ZGI.TO vs. QIF.NEO
ZGI.TO (BMO Global Infrastructure Index ETF) and QIF.NEO (AGF Systematic Global Infrastructure ETF) are both Industrials Equities funds. ZGI.TO is passively managed, while QIF.NEO is actively managed. Over the past 5 years, ZGI.TO returned 10.65%/yr vs 11.27%/yr for QIF.NEO. A 0.66 correlation means they provide meaningful diversification when combined. ZGI.TO charges 0.61%/yr vs 0.45%/yr for QIF.NEO.
Performance
ZGI.TO vs. QIF.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZGI.TO achieves a 17.33% return, which is significantly higher than QIF.NEO's 13.73% return.
ZGI.TO
- 1D
- -1.04%
- 1M
- 1.47%
- 6M
- 15.40%
- YTD
- 17.33%
- 1Y
- 17.58%
- 3Y*
- 15.07%
- 5Y*
- 10.65%
- 10Y*
- 8.52%
QIF.NEO
- 1D
- -0.49%
- 1M
- -0.40%
- 6M
- 10.78%
- YTD
- 13.73%
- 1Y
- 22.63%
- 3Y*
- 17.37%
- 5Y*
- 11.27%
- 10Y*
- —
ZGI.TO vs. QIF.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZGI.TO BMO Global Infrastructure Index ETF | 17.33% | 1.01% | 25.45% | -0.64% | 4.56% | 26.89% | -10.43% | 25.26% | 7.54% |
QIF.NEO AGF Systematic Global Infrastructure ETF | 13.73% | 14.80% | 21.37% | 4.72% | -2.67% | 20.54% | -8.96% | 20.89% | 5.27% |
Correlation
The correlation between ZGI.TO and QIF.NEO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2018 | 0.66 |
The correlation between ZGI.TO and QIF.NEO shifts across timeframes, from 0.51 (1 year) to 0.68 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZGI.TO vs. QIF.NEO — Risk / Return Rank
ZGI.TO
QIF.NEO
ZGI.TO vs. QIF.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Global Infrastructure Index ETF (ZGI.TO) and AGF Systematic Global Infrastructure ETF (QIF.NEO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZGI.TO | QIF.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 4.89 | -2.23 |
| Martin ratioReturn relative to average drawdown | 7.31 | 13.28 | -5.98 |
Loading charts...
Drawdowns
ZGI.TO vs. QIF.NEO - Drawdown Comparison
The maximum ZGI.TO drawdown since its inception was -34.76%, which is greater than QIF.NEO's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for ZGI.TO and QIF.NEO.
Loading charts...
Drawdown Indicators
| ZGI.TO | QIF.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -30.71% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -4.67% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.07% | -10.29% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -15.54% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | -34.76% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -2.34% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -4.33% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 1.71% | +0.70% |
Volatility
ZGI.TO vs. QIF.NEO - Volatility Comparison
BMO Global Infrastructure Index ETF (ZGI.TO) has a higher volatility of 4.39% compared to AGF Systematic Global Infrastructure ETF (QIF.NEO) at 2.29%. This indicates that ZGI.TO's price experiences larger fluctuations and is considered to be riskier than QIF.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZGI.TO | QIF.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.29% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 7.76% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 9.72% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 11.66% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 14.78% | +1.20% |
ZGI.TO vs. QIF.NEO - Expense Ratio Comparison
ZGI.TO has a 0.61% expense ratio, which is higher than QIF.NEO's 0.45% expense ratio.
Dividends
ZGI.TO vs. QIF.NEO - Dividend Comparison
ZGI.TO's dividend yield for the trailing twelve months is around 2.25%, less than QIF.NEO's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QIF.NEO AGF Systematic Global Infrastructure ETF | 5.14% | 5.32% | 4.60% | 3.61% | 3.22% | 3.05% | 3.12% | 3.16% | 2.24% | 0.00% | 0.00% | 0.00% |
ZGI.TO BMO Global Infrastructure Index ETF | 2.25% | 2.77% | 2.82% | 3.33% | 3.01% | 3.06% | 3.75% | 2.85% | 2.99% | 2.59% | 2.60% | 2.97% |
Frequently Asked Questions
ZGI.TO and QIF.NEO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QIF.NEO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QIF.NEO is cheaper with a 0.45% expense ratio, compared with 0.61% for ZGI.TO.
They also come from different issuers: BMO and AGF. Their fees differ too: 0.61% for ZGI.TO and 0.45% for QIF.NEO.
Find the right allocation for ZGI.TO and QIF.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer