XQLT.TO vs. ZSP.TO
Compare and contrast key facts about iShares MSCI USA Quality Factor Index ETF (XQLT.TO) and BMO S&P 500 Index ETF (ZSP.TO).
XQLT.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. XQLT.TO is a passively managed fund by iShares that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Sep 4, 2019. 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 XQLT.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: XQLT.TO or ZSP.TO.
Correlation
The correlation between XQLT.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
XQLT.TO vs. ZSP.TO - Performance Comparison
Key characteristics
XQLT.TO:
2.01
ZSP.TO:
2.49
XQLT.TO:
2.97
ZSP.TO:
3.48
XQLT.TO:
1.36
ZSP.TO:
1.46
XQLT.TO:
3.54
ZSP.TO:
3.84
XQLT.TO:
14.13
ZSP.TO:
17.58
XQLT.TO:
1.71%
ZSP.TO:
1.69%
XQLT.TO:
12.05%
ZSP.TO:
11.91%
XQLT.TO:
-25.12%
ZSP.TO:
-26.94%
XQLT.TO:
-1.94%
ZSP.TO:
-1.06%
Returns By Period
In the year-to-date period, XQLT.TO achieves a 2.55% return, which is significantly lower than ZSP.TO's 2.99% return.
XQLT.TO
2.55%
0.44%
10.22%
24.97%
14.89%
N/A
ZSP.TO
2.99%
0.28%
14.63%
30.16%
15.72%
14.38%
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XQLT.TO vs. ZSP.TO - Expense Ratio Comparison
XQLT.TO has a 0.32% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
XQLT.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
XQLT.TO
ZSP.TO
XQLT.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Factor Index ETF (XQLT.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
XQLT.TO vs. ZSP.TO - Dividend Comparison
XQLT.TO's dividend yield for the trailing twelve months is around 0.70%, less than ZSP.TO's 0.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XQLT.TO iShares MSCI USA Quality Factor Index ETF | 0.70% | 0.72% | 0.94% | 1.21% | 0.87% | 1.11% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 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
XQLT.TO vs. ZSP.TO - Drawdown Comparison
The maximum XQLT.TO drawdown since its inception was -25.12%, smaller than the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for XQLT.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
XQLT.TO vs. ZSP.TO - Volatility Comparison
iShares MSCI USA Quality Factor Index ETF (XQLT.TO) has a higher volatility of 3.09% compared to BMO S&P 500 Index ETF (ZSP.TO) at 2.90%. This indicates that XQLT.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.