ZCN.TO vs. ZSP.TO
Compare and contrast key facts about BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) and BMO S&P 500 Index ETF (ZSP.TO).
ZCN.TO and ZSP.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. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012. Both ZCN.TO and ZSP.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 ZSP.TO.
Key characteristics
| ZCN.TO | ZSP.TO | |
|---|---|---|
| YTD Return | 22.30% | 33.74% |
| 1Y Return | 28.59% | 37.61% |
| 3Y Return (Ann) | 8.01% | 13.99% |
| 5Y Return (Ann) | 11.40% | 16.80% |
| 10Y Return (Ann) | 8.64% | 15.59% |
| Sharpe Ratio | 3.00 | 3.56 |
| Sortino Ratio | 4.12 | 4.93 |
| Omega Ratio | 1.56 | 1.69 |
| Calmar Ratio | 5.75 | 5.08 |
| Martin Ratio | 22.33 | 25.03 |
| Ulcer Index | 1.38% | 1.57% |
| Daily Std Dev | 10.25% | 11.02% |
| Max Drawdown | -37.18% | -26.94% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ZCN.TO and ZSP.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. ZSP.TO - Performance Comparison
In the year-to-date period, ZCN.TO achieves a 22.30% return, which is significantly lower than ZSP.TO's 33.74% return. Over the past 10 years, ZCN.TO has underperformed ZSP.TO with an annualized return of 8.64%, while ZSP.TO has yielded a comparatively higher 15.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZCN.TO vs. ZSP.TO - Expense Ratio Comparison
ZCN.TO has a 0.06% expense ratio, which is lower than ZSP.TO's 0.09% 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. ZSP.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 BMO S&P 500 Index ETF (ZSP.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. ZSP.TO - Dividend Comparison
ZCN.TO's dividend yield for the trailing twelve months is around 2.75%, more than ZSP.TO's 0.97% 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% |
ZSP.TO BMO S&P 500 Index ETF | 0.97% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
Drawdowns
ZCN.TO vs. ZSP.TO - Drawdown Comparison
The maximum ZCN.TO drawdown since its inception was -37.18%, which is greater than ZSP.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for ZCN.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
ZCN.TO vs. ZSP.TO - Volatility Comparison
The current volatility for BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) is 3.01%, while BMO S&P 500 Index ETF (ZSP.TO) has a volatility of 3.77%. This indicates that ZCN.TO experiences smaller price fluctuations and is considered to be less risky than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.