ZAG.TO vs. VEA
Compare and contrast key facts about BMO Aggregate Bond Index ETF (ZAG.TO) and Vanguard FTSE Developed Markets ETF (VEA).
ZAG.TO and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both ZAG.TO and VEA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZAG.TO or VEA.
Key characteristics
| ZAG.TO | VEA | |
|---|---|---|
| YTD Return | 3.95% | 6.79% |
| 1Y Return | 10.48% | 18.86% |
| 3Y Return (Ann) | -0.17% | 1.54% |
| 5Y Return (Ann) | 0.70% | 6.20% |
| 10Y Return (Ann) | 2.04% | 5.52% |
| Sharpe Ratio | 1.55 | 1.45 |
| Sortino Ratio | 2.29 | 2.05 |
| Omega Ratio | 1.27 | 1.26 |
| Calmar Ratio | 0.66 | 1.49 |
| Martin Ratio | 5.41 | 8.01 |
| Ulcer Index | 1.75% | 2.35% |
| Daily Std Dev | 6.13% | 12.99% |
| Max Drawdown | -18.03% | -60.70% |
| Current Drawdown | -5.36% | -5.74% |
Correlation
The correlation between ZAG.TO and VEA is 0.45, 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. VEA - Performance Comparison
In the year-to-date period, ZAG.TO achieves a 3.95% return, which is significantly lower than VEA's 6.79% return. Over the past 10 years, ZAG.TO has underperformed VEA with an annualized return of 2.04%, while VEA has yielded a comparatively higher 5.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZAG.TO vs. VEA - Expense Ratio Comparison
ZAG.TO has a 0.09% expense ratio, which is higher than VEA's 0.05% expense ratio. However, 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. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Aggregate Bond Index ETF (ZAG.TO) and Vanguard FTSE Developed Markets ETF (VEA). 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. VEA - Dividend Comparison
ZAG.TO's dividend yield for the trailing twelve months is around 3.44%, more than VEA's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZAG.TO BMO Aggregate Bond Index ETF | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% | 3.63% |
VEA Vanguard FTSE Developed Markets ETF | 2.99% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
ZAG.TO vs. VEA - Drawdown Comparison
The maximum ZAG.TO drawdown since its inception was -18.03%, smaller than the maximum VEA drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for ZAG.TO and VEA. For additional features, visit the drawdowns tool.
Volatility
ZAG.TO vs. VEA - Volatility Comparison
The current volatility for BMO Aggregate Bond Index ETF (ZAG.TO) is 2.35%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 3.75%. This indicates that ZAG.TO experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.