ZAG.TO vs. GEQT.TO
Compare and contrast key facts about BMO Aggregate Bond Index ETF (ZAG.TO) and iShares ESG Equity ETF Portfolio (GEQT.TO).
ZAG.TO and GEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010. GEQT.TO is an actively managed fund by iShares. It was launched on Sep 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZAG.TO or GEQT.TO.
Key characteristics
| ZAG.TO | GEQT.TO | |
|---|---|---|
| YTD Return | 3.51% | 28.22% |
| 1Y Return | 9.84% | 37.35% |
| 3Y Return (Ann) | -0.10% | 9.94% |
| Sharpe Ratio | 1.65 | 3.36 |
| Sortino Ratio | 2.46 | 4.57 |
| Omega Ratio | 1.29 | 1.67 |
| Calmar Ratio | 0.70 | 5.86 |
| Martin Ratio | 5.70 | 26.84 |
| Ulcer Index | 1.76% | 1.45% |
| Daily Std Dev | 6.06% | 11.60% |
| Max Drawdown | -18.03% | -23.64% |
| Current Drawdown | -5.77% | 0.00% |
Correlation
The correlation between ZAG.TO and GEQT.TO is 0.52, 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
ZAG.TO vs. GEQT.TO - Performance Comparison
In the year-to-date period, ZAG.TO achieves a 3.51% return, which is significantly lower than GEQT.TO's 28.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZAG.TO vs. GEQT.TO - Expense Ratio Comparison
ZAG.TO has a 0.09% expense ratio, which is lower than GEQT.TO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZAG.TO vs. GEQT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Aggregate Bond Index ETF (ZAG.TO) and iShares ESG Equity ETF Portfolio (GEQT.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
ZAG.TO vs. GEQT.TO - Dividend Comparison
ZAG.TO's dividend yield for the trailing twelve months is around 3.45%, more than GEQT.TO's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZAG.TO BMO Aggregate Bond Index ETF | 3.45% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% | 3.63% |
GEQT.TO iShares ESG Equity ETF Portfolio | 1.33% | 1.58% | 1.82% | 1.32% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZAG.TO vs. GEQT.TO - Drawdown Comparison
The maximum ZAG.TO drawdown since its inception was -18.03%, smaller than the maximum GEQT.TO drawdown of -23.64%. Use the drawdown chart below to compare losses from any high point for ZAG.TO and GEQT.TO. For additional features, visit the drawdowns tool.
Volatility
ZAG.TO vs. GEQT.TO - Volatility Comparison
The current volatility for BMO Aggregate Bond Index ETF (ZAG.TO) is 2.40%, while iShares ESG Equity ETF Portfolio (GEQT.TO) has a volatility of 3.47%. This indicates that ZAG.TO experiences smaller price fluctuations and is considered to be less risky than GEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.