ZCH.TO vs. XIEE.DE
ZCH.TO (BMO MSCI China ESG Leaders Index ETF) and XIEE.DE (Xtrackers MSCI Europe UCITS ETF) are both exchange-traded funds - ZCH.TO is a China Equities fund tracking the MSCI China ESG Leaders Index, while XIEE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, ZCH.TO returned 1.75%/yr vs 10.16%/yr for XIEE.DE. At a 0.32 correlation, their price movements are largely independent. ZCH.TO charges 0.67%/yr vs 0.12%/yr for XIEE.DE.
Performance
ZCH.TO vs. XIEE.DE - Performance Comparison
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Different Trading Currencies
ZCH.TO is traded in CAD, while XIEE.DE is traded in EUR. To make them comparable, the XIEE.DE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZCH.TO achieves a -9.03% return, which is significantly lower than XIEE.DE's 7.28% return. Over the past 10 years, ZCH.TO has underperformed XIEE.DE with an annualized return of 1.75%, while XIEE.DE has yielded a comparatively higher 10.16% annualized return.
ZCH.TO
- 1D
- -2.32%
- 1M
- -0.59%
- YTD
- -9.03%
- 6M
- -12.83%
- 1Y
- 5.31%
- 3Y*
- 11.03%
- 5Y*
- -6.68%
- 10Y*
- 1.75%
XIEE.DE
- 1D
- -0.56%
- 1M
- 5.07%
- YTD
- 7.28%
- 6M
- 8.76%
- 1Y
- 19.92%
- 3Y*
- 17.76%
- 5Y*
- 11.93%
- 10Y*
- 10.16%
ZCH.TO vs. XIEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZCH.TO BMO MSCI China ESG Leaders Index ETF | -9.03% | 33.25% | 25.33% | -11.83% | -23.85% | -41.03% | 37.62% | 17.26% | -16.63% | 37.66% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.28% | 29.63% | 10.44% | 16.75% | -8.73% | 14.97% | 3.76% | 19.90% | -8.08% | 17.84% |
Correlation
The correlation between ZCH.TO and XIEE.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2015 | 0.32 |
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Return for Risk
ZCH.TO vs. XIEE.DE — Risk / Return Rank
ZCH.TO
XIEE.DE
ZCH.TO vs. XIEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI China ESG Leaders Index ETF (ZCH.TO) and Xtrackers MSCI Europe UCITS ETF (XIEE.DE). 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.
| ZCH.TO | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.26 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 1.78 | -1.55 |
| Martin ratioReturn relative to average drawdown | 0.45 | 6.77 | -6.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZCH.TO | XIEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.42 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.78 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.66 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.59 | -0.47 |
Drawdowns
ZCH.TO vs. XIEE.DE - Drawdown Comparison
The maximum ZCH.TO drawdown since its inception was -73.84%, which is greater than XIEE.DE's maximum drawdown of -29.71%. Use the drawdown chart below to compare losses from any high point for ZCH.TO and XIEE.DE.
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Drawdown Indicators
| ZCH.TO | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.84% | -29.71% | -44.13% |
Max Drawdown (1Y)Largest decline over 1 year | -23.50% | -11.14% | -12.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.64% | -16.28% | -9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -63.44% | -25.59% | -37.85% |
Max Drawdown (10Y)Largest decline over 10 years | -73.84% | -29.71% | -44.13% |
Current DrawdownCurrent decline from peak | -52.00% | -1.86% | -50.14% |
Average DrawdownAverage peak-to-trough decline | -26.62% | -4.99% | -21.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 2.94% | +8.88% |
Volatility
ZCH.TO vs. XIEE.DE - Volatility Comparison
BMO MSCI China ESG Leaders Index ETF (ZCH.TO) has a higher volatility of 8.06% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 5.30%. This indicates that ZCH.TO's price experiences larger fluctuations and is considered to be riskier than XIEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZCH.TO | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 5.30% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 11.52% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.12% | 14.02% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.81% | 15.04% | +17.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.56% | 15.40% | +13.16% |
ZCH.TO vs. XIEE.DE - Expense Ratio Comparison
ZCH.TO has a 0.67% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio.
Dividends
ZCH.TO vs. XIEE.DE - Dividend Comparison
ZCH.TO's dividend yield for the trailing twelve months is around 1.40%, less than XIEE.DE's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.45% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% | 0.00% |
ZCH.TO BMO MSCI China ESG Leaders Index ETF | 1.40% | 1.28% | 2.22% | 3.96% | 1.21% | 0.00% | 0.51% | 1.18% | 1.32% | 0.56% | 1.65% | 0.81% |
Frequently Asked Questions
ZCH.TO and XIEE.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.67% for ZCH.TO.
ZCH.TO is categorized as China Equities, while XIEE.DE is Europe Equities. ZCH.TO tracks MSCI China ESG Leaders Index, while XIEE.DE tracks MSCI Europe. They also come from different issuers: BMO and Xtrackers. Their fees differ too: 0.67% for ZCH.TO and 0.12% for XIEE.DE.
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