XMV.TO vs. ZCN.TO
Compare and contrast key facts about iShares MSCI Min Vol Canada Index ETF (XMV.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
XMV.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. XMV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Jul 24, 2012. 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 XMV.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: XMV.TO or ZCN.TO.
Key characteristics
| XMV.TO | ZCN.TO | |
|---|---|---|
| YTD Return | 21.00% | 22.52% |
| 1Y Return | 25.31% | 28.63% |
| 3Y Return (Ann) | 8.94% | 8.23% |
| 5Y Return (Ann) | 9.63% | 11.43% |
| 10Y Return (Ann) | 8.72% | 8.62% |
| Sharpe Ratio | 3.20 | 2.85 |
| Sortino Ratio | 4.67 | 3.90 |
| Omega Ratio | 1.63 | 1.53 |
| Calmar Ratio | 6.47 | 5.39 |
| Martin Ratio | 23.07 | 20.94 |
| Ulcer Index | 1.09% | 1.38% |
| Daily Std Dev | 7.82% | 10.13% |
| Max Drawdown | -35.58% | -37.18% |
| Current Drawdown | -0.47% | 0.00% |
Correlation
The correlation between XMV.TO and ZCN.TO is 0.87, 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
XMV.TO vs. ZCN.TO - Performance Comparison
In the year-to-date period, XMV.TO achieves a 21.00% return, which is significantly lower than ZCN.TO's 22.52% return. Both investments have delivered pretty close results over the past 10 years, with XMV.TO having a 8.72% annualized return and ZCN.TO not far behind at 8.62%. 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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XMV.TO vs. ZCN.TO - Expense Ratio Comparison
XMV.TO has a 0.33% expense ratio, which is higher than ZCN.TO's 0.06% expense ratio.
Risk-Adjusted Performance
XMV.TO vs. ZCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol Canada Index ETF (XMV.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
XMV.TO vs. ZCN.TO - Dividend Comparison
XMV.TO's dividend yield for the trailing twelve months is around 2.30%, less than ZCN.TO's 2.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMV.TO iShares MSCI Min Vol Canada Index ETF | 2.30% | 2.83% | 2.59% | 2.20% | 2.94% | 2.63% | 3.16% | 2.69% | 2.27% | 2.66% | 5.86% | 2.23% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.74% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
Drawdowns
XMV.TO vs. ZCN.TO - Drawdown Comparison
The maximum XMV.TO drawdown since its inception was -35.58%, roughly equal to the maximum ZCN.TO drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for XMV.TO and ZCN.TO. For additional features, visit the drawdowns tool.
Volatility
XMV.TO vs. ZCN.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Canada Index ETF (XMV.TO) is 2.62%, while BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) has a volatility of 2.94%. This indicates that XMV.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.