XGI.TO vs. ZGI.TO
XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and ZGI.TO (BMO Global Infrastructure Index ETF) are both Industrials Equities funds - XGI.TO tracks the Morningstar Gbl GR CAD while ZGI.TO tracks the Dow Jones Brookfield Global Infrastructure North American Listed Index. Both are passively managed. Over the past 10 years, XGI.TO returned 11.88%/yr vs 8.52%/yr for ZGI.TO. At a 0.23 correlation, their price movements are largely independent. XGI.TO charges 0.68%/yr vs 0.61%/yr for ZGI.TO.
Performance
XGI.TO vs. ZGI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGI.TO achieves a 12.09% return, which is significantly lower than ZGI.TO's 17.33% return. Over the past 10 years, XGI.TO has outperformed ZGI.TO with an annualized return of 11.88%, while ZGI.TO has yielded a comparatively lower 8.52% annualized return.
XGI.TO
- 1D
- 0.04%
- 1M
- 0.73%
- 6M
- 6.74%
- YTD
- 12.09%
- 1Y
- 20.43%
- 3Y*
- 18.69%
- 5Y*
- 12.46%
- 10Y*
- 11.88%
ZGI.TO
- 1D
- -1.04%
- 1M
- 1.47%
- 6M
- 15.40%
- YTD
- 17.33%
- 1Y
- 17.58%
- 3Y*
- 15.07%
- 5Y*
- 10.65%
- 10Y*
- 8.52%
XGI.TO vs. ZGI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 12.09% | 20.93% | 16.18% | 21.83% | -8.79% | 14.92% | 4.64% | 26.41% | -11.83% | 20.23% |
ZGI.TO BMO Global Infrastructure Index ETF | 17.33% | 1.01% | 25.45% | -0.64% | 4.56% | 26.89% | -10.43% | 25.26% | -0.75% | 2.97% |
Correlation
The correlation between XGI.TO and ZGI.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2013 | 0.23 |
Over the past year, the correlation between XGI.TO and ZGI.TO has dropped to 0.00 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
XGI.TO vs. ZGI.TO - Sectors Allocation Comparison
Sectors
XGI.TO
ZGI.TO
Industrials
Technology
-
Utilities
Communication Services
-
Consumer Cyclical
-
Basic Materials
-
Financial Services
-
Consumer Defensive
-
Energy
-
Healthcare
-
-
Real Estate
-
Industrials
XGI.TO
ZGI.TO
Technology
XGI.TO
ZGI.TO
-
Utilities
XGI.TO
ZGI.TO
Communication Services
XGI.TO
ZGI.TO
-
Consumer Cyclical
XGI.TO
ZGI.TO
-
Basic Materials
XGI.TO
ZGI.TO
-
Financial Services
XGI.TO
ZGI.TO
-
Consumer Defensive
XGI.TO
ZGI.TO
-
Energy
XGI.TO
-
ZGI.TO
Healthcare
XGI.TO
-
ZGI.TO
-
Real Estate
XGI.TO
-
ZGI.TO
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Return for Risk
XGI.TO vs. ZGI.TO — Risk / Return Rank
XGI.TO
ZGI.TO
XGI.TO vs. ZGI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and BMO Global Infrastructure Index ETF (ZGI.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.
| XGI.TO | ZGI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.66 | -0.91 |
| Martin ratioReturn relative to average drawdown | 6.87 | 7.31 | -0.43 |
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Drawdowns
XGI.TO vs. ZGI.TO - Drawdown Comparison
The maximum XGI.TO drawdown since its inception was -42.61%, which is greater than ZGI.TO's maximum drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for XGI.TO and ZGI.TO.
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Drawdown Indicators
| XGI.TO | ZGI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -34.76% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -6.65% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -10.07% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -16.61% | -8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -34.76% | -7.85% |
Current DrawdownCurrent decline from peak | -4.05% | -1.65% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -4.37% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.41% | +0.57% |
Volatility
XGI.TO vs. ZGI.TO - Volatility Comparison
iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) has a higher volatility of 5.21% compared to BMO Global Infrastructure Index ETF (ZGI.TO) at 4.39%. This indicates that XGI.TO's price experiences larger fluctuations and is considered to be riskier than ZGI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGI.TO | ZGI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 4.39% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 10.19% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.66% | 12.70% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 13.39% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.99% | 15.98% | +8.01% |
XGI.TO vs. ZGI.TO - Expense Ratio Comparison
XGI.TO has a 0.68% expense ratio, which is higher than ZGI.TO's 0.61% expense ratio.
Dividends
XGI.TO vs. ZGI.TO - Dividend Comparison
XGI.TO's dividend yield for the trailing twelve months is around 1.24%, less than ZGI.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 1.24% | 1.54% | 2.69% | 1.24% | 1.34% | 0.91% | 0.96% | 1.30% | 1.88% | 1.15% | 1.39% | 1.46% |
ZGI.TO BMO Global Infrastructure Index ETF | 2.25% | 2.77% | 2.82% | 3.33% | 3.01% | 3.06% | 3.75% | 2.85% | 2.99% | 2.59% | 2.60% | 2.97% |
Frequently Asked Questions
XGI.TO and ZGI.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZGI.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZGI.TO is cheaper with a 0.61% expense ratio, compared with 0.68% for XGI.TO.
XGI.TO tracks Morningstar Gbl GR CAD, while ZGI.TO tracks Dow Jones Brookfield Global Infrastructure North American Listed Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.68% for XGI.TO and 0.61% for ZGI.TO.
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