EWJV vs. ZCN.TO
Compare and contrast key facts about iShares MSCI Japan Value ETF (EWJV) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
EWJV 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. EWJV is a passively managed fund by iShares that tracks the performance of the MSCI Japan Value Index. It was launched on Mar 5, 2019. 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 EWJV 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWJV or ZCN.TO.
Key characteristics
| EWJV | ZCN.TO | |
|---|---|---|
| YTD Return | 9.87% | 7.34% |
| 1Y Return | 25.13% | 12.46% |
| 3Y Return (Ann) | 7.85% | 7.99% |
| 5Y Return (Ann) | 8.97% | 9.76% |
| Sharpe Ratio | 1.65 | 1.12 |
| Daily Std Dev | 15.31% | 11.26% |
| Max Drawdown | -30.05% | -37.18% |
| Current Drawdown | -4.13% | -0.50% |
Correlation
The correlation between EWJV and ZCN.TO is 0.55, 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
EWJV vs. ZCN.TO - Performance Comparison
In the year-to-date period, EWJV achieves a 9.87% return, which is significantly higher than ZCN.TO's 7.34% 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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EWJV vs. ZCN.TO - Expense Ratio Comparison
EWJV has a 0.15% expense ratio, which is higher than ZCN.TO's 0.06% expense ratio. However, 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
EWJV vs. ZCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) 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.
Dividends
EWJV vs. ZCN.TO - Dividend Comparison
EWJV's dividend yield for the trailing twelve months is around 3.02%, less than ZCN.TO's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 3.02% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 3.09% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% | 2.66% | 3.17% |
Drawdowns
EWJV vs. ZCN.TO - Drawdown Comparison
The maximum EWJV drawdown since its inception was -30.05%, smaller than the maximum ZCN.TO drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for EWJV and ZCN.TO. For additional features, visit the drawdowns tool.
Volatility
EWJV vs. ZCN.TO - Volatility Comparison
iShares MSCI Japan Value ETF (EWJV) has a higher volatility of 4.45% compared to BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) at 3.68%. This indicates that EWJV'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.