XTOT.TO vs. ZLH.TO
XTOT.TO (iShares Core S&P Total U.S. Stock Market Index ETF) and ZLH.TO (BMO Low Volatility US Equity Hedged to CAD ETF) are both Large Cap Blend Equities funds. Over the past year, XTOT.TO returned 22.16% vs 8.78% for ZLH.TO. At a 0.25 correlation, their price movements are largely independent. XTOT.TO charges 0.07%/yr vs 0.30%/yr for ZLH.TO.
Performance
XTOT.TO vs. ZLH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTOT.TO achieves a 12.24% return, which is significantly higher than ZLH.TO's 8.99% return.
XTOT.TO
- 1D
- -1.17%
- 1M
- -0.20%
- 6M
- 8.69%
- YTD
- 12.24%
- 1Y
- 22.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZLH.TO
- 1D
- -0.23%
- 1M
- 3.07%
- 6M
- 6.09%
- YTD
- 8.99%
- 1Y
- 8.78%
- 3Y*
- 8.70%
- 5Y*
- 6.47%
- 10Y*
- 7.32%
XTOT.TO vs. ZLH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF | 12.24% | 16.84% |
ZLH.TO BMO Low Volatility US Equity Hedged to CAD ETF | 8.99% | 1.12% |
Correlation
The correlation between XTOT.TO and ZLH.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.25 |
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Return for Risk
XTOT.TO vs. ZLH.TO — Risk / Return Rank
XTOT.TO
ZLH.TO
XTOT.TO vs. ZLH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) and BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.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.
| XTOT.TO | ZLH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.20 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.76 | 2.90 | +4.86 |
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Drawdowns
XTOT.TO vs. ZLH.TO - Drawdown Comparison
The maximum XTOT.TO drawdown since its inception was -9.64%, smaller than the maximum ZLH.TO drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for XTOT.TO and ZLH.TO.
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Drawdown Indicators
| XTOT.TO | ZLH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.64% | -33.34% | +23.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -7.35% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.34% | — |
Current DrawdownCurrent decline from peak | -3.32% | -2.20% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -3.90% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.04% | -0.18% |
Volatility
XTOT.TO vs. ZLH.TO - Volatility Comparison
The current volatility for iShares Core S&P Total U.S. Stock Market Index ETF (XTOT.TO) is 3.41%, while BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO) has a volatility of 3.96%. This indicates that XTOT.TO experiences smaller price fluctuations and is considered to be less risky than ZLH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTOT.TO | ZLH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.96% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 7.88% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.81% | 10.88% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 12.29% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 13.84% | -0.43% |
XTOT.TO vs. ZLH.TO - Expense Ratio Comparison
XTOT.TO has a 0.07% expense ratio, which is lower than ZLH.TO's 0.30% expense ratio.
Dividends
XTOT.TO vs. ZLH.TO - Dividend Comparison
XTOT.TO's dividend yield for the trailing twelve months is around 0.83%, less than ZLH.TO's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XTOT.TO iShares Core S&P Total U.S. Stock Market Index ETF | 0.83% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLH.TO BMO Low Volatility US Equity Hedged to CAD ETF | 1.74% | 1.92% | 2.25% | 2.45% | 2.12% | 1.84% | 1.95% | 1.55% | 2.00% | 1.93% | 2.02% |
Frequently Asked Questions
XTOT.TO and ZLH.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTOT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTOT.TO is cheaper with a 0.07% expense ratio, compared with 0.30% for ZLH.TO.
They also come from different issuers: iShares and BMO. Their fees differ too: 0.07% for XTOT.TO and 0.30% for ZLH.TO.
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