XMV.TO vs. ZSP.TO
Compare and contrast key facts about iShares MSCI Min Vol Canada Index ETF (XMV.TO) and BMO S&P 500 Index ETF (ZSP.TO).
XMV.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. 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. 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 XMV.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: XMV.TO or ZSP.TO.
Key characteristics
| XMV.TO | ZSP.TO | |
|---|---|---|
| YTD Return | 21.00% | 33.46% |
| 1Y Return | 25.31% | 37.22% |
| 3Y Return (Ann) | 8.94% | 14.02% |
| 5Y Return (Ann) | 9.63% | 16.73% |
| 10Y Return (Ann) | 8.72% | 15.53% |
| Sharpe Ratio | 3.20 | 3.40 |
| Sortino Ratio | 4.67 | 4.73 |
| Omega Ratio | 1.63 | 1.66 |
| Calmar Ratio | 6.47 | 4.84 |
| Martin Ratio | 23.07 | 23.84 |
| Ulcer Index | 1.09% | 1.57% |
| Daily Std Dev | 7.82% | 10.97% |
| Max Drawdown | -35.58% | -26.94% |
| Current Drawdown | -0.47% | -0.21% |
Correlation
The correlation between XMV.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
XMV.TO vs. ZSP.TO - Performance Comparison
In the year-to-date period, XMV.TO achieves a 21.00% return, which is significantly lower than ZSP.TO's 33.46% return. Over the past 10 years, XMV.TO has underperformed ZSP.TO with an annualized return of 8.72%, while ZSP.TO has yielded a comparatively higher 15.53% 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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XMV.TO vs. ZSP.TO - Expense Ratio Comparison
XMV.TO has a 0.33% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
XMV.TO vs. ZSP.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 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
XMV.TO vs. ZSP.TO - Dividend Comparison
XMV.TO's dividend yield for the trailing twelve months is around 2.30%, more than ZSP.TO's 0.97% 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% |
ZSP.TO BMO S&P 500 Index ETF | 0.97% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
Drawdowns
XMV.TO vs. ZSP.TO - Drawdown Comparison
The maximum XMV.TO drawdown since its inception was -35.58%, 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 XMV.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
XMV.TO vs. ZSP.TO - Volatility Comparison
The current volatility for iShares MSCI Min Vol Canada Index ETF (XMV.TO) is 2.62%, while BMO S&P 500 Index ETF (ZSP.TO) has a volatility of 3.85%. This indicates that XMV.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.