XSTH.TO vs. ZUT.TO
XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) and ZUT.TO (BMO Equal Weight Utilities Index ETF) are both exchange-traded funds - XSTH.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while ZUT.TO is a Utilities Equities fund tracking the Solactive Equal Weight Canada Utilities Index. Both are passively managed. Over the past 3 years, XSTH.TO returned 3.85%/yr vs 12.49%/yr for ZUT.TO. At a 0.15 correlation, their price movements are largely independent. XSTH.TO charges 0.16%/yr vs 0.61%/yr for ZUT.TO.
Performance
XSTH.TO vs. ZUT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTH.TO achieves a 1.24% return, which is significantly lower than ZUT.TO's 20.31% return.
XSTH.TO
- 1D
- -0.03%
- 1M
- -0.13%
- YTD
- 1.24%
- 6M
- 1.11%
- 1Y
- 2.77%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
ZUT.TO
- 1D
- 0.17%
- 1M
- 4.34%
- YTD
- 20.31%
- 6M
- 17.09%
- 1Y
- 25.60%
- 3Y*
- 12.49%
- 5Y*
- 7.40%
- 10Y*
- 10.18%
XSTH.TO vs. ZUT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 1.24% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
ZUT.TO BMO Equal Weight Utilities Index ETF | 20.31% | 15.25% | 14.13% | -5.37% | -8.69% | 1.53% |
Correlation
The correlation between XSTH.TO and ZUT.TO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.15 |
The correlation between XSTH.TO and ZUT.TO shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSTH.TO vs. ZUT.TO — Risk / Return Rank
XSTH.TO
ZUT.TO
XSTH.TO vs. ZUT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) and BMO Equal Weight Utilities Index ETF (ZUT.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.
| XSTH.TO | ZUT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.47 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.87 | -1.01 |
| Martin ratioReturn relative to average drawdown | 7.42 | 7.24 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XSTH.TO | ZUT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.47 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.58 | +0.06 |
Drawdowns
XSTH.TO vs. ZUT.TO - Drawdown Comparison
The maximum XSTH.TO drawdown since its inception was -5.98%, smaller than the maximum ZUT.TO drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for XSTH.TO and ZUT.TO.
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Drawdown Indicators
| XSTH.TO | ZUT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.98% | -37.08% | +31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -8.96% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -21.44% | +19.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.08% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.24% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -6.33% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 3.55% | -3.18% |
Volatility
XSTH.TO vs. ZUT.TO - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) is 0.43%, while BMO Equal Weight Utilities Index ETF (ZUT.TO) has a volatility of 2.42%. This indicates that XSTH.TO experiences smaller price fluctuations and is considered to be less risky than ZUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTH.TO | ZUT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 2.42% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 8.27% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 10.62% | -8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 13.95% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 16.50% | -12.86% |
XSTH.TO vs. ZUT.TO - Expense Ratio Comparison
XSTH.TO has a 0.16% expense ratio, which is lower than ZUT.TO's 0.61% expense ratio.
Dividends
XSTH.TO vs. ZUT.TO - Dividend Comparison
XSTH.TO's dividend yield for the trailing twelve months is around 3.55%, more than ZUT.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 3.55% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZUT.TO BMO Equal Weight Utilities Index ETF | 2.77% | 3.44% | 3.98% | 4.35% | 3.95% | 3.25% | 3.31% | 4.00% | 4.59% | 3.71% | 3.98% | 4.63% |
Frequently Asked Questions
XSTH.TO and ZUT.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTH.TO is cheaper with a 0.16% expense ratio, compared with 0.61% for ZUT.TO.
XSTH.TO is categorized as Inflation-Protected Bonds, while ZUT.TO is Utilities Equities. XSTH.TO tracks Morningstar Gbl Core Bd GR CAD, while ZUT.TO tracks Solactive Equal Weight Canada Utilities Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.16% for XSTH.TO and 0.61% for ZUT.TO.
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