ZDV.TO vs. XEI.TO
Compare and contrast key facts about BMO Canadian Dividend ETF (ZDV.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
ZDV.TO and XEI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZDV.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZDV.TO or XEI.TO.
Correlation
The correlation between ZDV.TO and XEI.TO is 0.96, 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
ZDV.TO vs. XEI.TO - Performance Comparison
Key characteristics
ZDV.TO:
2.38
XEI.TO:
2.01
ZDV.TO:
3.34
XEI.TO:
2.82
ZDV.TO:
1.44
XEI.TO:
1.36
ZDV.TO:
3.78
XEI.TO:
2.70
ZDV.TO:
10.50
XEI.TO:
8.57
ZDV.TO:
1.86%
XEI.TO:
2.01%
ZDV.TO:
8.20%
XEI.TO:
8.57%
ZDV.TO:
-43.20%
XEI.TO:
-45.51%
ZDV.TO:
-0.93%
XEI.TO:
-1.89%
Returns By Period
In the year-to-date period, ZDV.TO achieves a 3.03% return, which is significantly higher than XEI.TO's 1.74% return. Both investments have delivered pretty close results over the past 10 years, with ZDV.TO having a 7.26% annualized return and XEI.TO not far behind at 7.23%.
ZDV.TO
3.03%
0.64%
9.30%
19.38%
8.82%
7.26%
XEI.TO
1.74%
-0.54%
7.94%
16.63%
8.72%
7.23%
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ZDV.TO vs. XEI.TO - Expense Ratio Comparison
ZDV.TO has a 0.39% expense ratio, which is higher than XEI.TO's 0.22% expense ratio.
Risk-Adjusted Performance
ZDV.TO vs. XEI.TO — Risk-Adjusted Performance Rank
ZDV.TO
XEI.TO
ZDV.TO vs. XEI.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Canadian Dividend ETF (ZDV.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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
ZDV.TO vs. XEI.TO - Dividend Comparison
ZDV.TO's dividend yield for the trailing twelve months is around 3.72%, less than XEI.TO's 5.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZDV.TO BMO Canadian Dividend ETF | 3.72% | 3.82% | 4.39% | 4.38% | 3.88% | 4.79% | 4.39% | 5.41% | 4.24% | 4.11% | 4.95% | 4.28% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.45% | 5.56% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% |
Drawdowns
ZDV.TO vs. XEI.TO - Drawdown Comparison
The maximum ZDV.TO drawdown since its inception was -43.20%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for ZDV.TO and XEI.TO. For additional features, visit the drawdowns tool.
Volatility
ZDV.TO vs. XEI.TO - Volatility Comparison
The current volatility for BMO Canadian Dividend ETF (ZDV.TO) is 2.26%, while iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a volatility of 2.80%. This indicates that ZDV.TO experiences smaller price fluctuations and is considered to be less risky than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.