ZEB.TO vs. RBC

Last updated Jun 4, 2026

ZEB.TO (BMO Equal Weight Banks Index ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index, while RBC (RBC Bearings Incorporated) is a stock. Over the past 10 years, ZEB.TO returned 15.82%/yr vs 24.38%/yr for RBC. At a 0.38 correlation, their price movements are largely independent.

Performance

ZEB.TO vs. RBC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Equal Weight Banks Index ETF (ZEB.TO) and RBC Bearings Incorporated (RBC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ZEB.TO is traded in CAD, while RBC is traded in USD. To make them comparable, the RBC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZEB.TO achieves a 19.22% return, which is significantly lower than RBC's 31.93% return. Over the past 10 years, ZEB.TO has underperformed RBC with an annualized return of 15.82%, while RBC has yielded a comparatively higher 24.38% annualized return.

ZEB.TO

• 1D: -0.43%
• 1M: 5.51%
• YTD: 19.22%
• 6M: 24.72%
• 1Y: 60.22%
• 3Y*: 32.73%
• 5Y*: 18.18%
• 10Y*: 15.82%

RBC

• 1D: 1.42%
• 1M: 0.46%
• YTD: 31.93%
• 6M: 32.81%
• 1Y: 58.04%
• 3Y*: 42.67%
• 5Y*: 28.57%
• 10Y*: 24.38%

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

ZEB.TO vs. RBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZEB.TO BMO Equal Weight Banks Index ETF	19.22%	43.43%	24.58%	10.87%	-10.38%	39.38%	3.52%	16.06%	-8.85%	14.26%
RBC RBC Bearings Incorporated	31.93%	43.03%	14.02%	33.09%	11.62%	16.26%	12.17%	15.73%	12.51%	27.52%

Correlation

The correlation between ZEB.TO and RBC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 27, 2009	0.38

Return for Risk

ZEB.TO vs. RBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZEB.TO

ZEB.TO Risk / Return Rank: 96
ZEB.TO Sharpe Ratio Rank: 97
ZEB.TO Sortino Ratio Rank: 97
ZEB.TO Omega Ratio Rank: 97
ZEB.TO Calmar Ratio Rank: 94
ZEB.TO Martin Ratio Rank: 95

RBC

RBC Risk / Return Rank: 89
RBC Sharpe Ratio Rank: 89
RBC Sortino Ratio Rank: 88
RBC Omega Ratio Rank: 86
RBC Calmar Ratio Rank: 90
RBC Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZEB.TO vs. RBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight Banks Index ETF (ZEB.TO) and RBC Bearings Incorporated (RBC). 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.

	ZEB.TO	RBC	Difference
Sharpe ratio: Return per unit of total volatility	4.79	2.30	+2.49
Sortino ratio: Return per unit of downside risk	6.54	3.12	+3.42
Omega ratio: Gain probability vs. loss probability	1.90	1.39	+0.51
Calmar ratio: Return relative to maximum drawdown	7.17	5.36	+1.81
Martin ratio: Return relative to average drawdown	30.84	15.19	+15.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZEB.TO vs. RBC - Sharpe Ratio Comparison

The current ZEB.TO Sharpe Ratio is 4.79, which is higher than the RBC Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of ZEB.TO and RBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZEB.TO	RBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.79	2.30	+2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.35	0.95	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.67	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.72	+0.16

Drawdowns

ZEB.TO vs. RBC - Drawdown Comparison

The maximum ZEB.TO drawdown since its inception was -39.69%, smaller than the maximum RBC drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for ZEB.TO and RBC.

Drawdown Indicators

	ZEB.TO	RBC	Difference
Max Drawdown Largest peak-to-trough decline	-39.69%	-50.85%	+11.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-10.88%	+2.44%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-18.09%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	-25.97%	-32.51%	+6.54%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-50.85%	+11.16%
Current Drawdown Current decline from peak	-2.00%	-4.45%	+2.45%
Average Drawdown Average peak-to-trough decline	-5.65%	-7.67%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	3.83%	-1.87%

Volatility

ZEB.TO vs. RBC - Volatility Comparison

The current volatility for BMO Equal Weight Banks Index ETF (ZEB.TO) is 4.89%, while RBC Bearings Incorporated (RBC) has a volatility of 11.22%. This indicates that ZEB.TO experiences smaller price fluctuations and is considered to be less risky than RBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZEB.TO	RBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	11.22%	-6.33%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	19.60%	-8.46%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	25.37%	-12.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	30.09%	-16.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	36.29%	-19.38%

Dividends

ZEB.TO vs. RBC - Dividend Comparison

ZEB.TO's dividend yield for the trailing twelve months is around 2.54%, while RBC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RBC RBC Bearings Incorporated	0.00%	0.00%	0.00%	0.00%	0.49%	4.10%	0.67%	0.75%	0.00%	0.00%	0.00%	0.00%
ZEB.TO BMO Equal Weight Banks Index ETF	2.54%	2.95%	3.98%	4.75%	4.29%	3.13%	4.15%	3.65%	3.64%	3.02%	3.19%	3.70%

Frequently Asked Questions

Can I hold both ZEB.TO and RBC in my portfolio?

ZEB.TO and RBC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.