YPLT.NEO vs. ZPH.TO
YPLT.NEO (Palantir (PLTR) Yield Shares Purpose ETF) and ZPH.TO (BMO US Put Write Hedged to CAD ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YPLT.NEO returned -2.88% vs 8.24% for ZPH.TO. At a 0.37 correlation, their price movements are largely independent. YPLT.NEO charges 0.40%/yr vs 0.65%/yr for ZPH.TO.
Performance
YPLT.NEO vs. ZPH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YPLT.NEO achieves a -18.40% return, which is significantly lower than ZPH.TO's 2.35% return.
YPLT.NEO
- 1D
- 5.78%
- 1M
- -1.82%
- 6M
- -18.52%
- YTD
- -18.40%
- 1Y
- -2.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPH.TO
- 1D
- 0.58%
- 1M
- 1.11%
- 6M
- 2.71%
- YTD
- 2.35%
- 1Y
- 8.24%
- 3Y*
- 8.00%
- 5Y*
- 5.78%
- 10Y*
- —
YPLT.NEO vs. ZPH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | -18.40% | 62.74% |
ZPH.TO BMO US Put Write Hedged to CAD ETF | 2.35% | 7.62% |
Correlation
The correlation between YPLT.NEO and ZPH.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.37 |
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Return for Risk
YPLT.NEO vs. ZPH.TO — Risk / Return Rank
YPLT.NEO
ZPH.TO
YPLT.NEO vs. ZPH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) and BMO US Put Write Hedged to CAD ETF (ZPH.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.
| YPLT.NEO | ZPH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.24 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.36 | -1.43 |
| Martin ratioReturn relative to average drawdown | -0.13 | 5.15 | -5.28 |
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Drawdowns
YPLT.NEO vs. ZPH.TO - Drawdown Comparison
The maximum YPLT.NEO drawdown since its inception was -42.43%, which is greater than ZPH.TO's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for YPLT.NEO and ZPH.TO.
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Drawdown Indicators
| YPLT.NEO | ZPH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.43% | -33.38% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -42.43% | -6.07% | -36.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -31.13% | 0.00% | -31.13% |
Average DrawdownAverage peak-to-trough decline | -16.86% | -4.23% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.94% | 1.60% | +20.34% |
Volatility
YPLT.NEO vs. ZPH.TO - Volatility Comparison
Palantir (PLTR) Yield Shares Purpose ETF (YPLT.NEO) has a higher volatility of 18.75% compared to BMO US Put Write Hedged to CAD ETF (ZPH.TO) at 2.42%. This indicates that YPLT.NEO's price experiences larger fluctuations and is considered to be riskier than ZPH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YPLT.NEO | ZPH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.75% | 2.42% | +16.33% |
Volatility (6M)Calculated over the trailing 6-month period | 48.41% | 5.63% | +42.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.95% | 6.55% | +55.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.16% | 11.18% | +57.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.16% | 12.60% | +56.56% |
YPLT.NEO vs. ZPH.TO - Expense Ratio Comparison
YPLT.NEO has a 0.40% expense ratio, which is lower than ZPH.TO's 0.65% expense ratio.
Dividends
YPLT.NEO vs. ZPH.TO - Dividend Comparison
YPLT.NEO's dividend yield for the trailing twelve months is around 55.51%, more than ZPH.TO's 10.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
YPLT.NEO Palantir (PLTR) Yield Shares Purpose ETF | 55.51% | 14.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPH.TO BMO US Put Write Hedged to CAD ETF | 10.35% | 10.06% | 9.95% | 8.18% | 8.83% | 7.27% | 7.67% | 7.26% | 6.98% | 5.94% |
Frequently Asked Questions
YPLT.NEO and ZPH.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YPLT.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YPLT.NEO is cheaper with a 0.40% expense ratio, compared with 0.65% for ZPH.TO.
They also come from different issuers: Purpose and BMO. Their fees differ too: 0.40% for YPLT.NEO and 0.65% for ZPH.TO.
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