ZCLN.TO vs. ZCN.TO
Compare and contrast key facts about BMO Clean Energy Index ETF (ZCLN.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
ZCLN.TO and ZCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZCLN.TO is a passively managed fund by BMO that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jan 26, 2021. ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009. Both ZCLN.TO and ZCN.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZCLN.TO vs. ZCN.TO - Performance Comparison
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ZCLN.TO vs. ZCN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZCLN.TO BMO Clean Energy Index ETF | 12.88% | 37.90% | -20.23% | -20.37% | 1.41% | -34.06% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 4.54% | 31.51% | 21.64% | 11.63% | -5.84% | 22.39% |
Returns By Period
In the year-to-date period, ZCLN.TO achieves a 12.88% return, which is significantly higher than ZCN.TO's 4.54% return.
ZCLN.TO
- 1D
- 0.26%
- 1M
- 1.09%
- YTD
- 12.88%
- 6M
- 13.39%
- 1Y
- 55.17%
- 3Y*
- -0.52%
- 5Y*
- -2.30%
- 10Y*
- —
ZCN.TO
- 1D
- 0.64%
- 1M
- -4.29%
- YTD
- 4.54%
- 6M
- 10.66%
- 1Y
- 34.87%
- 3Y*
- 21.33%
- 5Y*
- 14.92%
- 10Y*
- 12.66%
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ZCLN.TO vs. ZCN.TO - Expense Ratio Comparison
ZCLN.TO has a 0.39% expense ratio, which is higher than ZCN.TO's 0.06% expense ratio.
Return for Risk
ZCLN.TO vs. ZCN.TO — Risk / Return Rank
ZCLN.TO
ZCN.TO
ZCLN.TO vs. ZCN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Clean Energy Index ETF (ZCLN.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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.
| ZCLN.TO | ZCN.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 2.29 | -0.21 |
Sortino ratioReturn per unit of downside risk | 2.75 | 2.89 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.33 | 3.22 | +1.10 |
Martin ratioReturn relative to average drawdown | 12.26 | 14.47 | -2.21 |
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
| ZCLN.TO | ZCN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.29 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 1.15 | -1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.66 | -0.94 |
Correlation
The correlation between ZCLN.TO and ZCN.TO is 0.49, 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.
Dividends
ZCLN.TO vs. ZCN.TO - Dividend Comparison
ZCLN.TO's dividend yield for the trailing twelve months is around 1.51%, less than ZCN.TO's 2.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZCLN.TO BMO Clean Energy Index ETF | 1.51% | 1.71% | 2.13% | 1.37% | 0.93% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.15% | 2.22% | 2.78% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% |
Drawdowns
ZCLN.TO vs. ZCN.TO - Drawdown Comparison
The maximum ZCLN.TO drawdown since its inception was -61.07%, which is greater than ZCN.TO's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for ZCLN.TO and ZCN.TO.
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Drawdown Indicators
| ZCLN.TO | ZCN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -37.18% | -23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -11.02% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -50.26% | -16.25% | -34.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.18% | — |
Current DrawdownCurrent decline from peak | -33.89% | -4.29% | -29.60% |
Average DrawdownAverage peak-to-trough decline | -40.99% | -4.80% | -36.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 2.46% | +2.11% |
Volatility
ZCLN.TO vs. ZCN.TO - Volatility Comparison
BMO Clean Energy Index ETF (ZCLN.TO) has a higher volatility of 9.49% compared to BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) at 5.62%. This indicates that ZCLN.TO's price experiences larger fluctuations and is considered to be riskier than ZCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZCLN.TO | ZCN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.49% | 5.62% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 21.14% | 10.90% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.66% | 15.29% | +11.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 13.01% | +12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.93% | 14.96% | +11.97% |