VGVA.L vs. ZSP.TO
Compare and contrast key facts about Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) and BMO S&P 500 Index ETF (ZSP.TO).
VGVA.L 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. VGVA.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Feb 19, 2019. 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 VGVA.L 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: VGVA.L or ZSP.TO.
Key characteristics
| VGVA.L | ZSP.TO | |
|---|---|---|
| YTD Return | -3.84% | 33.74% |
| 1Y Return | 1.38% | 37.61% |
| 3Y Return (Ann) | -10.37% | 13.99% |
| 5Y Return (Ann) | -5.76% | 16.80% |
| Sharpe Ratio | 0.24 | 3.56 |
| Sortino Ratio | 0.41 | 4.93 |
| Omega Ratio | 1.05 | 1.69 |
| Calmar Ratio | 0.06 | 5.08 |
| Martin Ratio | 0.52 | 25.03 |
| Ulcer Index | 3.73% | 1.57% |
| Daily Std Dev | 8.14% | 11.02% |
| Max Drawdown | -39.28% | -26.94% |
| Current Drawdown | -33.03% | 0.00% |
Correlation
The correlation between VGVA.L and ZSP.TO is 0.19, 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.
Performance
VGVA.L vs. ZSP.TO - Performance Comparison
In the year-to-date period, VGVA.L achieves a -3.84% return, which is significantly lower than ZSP.TO's 33.74% return. 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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VGVA.L vs. ZSP.TO - Expense Ratio Comparison
VGVA.L has a 0.07% 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
VGVA.L vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) 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
VGVA.L vs. ZSP.TO - Dividend Comparison
VGVA.L has not paid dividends to shareholders, while ZSP.TO's dividend yield for the trailing twelve months is around 0.97%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.97% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
Drawdowns
VGVA.L vs. ZSP.TO - Drawdown Comparison
The maximum VGVA.L drawdown since its inception was -39.28%, which is greater than ZSP.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for VGVA.L and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
VGVA.L vs. ZSP.TO - Volatility Comparison
The current volatility for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) is 3.26%, while BMO S&P 500 Index ETF (ZSP.TO) has a volatility of 3.77%. This indicates that VGVA.L experiences smaller price fluctuations and is considered to be less risky than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.