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ZID.TO vs. EPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZID.TO vs. EPI

Last updated Jun 4, 2026

ZID.TO (BMO MSCI India ESG Leaders Index ETF) and EPI (WisdomTree India Earnings Fund) are both Asia Pacific Equities funds - ZID.TO tracks the MSCI India ESG Leaders Index while EPI tracks the WisdomTree India Earnings Index. Both are passively managed. Over the past 10 years, ZID.TO returned 8.81%/yr vs 9.77%/yr for EPI. A 0.69 correlation means they provide meaningful diversification when combined. ZID.TO charges 0.67%/yr vs 0.84%/yr for EPI.

Performance

ZID.TO vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI India ESG Leaders Index ETF (ZID.TO) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ZID.TO is traded in CAD, while EPI is traded in USD. To make them comparable, the EPI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZID.TO achieves a -18.18% return, which is significantly lower than EPI's -8.88% return. Over the past 10 years, ZID.TO has underperformed EPI with an annualized return of 8.81%, while EPI has yielded a comparatively higher 9.77% annualized return.

ZID.TO

1D
-0.95%
1M
-1.81%
YTD
-18.18%
6M
-19.19%
1Y
-17.13%
3Y*
2.89%
5Y*
2.79%
10Y*
8.81%

EPI

1D
-0.99%
1M
-0.77%
YTD
-8.88%
6M
-8.47%
1Y
-8.39%
3Y*
8.84%
5Y*
8.38%
10Y*
9.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZID.TO vs. EPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZID.TO
BMO MSCI India ESG Leaders Index ETF		-18.18%-0.67%19.13%11.89%-4.71%25.55%15.79%7.37%8.20%34.21%
EPI
WisdomTree India Earnings Fund		-8.88%-2.44%20.22%23.25%2.04%25.27%16.55%-3.46%-2.24%30.28%

Correlation

The correlation between ZID.TO and EPI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2010

0.69

The correlation between ZID.TO and EPI shifts across timeframes, from 0.69 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

ZID.TO vs. EPI - Sectors Allocation Comparison

Sectors
ZID.TO
EPI

Financial Services

26.6%
23.4%

Energy

14.2%
17.3%

Consumer Cyclical

13.5%
7.5%

Basic Materials

12.9%
13.5%

Consumer Defensive

8.9%
3.5%

Technology

8.7%
8.3%

Industrials

6.3%
9.7%

Utilities

4.2%
8.4%

Healthcare

3.5%
5.5%

Communication Services

0.6%
2.0%

Real Estate

0.5%
0.9%

Financial Services

ZID.TO
26.6%
EPI
23.4%

Energy

ZID.TO
14.2%
EPI
17.3%

Consumer Cyclical

ZID.TO
13.5%
EPI
7.5%

Basic Materials

ZID.TO
12.9%
EPI
13.5%

Consumer Defensive

ZID.TO
8.9%
EPI
3.5%

Technology

ZID.TO
8.7%
EPI
8.3%

Industrials

ZID.TO
6.3%
EPI
9.7%

Utilities

ZID.TO
4.2%
EPI
8.4%

Healthcare

ZID.TO
3.5%
EPI
5.5%

Communication Services

ZID.TO
0.6%
EPI
2.0%

Real Estate

ZID.TO
0.5%
EPI
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO MSCI India ESG Leaders Index ETF

WisdomTree India Earnings Fund

Often compared with ZID.TO:
ZID.TO vs. XID.TOZID.TO vs. NFTYZID.TO vs. VFV.TOZID.TO vs. ZLU.TOZID.TO vs. VVL.TOZID.TO vs. ZEA.TOZID.TO vs. THD
Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. GLINEPI vs. INCO

Return for Risk

ZID.TO vs. EPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZID.TO
ZID.TO Risk / Return Rank: 22
Overall Rank
ZID.TO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
ZID.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
ZID.TO Omega Ratio Rank: 22
Omega Ratio Rank
ZID.TO Calmar Ratio Rank: 33
Calmar Ratio Rank
ZID.TO Martin Ratio Rank: 11
Martin Ratio Rank
EPI
EPI Risk / Return Rank: 33
Overall Rank
EPI Sharpe Ratio Rank: 33
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 33
Sortino Ratio Rank
EPI Omega Ratio Rank: 33
Omega Ratio Rank
EPI Calmar Ratio Rank: 44
Calmar Ratio Rank
EPI Martin Ratio Rank: 22
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.

ZID.TO vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI India ESG Leaders Index ETF (ZID.TO) and WisdomTree India Earnings Fund (EPI). 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.

ZID.TOEPIDifference
Sharpe ratioReturn per unit of total volatility
-1.03
-0.57

-0.46

Sortino ratioReturn per unit of downside risk
-1.47
-0.74

-0.73

Omega ratioGain probability vs. loss probability

0.84

0.92

-0.08

Calmar ratioReturn relative to maximum drawdown

-0.71

-0.52

-0.18

Martin ratioReturn relative to average drawdown

-1.50

-1.24

-0.26

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

ZID.TO vs. EPI - Sharpe Ratio Comparison

The current ZID.TO Sharpe Ratio is -1.03, which is lower than the EPI Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of ZID.TO and EPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ZID.TOEPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.03

-0.57

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.18

0.56

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.52

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.39

-0.04

Drawdowns

ZID.TO vs. EPI - Drawdown Comparison

The maximum ZID.TO drawdown since its inception was -45.18%, smaller than the maximum EPI drawdown of -50.30%. Use the drawdown chart below to compare losses from any high point for ZID.TO and EPI.

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Drawdown Indicators

ZID.TOEPIDifference

Max Drawdown

Largest peak-to-trough decline

-45.18%

-50.30%

+5.12%

Max Drawdown (1Y)

Largest decline over 1 year

-24.35%

-16.12%

-8.23%

Max Drawdown (3Y)

Largest decline over 3 years

-27.08%

-19.94%

-7.14%

Max Drawdown (5Y)

Largest decline over 5 years

-27.08%

-19.94%

-7.14%

Max Drawdown (10Y)

Largest decline over 10 years

-45.18%

-41.90%

-3.28%

Current Drawdown

Current decline from peak

-25.57%

-15.93%

-9.64%

Average Drawdown

Average peak-to-trough decline

-11.32%

-12.19%

+0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.46%

6.79%

+4.67%

Volatility

ZID.TO vs. EPI - Volatility Comparison

BMO MSCI India ESG Leaders Index ETF (ZID.TO) has a higher volatility of 6.04% compared to WisdomTree India Earnings Fund (EPI) at 4.86%. This indicates that ZID.TO's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZID.TOEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.04%

4.86%

+1.18%

Volatility (6M)

Calculated over the trailing 6-month period

14.23%

12.74%

+1.49%

Volatility (1Y)

Calculated over the trailing 1-year period

16.69%

14.83%

+1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.92%

15.09%

+0.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.85%

18.76%

+1.09%

ZID.TO vs. EPI - Expense Ratio Comparison

ZID.TO has a 0.67% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

ZID.TO vs. EPI - Dividend Comparison

ZID.TO's dividend yield for the trailing twelve months is around 0.84%, while EPI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EPI
WisdomTree India Earnings Fund		0.00%0.00%0.27%0.15%6.01%1.18%0.78%1.17%1.18%0.85%1.05%1.20%
ZID.TO
BMO MSCI India ESG Leaders Index ETF		0.84%0.69%0.28%1.18%0.29%1.24%0.11%0.11%0.74%0.38%1.15%0.64%

Frequently Asked Questions

ZID.TO and EPI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZID.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZID.TO is cheaper with a 0.67% expense ratio, compared with 0.84% for EPI.

ZID.TO tracks MSCI India ESG Leaders Index, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: BMO and WisdomTree. Their fees differ too: 0.67% for ZID.TO and 0.84% for EPI.

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