ZGRO.TO vs. XAW.TO
Compare and contrast key facts about BMO Growth ETF (ZGRO.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO).
ZGRO.TO and XAW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZGRO.TO is an actively managed fund by BMO. It was launched on Feb 11, 2019. XAW.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Feb 10, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZGRO.TO or XAW.TO.
Correlation
The correlation between ZGRO.TO and XAW.TO is 0.94, 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
ZGRO.TO vs. XAW.TO - Performance Comparison
Key characteristics
ZGRO.TO:
2.66
XAW.TO:
2.44
ZGRO.TO:
3.84
XAW.TO:
3.40
ZGRO.TO:
1.51
XAW.TO:
1.45
ZGRO.TO:
4.34
XAW.TO:
3.55
ZGRO.TO:
18.26
XAW.TO:
16.44
ZGRO.TO:
1.15%
XAW.TO:
1.53%
ZGRO.TO:
7.93%
XAW.TO:
10.30%
ZGRO.TO:
-24.64%
XAW.TO:
-27.32%
ZGRO.TO:
-0.40%
XAW.TO:
-0.36%
Returns By Period
In the year-to-date period, ZGRO.TO achieves a 3.36% return, which is significantly lower than XAW.TO's 4.09% return.
ZGRO.TO
3.36%
1.61%
9.70%
21.08%
9.53%
N/A
XAW.TO
4.09%
2.06%
11.55%
25.28%
12.26%
10.64%
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ZGRO.TO vs. XAW.TO - Expense Ratio Comparison
ZGRO.TO has a 0.18% expense ratio, which is lower than XAW.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZGRO.TO vs. XAW.TO — Risk-Adjusted Performance Rank
ZGRO.TO
XAW.TO
ZGRO.TO vs. XAW.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Growth ETF (ZGRO.TO) and iShares Core MSCI All Country World ex Canada Index ETF (XAW.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
ZGRO.TO vs. XAW.TO - Dividend Comparison
ZGRO.TO's dividend yield for the trailing twelve months is around 1.86%, more than XAW.TO's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZGRO.TO BMO Growth ETF | 1.86% | 1.92% | 2.27% | 2.54% | 2.22% | 2.49% | 2.32% | 0.00% | 0.00% | 0.00% | 0.00% |
XAW.TO iShares Core MSCI All Country World ex Canada Index ETF | 1.55% | 1.61% | 1.71% | 1.79% | 1.77% | 1.49% | 2.02% | 2.29% | 1.92% | 1.80% | 1.83% |
Drawdowns
ZGRO.TO vs. XAW.TO - Drawdown Comparison
The maximum ZGRO.TO drawdown since its inception was -24.64%, smaller than the maximum XAW.TO drawdown of -27.32%. Use the drawdown chart below to compare losses from any high point for ZGRO.TO and XAW.TO. For additional features, visit the drawdowns tool.
Volatility
ZGRO.TO vs. XAW.TO - Volatility Comparison
The current volatility for BMO Growth ETF (ZGRO.TO) is 2.22%, while iShares Core MSCI All Country World ex Canada Index ETF (XAW.TO) has a volatility of 2.43%. This indicates that ZGRO.TO experiences smaller price fluctuations and is considered to be less risky than XAW.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.