XUSR.TO vs. ZUQ.TO
XUSR.TO (iShares ESG Advanced MSCI USA Index ETF) and ZUQ.TO (BMO MSCI USA High Quality Index ETF) are both exchange-traded funds - XUSR.TO is a Large Cap Growth Equities fund tracking the MSCI USA Choice ESG Screened Index, while ZUQ.TO is a Large Cap Blend Equities fund tracking the MSCI USA Quality Index. Both are passively managed. Over the past 5 years, XUSR.TO returned 16.66%/yr vs 15.26%/yr for ZUQ.TO. Their correlation of 0.83 suggests significant overlap in exposure. XUSR.TO charges 0.23%/yr vs 0.33%/yr for ZUQ.TO.
Performance
XUSR.TO vs. ZUQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XUSR.TO achieves a 21.07% return, which is significantly higher than ZUQ.TO's 9.39% return.
XUSR.TO
- 1D
- -0.71%
- 1M
- 11.78%
- YTD
- 21.07%
- 6M
- 17.73%
- 1Y
- 32.90%
- 3Y*
- 26.02%
- 5Y*
- 16.66%
- 10Y*
- —
ZUQ.TO
- 1D
- 0.28%
- 1M
- 5.91%
- YTD
- 9.39%
- 6M
- 3.18%
- 1Y
- 19.10%
- 3Y*
- 20.39%
- 5Y*
- 15.26%
- 10Y*
- 16.38%
XUSR.TO vs. ZUQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUSR.TO iShares ESG Advanced MSCI USA Index ETF | 21.07% | 9.24% | 32.45% | 29.28% | -17.20% | 24.47% | 27.06% |
ZUQ.TO BMO MSCI USA High Quality Index ETF | 9.39% | 5.78% | 34.02% | 33.24% | -18.33% | 26.40% | 20.69% |
Correlation
The correlation between XUSR.TO and ZUQ.TO is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.83 |
The correlation between XUSR.TO and ZUQ.TO shifts across timeframes, from 0.74 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
XUSR.TO vs. ZUQ.TO - Sectors Allocation Comparison
Sectors
XUSR.TO
ZUQ.TO
Technology
Financial Services
Industrials
Consumer Cyclical
Healthcare
Real Estate
-
Communication Services
Basic Materials
Utilities
Consumer Defensive
Energy
Technology
XUSR.TO
ZUQ.TO
Financial Services
XUSR.TO
ZUQ.TO
Industrials
XUSR.TO
ZUQ.TO
Consumer Cyclical
XUSR.TO
ZUQ.TO
Healthcare
XUSR.TO
ZUQ.TO
Real Estate
XUSR.TO
ZUQ.TO
-
Communication Services
XUSR.TO
ZUQ.TO
Basic Materials
XUSR.TO
ZUQ.TO
Utilities
XUSR.TO
ZUQ.TO
Consumer Defensive
XUSR.TO
ZUQ.TO
Energy
XUSR.TO
ZUQ.TO
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Return for Risk
XUSR.TO vs. ZUQ.TO — Risk / Return Rank
XUSR.TO
ZUQ.TO
XUSR.TO vs. ZUQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.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.
| XUSR.TO | ZUQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.81 | +1.05 |
| Martin ratioReturn relative to average drawdown | 8.61 | 5.87 | +2.74 |
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
| XUSR.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.56 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.94 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.94 | +0.18 |
Drawdowns
XUSR.TO vs. ZUQ.TO - Drawdown Comparison
The maximum XUSR.TO drawdown since its inception was -28.39%, which is greater than ZUQ.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for XUSR.TO and ZUQ.TO.
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Drawdown Indicators
| XUSR.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.39% | -26.94% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.52% | -10.57% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -23.02% | -17.93% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -26.94% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.10% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.60% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 3.26% | +0.57% |
Volatility
XUSR.TO vs. ZUQ.TO - Volatility Comparison
iShares ESG Advanced MSCI USA Index ETF (XUSR.TO) has a higher volatility of 4.94% compared to BMO MSCI USA High Quality Index ETF (ZUQ.TO) at 2.31%. This indicates that XUSR.TO's price experiences larger fluctuations and is considered to be riskier than ZUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUSR.TO | ZUQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.31% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 9.60% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 12.29% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 16.35% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 17.52% | +0.07% |
XUSR.TO vs. ZUQ.TO - Expense Ratio Comparison
XUSR.TO has a 0.23% expense ratio, which is lower than ZUQ.TO's 0.33% expense ratio.
Dividends
XUSR.TO vs. ZUQ.TO - Dividend Comparison
XUSR.TO's dividend yield for the trailing twelve months is around 0.56%, more than ZUQ.TO's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XUSR.TO iShares ESG Advanced MSCI USA Index ETF | 0.56% | 0.67% | 0.68% | 0.93% | 1.01% | 0.65% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZUQ.TO BMO MSCI USA High Quality Index ETF | 0.43% | 0.46% | 0.57% | 0.86% | 0.99% | 0.80% | 0.96% | 0.96% | 1.07% | 1.16% | 1.00% | 0.88% |
Frequently Asked Questions
XUSR.TO and ZUQ.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUSR.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUSR.TO is cheaper with a 0.23% expense ratio, compared with 0.33% for ZUQ.TO.
XUSR.TO is categorized as Large Cap Growth Equities, while ZUQ.TO is Large Cap Blend Equities. XUSR.TO tracks MSCI USA Choice ESG Screened Index, while ZUQ.TO tracks MSCI USA Quality Index. They also come from different issuers: iShares and BMO. Their fees differ too: 0.23% for XUSR.TO and 0.33% for ZUQ.TO.
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