ZEQT.TO vs. VFV.TO
Compare and contrast key facts about BMO All-Equity ETF (ZEQT.TO) and Vanguard S&P 500 Index ETF (VFV.TO).
ZEQT.TO and VFV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZEQT.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZEQT.TO or VFV.TO.
Key characteristics
| ZEQT.TO | VFV.TO | |
|---|---|---|
| YTD Return | 24.75% | 33.41% |
| 1Y Return | 31.28% | 38.81% |
| Sharpe Ratio | 3.62 | 3.65 |
| Sortino Ratio | 5.12 | 5.05 |
| Omega Ratio | 1.70 | 1.70 |
| Calmar Ratio | 5.01 | 5.36 |
| Martin Ratio | 26.33 | 26.12 |
| Ulcer Index | 1.23% | 1.56% |
| Daily Std Dev | 8.96% | 11.13% |
| Max Drawdown | -16.15% | -27.43% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ZEQT.TO and VFV.TO is 0.81, 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
ZEQT.TO vs. VFV.TO - Performance Comparison
In the year-to-date period, ZEQT.TO achieves a 24.75% return, which is significantly lower than VFV.TO's 33.41% 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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ZEQT.TO vs. VFV.TO - Expense Ratio Comparison
ZEQT.TO has a 0.20% expense ratio, which is higher than VFV.TO's 0.09% 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
ZEQT.TO vs. VFV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO All-Equity ETF (ZEQT.TO) and Vanguard S&P 500 Index ETF (VFV.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
ZEQT.TO vs. VFV.TO - Dividend Comparison
ZEQT.TO's dividend yield for the trailing twelve months is around 1.73%, more than VFV.TO's 0.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 1.73% | 2.13% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFV.TO Vanguard S&P 500 Index ETF | 0.98% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% | 1.48% | 1.42% |
Drawdowns
ZEQT.TO vs. VFV.TO - Drawdown Comparison
The maximum ZEQT.TO drawdown since its inception was -16.15%, smaller than the maximum VFV.TO drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for ZEQT.TO and VFV.TO. For additional features, visit the drawdowns tool.
Volatility
ZEQT.TO vs. VFV.TO - Volatility Comparison
The current volatility for BMO All-Equity ETF (ZEQT.TO) is 3.09%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.78%. This indicates that ZEQT.TO experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.