XMS.TO vs. ZSP.TO
Compare and contrast key facts about iShares MSCI Min Vol USA Index ETF (CAD-Hedged) (XMS.TO) and BMO S&P 500 Index ETF (ZSP.TO).
XMS.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. XMS.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility (USD) 100% Hedged to CAD Index. It was launched on Apr 5, 2016. 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 XMS.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: XMS.TO or ZSP.TO.
Correlation
The correlation between XMS.TO and ZSP.TO is 0.60, 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
XMS.TO vs. ZSP.TO - Performance Comparison
Key characteristics
XMS.TO:
1.92
ZSP.TO:
2.47
XMS.TO:
2.82
ZSP.TO:
3.45
XMS.TO:
1.36
ZSP.TO:
1.46
XMS.TO:
2.28
ZSP.TO:
3.80
XMS.TO:
6.92
ZSP.TO:
17.40
XMS.TO:
2.40%
ZSP.TO:
1.69%
XMS.TO:
8.66%
ZSP.TO:
11.89%
XMS.TO:
-36.48%
ZSP.TO:
-26.94%
XMS.TO:
-1.71%
ZSP.TO:
-1.38%
Returns By Period
In the year-to-date period, XMS.TO achieves a 4.74% return, which is significantly higher than ZSP.TO's 2.65% return.
XMS.TO
4.74%
3.53%
4.27%
15.19%
5.99%
N/A
ZSP.TO
2.65%
-0.04%
13.94%
29.74%
15.61%
14.35%
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XMS.TO vs. ZSP.TO - Expense Ratio Comparison
XMS.TO has a 0.33% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
XMS.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
XMS.TO
ZSP.TO
XMS.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (CAD-Hedged) (XMS.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
XMS.TO vs. ZSP.TO - Dividend Comparison
XMS.TO's dividend yield for the trailing twelve months is around 1.18%, more than ZSP.TO's 0.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMS.TO iShares MSCI Min Vol USA Index ETF (CAD-Hedged) | 1.18% | 1.24% | 1.41% | 1.22% | 1.01% | 1.70% | 1.43% | 1.58% | 1.56% | 1.46% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.92% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
XMS.TO vs. ZSP.TO - Drawdown Comparison
The maximum XMS.TO drawdown since its inception was -36.48%, 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 XMS.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
XMS.TO vs. ZSP.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol USA Index ETF (CAD-Hedged) (XMS.TO) is 2.69%, while BMO S&P 500 Index ETF (ZSP.TO) has a volatility of 3.01%. This indicates that XMS.TO experiences smaller price fluctuations and is considered to be less risky than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.