ZGQ.TO vs. ZUQ.TO
Compare and contrast key facts about BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.TO).
ZGQ.TO and ZUQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGQ.TO is a passively managed fund by BMO Asset Management that tracks the performance of the MSCI All Country World High Quality Index. It was launched on Nov 5, 2014. ZUQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Quality Index. It was launched on Nov 4, 2014. Both ZGQ.TO and ZUQ.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZGQ.TO or ZUQ.TO.
Correlation
The correlation between ZGQ.TO and ZUQ.TO is 0.83, 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
ZGQ.TO vs. ZUQ.TO - Performance Comparison
Key characteristics
ZGQ.TO:
2.14
ZUQ.TO:
2.34
ZGQ.TO:
3.03
ZUQ.TO:
3.39
ZGQ.TO:
1.38
ZUQ.TO:
1.42
ZGQ.TO:
3.38
ZUQ.TO:
4.14
ZGQ.TO:
13.25
ZUQ.TO:
16.27
ZGQ.TO:
2.06%
ZUQ.TO:
1.88%
ZGQ.TO:
12.76%
ZUQ.TO:
13.07%
ZGQ.TO:
-26.67%
ZUQ.TO:
-26.93%
ZGQ.TO:
-0.23%
ZUQ.TO:
-0.30%
Returns By Period
The year-to-date returns for both stocks are quite close, with ZGQ.TO having a 3.50% return and ZUQ.TO slightly lower at 3.48%. Over the past 10 years, ZGQ.TO has underperformed ZUQ.TO with an annualized return of 14.21%, while ZUQ.TO has yielded a comparatively higher 16.52% annualized return.
ZGQ.TO
3.50%
3.45%
9.29%
27.38%
15.57%
14.21%
ZUQ.TO
3.48%
3.24%
11.85%
30.96%
17.55%
16.52%
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ZGQ.TO vs. ZUQ.TO - Expense Ratio Comparison
ZGQ.TO has a 0.50% expense ratio, which is higher than ZUQ.TO's 0.33% expense ratio.
Risk-Adjusted Performance
ZGQ.TO vs. ZUQ.TO — Risk-Adjusted Performance Rank
ZGQ.TO
ZUQ.TO
ZGQ.TO vs. ZUQ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.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
ZGQ.TO vs. ZUQ.TO - Dividend Comparison
ZGQ.TO's dividend yield for the trailing twelve months is around 0.90%, more than ZUQ.TO's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZGQ.TO BMO MSCI All Country World High Quality Index ETF | 0.90% | 0.93% | 1.38% | 1.39% | 0.89% | 1.03% | 1.13% | 1.57% | 1.13% | 1.40% | 1.07% | 0.19% |
ZUQ.TO BMO MSCI USA High Quality Index ETF | 0.58% | 0.60% | 0.90% | 1.03% | 0.83% | 1.00% | 1.00% | 1.12% | 1.21% | 1.04% | 0.92% | 0.19% |
Drawdowns
ZGQ.TO vs. ZUQ.TO - Drawdown Comparison
The maximum ZGQ.TO drawdown since its inception was -26.67%, roughly equal to the maximum ZUQ.TO drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for ZGQ.TO and ZUQ.TO. For additional features, visit the drawdowns tool.
Volatility
ZGQ.TO vs. ZUQ.TO - Volatility Comparison
BMO MSCI All Country World High Quality Index ETF (ZGQ.TO) has a higher volatility of 3.78% compared to BMO MSCI USA High Quality Index ETF (ZUQ.TO) at 3.26%. This indicates that ZGQ.TO's price experiences larger fluctuations and is considered to be riskier than ZUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.