ZGRO.TO vs. ZWQT.TO
ZGRO.TO (BMO Growth ETF) and ZWQT.TO (BMO Global Enhanced Income Fund Series ETF) are both Global Allocation funds from BMO. Both are actively managed. Over the past 3 years, ZGRO.TO returned 23.01%/yr vs 18.53%/yr for ZWQT.TO. A 0.61 correlation means they provide meaningful diversification when combined. ZGRO.TO charges 0.18%/yr vs 0.87%/yr for ZWQT.TO.
Performance
ZGRO.TO vs. ZWQT.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZGRO.TO achieves a 10.93% return, which is significantly lower than ZWQT.TO's 14.52% return.
ZGRO.TO
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 10.93%
- 6M
- 10.40%
- 1Y
- 25.31%
- 3Y*
- 23.01%
- 5Y*
- 15.61%
- 10Y*
- —
ZWQT.TO
- 1D
- -0.15%
- 1M
- 1.06%
- YTD
- 14.52%
- 6M
- 14.99%
- 1Y
- 30.31%
- 3Y*
- 18.53%
- 5Y*
- —
- 10Y*
- —
ZGRO.TO vs. ZWQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZGRO.TO BMO Growth ETF | 10.93% | 18.65% | 25.70% | 11.94% |
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 14.52% | 14.08% | 17.82% | 6.60% |
Correlation
The correlation between ZGRO.TO and ZWQT.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.61 |
The correlation between ZGRO.TO and ZWQT.TO has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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. ZWQT.TO — Risk / Return Rank
ZGRO.TO
ZWQT.TO
ZGRO.TO vs. ZWQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Growth ETF (ZGRO.TO) and BMO Global Enhanced Income Fund Series ETF (ZWQT.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.
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.
| ZGRO.TO | ZWQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.61 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 5.57 | -1.87 |
| Martin ratioReturn relative to average drawdown | 14.49 | 22.94 | -8.45 |
Loading charts...
Drawdowns
ZGRO.TO vs. ZWQT.TO - Drawdown Comparison
The maximum ZGRO.TO drawdown since its inception was -24.67%, which is greater than ZWQT.TO's maximum drawdown of -14.93%. Use the drawdown chart below to compare losses from any high point for ZGRO.TO and ZWQT.TO.
Loading charts...
Drawdown Indicators
| ZGRO.TO | ZWQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.67% | -14.93% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -5.47% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -14.93% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | — | — |
Current DrawdownCurrent decline from peak | -2.43% | -0.91% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -1.47% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.32% | +0.43% |
Volatility
ZGRO.TO vs. ZWQT.TO - Volatility Comparison
BMO Growth ETF (ZGRO.TO) has a higher volatility of 5.05% compared to BMO Global Enhanced Income Fund Series ETF (ZWQT.TO) at 3.66%. This indicates that ZGRO.TO's price experiences larger fluctuations and is considered to be riskier than ZWQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZGRO.TO | ZWQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.66% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 7.66% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 9.71% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.18% | 11.04% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.19% | 11.04% | +2.15% |
ZGRO.TO vs. ZWQT.TO - Expense Ratio Comparison
ZGRO.TO has a 0.18% expense ratio, which is lower than ZWQT.TO's 0.87% expense ratio.
Dividends
ZGRO.TO vs. ZWQT.TO - Dividend Comparison
ZGRO.TO's dividend yield for the trailing twelve months is around 2.24%, less than ZWQT.TO's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ZGRO.TO BMO Growth ETF | 2.24% | 3.38% | 5.76% | 6.81% | 7.63% | 6.65% | 7.47% | 6.95% |
ZWQT.TO BMO Global Enhanced Income Fund Series ETF | 4.94% | 5.54% | 5.96% | 3.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZGRO.TO and ZWQT.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZGRO.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZGRO.TO is cheaper with a 0.18% expense ratio, compared with 0.87% for ZWQT.TO.
Their fees differ too: 0.18% for ZGRO.TO and 0.87% for ZWQT.TO.
Find the right allocation for ZGRO.TO and ZWQT.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