ZGRO.TO vs. XIU.TO
ZGRO.TO (BMO Growth ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - ZGRO.TO is a Large Cap Growth Equities fund actively managed by BMO, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. ZGRO.TO is actively managed, while XIU.TO is passively managed. Over the past 5 years, ZGRO.TO returned 11.51%/yr vs 14.37%/yr for XIU.TO. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
ZGRO.TO vs. XIU.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with ZGRO.TO having a 10.53% return and XIU.TO slightly lower at 10.14%.
ZGRO.TO
- 1D
- -0.41%
- 1M
- 5.37%
- YTD
- 10.53%
- 6M
- 10.31%
- 1Y
- 25.76%
- 3Y*
- 18.49%
- 5Y*
- 11.51%
- 10Y*
- —
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
ZGRO.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZGRO.TO BMO Growth ETF | 10.53% | 16.39% | 20.71% | 14.64% | -10.58% | 14.99% | 10.81% | 10.83% |
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 10.42% |
Correlation
The correlation between ZGRO.TO and XIU.TO is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.79 |
The correlation between ZGRO.TO and XIU.TO has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
ZGRO.TO vs. XIU.TO - Sectors Allocation Comparison
Sectors
ZGRO.TO
XIU.TO
Technology
Financial Services
Industrials
Consumer Cyclical
Energy
Basic Materials
Healthcare
-
Communication Services
Consumer Defensive
Utilities
Real Estate
Technology
ZGRO.TO
XIU.TO
Financial Services
ZGRO.TO
XIU.TO
Industrials
ZGRO.TO
XIU.TO
Consumer Cyclical
ZGRO.TO
XIU.TO
Energy
ZGRO.TO
XIU.TO
Basic Materials
ZGRO.TO
XIU.TO
Healthcare
ZGRO.TO
XIU.TO
-
Communication Services
ZGRO.TO
XIU.TO
Consumer Defensive
ZGRO.TO
XIU.TO
Utilities
ZGRO.TO
XIU.TO
Real Estate
ZGRO.TO
XIU.TO
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
ZGRO.TO vs. XIU.TO — Risk / Return Rank
ZGRO.TO
XIU.TO
ZGRO.TO vs. XIU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Growth ETF (ZGRO.TO) and iShares S&P/TSX 60 Index ETF (XIU.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.
| ZGRO.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 4.16 | -0.39 |
| Martin ratioReturn relative to average drawdown | 15.21 | 19.30 | -4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZGRO.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.71 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.13 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.51 | +0.41 |
Drawdowns
ZGRO.TO vs. XIU.TO - Drawdown Comparison
The maximum ZGRO.TO drawdown since its inception was -24.64%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for ZGRO.TO and XIU.TO.
Loading charts...
Drawdown Indicators
| ZGRO.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.64% | -52.31% | +27.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -7.65% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.36% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -16.36% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.46% | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.87% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -11.63% | +8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.64% | +0.06% |
Volatility
ZGRO.TO vs. XIU.TO - Volatility Comparison
BMO Growth ETF (ZGRO.TO) has a higher volatility of 4.11% compared to iShares S&P/TSX 60 Index ETF (XIU.TO) at 3.28%. This indicates that ZGRO.TO's price experiences larger fluctuations and is considered to be riskier than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZGRO.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 3.28% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 9.32% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 11.73% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 12.78% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 15.01% | -2.02% |
ZGRO.TO vs. XIU.TO - Expense Ratio Comparison
Both ZGRO.TO and XIU.TO have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ZGRO.TO vs. XIU.TO - Dividend Comparison
ZGRO.TO's dividend yield for the trailing twelve months is around 1.48%, less than XIU.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
ZGRO.TO BMO Growth ETF | 1.48% | 1.70% | 1.92% | 2.27% | 2.54% | 2.22% | 2.49% | 2.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZGRO.TO and XIU.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZGRO.TO and XIU.TO have the same expense ratio: 0.18% per year.
ZGRO.TO is categorized as Large Cap Growth Equities, while XIU.TO is Canada Equities. They also come from different issuers: BMO and iShares.
Find the right allocation for ZGRO.TO and XIU.TO
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