XDSR.TO vs. ZEA.TO
XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) and ZEA.TO (BMO MSCI EAFE Index ETF) are both exchange-traded funds - XDSR.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Choice ESG Screened Index, while ZEA.TO is a Global Equities fund tracking the MSCI EAFE Index. Both are passively managed. Over the past 5 years, XDSR.TO returned 9.25%/yr vs 11.02%/yr for ZEA.TO. A 0.73 correlation means they provide meaningful diversification when combined. XDSR.TO charges 0.28%/yr vs 0.22%/yr for ZEA.TO.
Performance
XDSR.TO vs. ZEA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDSR.TO achieves a 11.94% return, which is significantly higher than ZEA.TO's 10.01% return.
XDSR.TO
- 1D
- -0.28%
- 1M
- 7.47%
- YTD
- 11.94%
- 6M
- 11.21%
- 1Y
- 19.37%
- 3Y*
- 15.96%
- 5Y*
- 9.25%
- 10Y*
- —
ZEA.TO
- 1D
- -0.45%
- 1M
- 5.71%
- YTD
- 10.01%
- 6M
- 10.15%
- 1Y
- 22.06%
- 3Y*
- 17.46%
- 5Y*
- 11.02%
- 10Y*
- 9.78%
XDSR.TO vs. ZEA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDSR.TO iShares ESG Advanced MSCI EAFE Index ETF | 11.94% | 16.05% | 12.43% | 16.82% | -14.11% | 10.05% | 161.23% |
ZEA.TO BMO MSCI EAFE Index ETF | 10.01% | 24.28% | 11.56% | 16.02% | -8.51% | 10.64% | 18.11% |
Correlation
The correlation between XDSR.TO and ZEA.TO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.73 |
The correlation between XDSR.TO and ZEA.TO shifts across timeframes, from 0.73 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
XDSR.TO vs. ZEA.TO - Sectors Allocation Comparison
Sectors
XDSR.TO
ZEA.TO
Financial Services
Technology
Industrials
Healthcare
Communication Services
Basic Materials
Consumer Cyclical
Real Estate
Consumer Defensive
Utilities
Energy
-
Financial Services
XDSR.TO
ZEA.TO
Technology
XDSR.TO
ZEA.TO
Industrials
XDSR.TO
ZEA.TO
Healthcare
XDSR.TO
ZEA.TO
Communication Services
XDSR.TO
ZEA.TO
Basic Materials
XDSR.TO
ZEA.TO
Consumer Cyclical
XDSR.TO
ZEA.TO
Real Estate
XDSR.TO
ZEA.TO
Consumer Defensive
XDSR.TO
ZEA.TO
Utilities
XDSR.TO
ZEA.TO
Energy
XDSR.TO
-
ZEA.TO
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Return for Risk
XDSR.TO vs. ZEA.TO — Risk / Return Rank
XDSR.TO
ZEA.TO
XDSR.TO vs. ZEA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) and BMO MSCI EAFE Index ETF (ZEA.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.
| XDSR.TO | ZEA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.03 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.32 | 7.92 | -1.59 |
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
| XDSR.TO | ZEA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.59 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.82 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.59 | -0.04 |
Drawdowns
XDSR.TO vs. ZEA.TO - Drawdown Comparison
The maximum XDSR.TO drawdown since its inception was -29.13%, roughly equal to the maximum ZEA.TO drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for XDSR.TO and ZEA.TO.
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Drawdown Indicators
| XDSR.TO | ZEA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -27.80% | -1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -10.91% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -14.11% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -23.67% | -5.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.80% | — |
Current DrawdownCurrent decline from peak | -0.28% | -2.13% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -4.63% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.79% | +0.28% |
Volatility
XDSR.TO vs. ZEA.TO - Volatility Comparison
The current volatility for iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) is 4.96%, while BMO MSCI EAFE Index ETF (ZEA.TO) has a volatility of 5.70%. This indicates that XDSR.TO experiences smaller price fluctuations and is considered to be less risky than ZEA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDSR.TO | ZEA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 5.70% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 11.68% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 13.94% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 13.51% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.12% | 14.92% | +33.20% |
XDSR.TO vs. ZEA.TO - Expense Ratio Comparison
XDSR.TO has a 0.28% expense ratio, which is higher than ZEA.TO's 0.22% expense ratio.
Dividends
XDSR.TO vs. ZEA.TO - Dividend Comparison
XDSR.TO's dividend yield for the trailing twelve months is around 1.64%, less than ZEA.TO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDSR.TO iShares ESG Advanced MSCI EAFE Index ETF | 1.64% | 1.84% | 1.94% | 1.94% | 2.27% | 1.45% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZEA.TO BMO MSCI EAFE Index ETF | 1.94% | 2.17% | 2.77% | 3.00% | 3.06% | 2.48% | 2.72% | 2.93% | 3.03% | 2.39% | 2.78% | 2.42% |
Frequently Asked Questions
With a correlation of 0.93, XDSR.TO and ZEA.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZEA.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZEA.TO is cheaper with a 0.22% expense ratio, compared with 0.28% for XDSR.TO.
XDSR.TO is categorized as Foreign Large Cap Equities, while ZEA.TO is Global Equities. XDSR.TO tracks MSCI EAFE Choice ESG Screened Index, while ZEA.TO tracks MSCI EAFE Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.28% for XDSR.TO and 0.22% for ZEA.TO.
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