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XWD.TO vs. ZGQ.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XWD.TO vs. ZGQ.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI World Index ETF (XWD.TO) and BMO MSCI All Country World High Quality Index ETF (ZGQ.TO).

XWD.TO and ZGQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XWD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jun 18, 2009. ZGQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI All Country World High Quality Index. It was launched on Nov 5, 2014. Both XWD.TO and ZGQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XWD.TO vs. ZGQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI World Index ETF (XWD.TO) and BMO MSCI All Country World High Quality Index ETF (ZGQ.TO). The values are adjusted to include any dividend payments, if applicable.

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XWD.TO vs. ZGQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XWD.TO
iShares MSCI World Index ETF		-1.72%15.25%28.07%20.32%-11.57%21.87%11.41%21.44%-1.52%14.42%
ZGQ.TO
BMO MSCI All Country World High Quality Index ETF		-0.57%8.04%29.47%29.38%-18.76%21.44%22.41%28.91%-0.12%19.54%

Returns By Period

In the year-to-date period, XWD.TO achieves a -1.72% return, which is significantly lower than ZGQ.TO's -0.57% return. Over the past 10 years, XWD.TO has underperformed ZGQ.TO with an annualized return of 12.26%, while ZGQ.TO has yielded a comparatively higher 13.59% annualized return.

XWD.TO

1D
2.82%
1M
-4.01%
YTD
-1.72%
6M
-0.04%
1Y
14.90%
3Y*
17.56%
5Y*
12.37%
10Y*
12.26%

ZGQ.TO

1D
3.28%
1M
-5.25%
YTD
-0.57%
6M
-0.85%
1Y
11.72%
3Y*
17.59%
5Y*
11.39%
10Y*
13.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Index ETF

BMO MSCI All Country World High Quality Index ETF

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Often compared with ZGQ.TO:
ZGQ.TO vs. XEQT.TOZGQ.TO vs. ZUQ.TOZGQ.TO vs. VFV.TOZGQ.TO vs. XAW.TOZGQ.TO vs. ZNQ.TOZGQ.TO vs. VOOZGQ.TO vs. VT

XWD.TO vs. ZGQ.TO - Expense Ratio Comparison

XWD.TO has a 0.48% expense ratio, which is lower than ZGQ.TO's 0.50% expense ratio.

ZGQ.TO
BMO MSCI All Country World High Quality Index ETF
XWD.TO
iShares MSCI World Index ETF

Return for Risk

XWD.TO vs. ZGQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XWD.TO
XWD.TO Risk / Return Rank: 5555
Overall Rank
XWD.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
XWD.TO Sortino Ratio Rank: 5151
Sortino Ratio Rank
XWD.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XWD.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XWD.TO Martin Ratio Rank: 6060
Martin Ratio Rank
ZGQ.TO
ZGQ.TO Risk / Return Rank: 4242
Overall Rank
ZGQ.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
ZGQ.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
ZGQ.TO Omega Ratio Rank: 3939
Omega Ratio Rank
ZGQ.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
ZGQ.TO Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XWD.TO vs. ZGQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Index ETF (XWD.TO) and BMO MSCI All Country World High Quality Index ETF (ZGQ.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.

XWD.TOZGQ.TODifference

Sharpe ratio

Return per unit of total volatility

0.87

0.65

+0.23

Sortino ratio

Return per unit of downside risk

1.28

1.01

+0.27

Omega ratio

Gain probability vs. loss probability

1.20

1.15

+0.05

Calmar ratio

Return relative to maximum drawdown

1.29

1.11

+0.18

Martin ratio

Return relative to average drawdown

5.51

4.24

+1.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWD.TO vs. ZGQ.TO - Sharpe Ratio Comparison

The current XWD.TO Sharpe Ratio is 0.87, which is higher than the ZGQ.TO Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of XWD.TO and ZGQ.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XWD.TOZGQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

0.65

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.73

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.85

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.86

-0.01

Correlation

The correlation between XWD.TO and ZGQ.TO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XWD.TO vs. ZGQ.TO - Dividend Comparison

XWD.TO's dividend yield for the trailing twelve months is around 1.35%, more than ZGQ.TO's 0.56% yield.

TTM20252024202320222021202020192018201720162015
XWD.TO
iShares MSCI World Index ETF		1.35%1.33%1.19%1.39%1.36%1.21%1.06%1.77%1.94%1.63%1.83%1.84%
ZGQ.TO
BMO MSCI All Country World High Quality Index ETF		0.56%0.60%0.90%1.33%1.34%0.86%0.99%1.10%1.51%1.09%1.35%1.03%

Drawdowns

XWD.TO vs. ZGQ.TO - Drawdown Comparison

The maximum XWD.TO drawdown since its inception was -27.48%, roughly equal to the maximum ZGQ.TO drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for XWD.TO and ZGQ.TO.

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Drawdown Indicators

XWD.TOZGQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.48%

-26.68%

-0.80%

Max Drawdown (1Y)

Largest decline over 1 year

-12.14%

-11.28%

-0.86%

Max Drawdown (5Y)

Largest decline over 5 years

-21.40%

-26.68%

+5.28%

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

-26.68%

-0.80%

Current Drawdown

Current decline from peak

-5.05%

-6.25%

+1.20%

Average Drawdown

Average peak-to-trough decline

-3.52%

-4.54%

+1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.95%

-0.11%

Volatility

XWD.TO vs. ZGQ.TO - Volatility Comparison

The current volatility for iShares MSCI World Index ETF (XWD.TO) is 5.62%, while BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) has a volatility of 6.62%. This indicates that XWD.TO experiences smaller price fluctuations and is considered to be less risky than ZGQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XWD.TOZGQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.62%

6.62%

-1.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.28%

11.22%

-1.94%

Volatility (1Y)

Calculated over the trailing 1-year period

17.14%

18.19%

-1.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.66%

15.72%

-2.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.34%

16.07%

-0.73%