XIC.TO vs. ZCN.TO
Compare and contrast key facts about iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
XIC.TO and ZCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001. ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009. Both XIC.TO and ZCN.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: XIC.TO or ZCN.TO.
Key characteristics
| XIC.TO | ZCN.TO | |
|---|---|---|
| YTD Return | 8.33% | 8.42% |
| 1Y Return | 14.26% | 14.30% |
| 3Y Return (Ann) | 7.57% | 8.07% |
| 5Y Return (Ann) | 9.55% | 9.87% |
| 10Y Return (Ann) | 7.67% | 7.69% |
| Sharpe Ratio | 1.29 | 1.28 |
| Daily Std Dev | 11.12% | 11.15% |
| Max Drawdown | -100.00% | -37.18% |
| Current Drawdown | -99.99% | 0.00% |
Correlation
The correlation between XIC.TO and ZCN.TO is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XIC.TO vs. ZCN.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with XIC.TO having a 8.33% return and ZCN.TO slightly higher at 8.42%. Both investments have delivered pretty close results over the past 10 years, with XIC.TO having a 7.67% annualized return and ZCN.TO not far ahead at 7.69%. 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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XIC.TO vs. ZCN.TO - Expense Ratio Comparison
Both XIC.TO and ZCN.TO have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XIC.TO vs. ZCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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
XIC.TO vs. ZCN.TO - Dividend Comparison
XIC.TO's dividend yield for the trailing twelve months is around 2.74%, less than ZCN.TO's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.74% | 2.96% | 3.10% | 2.43% | 2.99% | 2.97% | 3.15% | 2.45% | 2.68% | 3.17% | 3.96% | 2.64% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 3.05% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
Drawdowns
XIC.TO vs. ZCN.TO - Drawdown Comparison
The maximum XIC.TO drawdown since its inception was -100.00%, which is greater than ZCN.TO's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for XIC.TO and ZCN.TO. For additional features, visit the drawdowns tool.
Volatility
XIC.TO vs. ZCN.TO - Volatility Comparison
iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) have volatilities of 3.42% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.