ZEA.TO vs. HXQ.TO
Compare and contrast key facts about BMO MSCI EAFE Index ETF (ZEA.TO) and Horizons NASDAQ-100 Index ETF (HXQ.TO).
ZEA.TO and HXQ.TO 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. HXQ.TO is a passively managed fund by Horizons that tracks the performance of the NASDAQ-100 Index. It was launched on Apr 19, 2016. Both ZEA.TO and HXQ.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: ZEA.TO or HXQ.TO.
Key characteristics
| ZEA.TO | HXQ.TO | |
|---|---|---|
| YTD Return | 11.68% | 32.09% |
| 1Y Return | 18.99% | 37.65% |
| 3Y Return (Ann) | 5.74% | 13.63% |
| 5Y Return (Ann) | 6.99% | 22.48% |
| Sharpe Ratio | 1.90 | 2.44 |
| Sortino Ratio | 2.66 | 3.27 |
| Omega Ratio | 1.33 | 1.43 |
| Calmar Ratio | 3.12 | 3.16 |
| Martin Ratio | 12.64 | 11.46 |
| Ulcer Index | 1.55% | 3.54% |
| Daily Std Dev | 10.37% | 16.52% |
| Max Drawdown | -27.80% | -31.60% |
| Current Drawdown | -2.77% | 0.00% |
Correlation
The correlation between ZEA.TO and HXQ.TO is 0.65, 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. HXQ.TO - Performance Comparison
In the year-to-date period, ZEA.TO achieves a 11.68% return, which is significantly lower than HXQ.TO's 32.09% 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. HXQ.TO - Expense Ratio Comparison
ZEA.TO has a 0.22% expense ratio, which is lower than HXQ.TO's 0.25% 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
ZEA.TO vs. HXQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI EAFE Index ETF (ZEA.TO) and Horizons NASDAQ-100 Index ETF (HXQ.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
ZEA.TO vs. HXQ.TO - Dividend Comparison
ZEA.TO's dividend yield for the trailing twelve months is around 2.76%, while HXQ.TO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZEA.TO BMO MSCI EAFE Index ETF | 2.76% | 3.02% | 3.08% | 2.49% | 2.74% | 2.95% | 3.05% | 2.40% | 2.80% | 2.43% | 2.37% |
HXQ.TO Horizons NASDAQ-100 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZEA.TO vs. HXQ.TO - Drawdown Comparison
The maximum ZEA.TO drawdown since its inception was -27.80%, smaller than the maximum HXQ.TO drawdown of -31.60%. Use the drawdown chart below to compare losses from any high point for ZEA.TO and HXQ.TO. For additional features, visit the drawdowns tool.
Volatility
ZEA.TO vs. HXQ.TO - Volatility Comparison
The current volatility for BMO MSCI EAFE Index ETF (ZEA.TO) is 3.85%, while Horizons NASDAQ-100 Index ETF (HXQ.TO) has a volatility of 4.96%. This indicates that ZEA.TO experiences smaller price fluctuations and is considered to be less risky than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.