ZCN.TO vs. XID.TO
Compare and contrast key facts about BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) and iShares India Index ETF (XID.TO).
ZCN.TO and XID.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XID.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Jan 21, 2010. Both ZCN.TO and XID.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZCN.TO or XID.TO.
Key characteristics
| ZCN.TO | XID.TO | |
|---|---|---|
| YTD Return | 22.30% | 10.64% |
| 1Y Return | 28.59% | 15.93% |
| 3Y Return (Ann) | 8.01% | 6.08% |
| 5Y Return (Ann) | 11.40% | 9.97% |
| 10Y Return (Ann) | 8.64% | 8.69% |
| Sharpe Ratio | 3.00 | 1.28 |
| Sortino Ratio | 4.12 | 1.72 |
| Omega Ratio | 1.56 | 1.26 |
| Calmar Ratio | 5.75 | 2.56 |
| Martin Ratio | 22.33 | 8.52 |
| Ulcer Index | 1.38% | 1.94% |
| Daily Std Dev | 10.25% | 12.93% |
| Max Drawdown | -37.18% | -42.26% |
| Current Drawdown | 0.00% | -6.45% |
Correlation
The correlation between ZCN.TO and XID.TO is 0.54, 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.
Performance
ZCN.TO vs. XID.TO - Performance Comparison
In the year-to-date period, ZCN.TO achieves a 22.30% return, which is significantly higher than XID.TO's 10.64% return. Both investments have delivered pretty close results over the past 10 years, with ZCN.TO having a 8.64% annualized return and XID.TO not far ahead at 8.69%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZCN.TO vs. XID.TO - Expense Ratio Comparison
ZCN.TO has a 0.06% expense ratio, which is lower than XID.TO's 1.08% expense ratio.
Risk-Adjusted Performance
ZCN.TO vs. XID.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) and iShares India Index ETF (XID.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.
Dividends
ZCN.TO vs. XID.TO - Dividend Comparison
ZCN.TO's dividend yield for the trailing twelve months is around 2.75%, more than XID.TO's 0.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.75% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
XID.TO iShares India Index ETF | 0.35% | 0.42% | 3.45% | 6.82% | 0.03% | 0.43% | 0.39% | 0.16% | 0.36% | 0.36% | 0.35% | 0.56% |
Drawdowns
ZCN.TO vs. XID.TO - Drawdown Comparison
The maximum ZCN.TO drawdown since its inception was -37.18%, smaller than the maximum XID.TO drawdown of -42.26%. Use the drawdown chart below to compare losses from any high point for ZCN.TO and XID.TO. For additional features, visit the drawdowns tool.
Volatility
ZCN.TO vs. XID.TO - Volatility Comparison
The current volatility for BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) is 3.01%, while iShares India Index ETF (XID.TO) has a volatility of 3.17%. This indicates that ZCN.TO experiences smaller price fluctuations and is considered to be less risky than XID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.