PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XDSR.TO vs. ZXM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDSR.TO vs. ZXM.TO

Last updated Jun 4, 2026

XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) and ZXM.TO (CI Morningstar International Momentum Index ETF Common Units CAD Hedged) are both exchange-traded funds - XDSR.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Choice ESG Screened Index, while ZXM.TO is a Momentum fund tracking the Morningstar Developed Markets ex-North America Target Momentum Index. Both are passively managed. Over the past 5 years, XDSR.TO returned 9.25%/yr vs 13.11%/yr for ZXM.TO. At a 0.41 correlation, their price movements are largely independent. XDSR.TO charges 0.28%/yr vs 0.67%/yr for ZXM.TO.

Performance

XDSR.TO vs. ZXM.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 CI Morningstar International Momentum Index ETF Common Units CAD Hedged (ZXM.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with XDSR.TO having a 11.94% return and ZXM.TO slightly higher at 12.33%.

XDSR.TO

1D
-0.28%
1M
7.47%
YTD
11.94%
6M
11.21%
1Y
19.37%
3Y*
15.96%
5Y*
9.25%
10Y*
—

ZXM.TO

1D
-0.83%
1M
2.88%
YTD
12.33%
6M
14.29%
1Y
33.18%
3Y*
25.69%
5Y*
13.11%
10Y*
13.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		11.94%16.05%12.43%16.82%-14.11%10.05%161.23%
ZXM.TO
CI Morningstar International Momentum Index ETF Common Units CAD Hedged		12.33%35.75%21.41%14.22%-20.61%25.67%28.07%

Correlation

The correlation between XDSR.TO and ZXM.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.38

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

0.43

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2020

0.41

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

Sectors
XDSR.TO
ZXM.TO

Financial Services

28.9%
19.0%

Technology

19.4%
8.9%

Industrials

14.1%
33.6%

Healthcare

9.9%
3.2%

Communication Services

6.1%
1.5%

Basic Materials

4.4%
9.8%

Consumer Cyclical

4.3%
9.4%

Real Estate

3.1%
1.4%

Consumer Defensive

2.5%
3.9%

Utilities

0.5%
5.5%

Energy

-

4.0%

Financial Services

XDSR.TO
28.9%
ZXM.TO
19.0%

Technology

XDSR.TO
19.4%
ZXM.TO
8.9%

Industrials

XDSR.TO
14.1%
ZXM.TO
33.6%

Healthcare

XDSR.TO
9.9%
ZXM.TO
3.2%

Communication Services

XDSR.TO
6.1%
ZXM.TO
1.5%

Basic Materials

XDSR.TO
4.4%
ZXM.TO
9.8%

Consumer Cyclical

XDSR.TO
4.3%
ZXM.TO
9.4%

Real Estate

XDSR.TO
3.1%
ZXM.TO
1.4%

Consumer Defensive

XDSR.TO
2.5%
ZXM.TO
3.9%

Utilities

XDSR.TO
0.5%
ZXM.TO
5.5%

Energy

XDSR.TO

-

ZXM.TO
4.0%

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

CI Morningstar International Momentum Index ETF Common Units CAD Hedged

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. XEQT.TO
Often compared with ZXM.TO:
ZXM.TO vs. VXM.TOZXM.TO vs. WXM.TOZXM.TO vs. CCOM.TOZXM.TO vs. QDX.TOZXM.TO vs. FCIL.NEOZXM.TO vs. FCIM.NEOZXM.TO vs. FLI.TO

Return for Risk

XDSR.TO vs. ZXM.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: 3636
Overall Rank
XDSR.TO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XDSR.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XDSR.TO Omega Ratio Rank: 3535
Omega Ratio Rank
XDSR.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
XDSR.TO Martin Ratio Rank: 4040
Martin Ratio Rank
ZXM.TO
ZXM.TO Risk / Return Rank: 7171
Overall Rank
ZXM.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
ZXM.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
ZXM.TO Omega Ratio Rank: 7979
Omega Ratio Rank
ZXM.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
ZXM.TO Martin Ratio Rank: 7070
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. ZXM.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 CI Morningstar International Momentum Index ETF Common Units CAD Hedged (ZXM.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.TOZXM.TODifference
Sharpe ratioReturn per unit of total volatility
1.29
2.28

-0.99

Sortino ratioReturn per unit of downside risk
1.94
3.26

-1.32

Omega ratioGain probability vs. loss probability

1.23

1.47

-0.24

Calmar ratioReturn relative to maximum drawdown

1.61

3.22

-1.61

Martin ratioReturn relative to average drawdown

6.32

12.91

-6.59

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

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

The current XDSR.TO Sharpe Ratio is 1.29, which is lower than the ZXM.TO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XDSR.TO and ZXM.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.

Loading charts...

Sharpe Ratios by Period

XDSR.TOZXM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.29

2.28

-0.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.83

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.74

-0.18

Drawdowns

XDSR.TO vs. ZXM.TO - Drawdown Comparison

The maximum XDSR.TO drawdown since its inception was -29.13%, smaller than the maximum ZXM.TO drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for XDSR.TO and ZXM.TO.

Loading charts...

Drawdown Indicators

XDSR.TOZXM.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.13%

-35.22%

+6.09%

Max Drawdown (1Y)

Largest decline over 1 year

-12.06%

-10.35%

-1.71%

Max Drawdown (3Y)

Largest decline over 3 years

-15.63%

-12.74%

-2.89%

Max Drawdown (5Y)

Largest decline over 5 years

-29.13%

-26.93%

-2.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.22%

—

Current Drawdown

Current decline from peak

-0.28%

-2.45%

+2.17%

Average Drawdown

Average peak-to-trough decline

-6.09%

-6.44%

+0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

2.58%

+0.49%

Volatility

XDSR.TO vs. ZXM.TO - Volatility Comparison

The current volatility for iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) is 4.96%, while CI Morningstar International Momentum Index ETF Common Units CAD Hedged (ZXM.TO) has a volatility of 5.51%. This indicates that XDSR.TO experiences smaller price fluctuations and is considered to be less risky than ZXM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XDSR.TOZXM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

5.51%

-0.55%

Volatility (6M)

Calculated over the trailing 6-month period

12.48%

12.93%

-0.45%

Volatility (1Y)

Calculated over the trailing 1-year period

15.05%

14.62%

+0.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.77%

15.96%

-1.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.12%

16.70%

+31.42%

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

XDSR.TO has a 0.28% expense ratio, which is lower than ZXM.TO's 0.67% expense ratio.

Dividends

XDSR.TO vs. ZXM.TO - Dividend Comparison

XDSR.TO's dividend yield for the trailing twelve months is around 1.64%, less than ZXM.TO's 2.25% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ZXM.TO
CI Morningstar International Momentum Index ETF Common Units CAD Hedged		2.25%2.39%2.97%3.57%5.50%1.58%0.86%1.19%1.49%0.89%1.19%1.11%

Frequently Asked Questions

XDSR.TO and ZXM.TO have a correlation of 0.42, 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 0.67% for ZXM.TO.

XDSR.TO is categorized as Foreign Large Cap Equities, while ZXM.TO is Momentum. XDSR.TO tracks MSCI EAFE Choice ESG Screened Index, while ZXM.TO tracks Morningstar Developed Markets ex-North America Target Momentum Index. They also come from different issuers: iShares and CI Global Asset Management. Their fees differ too: 0.28% for XDSR.TO and 0.67% for ZXM.TO.

Portfolio Optimizer

Find the right allocation for XDSR.TO and ZXM.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer