XUSF.TO vs. ZBK.TO
XUSF.TO (iShares S&P U.S. Financials Index ETF) and ZBK.TO (BMO Equal Weight US Banks Index ETF) are both Financials Equities funds. Over the past year, XUSF.TO returned 12.70% vs 32.88% for ZBK.TO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
XUSF.TO vs. ZBK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XUSF.TO achieves a 5.23% return, which is significantly lower than ZBK.TO's 17.00% return.
XUSF.TO
- 1D
- -0.34%
- 1M
- 5.89%
- 6M
- 5.84%
- YTD
- 5.23%
- 1Y
- 12.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZBK.TO
- 1D
- 0.63%
- 1M
- 5.81%
- 6M
- 14.71%
- YTD
- 17.00%
- 1Y
- 32.88%
- 3Y*
- 33.23%
- 5Y*
- 11.92%
- 10Y*
- 13.88%
XUSF.TO vs. ZBK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XUSF.TO iShares S&P U.S. Financials Index ETF | 5.23% | 9.67% | 39.77% | 8.23% |
ZBK.TO BMO Equal Weight US Banks Index ETF | 17.00% | 16.76% | 46.09% | 15.96% |
Correlation
The correlation between XUSF.TO and ZBK.TO is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023 | 0.55 |
The correlation between XUSF.TO and ZBK.TO has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
XUSF.TO vs. ZBK.TO — Risk / Return Rank
XUSF.TO
ZBK.TO
XUSF.TO vs. ZBK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Financials Index ETF (XUSF.TO) and BMO Equal Weight US Banks Index ETF (ZBK.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.
| XUSF.TO | ZBK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.99 | -1.23 |
| Martin ratioReturn relative to average drawdown | 1.81 | 5.92 | -4.11 |
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Drawdowns
XUSF.TO vs. ZBK.TO - Drawdown Comparison
The maximum XUSF.TO drawdown since its inception was -16.88%, smaller than the maximum ZBK.TO drawdown of -48.80%. Use the drawdown chart below to compare losses from any high point for XUSF.TO and ZBK.TO.
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Drawdown Indicators
| XUSF.TO | ZBK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.88% | -48.80% | +31.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.66% | -16.57% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.80% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.69% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -12.28% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 5.57% | +0.58% |
Volatility
XUSF.TO vs. ZBK.TO - Volatility Comparison
iShares S&P U.S. Financials Index ETF (XUSF.TO) and BMO Equal Weight US Banks Index ETF (ZBK.TO) have volatilities of 4.58% and 4.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUSF.TO | ZBK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 4.74% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 15.64% | -3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.44% | 20.89% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 26.49% | -8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 28.76% | -10.92% |
Dividends
XUSF.TO vs. ZBK.TO - Dividend Comparison
XUSF.TO's dividend yield for the trailing twelve months is around 0.85%, less than ZBK.TO's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XUSF.TO iShares S&P U.S. Financials Index ETF | 0.85% | 0.75% | 0.81% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZBK.TO BMO Equal Weight US Banks Index ETF | 1.63% | 1.84% | 2.09% | 2.92% | 2.35% | 1.92% | 2.62% | 2.17% | 1.78% | 1.12% | 1.22% | 1.26% |
Frequently Asked Questions
XUSF.TO and ZBK.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and BMO.
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