XDV.TO vs. ZSP.TO
Compare and contrast key facts about iShares Canadian Select Dividend Index ETF (XDV.TO) and BMO S&P 500 Index ETF (ZSP.TO).
XDV.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. XDV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Dec 19, 2005. 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 XDV.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: XDV.TO or ZSP.TO.
Key characteristics
| XDV.TO | ZSP.TO | |
|---|---|---|
| YTD Return | 3.21% | 14.64% |
| 1Y Return | 4.86% | 28.97% |
| 3Y Return (Ann) | 2.18% | 14.67% |
| 5Y Return (Ann) | 7.06% | 14.97% |
| 10Y Return (Ann) | 5.51% | 15.26% |
| Sharpe Ratio | 0.43 | 3.11 |
| Daily Std Dev | 11.17% | 9.87% |
| Max Drawdown | -48.63% | -26.94% |
| Current Drawdown | -4.43% | -0.08% |
Correlation
The correlation between XDV.TO and ZSP.TO is 0.66, 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.
Performance
XDV.TO vs. ZSP.TO - Performance Comparison
In the year-to-date period, XDV.TO achieves a 3.21% return, which is significantly lower than ZSP.TO's 14.64% return. Over the past 10 years, XDV.TO has underperformed ZSP.TO with an annualized return of 5.51%, while ZSP.TO has yielded a comparatively higher 15.26% 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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XDV.TO vs. ZSP.TO - Expense Ratio Comparison
XDV.TO has a 0.55% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
XDV.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Select Dividend Index ETF (XDV.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
XDV.TO vs. ZSP.TO - Dividend Comparison
XDV.TO's dividend yield for the trailing twelve months is around 4.81%, more than ZSP.TO's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDV.TO iShares Canadian Select Dividend Index ETF | 4.81% | 4.62% | 4.49% | 3.82% | 4.71% | 4.15% | 4.84% | 3.59% | 3.85% | 4.68% | 4.43% | 3.87% |
ZSP.TO BMO S&P 500 Index ETF | 1.16% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
Drawdowns
XDV.TO vs. ZSP.TO - Drawdown Comparison
The maximum XDV.TO drawdown since its inception was -48.63%, 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 XDV.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
XDV.TO vs. ZSP.TO - Volatility Comparison
The current volatility for iShares Canadian Select Dividend Index ETF (XDV.TO) is 2.76%, while BMO S&P 500 Index ETF (ZSP.TO) has a volatility of 3.27%. This indicates that XDV.TO experiences smaller price fluctuations and is considered to be less risky than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.