ZCLN.TO vs. ZNQ.TO
Compare and contrast key facts about BMO Clean Energy Index ETF (ZCLN.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO).
ZCLN.TO and ZNQ.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. ZNQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 11, 2019. Both ZCLN.TO and ZNQ.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. ZNQ.TO - Performance Comparison
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ZCLN.TO vs. ZNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZCLN.TO BMO Clean Energy Index ETF | 12.59% | 37.90% | -20.23% | -20.37% | 1.41% | -34.06% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | -4.69% | 14.60% | 35.84% | 51.32% | -28.06% | 20.74% |
Returns By Period
In the year-to-date period, ZCLN.TO achieves a 12.59% return, which is significantly higher than ZNQ.TO's -4.69% return.
ZCLN.TO
- 1D
- 3.39%
- 1M
- 2.58%
- YTD
- 12.59%
- 6M
- 16.82%
- 1Y
- 55.63%
- 3Y*
- -0.61%
- 5Y*
- -2.35%
- 10Y*
- —
ZNQ.TO
- 1D
- 3.23%
- 1M
- -2.99%
- YTD
- -4.69%
- 6M
- -4.08%
- 1Y
- 19.05%
- 3Y*
- 23.10%
- 5Y*
- 14.86%
- 10Y*
- —
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ZCLN.TO vs. ZNQ.TO - Expense Ratio Comparison
Both ZCLN.TO and ZNQ.TO have an expense ratio of 0.39%.
Return for Risk
ZCLN.TO vs. ZNQ.TO — Risk / Return Rank
ZCLN.TO
ZNQ.TO
ZCLN.TO vs. ZNQ.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 NASDAQ 100 Equity Index ETF (ZNQ.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 | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 0.85 | +1.25 |
Sortino ratioReturn per unit of downside risk | 2.77 | 1.30 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 4.23 | 1.49 | +2.74 |
Martin ratioReturn relative to average drawdown | 11.99 | 4.40 | +7.59 |
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 | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.85 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.72 | -0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.89 | -1.18 |
Correlation
The correlation between ZCLN.TO and ZNQ.TO is 0.47, 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. ZNQ.TO - Dividend Comparison
ZCLN.TO's dividend yield for the trailing twelve months is around 1.52%, more than ZNQ.TO's 0.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZCLN.TO BMO Clean Energy Index ETF | 1.52% | 1.71% | 2.13% | 1.37% | 0.93% | 0.83% | 0.00% | 0.00% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.26% | 0.25% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% |
Drawdowns
ZCLN.TO vs. ZNQ.TO - Drawdown Comparison
The maximum ZCLN.TO drawdown since its inception was -61.07%, which is greater than ZNQ.TO's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for ZCLN.TO and ZNQ.TO.
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Drawdown Indicators
| ZCLN.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -32.09% | -28.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -13.03% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -50.26% | -32.09% | -18.17% |
Current DrawdownCurrent decline from peak | -34.06% | -9.67% | -24.39% |
Average DrawdownAverage peak-to-trough decline | -40.99% | -6.76% | -34.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 4.42% | +0.15% |
Volatility
ZCLN.TO vs. ZNQ.TO - Volatility Comparison
BMO Clean Energy Index ETF (ZCLN.TO) has a higher volatility of 10.35% compared to BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) at 6.36%. This indicates that ZCLN.TO's price experiences larger fluctuations and is considered to be riskier than ZNQ.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 | ZNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 6.36% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 12.64% | +8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.67% | 22.57% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 20.84% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 22.46% | +4.48% |