ZEA.TO vs. DGRO
Compare and contrast key facts about BMO MSCI EAFE Index ETF (ZEA.TO) and iShares Core Dividend Growth ETF (DGRO).
ZEA.TO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEA.TO is a passively managed fund by BMO that tracks the performance of the MSCI EAFE Index. It was launched on Feb 10, 2014. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both ZEA.TO and DGRO 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: ZEA.TO or DGRO.
Key characteristics
| ZEA.TO | DGRO | |
|---|---|---|
| YTD Return | 12.13% | 16.47% |
| 1Y Return | 18.91% | 23.34% |
| 3Y Return (Ann) | 5.71% | 8.98% |
| 5Y Return (Ann) | 7.85% | 12.27% |
| 10Y Return (Ann) | 7.36% | 11.87% |
| Sharpe Ratio | 1.83 | 2.27 |
| Daily Std Dev | 10.24% | 10.16% |
| Max Drawdown | -27.80% | -35.10% |
| Current Drawdown | -1.06% | -0.26% |
Correlation
The correlation between ZEA.TO and DGRO is 0.66, 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
ZEA.TO vs. DGRO - Performance Comparison
In the year-to-date period, ZEA.TO achieves a 12.13% return, which is significantly lower than DGRO's 16.47% return. Over the past 10 years, ZEA.TO has underperformed DGRO with an annualized return of 7.36%, while DGRO has yielded a comparatively higher 11.87% annualized 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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ZEA.TO vs. DGRO - Expense Ratio Comparison
ZEA.TO has a 0.22% expense ratio, which is higher than DGRO's 0.08% 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
ZEA.TO vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI EAFE Index ETF (ZEA.TO) and iShares Core Dividend Growth ETF (DGRO). 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
ZEA.TO vs. DGRO - Dividend Comparison
ZEA.TO's dividend yield for the trailing twelve months is around 2.73%, more than DGRO's 2.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZEA.TO BMO MSCI EAFE Index ETF | 2.73% | 3.02% | 3.08% | 2.49% | 2.74% | 2.95% | 3.05% | 2.40% | 2.80% | 2.43% | 2.37% |
DGRO iShares Core Dividend Growth ETF | 2.20% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
Drawdowns
ZEA.TO vs. DGRO - Drawdown Comparison
The maximum ZEA.TO drawdown since its inception was -27.80%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ZEA.TO and DGRO. For additional features, visit the drawdowns tool.
Volatility
ZEA.TO vs. DGRO - Volatility Comparison
BMO MSCI EAFE Index ETF (ZEA.TO) has a higher volatility of 4.02% compared to iShares Core Dividend Growth ETF (DGRO) at 2.67%. This indicates that ZEA.TO's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.