ZESG.TO vs. ZCON.TO
Compare and contrast key facts about BMO Balanced ESG ETF (ZESG.TO) and BMO Conservative ETF (ZCON.TO).
ZESG.TO and ZCON.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZESG.TO is an actively managed fund by BMO. It was launched on Jan 15, 2020. ZCON.TO is managed by BMO. It was launched on Feb 12, 2019.
Performance
ZESG.TO vs. ZCON.TO - Performance Comparison
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ZESG.TO vs. ZCON.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZESG.TO BMO Balanced ESG ETF | -1.73% | 12.26% | 16.70% | 15.27% | -13.70% | 13.20% | -100.00% |
ZCON.TO BMO Conservative ETF | 0.31% | 9.31% | 11.51% | 9.89% | -11.00% | 6.06% | 7.53% |
Returns By Period
In the year-to-date period, ZESG.TO achieves a -1.73% return, which is significantly lower than ZCON.TO's 0.31% return.
ZESG.TO
- 1D
- 1.70%
- 1M
- -3.57%
- YTD
- -1.73%
- 6M
- -0.25%
- 1Y
- 11.23%
- 3Y*
- 11.96%
- 5Y*
- 7.37%
- 10Y*
- —
ZCON.TO
- 1D
- 1.29%
- 1M
- -2.78%
- YTD
- 0.31%
- 6M
- 1.18%
- 1Y
- 8.64%
- 3Y*
- 8.93%
- 5Y*
- 5.01%
- 10Y*
- —
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ZESG.TO vs. ZCON.TO - Expense Ratio Comparison
ZESG.TO has a 0.18% expense ratio, which is higher than ZCON.TO's 0.15% 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%.
Return for Risk
ZESG.TO vs. ZCON.TO — Risk / Return Rank
ZESG.TO
ZCON.TO
ZESG.TO vs. ZCON.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Balanced ESG ETF (ZESG.TO) and BMO Conservative ETF (ZCON.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.
| ZESG.TO | ZCON.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.14 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.59 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.56 | -0.15 |
Martin ratioReturn relative to average drawdown | 5.61 | 6.04 | -0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZESG.TO | ZCON.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.14 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.70 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.93 | 0.73 | -2.66 |
Correlation
The correlation between ZESG.TO and ZCON.TO is 0.56, 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.
Dividends
ZESG.TO vs. ZCON.TO - Dividend Comparison
ZESG.TO's dividend yield for the trailing twelve months is around 1.78%, less than ZCON.TO's 2.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZESG.TO BMO Balanced ESG ETF | 1.78% | 1.71% | 1.89% | 2.22% | 2.53% | 2.05% | 2.27% | 0.00% |
ZCON.TO BMO Conservative ETF | 2.16% | 2.36% | 2.49% | 2.71% | 2.89% | 2.50% | 2.59% | 2.51% |
Drawdowns
ZESG.TO vs. ZCON.TO - Drawdown Comparison
The maximum ZESG.TO drawdown since its inception was -100.00%, which is greater than ZCON.TO's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for ZESG.TO and ZCON.TO.
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Drawdown Indicators
| ZESG.TO | ZCON.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -17.22% | -82.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -5.76% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -15.88% | -2.93% |
Current DrawdownCurrent decline from peak | -100.00% | -2.93% | -97.07% |
Average DrawdownAverage peak-to-trough decline | -99.93% | -3.26% | -96.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.49% | +0.32% |
Volatility
ZESG.TO vs. ZCON.TO - Volatility Comparison
BMO Balanced ESG ETF (ZESG.TO) has a higher volatility of 3.65% compared to BMO Conservative ETF (ZCON.TO) at 3.02%. This indicates that ZESG.TO's price experiences larger fluctuations and is considered to be riskier than ZCON.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZESG.TO | ZCON.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.02% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.28% | 4.68% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 7.64% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.85% | 7.17% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.49% | 8.02% | +33.47% |