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VLU vs. ZVU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VLU vs. ZVU.TO

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P 1500 Value Tilt ETF (VLU) and BMO MSCI USA Value ETF (ZVU.TO).

VLU and ZVU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VLU is a passively managed fund by State Street that tracks the performance of the S&P 1500 Low Valuation Tilt Index. It was launched on Oct 24, 2012. ZVU.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Enhanced Value Capped Index. It was launched on Oct 4, 2017. Both VLU and ZVU.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.

Performance

VLU vs. ZVU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 1500 Value Tilt ETF (VLU) and BMO MSCI USA Value ETF (ZVU.TO). The values are adjusted to include any dividend payments, if applicable.

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VLU vs. ZVU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VLU
SPDR S&P 1500 Value Tilt ETF		3.13%16.70%17.24%17.18%-8.24%30.95%9.91%26.20%-9.99%
ZVU.TO
BMO MSCI USA Value ETF		4.38%25.75%6.70%13.53%-15.63%29.36%-1.20%27.62%-15.53%
Different Trading Currencies

VLU is traded in USD, while ZVU.TO is traded in CAD. To make them comparable, the ZVU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VLU achieves a 3.13% return, which is significantly lower than ZVU.TO's 4.38% return.

VLU

1D
0.62%
1M
-3.19%
YTD
3.13%
6M
6.70%
1Y
19.92%
3Y*
17.41%
5Y*
11.36%
10Y*
13.25%

ZVU.TO

1D
0.46%
1M
-4.58%
YTD
4.38%
6M
8.10%
1Y
28.25%
3Y*
15.62%
5Y*
7.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P 1500 Value Tilt ETF

BMO MSCI USA Value ETF

Often compared with VLU:
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Often compared with ZVU.TO:
ZVU.TO vs. XCV.TOZVU.TO vs. ZGQ.TOZVU.TO vs. MGKZVU.TO vs. VFV.TOZVU.TO vs. ZLB.TOZVU.TO vs. ZUQ.TOZVU.TO vs. XUS.TO

VLU vs. ZVU.TO - Expense Ratio Comparison

VLU has a 0.12% expense ratio, which is lower than ZVU.TO's 0.33% expense ratio.

ZVU.TO
BMO MSCI USA Value ETF
VLU
SPDR S&P 1500 Value Tilt ETF

Return for Risk

VLU vs. ZVU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VLU
VLU Risk / Return Rank: 6666
Overall Rank
VLU Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
VLU Sortino Ratio Rank: 6666
Sortino Ratio Rank
VLU Omega Ratio Rank: 6969
Omega Ratio Rank
VLU Calmar Ratio Rank: 6060
Calmar Ratio Rank
VLU Martin Ratio Rank: 7070
Martin Ratio Rank
ZVU.TO
ZVU.TO Risk / Return Rank: 6969
Overall Rank
ZVU.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ZVU.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
ZVU.TO Omega Ratio Rank: 6868
Omega Ratio Rank
ZVU.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
ZVU.TO Martin Ratio Rank: 6666
Martin Ratio Rank
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.

VLU vs. ZVU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Value Tilt ETF (VLU) and BMO MSCI USA Value ETF (ZVU.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.

VLUZVU.TODifference

Sharpe ratio

Return per unit of total volatility

1.19

1.55

-0.36

Sortino ratio

Return per unit of downside risk

1.72

2.05

-0.32

Omega ratio

Gain probability vs. loss probability

1.26

1.29

-0.03

Calmar ratio

Return relative to maximum drawdown

1.61

2.55

-0.94

Martin ratio

Return relative to average drawdown

7.62

10.57

-2.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VLU vs. ZVU.TO - Sharpe Ratio Comparison

The current VLU Sharpe Ratio is 1.19, which is comparable to the ZVU.TO Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of VLU and ZVU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VLUZVU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

1.55

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.45

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.40

+0.38

Correlation

The correlation between VLU and ZVU.TO is 0.57, 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

VLU vs. ZVU.TO - Dividend Comparison

VLU's dividend yield for the trailing twelve months is around 1.77%, more than ZVU.TO's 1.50% yield.

TTM20252024202320222021202020192018201720162015
VLU
SPDR S&P 1500 Value Tilt ETF		1.77%1.82%2.00%2.02%2.16%1.86%1.98%2.19%2.57%1.96%2.14%6.37%
ZVU.TO
BMO MSCI USA Value ETF		1.50%1.62%2.13%2.55%2.45%1.89%2.38%1.97%1.98%0.00%0.00%0.00%

Drawdowns

VLU vs. ZVU.TO - Drawdown Comparison

The maximum VLU drawdown since its inception was -37.39%, smaller than the maximum ZVU.TO drawdown of -39.97%. Use the drawdown chart below to compare losses from any high point for VLU and ZVU.TO.

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Drawdown Indicators

VLUZVU.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.39%

-34.24%

-3.15%

Max Drawdown (1Y)

Largest decline over 1 year

-12.40%

-11.66%

-0.74%

Max Drawdown (5Y)

Largest decline over 5 years

-19.55%

-20.30%

+0.75%

Max Drawdown (10Y)

Largest decline over 10 years

-37.39%

—

—

Current Drawdown

Current decline from peak

-3.84%

-4.66%

+0.82%

Average Drawdown

Average peak-to-trough decline

-3.78%

-6.23%

+2.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

3.48%

-0.87%

Volatility

VLU vs. ZVU.TO - Volatility Comparison

The current volatility for SPDR S&P 1500 Value Tilt ETF (VLU) is 4.26%, while BMO MSCI USA Value ETF (ZVU.TO) has a volatility of 5.12%. This indicates that VLU experiences smaller price fluctuations and is considered to be less risky than ZVU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VLUZVU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

5.12%

-0.86%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

12.07%

-3.44%

Volatility (1Y)

Calculated over the trailing 1-year period

16.76%

18.35%

-1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.46%

17.19%

-1.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.09%

19.66%

-1.57%