Correlation
The correlation between ZBAL.TO and VGRO.TO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ZBAL.TO vs. VGRO.TO
Compare and contrast key facts about BMO Balanced ETF (ZBAL.TO) and Vanguard Growth ETF Portfolio (VGRO.TO).
ZBAL.TO and VGRO.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. VGRO.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZBAL.TO or VGRO.TO.
Performance
ZBAL.TO vs. VGRO.TO - Performance Comparison
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Key characteristics
ZBAL.TO:
1.23
VGRO.TO:
1.04
ZBAL.TO:
1.73
VGRO.TO:
1.47
ZBAL.TO:
1.26
VGRO.TO:
1.22
ZBAL.TO:
1.27
VGRO.TO:
1.07
ZBAL.TO:
5.48
VGRO.TO:
4.54
ZBAL.TO:
2.18%
VGRO.TO:
2.95%
ZBAL.TO:
9.66%
VGRO.TO:
12.81%
ZBAL.TO:
-20.75%
VGRO.TO:
-25.36%
ZBAL.TO:
-1.25%
VGRO.TO:
-1.78%
Returns By Period
In the year-to-date period, ZBAL.TO achieves a 1.62% return, which is significantly lower than VGRO.TO's 2.08% return.
ZBAL.TO
1.62%
3.22%
0.40%
11.85%
9.42%
7.73%
N/A
VGRO.TO
2.08%
4.22%
-0.09%
13.27%
11.22%
10.38%
N/A
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ZBAL.TO vs. VGRO.TO - Expense Ratio Comparison
ZBAL.TO has a 0.18% expense ratio, which is lower than VGRO.TO's 0.24% 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. VGRO.TO — Risk-Adjusted Performance Rank
ZBAL.TO
VGRO.TO
ZBAL.TO vs. VGRO.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Balanced ETF (ZBAL.TO) and Vanguard Growth ETF Portfolio (VGRO.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.
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Dividends
ZBAL.TO vs. VGRO.TO - Dividend Comparison
ZBAL.TO's dividend yield for the trailing twelve months is around 2.16%, more than VGRO.TO's 1.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
ZBAL.TO BMO Balanced ETF | 2.16% | 2.18% | 2.48% | 2.72% | 2.35% | 2.53% | 2.38% | 0.00% |
VGRO.TO Vanguard Growth ETF Portfolio | 1.87% | 2.02% | 2.15% | 2.16% | 1.81% | 1.78% | 2.19% | 2.10% |
Drawdowns
ZBAL.TO vs. VGRO.TO - Drawdown Comparison
The maximum ZBAL.TO drawdown since its inception was -20.75%, smaller than the maximum VGRO.TO drawdown of -25.36%. Use the drawdown chart below to compare losses from any high point for ZBAL.TO and VGRO.TO.
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Volatility
ZBAL.TO vs. VGRO.TO - Volatility Comparison
The current volatility for BMO Balanced ETF (ZBAL.TO) is 2.45%, while Vanguard Growth ETF Portfolio (VGRO.TO) has a volatility of 3.05%. This indicates that ZBAL.TO experiences smaller price fluctuations and is considered to be less risky than VGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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