ZEB.TO vs. XMC.TO
Compare and contrast key facts about BMO Equal Weight Banks Index ETF (ZEB.TO) and iShares S&P U.S. Mid-Cap Index ETF (XMC.TO).
ZEB.TO and XMC.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. XMC.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US SMID TR CAD. It was launched on Aug 4, 2015. Both ZEB.TO and XMC.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 XMC.TO.
Correlation
The correlation between ZEB.TO and XMC.TO is 0.68, 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
ZEB.TO vs. XMC.TO - Performance Comparison
Key characteristics
ZEB.TO:
2.87
XMC.TO:
1.74
ZEB.TO:
3.95
XMC.TO:
2.55
ZEB.TO:
1.54
XMC.TO:
1.31
ZEB.TO:
2.10
XMC.TO:
3.36
ZEB.TO:
13.58
XMC.TO:
9.16
ZEB.TO:
2.00%
XMC.TO:
2.80%
ZEB.TO:
9.50%
XMC.TO:
14.75%
ZEB.TO:
-39.70%
XMC.TO:
-36.38%
ZEB.TO:
-2.50%
XMC.TO:
-4.31%
Returns By Period
In the year-to-date period, ZEB.TO achieves a -0.47% return, which is significantly lower than XMC.TO's 1.31% return.
ZEB.TO
-0.47%
-1.96%
17.39%
26.89%
11.88%
11.24%
XMC.TO
1.31%
-2.63%
7.15%
25.05%
12.06%
N/A
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ZEB.TO vs. XMC.TO - Expense Ratio Comparison
ZEB.TO has a 0.25% expense ratio, which is higher than XMC.TO's 0.16% 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. XMC.TO — Risk-Adjusted Performance Rank
ZEB.TO
XMC.TO
ZEB.TO vs. XMC.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 S&P U.S. Mid-Cap Index ETF (XMC.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. XMC.TO - Dividend Comparison
ZEB.TO's dividend yield for the trailing twelve months is around 4.00%, more than XMC.TO's 0.93% 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% |
XMC.TO iShares S&P U.S. Mid-Cap Index ETF | 0.93% | 0.94% | 1.17% | 1.27% | 0.99% | 1.07% | 1.40% | 1.56% | 0.96% | 1.09% | 0.51% | 0.00% |
Drawdowns
ZEB.TO vs. XMC.TO - Drawdown Comparison
The maximum ZEB.TO drawdown since its inception was -39.70%, which is greater than XMC.TO's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for ZEB.TO and XMC.TO. For additional features, visit the drawdowns tool.
Volatility
ZEB.TO vs. XMC.TO - Volatility Comparison
The current volatility for BMO Equal Weight Banks Index ETF (ZEB.TO) is 2.95%, while iShares S&P U.S. Mid-Cap Index ETF (XMC.TO) has a volatility of 5.48%. This indicates that ZEB.TO experiences smaller price fluctuations and is considered to be less risky than XMC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.