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XDSR.TO vs. ZLD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDSR.TO vs. ZLD.TO

Last updated Jul 16, 2026
Documentation

XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) and ZLD.TO (BMO Low Volatility International Equity Hedged to CAD ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, XDSR.TO returned 9.57%/yr vs 6.30%/yr for ZLD.TO. At a 0.40 correlation, their price movements are largely independent. XDSR.TO charges 0.28%/yr vs 0.40%/yr for ZLD.TO.

Performance

XDSR.TO vs. ZLD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) and BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XDSR.TO achieves a 15.63% return, which is significantly higher than ZLD.TO's 4.99% return.

XDSR.TO

1D
0.18%
1M
0.72%
6M
10.76%
YTD
15.63%
1Y
23.34%
3Y*
16.60%
5Y*
9.57%
10Y*
—

ZLD.TO

1D
-0.39%
1M
2.56%
6M
3.87%
YTD
4.99%
1Y
6.35%
3Y*
10.02%
5Y*
6.30%
10Y*
6.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDSR.TO vs. ZLD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		15.63%16.99%12.43%16.82%-14.11%10.06%23.07%
ZLD.TO
BMO Low Volatility International Equity Hedged to CAD ETF		4.99%9.63%11.11%11.37%-6.68%12.56%10.46%

Correlation

The correlation between XDSR.TO and ZLD.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2020

0.40

XDSR.TO vs. ZLD.TO - Sectors Allocation Comparison

Sectors
XDSR.TO
ZLD.TO

Financial Services

31.5%
16.7%

Technology

19.9%
5.0%

Industrials

15.6%
12.5%

Healthcare

9.8%
12.7%

Communication Services

7.6%
13.9%

Basic Materials

4.9%
1.9%

Consumer Cyclical

4.6%
2.9%

Real Estate

3.3%
6.6%

Consumer Defensive

2.2%
14.8%

Utilities

0.7%
12.0%

Energy

-

0.9%

Financial Services

XDSR.TO
31.5%
ZLD.TO
16.7%

Technology

XDSR.TO
19.9%
ZLD.TO
5.0%

Industrials

XDSR.TO
15.6%
ZLD.TO
12.5%

Healthcare

XDSR.TO
9.8%
ZLD.TO
12.7%

Communication Services

XDSR.TO
7.6%
ZLD.TO
13.9%

Basic Materials

XDSR.TO
4.9%
ZLD.TO
1.9%

Consumer Cyclical

XDSR.TO
4.6%
ZLD.TO
2.9%

Real Estate

XDSR.TO
3.3%
ZLD.TO
6.6%

Consumer Defensive

XDSR.TO
2.2%
ZLD.TO
14.8%

Utilities

XDSR.TO
0.7%
ZLD.TO
12.0%

Energy

XDSR.TO

-

ZLD.TO
0.9%

Compare stocks, funds, or ETFs

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

iShares ESG Advanced MSCI EAFE Index ETF

BMO Low Volatility International Equity Hedged to CAD ETF

Often compared with XDSR.TO:
XDSR.TO vs. XSEA.TOXDSR.TO vs. XSEM.TOXDSR.TO vs. XEN.TOXDSR.TO vs. XAW.TOXDSR.TO vs. IMTMXDSR.TO vs. XUSR.TOXDSR.TO vs. ZXM.TO
Often compared with ZLD.TO:
ZLD.TO vs. VIDY.TOZLD.TO vs. QDX.TOZLD.TO vs. ESGE.TOZLD.TO vs. ZMMK.TOZLD.TO vs. ZXM.TOZLD.TO vs. FLUR.NEOZLD.TO vs. FCIV.TO

Return for Risk

XDSR.TO vs. ZLD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDSR.TO
XDSR.TO Risk / Return Rank: 5252
Overall Rank
XDSR.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XDSR.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
XDSR.TO Omega Ratio Rank: 5252
Omega Ratio Rank
XDSR.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XDSR.TO Martin Ratio Rank: 5454
Martin Ratio Rank
ZLD.TO
ZLD.TO Risk / Return Rank: 2323
Overall Rank
ZLD.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
ZLD.TO Sortino Ratio Rank: 2323
Sortino Ratio Rank
ZLD.TO Omega Ratio Rank: 2222
Omega Ratio Rank
ZLD.TO Calmar Ratio Rank: 2323
Calmar Ratio Rank
ZLD.TO Martin Ratio Rank: 2121
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.

XDSR.TO vs. ZLD.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 Low Volatility International Equity Hedged to CAD ETF (ZLD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XDSR.TOZLD.TODifference
Sharpe ratioReturn per unit of total volatility
1.48
0.75

+0.72

Sortino ratioReturn per unit of downside risk
2.16
1.11

+1.05

Omega ratioGain probability vs. loss probability

1.27

1.13

+0.13

Calmar ratioReturn relative to maximum drawdown

1.94

0.90

+1.05

Martin ratioReturn relative to average drawdown

7.60

1.92

+5.68

XDSR.TO vs. ZLD.TO - Sharpe Ratio Comparison

The current XDSR.TO Sharpe Ratio is 1.48, which is higher than the ZLD.TO Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of XDSR.TO and ZLD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XDSR.TO vs. ZLD.TO - Drawdown Comparison

The maximum XDSR.TO drawdown since its inception was -29.62%, roughly equal to the maximum ZLD.TO drawdown of -28.97%. Use the drawdown chart below to compare losses from any high point for XDSR.TO and ZLD.TO.

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Drawdown Indicators

XDSR.TOZLD.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.62%

-28.97%

-0.65%

Max Drawdown (1Y)

Largest decline over 1 year

-12.06%

-7.09%

-4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-15.63%

-7.47%

-8.16%

Max Drawdown (5Y)

Largest decline over 5 years

-29.62%

-15.02%

-14.60%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.97%

—

Current Drawdown

Current decline from peak

-2.00%

-2.49%

+0.49%

Average Drawdown

Average peak-to-trough decline

-6.24%

-3.69%

-2.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

3.31%

-0.23%

Volatility

XDSR.TO vs. ZLD.TO - Volatility Comparison

iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) has a higher volatility of 4.47% compared to BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) at 2.00%. This indicates that XDSR.TO's price experiences larger fluctuations and is considered to be riskier than ZLD.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.TOZLD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

2.00%

+2.47%

Volatility (6M)

Calculated over the trailing 6-month period

13.61%

6.39%

+7.22%

Volatility (1Y)

Calculated over the trailing 1-year period

15.90%

8.45%

+7.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.05%

9.98%

+5.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.82%

12.82%

+2.00%

XDSR.TO vs. ZLD.TO - Expense Ratio Comparison

XDSR.TO has a 0.28% expense ratio, which is lower than ZLD.TO's 0.40% expense ratio.

Dividends

XDSR.TO vs. ZLD.TO - Dividend Comparison

XDSR.TO's dividend yield for the trailing twelve months is around 1.70%, less than ZLD.TO's 2.20% yield.

PositionTTM2025202420232022202120202019201820172016
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		1.70%1.83%1.94%1.94%2.27%1.45%0.77%0.00%0.00%0.00%0.00%
ZLD.TO
BMO Low Volatility International Equity Hedged to CAD ETF		2.20%2.29%2.45%2.66%2.62%2.31%2.62%2.17%2.36%2.23%1.96%

Frequently Asked Questions

XDSR.TO and ZLD.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDSR.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDSR.TO is cheaper with a 0.28% expense ratio, compared with 0.40% for ZLD.TO.

They also come from different issuers: iShares and BMO. Their fees differ too: 0.28% for XDSR.TO and 0.40% for ZLD.TO.

Portfolio Optimizer

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