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ZGD.TO vs. ZJG.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZGD.TO vs. ZJG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Equal Weight Global Gold Index ETF (ZGD.TO) and BMO Junior Gold Index ETF (ZJG.TO).

ZGD.TO and ZJG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGD.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Global Gold Index. It was launched on Nov 14, 2012. ZJG.TO is a passively managed fund by BMO that tracks the performance of the Dow Jones North America Select Junior Gold Index. It was launched on Jan 19, 2010. Both ZGD.TO and ZJG.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.

Performance

ZGD.TO vs. ZJG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Equal Weight Global Gold Index ETF (ZGD.TO) and BMO Junior Gold Index ETF (ZJG.TO). The values are adjusted to include any dividend payments, if applicable.

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ZGD.TO vs. ZJG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZGD.TO
BMO Equal Weight Global Gold Index ETF		11.73%170.64%37.48%10.17%-2.30%-12.57%26.59%53.72%-12.09%-0.73%
ZJG.TO
BMO Junior Gold Index ETF		12.15%154.66%36.44%6.11%-0.89%-16.72%24.40%42.01%-18.76%11.85%

Returns By Period

The year-to-date returns for both investments are quite close, with ZGD.TO having a 11.73% return and ZJG.TO slightly higher at 12.15%. Both investments have delivered pretty close results over the past 10 years, with ZGD.TO having a 21.57% annualized return and ZJG.TO not far behind at 20.60%.

ZGD.TO

1D
7.87%
1M
-18.70%
YTD
11.73%
6M
31.71%
1Y
123.98%
3Y*
57.32%
5Y*
35.00%
10Y*
21.57%

ZJG.TO

1D
8.29%
1M
-20.41%
YTD
12.15%
6M
28.29%
1Y
119.13%
3Y*
53.40%
5Y*
31.70%
10Y*
20.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Equal Weight Global Gold Index ETF

BMO Junior Gold Index ETF

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Often compared with ZJG.TO:
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ZGD.TO vs. ZJG.TO - Expense Ratio Comparison

ZGD.TO has a 0.60% expense ratio, which is lower than ZJG.TO's 0.61% expense ratio.

ZJG.TO
BMO Junior Gold Index ETF
ZGD.TO
BMO Equal Weight Global Gold Index ETF

Return for Risk

ZGD.TO vs. ZJG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZGD.TO
ZGD.TO Risk / Return Rank: 9595
Overall Rank
ZGD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
ZGD.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
ZGD.TO Omega Ratio Rank: 9494
Omega Ratio Rank
ZGD.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
ZGD.TO Martin Ratio Rank: 9595
Martin Ratio Rank
ZJG.TO
ZJG.TO Risk / Return Rank: 9494
Overall Rank
ZJG.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ZJG.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ZJG.TO Omega Ratio Rank: 9393
Omega Ratio Rank
ZJG.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
ZJG.TO Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZGD.TO vs. ZJG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Equal Weight Global Gold Index ETF (ZGD.TO) and BMO Junior Gold Index ETF (ZJG.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.

ZGD.TOZJG.TODifference

Sharpe ratio

Return per unit of total volatility

2.75

2.62

+0.13

Sortino ratio

Return per unit of downside risk

2.86

2.78

+0.08

Omega ratio

Gain probability vs. loss probability

1.43

1.41

+0.02

Calmar ratio

Return relative to maximum drawdown

4.17

3.75

+0.42

Martin ratio

Return relative to average drawdown

15.14

13.39

+1.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZGD.TO vs. ZJG.TO - Sharpe Ratio Comparison

The current ZGD.TO Sharpe Ratio is 2.75, which is comparable to the ZJG.TO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of ZGD.TO and ZJG.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZGD.TOZJG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.75

2.62

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

0.89

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.54

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.19

+0.11

Correlation

The correlation between ZGD.TO and ZJG.TO is 0.77, 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.

Dividends

ZGD.TO vs. ZJG.TO - Dividend Comparison

ZGD.TO's dividend yield for the trailing twelve months is around 0.20%, more than ZJG.TO's 0.10% yield.

TTM20252024202320222021202020192018201720162015
ZGD.TO
BMO Equal Weight Global Gold Index ETF		0.20%0.22%0.59%0.76%0.77%0.38%0.16%1.20%0.00%0.00%0.32%0.46%
ZJG.TO
BMO Junior Gold Index ETF		0.10%0.12%0.68%0.90%0.83%0.36%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZGD.TO vs. ZJG.TO - Drawdown Comparison

The maximum ZGD.TO drawdown since its inception was -60.12%, smaller than the maximum ZJG.TO drawdown of -81.59%. Use the drawdown chart below to compare losses from any high point for ZGD.TO and ZJG.TO.

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Drawdown Indicators

ZGD.TOZJG.TODifference

Max Drawdown

Largest peak-to-trough decline

-60.12%

-81.59%

+21.47%

Max Drawdown (1Y)

Largest decline over 1 year

-30.15%

-32.02%

+1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-42.75%

-41.63%

-1.12%

Max Drawdown (10Y)

Largest decline over 10 years

-51.72%

-48.58%

-3.14%

Current Drawdown

Current decline from peak

-18.77%

-20.85%

+2.08%

Average Drawdown

Average peak-to-trough decline

-28.47%

-49.37%

+20.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.30%

8.98%

-0.68%

Volatility

ZGD.TO vs. ZJG.TO - Volatility Comparison

BMO Equal Weight Global Gold Index ETF (ZGD.TO) and BMO Junior Gold Index ETF (ZJG.TO) have volatilities of 18.29% and 18.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZGD.TOZJG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

18.29%

18.91%

-0.62%

Volatility (6M)

Calculated over the trailing 6-month period

37.55%

39.13%

-1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

45.29%

45.65%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.83%

35.72%

+0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.54%

38.46%

-0.92%