ZID.TO vs. NFTY
Compare and contrast key facts about BMO MSCI India ESG Leaders Index ETF (ZID.TO) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
ZID.TO and NFTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZID.TO is a passively managed fund by BMO that tracks the performance of the MSCI India ESG Leaders Index. It was launched on Jan 19, 2010. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both ZID.TO and NFTY 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: ZID.TO or NFTY.
Correlation
The correlation between ZID.TO and NFTY is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZID.TO vs. NFTY - Performance Comparison
Key characteristics
ZID.TO:
0.16
NFTY:
-0.19
ZID.TO:
0.32
NFTY:
-0.16
ZID.TO:
1.04
NFTY:
0.98
ZID.TO:
0.15
NFTY:
-0.18
ZID.TO:
0.41
NFTY:
-0.41
ZID.TO:
5.69%
NFTY:
7.25%
ZID.TO:
14.59%
NFTY:
15.59%
ZID.TO:
-45.18%
NFTY:
-47.67%
ZID.TO:
-14.89%
NFTY:
-15.66%
Returns By Period
In the year-to-date period, ZID.TO achieves a -7.06% return, which is significantly lower than NFTY's -2.70% return. Over the past 10 years, ZID.TO has outperformed NFTY with an annualized return of 9.63%, while NFTY has yielded a comparatively lower 5.92% annualized return.
ZID.TO
-7.06%
-2.24%
-9.53%
2.74%
11.51%
9.63%
NFTY
-2.70%
-0.71%
-11.05%
-2.40%
12.18%
5.92%
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ZID.TO vs. NFTY - Expense Ratio Comparison
ZID.TO has a 0.67% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Risk-Adjusted Performance
ZID.TO vs. NFTY — Risk-Adjusted Performance Rank
ZID.TO
NFTY
ZID.TO vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI India ESG Leaders Index ETF (ZID.TO) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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
ZID.TO vs. NFTY - Dividend Comparison
ZID.TO's dividend yield for the trailing twelve months is around 0.31%, less than NFTY's 1.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZID.TO BMO MSCI India ESG Leaders Index ETF | 0.31% | 0.28% | 1.18% | 0.29% | 1.24% | 0.11% | 0.11% | 0.74% | 0.38% | 1.15% | 0.64% | 0.23% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.65% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.40% | 0.52% |
Drawdowns
ZID.TO vs. NFTY - Drawdown Comparison
The maximum ZID.TO drawdown since its inception was -45.18%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for ZID.TO and NFTY. For additional features, visit the drawdowns tool.
Volatility
ZID.TO vs. NFTY - Volatility Comparison
BMO MSCI India ESG Leaders Index ETF (ZID.TO) has a higher volatility of 4.11% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.63%. This indicates that ZID.TO's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.