZLB.TO - Expense Ratio Comparison
VFH has a 0.10% expense ratio, which is lower than ZLB.TO's 0.39% expense ratio.
Return for Risk
VFH vs. ZLB.TO — Risk / Return Rank
VFH
ZLB.TO
VFH vs. ZLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials ETF (VFH) 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.
| VFH | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.56 | -1.42 |
Sortino ratioReturn per unit of downside risk | 0.32 | 2.13 | -1.81 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.77 | -2.59 |
Martin ratioReturn relative to average drawdown | 0.54 | 9.59 | -9.05 |
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
| VFH | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.56 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.72 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.61 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.69 | -0.45 |
Correlation
The correlation between VFH and ZLB.TO is 0.54, 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.
Dividends
VFH vs. ZLB.TO - Dividend Comparison
VFH's dividend yield for the trailing twelve months is around 1.61%, less than ZLB.TO's 1.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFH Vanguard Financials ETF | 1.61% | 1.55% | 1.75% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.91% | 1.93% | 2.28% | 2.56% | 2.56% | 2.29% | 2.72% | 2.34% | 2.65% | 2.42% | 2.82% | 2.25% |
Drawdowns
VFH vs. ZLB.TO - Drawdown Comparison
The maximum VFH drawdown since its inception was -78.61%, which is greater than ZLB.TO's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for VFH and ZLB.TO.
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Drawdown Indicators
| VFH | ZLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.61% | -33.96% | -44.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -6.53% | -8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -13.04% | -12.62% |
Max Drawdown (10Y)Largest decline over 10 years | -44.42% | -33.96% | -10.46% |
Current DrawdownCurrent decline from peak | -11.95% | -2.58% | -9.37% |
Average DrawdownAverage peak-to-trough decline | -18.62% | -2.51% | -16.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 1.94% | +3.05% |
Volatility
VFH vs. ZLB.TO - Volatility Comparison
Vanguard Financials ETF (VFH) has a higher volatility of 4.85% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 3.86%. This indicates that VFH'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
| VFH | ZLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.86% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 8.30% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 12.30% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 13.15% | +6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 15.48% | +7.07% |