ZEB.TO vs. XIC.TO
Compare and contrast key facts about BMO Equal Weight Banks Index ETF (ZEB.TO) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO).
ZEB.TO and XIC.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. XIC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Feb 16, 2001. Both ZEB.TO and XIC.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 XIC.TO.
Correlation
The correlation between ZEB.TO and XIC.TO is 0.86, 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. XIC.TO - Performance Comparison
Key characteristics
ZEB.TO:
2.68
XIC.TO:
2.11
ZEB.TO:
3.70
XIC.TO:
2.87
ZEB.TO:
1.50
XIC.TO:
1.39
ZEB.TO:
1.98
XIC.TO:
4.06
ZEB.TO:
12.87
XIC.TO:
13.51
ZEB.TO:
1.99%
XIC.TO:
1.60%
ZEB.TO:
9.56%
XIC.TO:
10.21%
ZEB.TO:
-39.70%
XIC.TO:
-48.21%
ZEB.TO:
-2.18%
XIC.TO:
-3.21%
Returns By Period
In the year-to-date period, ZEB.TO achieves a -0.14% return, which is significantly lower than XIC.TO's 0.27% return. Over the past 10 years, ZEB.TO has outperformed XIC.TO with an annualized return of 11.18%, while XIC.TO has yielded a comparatively lower 8.97% annualized return.
ZEB.TO
-0.14%
-1.72%
19.03%
27.65%
12.15%
11.18%
XIC.TO
0.27%
-2.21%
10.80%
21.58%
10.53%
8.97%
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ZEB.TO vs. XIC.TO - Expense Ratio Comparison
ZEB.TO has a 0.25% expense ratio, which is higher than XIC.TO's 0.06% 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. XIC.TO — Risk-Adjusted Performance Rank
ZEB.TO
XIC.TO
ZEB.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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. XIC.TO - Dividend Comparison
ZEB.TO's dividend yield for the trailing twelve months is around 3.99%, more than XIC.TO's 2.62% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEB.TO BMO Equal Weight Banks Index ETF | 3.99% | 3.98% | 4.75% | 4.29% | 3.13% | 4.15% | 3.65% | 3.64% | 3.02% | 3.19% | 3.70% | 3.11% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.62% | 2.63% | 2.95% | 3.10% | 2.45% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% | 2.59% |
Drawdowns
ZEB.TO vs. XIC.TO - Drawdown Comparison
The maximum ZEB.TO drawdown since its inception was -39.70%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for ZEB.TO and XIC.TO. For additional features, visit the drawdowns tool.
Volatility
ZEB.TO vs. XIC.TO - Volatility Comparison
The current volatility for BMO Equal Weight Banks Index ETF (ZEB.TO) is 2.95%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 4.36%. This indicates that ZEB.TO experiences smaller price fluctuations and is considered to be less risky than XIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.