XMH.TO vs. ZSP.TO
Compare and contrast key facts about iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) and BMO S&P 500 Index ETF (ZSP.TO).
XMH.TO and ZSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMH.TO is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400® CAD Hedged Index. It was launched on Aug 4, 2015. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012. Both XMH.TO and ZSP.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: XMH.TO or ZSP.TO.
Correlation
The correlation between XMH.TO and ZSP.TO is 0.78, 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
XMH.TO vs. ZSP.TO - Performance Comparison
Key characteristics
XMH.TO:
0.85
ZSP.TO:
2.49
XMH.TO:
1.28
ZSP.TO:
3.48
XMH.TO:
1.16
ZSP.TO:
1.46
XMH.TO:
1.47
ZSP.TO:
3.84
XMH.TO:
3.44
ZSP.TO:
17.58
XMH.TO:
3.82%
ZSP.TO:
1.69%
XMH.TO:
15.54%
ZSP.TO:
11.91%
XMH.TO:
-44.82%
ZSP.TO:
-26.94%
XMH.TO:
-5.32%
ZSP.TO:
-1.06%
Returns By Period
In the year-to-date period, XMH.TO achieves a 3.42% return, which is significantly higher than ZSP.TO's 2.99% return.
XMH.TO
3.42%
-0.48%
6.80%
13.56%
8.25%
N/A
ZSP.TO
2.99%
0.28%
14.63%
30.16%
15.72%
14.38%
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XMH.TO vs. ZSP.TO - Expense Ratio Comparison
XMH.TO has a 0.16% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XMH.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
XMH.TO
ZSP.TO
XMH.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) and BMO S&P 500 Index ETF (ZSP.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
XMH.TO vs. ZSP.TO - Dividend Comparison
XMH.TO's dividend yield for the trailing twelve months is around 1.00%, more than ZSP.TO's 0.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMH.TO iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) | 1.00% | 1.03% | 1.16% | 1.30% | 0.91% | 1.02% | 1.35% | 1.39% | 0.88% | 1.52% | 0.63% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.91% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
XMH.TO vs. ZSP.TO - Drawdown Comparison
The maximum XMH.TO drawdown since its inception was -44.82%, which is greater than ZSP.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for XMH.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
XMH.TO vs. ZSP.TO - Volatility Comparison
iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) (XMH.TO) has a higher volatility of 4.23% compared to BMO S&P 500 Index ETF (ZSP.TO) at 2.90%. This indicates that XMH.TO's price experiences larger fluctuations and is considered to be riskier than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.