XEG.TO vs. ZID.TO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and ZID.TO (BMO MSCI India ESG Leaders Index ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while ZID.TO is a Asia Pacific Equities fund tracking the MSCI India ESG Leaders Index. Both are passively managed. Over the past 10 years, XEG.TO returned 11.69%/yr vs 9.31%/yr for ZID.TO. At a 0.17 correlation, their price movements are largely independent. XEG.TO charges 0.61%/yr vs 0.67%/yr for ZID.TO.
Performance
XEG.TO vs. ZID.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEG.TO achieves a 38.53% return, which is significantly higher than ZID.TO's -16.55% return. Over the past 10 years, XEG.TO has outperformed ZID.TO with an annualized return of 11.69%, while ZID.TO has yielded a comparatively lower 9.31% annualized return.
XEG.TO
- 1D
- -0.41%
- 1M
- -2.76%
- YTD
- 38.53%
- 6M
- 37.54%
- 1Y
- 55.84%
- 3Y*
- 26.37%
- 5Y*
- 28.03%
- 10Y*
- 11.69%
ZID.TO
- 1D
- 1.10%
- 1M
- 1.07%
- YTD
- -16.55%
- 6M
- -15.85%
- 1Y
- -16.46%
- 3Y*
- 3.67%
- 5Y*
- 2.92%
- 10Y*
- 9.31%
XEG.TO vs. ZID.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 38.53% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
ZID.TO BMO MSCI India ESG Leaders Index ETF | -16.55% | -0.67% | 19.13% | 11.89% | -4.71% | 25.55% | 15.79% | 7.37% | 8.20% | 34.21% |
Correlation
The correlation between XEG.TO and ZID.TO is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2010 | 0.17 |
The correlation between XEG.TO and ZID.TO shifts across timeframes, from -0.23 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
XEG.TO vs. ZID.TO - Sectors Allocation Comparison
Sectors
XEG.TO
ZID.TO
Energy
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Financial Services
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Energy
XEG.TO
ZID.TO
Basic Materials
XEG.TO
-
ZID.TO
Communication Services
XEG.TO
-
ZID.TO
Consumer Cyclical
XEG.TO
-
ZID.TO
Consumer Defensive
XEG.TO
-
ZID.TO
Financial Services
XEG.TO
-
ZID.TO
Healthcare
XEG.TO
-
ZID.TO
Industrials
XEG.TO
-
ZID.TO
Real Estate
XEG.TO
-
ZID.TO
Technology
XEG.TO
-
ZID.TO
Utilities
XEG.TO
-
ZID.TO
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Return for Risk
XEG.TO vs. ZID.TO — Risk / Return Rank
XEG.TO
ZID.TO
XEG.TO vs. ZID.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and BMO MSCI India ESG Leaders Index ETF (ZID.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.
| XEG.TO | ZID.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.40 | ||
| Sortino ratioReturn per unit of downside risk | +4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.85 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | -0.68 | +5.72 |
| Martin ratioReturn relative to average drawdown | 14.38 | -1.37 | +15.75 |
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Drawdowns
XEG.TO vs. ZID.TO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than ZID.TO's maximum drawdown of -45.18%. Use the drawdown chart below to compare losses from any high point for XEG.TO and ZID.TO.
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Drawdown Indicators
| XEG.TO | ZID.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -45.18% | -42.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -24.35% | +13.23% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -27.08% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -27.08% | -1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | -45.18% | -34.48% |
Current DrawdownCurrent decline from peak | -7.87% | -24.09% | +16.22% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -11.34% | -23.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 12.05% | -8.16% |
Volatility
XEG.TO vs. ZID.TO - Volatility Comparison
iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.11% compared to BMO MSCI India ESG Leaders Index ETF (ZID.TO) at 4.90%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier than ZID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEG.TO | ZID.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 4.90% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.65% | 14.25% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 16.75% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 15.97% | +12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.40% | 19.86% | +13.54% |
XEG.TO vs. ZID.TO - Expense Ratio Comparison
XEG.TO has a 0.61% expense ratio, which is lower than ZID.TO's 0.67% expense ratio.
Dividends
XEG.TO vs. ZID.TO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.76%, more than ZID.TO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.76% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
ZID.TO BMO MSCI India ESG Leaders Index ETF | 0.82% | 0.69% | 0.28% | 1.18% | 0.29% | 1.24% | 0.11% | 0.11% | 0.74% | 0.38% | 1.15% | 0.64% |
Frequently Asked Questions
XEG.TO and ZID.TO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEG.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEG.TO is cheaper with a 0.61% expense ratio, compared with 0.67% for ZID.TO.
XEG.TO is categorized as Energy Equities, while ZID.TO is Asia Pacific Equities. XEG.TO tracks S&P/TSX Capped Energy Index, while ZID.TO tracks MSCI India ESG Leaders Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.61% for XEG.TO and 0.67% for ZID.TO.
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