XID.TO vs. ZCN.TO
Compare and contrast key facts about iShares India Index ETF (XID.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
XID.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. XID.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jan 21, 2010. 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 XID.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: XID.TO or ZCN.TO.
Key characteristics
| XID.TO | ZCN.TO | |
|---|---|---|
| YTD Return | 15.55% | 14.90% |
| 1Y Return | 20.01% | 18.22% |
| 3Y Return (Ann) | 8.45% | 7.97% |
| 5Y Return (Ann) | 12.26% | 10.54% |
| 10Y Return (Ann) | 9.86% | 7.49% |
| Sharpe Ratio | 1.61 | 1.74 |
| Daily Std Dev | 12.41% | 11.55% |
| Max Drawdown | -42.26% | -37.18% |
| Current Drawdown | -0.76% | 0.00% |
Correlation
The correlation between XID.TO and ZCN.TO is 0.54, 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
XID.TO vs. ZCN.TO - Performance Comparison
The year-to-date returns for both stocks are quite close, with XID.TO having a 15.55% return and ZCN.TO slightly lower at 14.90%. Over the past 10 years, XID.TO has outperformed ZCN.TO with an annualized return of 9.86%, while ZCN.TO has yielded a comparatively lower 7.49% 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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XID.TO vs. ZCN.TO - Expense Ratio Comparison
XID.TO has a 1.08% expense ratio, which is higher than ZCN.TO's 0.06% expense ratio.
Risk-Adjusted Performance
XID.TO vs. ZCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India Index ETF (XID.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
XID.TO vs. ZCN.TO - Dividend Comparison
XID.TO's dividend yield for the trailing twelve months is around 0.33%, less than ZCN.TO's 2.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XID.TO iShares India Index ETF | 0.33% | 0.42% | 3.45% | 6.82% | 0.03% | 0.43% | 0.39% | 0.16% | 0.36% | 0.36% | 0.35% | 0.56% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.90% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
Drawdowns
XID.TO vs. ZCN.TO - Drawdown Comparison
The maximum XID.TO drawdown since its inception was -42.26%, 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 XID.TO and ZCN.TO. For additional features, visit the drawdowns tool.
Volatility
XID.TO vs. ZCN.TO - Volatility Comparison
The current volatility for iShares India Index ETF (XID.TO) is 2.80%, while BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) has a volatility of 4.10%. This indicates that XID.TO experiences smaller price fluctuations and is considered to be less risky than ZCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.