Correlation
The correlation between ZBAL.TO and VDY.TO is 0.66, 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.
ZBAL.TO vs. VDY.TO
Compare and contrast key facts about BMO Balanced ETF (ZBAL.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
ZBAL.TO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZBAL.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZBAL.TO or VDY.TO.
Performance
ZBAL.TO vs. VDY.TO - Performance Comparison
Loading data...
Key characteristics
ZBAL.TO:
1.23
VDY.TO:
1.72
ZBAL.TO:
1.73
VDY.TO:
2.39
ZBAL.TO:
1.26
VDY.TO:
1.37
ZBAL.TO:
1.27
VDY.TO:
2.01
ZBAL.TO:
5.48
VDY.TO:
8.59
ZBAL.TO:
2.18%
VDY.TO:
2.54%
ZBAL.TO:
9.66%
VDY.TO:
11.91%
ZBAL.TO:
-20.75%
VDY.TO:
-39.21%
ZBAL.TO:
-1.25%
VDY.TO:
-0.35%
Returns By Period
In the year-to-date period, ZBAL.TO achieves a 1.62% return, which is significantly lower than VDY.TO's 5.55% return.
ZBAL.TO
1.62%
2.82%
0.40%
11.70%
9.42%
7.73%
N/A
VDY.TO
5.55%
4.81%
2.38%
19.26%
8.08%
17.06%
9.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZBAL.TO vs. VDY.TO - Expense Ratio Comparison
ZBAL.TO has a 0.18% expense ratio, which is lower than VDY.TO's 0.22% 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
ZBAL.TO vs. VDY.TO — Risk-Adjusted Performance Rank
ZBAL.TO
VDY.TO
ZBAL.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Balanced ETF (ZBAL.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.
Loading data...
Dividends
ZBAL.TO vs. VDY.TO - Dividend Comparison
ZBAL.TO's dividend yield for the trailing twelve months is around 2.16%, less than VDY.TO's 4.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZBAL.TO BMO Balanced ETF | 2.16% | 2.18% | 2.48% | 2.72% | 2.35% | 2.53% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.00% | 4.40% | 4.63% | 4.42% | 3.57% | 4.59% | 4.24% | 4.43% | 3.82% | 3.24% | 4.11% | 3.24% |
Drawdowns
ZBAL.TO vs. VDY.TO - Drawdown Comparison
The maximum ZBAL.TO drawdown since its inception was -20.75%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for ZBAL.TO and VDY.TO.
Loading data...
Volatility
ZBAL.TO vs. VDY.TO - Volatility Comparison
BMO Balanced ETF (ZBAL.TO) has a higher volatility of 2.45% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 1.77%. This indicates that ZBAL.TO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...