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ZGI.TO vs. XCLN.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZGI.TO vs. XCLN.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Global Infrastructure Index ETF (ZGI.TO) and iShares Global Clean Energy Index ETF (XCLN.TO).

ZGI.TO and XCLN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGI.TO is a passively managed fund by BMO that tracks the performance of the Dow Jones Brookfield Global Infrastructure North American Listed Index. It was launched on Jan 19, 2010. XCLN.TO is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy Index. It was launched on Apr 26, 2022. Both ZGI.TO and XCLN.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

ZGI.TO vs. XCLN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Global Infrastructure Index ETF (ZGI.TO) and iShares Global Clean Energy Index ETF (XCLN.TO). The values are adjusted to include any dividend payments, if applicable.

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ZGI.TO vs. XCLN.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
ZGI.TO
BMO Global Infrastructure Index ETF		14.95%0.94%25.35%-0.72%-0.28%
XCLN.TO
iShares Global Clean Energy Index ETF		9.82%37.41%-19.86%-21.98%13.22%

Returns By Period

In the year-to-date period, ZGI.TO achieves a 14.95% return, which is significantly higher than XCLN.TO's 9.82% return.

ZGI.TO

1D
-0.08%
1M
0.81%
YTD
14.95%
6M
9.25%
1Y
8.37%
3Y*
13.12%
5Y*
12.28%
10Y*
9.53%

XCLN.TO

1D
1.33%
1M
-0.94%
YTD
9.82%
6M
15.89%
1Y
49.92%
3Y*
-1.75%
5Y*
—
10Y*
—
*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 Global Infrastructure Index ETF

iShares Global Clean Energy Index ETF

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Often compared with XCLN.TO:
XCLN.TO vs. ICLNXCLN.TO vs. ZCLN.TOXCLN.TO vs. 36BA.DEXCLN.TO vs. NCLR.LXCLN.TO vs. XIC.TOXCLN.TO vs. XEQT.TOXCLN.TO vs. XGRO.TO

ZGI.TO vs. XCLN.TO - Expense Ratio Comparison

ZGI.TO has a 0.61% expense ratio, which is higher than XCLN.TO's 0.35% expense ratio.

ZGI.TO
BMO Global Infrastructure Index ETF
XCLN.TO
iShares Global Clean Energy Index ETF

Return for Risk

ZGI.TO vs. XCLN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZGI.TO
ZGI.TO Risk / Return Rank: 3131
Overall Rank
ZGI.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
ZGI.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
ZGI.TO Omega Ratio Rank: 2828
Omega Ratio Rank
ZGI.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
ZGI.TO Martin Ratio Rank: 2828
Martin Ratio Rank
XCLN.TO
XCLN.TO Risk / Return Rank: 8888
Overall Rank
XCLN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XCLN.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XCLN.TO Omega Ratio Rank: 8383
Omega Ratio Rank
XCLN.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
XCLN.TO Martin Ratio Rank: 8888
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.

ZGI.TO vs. XCLN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Global Infrastructure Index ETF (ZGI.TO) and iShares Global Clean Energy Index ETF (XCLN.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.

ZGI.TOXCLN.TODifference

Sharpe ratio

Return per unit of total volatility

0.61

1.87

-1.26

Sortino ratio

Return per unit of downside risk

0.89

2.43

-1.54

Omega ratio

Gain probability vs. loss probability

1.12

1.33

-0.21

Calmar ratio

Return relative to maximum drawdown

1.00

4.14

-3.14

Martin ratio

Return relative to average drawdown

2.31

11.27

-8.97

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

ZGI.TO vs. XCLN.TO - Sharpe Ratio Comparison

The current ZGI.TO Sharpe Ratio is 0.61, which is lower than the XCLN.TO Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of ZGI.TO and XCLN.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

ZGI.TOXCLN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.61

1.87

-1.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.07

+0.75

Correlation

The correlation between ZGI.TO and XCLN.TO is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZGI.TO vs. XCLN.TO - Dividend Comparison

ZGI.TO's dividend yield for the trailing twelve months is around 2.30%, more than XCLN.TO's 1.35% yield.

TTM20252024202320222021202020192018201720162015
ZGI.TO
BMO Global Infrastructure Index ETF		2.30%2.72%2.75%3.25%2.94%2.98%3.66%2.78%2.92%2.53%3.21%2.90%
XCLN.TO
iShares Global Clean Energy Index ETF		1.35%1.49%1.24%1.15%0.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZGI.TO vs. XCLN.TO - Drawdown Comparison

The maximum ZGI.TO drawdown since its inception was -34.76%, smaller than the maximum XCLN.TO drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for ZGI.TO and XCLN.TO.

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Drawdown Indicators

ZGI.TOXCLN.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.76%

-49.29%

+14.53%

Max Drawdown (1Y)

Largest decline over 1 year

-10.07%

-12.10%

+2.03%

Max Drawdown (5Y)

Largest decline over 5 years

-16.70%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-34.76%

—

—

Current Drawdown

Current decline from peak

-0.26%

-16.43%

+16.17%

Average Drawdown

Average peak-to-trough decline

-4.41%

-26.43%

+22.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.36%

4.44%

-0.08%

Volatility

ZGI.TO vs. XCLN.TO - Volatility Comparison

The current volatility for BMO Global Infrastructure Index ETF (ZGI.TO) is 3.87%, while iShares Global Clean Energy Index ETF (XCLN.TO) has a volatility of 9.84%. This indicates that ZGI.TO experiences smaller price fluctuations and is considered to be less risky than XCLN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZGI.TOXCLN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

9.84%

-5.97%

Volatility (6M)

Calculated over the trailing 6-month period

8.19%

21.05%

-12.86%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

26.79%

-12.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.03%

25.20%

-12.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.85%

25.20%

-9.35%