ZCN.TO vs. XUU.TO
Compare and contrast key facts about BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) and iShares Core S&P U.S. Total Market Index ETF (XUU.TO).
ZCN.TO and XUU.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. XUU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Feb 10, 2015. Both ZCN.TO and XUU.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 XUU.TO.
Key characteristics
| ZCN.TO | XUU.TO | |
|---|---|---|
| YTD Return | 7.37% | 13.10% |
| 1Y Return | 11.89% | 30.05% |
| 3Y Return (Ann) | 7.99% | 12.53% |
| 5Y Return (Ann) | 9.62% | 13.94% |
| Sharpe Ratio | 1.11 | 2.91 |
| Daily Std Dev | 11.24% | 10.22% |
| Max Drawdown | -37.18% | -28.22% |
| Current Drawdown | -0.47% | 0.00% |
Correlation
The correlation between ZCN.TO and XUU.TO is 0.72, 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.
Performance
ZCN.TO vs. XUU.TO - Performance Comparison
In the year-to-date period, ZCN.TO achieves a 7.37% return, which is significantly lower than XUU.TO's 13.10% return. 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. XUU.TO - Expense Ratio Comparison
ZCN.TO has a 0.06% expense ratio, which is lower than XUU.TO's 0.07% 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
ZCN.TO vs. XUU.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 Core S&P U.S. Total Market Index ETF (XUU.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. XUU.TO - Dividend Comparison
ZCN.TO's dividend yield for the trailing twelve months is around 3.08%, more than XUU.TO's 1.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 3.08% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
XUU.TO iShares Core S&P U.S. Total Market Index ETF | 1.04% | 1.22% | 1.38% | 1.01% | 1.33% | 1.68% | 1.73% | 1.49% | 1.65% | 1.52% | 0.00% | 0.00% |
Drawdowns
ZCN.TO vs. XUU.TO - Drawdown Comparison
The maximum ZCN.TO drawdown since its inception was -37.18%, which is greater than XUU.TO's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for ZCN.TO and XUU.TO. For additional features, visit the drawdowns tool.
Volatility
ZCN.TO vs. XUU.TO - Volatility Comparison
BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) has a higher volatility of 3.55% compared to iShares Core S&P U.S. Total Market Index ETF (XUU.TO) at 3.33%. This indicates that ZCN.TO's price experiences larger fluctuations and is considered to be riskier than XUU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.