XST.TO vs. ZEB.TO
XST.TO (iShares S&P/TSX Capped Consumer Staples Index ETF) and ZEB.TO (BMO Equal Weight Banks Index ETF) are both exchange-traded funds - XST.TO is a Consumer Staples Equities fund tracking the Morningstar Gbl GR CAD, while ZEB.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. Both are passively managed. Over the past 10 years, XST.TO returned 19.03%/yr vs 16.60%/yr for ZEB.TO. At a 0.27 correlation, their price movements are largely independent. XST.TO charges 0.61%/yr vs 0.25%/yr for ZEB.TO.
Performance
XST.TO vs. ZEB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XST.TO achieves a 4.80% return, which is significantly lower than ZEB.TO's 25.33% return. Over the past 10 years, XST.TO has outperformed ZEB.TO with an annualized return of 19.03%, while ZEB.TO has yielded a comparatively lower 16.60% annualized return.
XST.TO
- 1D
- -0.98%
- 1M
- 7.14%
- YTD
- 4.80%
- 6M
- 5.68%
- 1Y
- 10.57%
- 3Y*
- 47.03%
- 5Y*
- 30.79%
- 10Y*
- 19.03%
ZEB.TO
- 1D
- 1.12%
- 1M
- 9.87%
- YTD
- 25.33%
- 6M
- 26.07%
- 1Y
- 67.94%
- 3Y*
- 34.82%
- 5Y*
- 19.53%
- 10Y*
- 16.60%
XST.TO vs. ZEB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XST.TO iShares S&P/TSX Capped Consumer Staples Index ETF | 4.80% | 16.38% | 140.92% | 7.25% | 9.63% | 21.31% | 4.28% | 12.92% | 2.53% | 7.95% |
ZEB.TO BMO Equal Weight Banks Index ETF | 25.33% | 43.43% | 24.58% | 10.87% | -10.38% | 39.38% | 3.52% | 16.06% | -8.85% | 14.26% |
Correlation
The correlation between XST.TO and ZEB.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2012 | 0.27 |
The correlation between XST.TO and ZEB.TO shifts across timeframes, from 0.13 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
XST.TO vs. ZEB.TO - Sectors Allocation Comparison
Sectors
XST.TO
ZEB.TO
Consumer Defensive
-
Consumer Cyclical
-
Basic Materials
-
-
Communication Services
-
-
Energy
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Consumer Defensive
XST.TO
ZEB.TO
-
Consumer Cyclical
XST.TO
ZEB.TO
-
Basic Materials
XST.TO
-
ZEB.TO
-
Communication Services
XST.TO
-
ZEB.TO
-
Energy
XST.TO
-
ZEB.TO
-
Financial Services
XST.TO
-
ZEB.TO
Healthcare
XST.TO
-
ZEB.TO
-
Industrials
XST.TO
-
ZEB.TO
-
Real Estate
XST.TO
-
ZEB.TO
-
Technology
XST.TO
-
ZEB.TO
-
Utilities
XST.TO
-
ZEB.TO
-
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Return for Risk
XST.TO vs. ZEB.TO — Risk / Return Rank
XST.TO
ZEB.TO
XST.TO vs. ZEB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) and BMO Equal Weight Banks Index ETF (ZEB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XST.TO | ZEB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.68 | ||
| Sortino ratioReturn per unit of downside risk | -6.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.99 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 8.09 | -7.08 |
| Martin ratioReturn relative to average drawdown | 2.37 | 34.80 | -32.44 |
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Drawdowns
XST.TO vs. ZEB.TO - Drawdown Comparison
The maximum XST.TO drawdown since its inception was -25.42%, smaller than the maximum ZEB.TO drawdown of -39.69%. Use the drawdown chart below to compare losses from any high point for XST.TO and ZEB.TO.
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Drawdown Indicators
| XST.TO | ZEB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -39.69% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -8.44% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -14.80% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -10.86% | -25.97% | +15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -39.69% | +14.27% |
Current DrawdownCurrent decline from peak | -3.60% | 0.00% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -5.65% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 1.96% | +2.52% |
Volatility
XST.TO vs. ZEB.TO - Volatility Comparison
iShares S&P/TSX Capped Consumer Staples Index ETF (XST.TO) has a higher volatility of 4.89% compared to BMO Equal Weight Banks Index ETF (ZEB.TO) at 4.52%. This indicates that XST.TO's price experiences larger fluctuations and is considered to be riskier than ZEB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XST.TO | ZEB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 4.52% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.47% | 11.13% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 12.81% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.19% | 13.55% | +33.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.42% | 16.90% | +18.52% |
XST.TO vs. ZEB.TO - Expense Ratio Comparison
XST.TO has a 0.61% expense ratio, which is higher than ZEB.TO's 0.25% expense ratio.
Dividends
XST.TO vs. ZEB.TO - Dividend Comparison
XST.TO's dividend yield for the trailing twelve months is around 0.66%, less than ZEB.TO's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XST.TO iShares S&P/TSX Capped Consumer Staples Index ETF | 0.66% | 0.68% | 0.87% | 1.57% | 1.48% | 1.37% | 1.48% | 1.46% | 1.62% | 1.80% | 1.03% | 1.24% |
ZEB.TO BMO Equal Weight Banks Index ETF | 2.41% | 2.95% | 3.98% | 4.75% | 4.29% | 3.13% | 4.15% | 3.65% | 3.64% | 3.02% | 3.19% | 3.70% |
Frequently Asked Questions
XST.TO and ZEB.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZEB.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZEB.TO is cheaper with a 0.25% expense ratio, compared with 0.61% for XST.TO.
XST.TO is categorized as Consumer Staples Equities, while ZEB.TO is Financials Equities. XST.TO tracks Morningstar Gbl GR CAD, while ZEB.TO tracks Solactive Equal Weight Canada Banks Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.61% for XST.TO and 0.25% for ZEB.TO.
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