ZACE.TO vs. ZSP.TO
Compare and contrast key facts about BMO U.S. All Cap Equity Fund (ZACE.TO) and BMO S&P 500 Index ETF (ZSP.TO).
ZACE.TO and ZSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZACE.TO or ZSP.TO.
Correlation
The correlation between ZACE.TO and ZSP.TO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZACE.TO vs. ZSP.TO - Performance Comparison
Key characteristics
ZACE.TO:
2.84
ZSP.TO:
2.54
ZACE.TO:
4.27
ZSP.TO:
3.53
ZACE.TO:
1.56
ZSP.TO:
1.47
ZACE.TO:
4.92
ZSP.TO:
3.92
ZACE.TO:
19.68
ZSP.TO:
17.92
ZACE.TO:
1.71%
ZSP.TO:
1.69%
ZACE.TO:
11.83%
ZSP.TO:
11.92%
ZACE.TO:
-26.02%
ZSP.TO:
-26.94%
ZACE.TO:
-1.84%
ZSP.TO:
-1.30%
Returns By Period
The year-to-date returns for both stocks are quite close, with ZACE.TO having a 2.84% return and ZSP.TO slightly lower at 2.74%.
ZACE.TO
2.84%
0.14%
17.06%
34.29%
N/A
N/A
ZSP.TO
2.74%
0.11%
14.95%
30.23%
15.98%
14.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZACE.TO vs. ZSP.TO - Expense Ratio Comparison
Risk-Adjusted Performance
ZACE.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
ZACE.TO
ZSP.TO
ZACE.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO U.S. All Cap Equity Fund (ZACE.TO) and BMO S&P 500 Index ETF (ZSP.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.
Dividends
ZACE.TO vs. ZSP.TO - Dividend Comparison
ZACE.TO has not paid dividends to shareholders, while ZSP.TO's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZACE.TO BMO U.S. All Cap Equity Fund | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.92% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
ZACE.TO vs. ZSP.TO - Drawdown Comparison
The maximum ZACE.TO drawdown since its inception was -26.02%, roughly equal to the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for ZACE.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
ZACE.TO vs. ZSP.TO - Volatility Comparison
BMO U.S. All Cap Equity Fund (ZACE.TO) and BMO S&P 500 Index ETF (ZSP.TO) have volatilities of 2.86% and 2.78%, 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.