XEM.TO vs. ZEA.TO
Compare and contrast key facts about iShares MSCI Emerging Markets Index ETF (XEM.TO) and BMO MSCI EAFE Index ETF (ZEA.TO).
XEM.TO and ZEA.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEM.TO is a passively managed fund by iShares that tracks the performance of the Morningstar EM GR CAD. It was launched on Jun 18, 2009. ZEA.TO is a passively managed fund by BMO that tracks the performance of the MSCI EAFE Index. It was launched on Feb 10, 2014. Both XEM.TO and ZEA.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: XEM.TO or ZEA.TO.
Correlation
The correlation between XEM.TO and ZEA.TO is 0.69, 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
XEM.TO vs. ZEA.TO - Performance Comparison
Key characteristics
XEM.TO:
1.37
ZEA.TO:
1.48
XEM.TO:
2.00
ZEA.TO:
2.10
XEM.TO:
1.25
ZEA.TO:
1.26
XEM.TO:
0.76
ZEA.TO:
2.51
XEM.TO:
5.64
ZEA.TO:
8.06
XEM.TO:
3.20%
ZEA.TO:
1.97%
XEM.TO:
13.21%
ZEA.TO:
10.68%
XEM.TO:
-35.27%
ZEA.TO:
-27.80%
XEM.TO:
-9.39%
ZEA.TO:
-1.67%
Returns By Period
In the year-to-date period, XEM.TO achieves a 2.62% return, which is significantly lower than ZEA.TO's 4.69% return. Over the past 10 years, XEM.TO has underperformed ZEA.TO with an annualized return of 4.04%, while ZEA.TO has yielded a comparatively higher 6.89% annualized return.
XEM.TO
2.62%
2.71%
8.49%
18.76%
3.24%
4.04%
ZEA.TO
4.69%
3.75%
8.77%
15.89%
7.31%
6.89%
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XEM.TO vs. ZEA.TO - Expense Ratio Comparison
XEM.TO has a 0.81% expense ratio, which is higher than ZEA.TO's 0.22% expense ratio.
Risk-Adjusted Performance
XEM.TO vs. ZEA.TO — Risk-Adjusted Performance Rank
XEM.TO
ZEA.TO
XEM.TO vs. ZEA.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Index ETF (XEM.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.
Dividends
XEM.TO vs. ZEA.TO - Dividend Comparison
XEM.TO's dividend yield for the trailing twelve months is around 2.03%, less than ZEA.TO's 2.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEM.TO iShares MSCI Emerging Markets Index ETF | 2.03% | 2.08% | 2.39% | 2.10% | 1.91% | 1.28% | 2.57% | 1.96% | 1.78% | 1.96% | 2.22% | 2.15% |
ZEA.TO BMO MSCI EAFE Index ETF | 2.66% | 2.78% | 3.02% | 3.08% | 2.49% | 2.74% | 2.95% | 3.05% | 2.40% | 2.80% | 2.43% | 2.37% |
Drawdowns
XEM.TO vs. ZEA.TO - Drawdown Comparison
The maximum XEM.TO drawdown since its inception was -35.27%, which is greater than ZEA.TO's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for XEM.TO and ZEA.TO. For additional features, visit the drawdowns tool.
Volatility
XEM.TO vs. ZEA.TO - Volatility Comparison
iShares MSCI Emerging Markets Index ETF (XEM.TO) has a higher volatility of 4.05% compared to BMO MSCI EAFE Index ETF (ZEA.TO) at 3.32%. This indicates that XEM.TO's price experiences larger fluctuations and is considered to be riskier than ZEA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.