ZCOM.NEO vs. CASV.TO

Last updated Jul 11, 2026

ZCOM.NEO (BMO Broad Commodity ETF (CAD Units)) and CASV.TO (Avantis CIBC Global Small Cap Value ETF) are both exchange-traded funds - ZCOM.NEO is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while CASV.TO is a Small Cap Value Equities fund actively managed by Avantis. ZCOM.NEO is passively managed, while CASV.TO is actively managed. At a correlation of -0.11, they often move in opposite directions. ZCOM.NEO charges 0.30%/yr vs 0.39%/yr for CASV.TO.

Performance

ZCOM.NEO vs. CASV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Broad Commodity ETF (CAD Units) (ZCOM.NEO) and Avantis CIBC Global Small Cap Value ETF (CASV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZCOM.NEO

• 1D: -0.03%
• 1M: -1.15%
• 6M: 17.11%
• YTD: 21.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CASV.TO

• 1D: 0.54%
• 1M: 0.99%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZCOM.NEO vs. CASV.TO - Yearly Performance Comparison

	2026 (YTD)
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	1.23%
CASV.TO Avantis CIBC Global Small Cap Value ETF	13.42%

Correlation

The correlation between ZCOM.NEO and CASV.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	-0.11

Return for Risk

ZCOM.NEO vs. CASV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Broad Commodity ETF (CAD Units) (ZCOM.NEO) and Avantis CIBC Global Small Cap Value ETF (CASV.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ZCOM.NEO vs. CASV.TO - Drawdown Comparison

The maximum ZCOM.NEO drawdown since its inception was -11.54%, which is greater than CASV.TO's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for ZCOM.NEO and CASV.TO.

Drawdown Indicators

	ZCOM.NEO	CASV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-3.70%	-7.84%
Current Drawdown Current decline from peak	-7.98%	-2.31%	-5.67%
Average Drawdown Average peak-to-trough decline	-2.75%	-1.01%	-1.74%

Volatility

Volatility by Period

	ZCOM.NEO	CASV.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.06%	15.96%	+6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	15.96%	+6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.06%	15.96%	+6.10%

ZCOM.NEO vs. CASV.TO - Expense Ratio Comparison

ZCOM.NEO has a 0.30% expense ratio, which is lower than CASV.TO's 0.39% expense ratio.

Dividends

ZCOM.NEO vs. CASV.TO - Dividend Comparison

ZCOM.NEO's dividend yield for the trailing twelve months is around 6.05%, while CASV.TO has not paid dividends to shareholders.

Position	TTM	2025
CASV.TO Avantis CIBC Global Small Cap Value ETF	0.00%	0.00%
ZCOM.NEO BMO Broad Commodity ETF (CAD Units)	6.05%	2.09%

Frequently Asked Questions

Can I hold both ZCOM.NEO and CASV.TO in my portfolio?

ZCOM.NEO and CASV.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZCOM.NEO or CASV.TO?

On fees, ZCOM.NEO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZCOM.NEO or CASV.TO?

ZCOM.NEO is cheaper with a 0.30% expense ratio, compared with 0.39% for CASV.TO.

What is the main difference between ZCOM.NEO and CASV.TO?

ZCOM.NEO is categorized as Commodities, while CASV.TO is Small Cap Value Equities. They also come from different issuers: BMO and Avantis. Their fees differ too: 0.30% for ZCOM.NEO and 0.39% for CASV.TO.