ZEA.TO vs. VXC.TO
Compare and contrast key facts about BMO MSCI EAFE Index ETF (ZEA.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO).
ZEA.TO and VXC.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. VXC.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap ex Canada China A Inclusion Index. It was launched on Jun 30, 2014. Both ZEA.TO and VXC.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 VXC.TO.
Key characteristics
| ZEA.TO | VXC.TO | |
|---|---|---|
| YTD Return | 9.61% | 24.67% |
| 1Y Return | 14.61% | 28.93% |
| 3Y Return (Ann) | 5.07% | 9.08% |
| 5Y Return (Ann) | 6.56% | 12.08% |
| 10Y Return (Ann) | 7.19% | 11.43% |
| Sharpe Ratio | 1.56 | 3.09 |
| Sortino Ratio | 2.20 | 4.31 |
| Omega Ratio | 1.27 | 1.58 |
| Calmar Ratio | 2.60 | 4.27 |
| Martin Ratio | 10.21 | 21.30 |
| Ulcer Index | 1.60% | 1.45% |
| Daily Std Dev | 10.49% | 9.98% |
| Max Drawdown | -27.80% | -27.28% |
| Current Drawdown | -4.57% | -0.59% |
Correlation
The correlation between ZEA.TO and VXC.TO is 0.88, 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
ZEA.TO vs. VXC.TO - Performance Comparison
In the year-to-date period, ZEA.TO achieves a 9.61% return, which is significantly lower than VXC.TO's 24.67% return. Over the past 10 years, ZEA.TO has underperformed VXC.TO with an annualized return of 7.19%, while VXC.TO has yielded a comparatively higher 11.43% 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. VXC.TO - Expense Ratio Comparison
Both ZEA.TO and VXC.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZEA.TO vs. VXC.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI EAFE Index ETF (ZEA.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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. VXC.TO - Dividend Comparison
ZEA.TO's dividend yield for the trailing twelve months is around 2.81%, more than VXC.TO's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZEA.TO BMO MSCI EAFE Index ETF | 2.81% | 3.02% | 3.08% | 2.49% | 2.74% | 2.95% | 3.05% | 2.40% | 2.80% | 2.43% | 2.37% |
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF | 1.41% | 1.69% | 1.82% | 1.49% | 1.46% | 1.80% | 1.94% | 1.68% | 1.86% | 1.83% | 0.84% |
Drawdowns
ZEA.TO vs. VXC.TO - Drawdown Comparison
The maximum ZEA.TO drawdown since its inception was -27.80%, roughly equal to the maximum VXC.TO drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for ZEA.TO and VXC.TO. For additional features, visit the drawdowns tool.
Volatility
ZEA.TO vs. VXC.TO - Volatility Comparison
BMO MSCI EAFE Index ETF (ZEA.TO) has a higher volatility of 4.02% compared to Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) at 3.11%. This indicates that ZEA.TO's price experiences larger fluctuations and is considered to be riskier than VXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.