ZEB.TO vs. VDY.TO
Compare and contrast key facts about BMO Equal Weight Banks Index ETF (ZEB.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
ZEB.TO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEB.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Oct 19, 2009. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. Both ZEB.TO and VDY.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: ZEB.TO or VDY.TO.
Correlation
The correlation between ZEB.TO and VDY.TO is 0.93, 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
ZEB.TO vs. VDY.TO - Performance Comparison
Key characteristics
ZEB.TO:
2.87
VDY.TO:
2.38
ZEB.TO:
3.95
VDY.TO:
3.28
ZEB.TO:
1.54
VDY.TO:
1.43
ZEB.TO:
2.10
VDY.TO:
3.41
ZEB.TO:
13.58
VDY.TO:
11.97
ZEB.TO:
2.00%
VDY.TO:
1.77%
ZEB.TO:
9.50%
VDY.TO:
8.90%
ZEB.TO:
-39.70%
VDY.TO:
-39.21%
ZEB.TO:
-2.50%
VDY.TO:
-3.16%
Returns By Period
Over the past 10 years, ZEB.TO has outperformed VDY.TO with an annualized return of 11.24%, while VDY.TO has yielded a comparatively lower 9.66% annualized return.
ZEB.TO
-0.47%
-1.96%
17.39%
26.89%
11.88%
11.24%
VDY.TO
0.00%
-1.44%
11.67%
20.58%
11.57%
9.66%
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ZEB.TO vs. VDY.TO - Expense Ratio Comparison
ZEB.TO has a 0.25% expense ratio, which is higher than VDY.TO's 0.22% 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
ZEB.TO vs. VDY.TO — Risk-Adjusted Performance Rank
ZEB.TO
VDY.TO
ZEB.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight Banks Index ETF (ZEB.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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
ZEB.TO vs. VDY.TO - Dividend Comparison
ZEB.TO's dividend yield for the trailing twelve months is around 4.00%, less than VDY.TO's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEB.TO BMO Equal Weight Banks Index ETF | 4.00% | 3.98% | 4.75% | 4.29% | 3.13% | 4.15% | 3.94% | 3.64% | 3.02% | 3.19% | 3.70% | 3.11% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.39% | 4.39% | 4.62% | 4.41% | 3.57% | 4.58% | 4.24% | 4.42% | 3.81% | 3.24% | 4.10% | 3.23% |
Drawdowns
ZEB.TO vs. VDY.TO - Drawdown Comparison
The maximum ZEB.TO drawdown since its inception was -39.70%, roughly equal to the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for ZEB.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
ZEB.TO vs. VDY.TO - Volatility Comparison
The current volatility for BMO Equal Weight Banks Index ETF (ZEB.TO) is 2.95%, while Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a volatility of 3.48%. This indicates that ZEB.TO experiences smaller price fluctuations and is considered to be less risky than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.