VSP.TO vs. ZSP.TO
Compare and contrast key facts about Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and BMO S&P 500 Index ETF (ZSP.TO).
VSP.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. VSP.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. 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 VSP.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: VSP.TO or ZSP.TO.
Key characteristics
| VSP.TO | ZSP.TO | |
|---|---|---|
| YTD Return | 18.01% | 21.92% |
| 1Y Return | 26.39% | 29.52% |
| 3Y Return (Ann) | 8.42% | 12.00% |
| 5Y Return (Ann) | 13.61% | 15.56% |
| 10Y Return (Ann) | 11.46% | 15.03% |
| Sharpe Ratio | 2.10 | 2.62 |
| Daily Std Dev | 12.47% | 10.98% |
| Max Drawdown | -35.55% | -26.94% |
| Current Drawdown | -0.90% | -1.02% |
Correlation
The correlation between VSP.TO and ZSP.TO is 0.90, 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
VSP.TO vs. ZSP.TO - Performance Comparison
In the year-to-date period, VSP.TO achieves a 18.01% return, which is significantly lower than ZSP.TO's 21.92% return. Over the past 10 years, VSP.TO has underperformed ZSP.TO with an annualized return of 11.46%, while ZSP.TO has yielded a comparatively higher 15.03% annualized 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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VSP.TO vs. ZSP.TO - Expense Ratio Comparison
Both VSP.TO and ZSP.TO have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VSP.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 CAD-hedged ETF (VSP.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
VSP.TO vs. ZSP.TO - Dividend Comparison
VSP.TO's dividend yield for the trailing twelve months is around 1.07%, less than ZSP.TO's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSP.TO Vanguard S&P 500 CAD-hedged ETF | 1.07% | 1.17% | 1.37% | 1.07% | 1.27% | 1.52% | 1.76% | 1.46% | 1.69% | 1.75% | 1.53% | 1.43% |
ZSP.TO BMO S&P 500 Index ETF | 1.09% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
Drawdowns
VSP.TO vs. ZSP.TO - Drawdown Comparison
The maximum VSP.TO drawdown since its inception was -35.55%, 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 VSP.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
VSP.TO vs. ZSP.TO - Volatility Comparison
Vanguard S&P 500 CAD-hedged ETF (VSP.TO) has a higher volatility of 4.91% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.91%. This indicates that VSP.TO's price experiences larger fluctuations and is considered to be riskier than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.