ZID.TO vs. VVL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO MSCI India ESG Leaders Index ETF (ZID.TO) and Vanguard Global Value Factor ETF CAD (VVL.TO).

ZID.TO and VVL.TO 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. VVL.TO is an actively managed fund by Vanguard. It was launched on Jun 14, 2016.

Performance

ZID.TO vs. VVL.TO - 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 Vanguard Global Value Factor ETF CAD (VVL.TO). The values are adjusted to include any dividend payments, if applicable.

ZID.TO vs. VVL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZID.TO BMO MSCI India ESG Leaders Index ETF	-18.10%	-0.67%	19.13%	11.89%	-4.71%	25.55%	15.79%	7.37%	8.20%	34.21%
VVL.TO Vanguard Global Value Factor ETF CAD	3.80%	21.53%	14.96%	16.51%	0.45%	29.74%	-3.32%	13.38%	-9.42%	12.32%

Returns By Period

In the year-to-date period, ZID.TO achieves a -18.10% return, which is significantly lower than VVL.TO's 3.80% return.

ZID.TO

• 1D: 2.16%
• 1M: -11.36%
• YTD: -18.10%
• 6M: -15.40%
• 1Y: -16.03%
• 3Y*: 4.42%
• 5Y*: 3.47%
• 10Y*: 9.30%

VVL.TO

• 1D: 2.04%
• 1M: -3.64%
• YTD: 3.80%
• 6M: 8.67%
• 1Y: 24.81%
• 3Y*: 18.53%
• 5Y*: 13.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZID.TO vs. VVL.TO - Expense Ratio Comparison

ZID.TO has a 0.67% expense ratio, which is higher than VVL.TO's 0.38% expense ratio.

ZID.TO

BMO MSCI India ESG Leaders Index ETF

VVL.TO

Vanguard Global Value Factor ETF CAD

Return for Risk

ZID.TO vs. VVL.TO — 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: 1
ZID.TO Sharpe Ratio Rank: 1
ZID.TO Sortino Ratio Rank: 1
ZID.TO Omega Ratio Rank: 1
ZID.TO Calmar Ratio Rank: 2
ZID.TO Martin Ratio Rank: 0

VVL.TO

VVL.TO Risk / Return Rank: 72
VVL.TO Sharpe Ratio Rank: 73
VVL.TO Sortino Ratio Rank: 72
VVL.TO Omega Ratio Rank: 73
VVL.TO Calmar Ratio Rank: 72
VVL.TO Martin Ratio Rank: 72

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. VVL.TO - 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 Vanguard Global Value Factor ETF CAD (VVL.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.

	ZID.TO	VVL.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.94	1.26	-2.20
Sortino ratio Return per unit of downside risk	-1.31	1.77	-3.08
Omega ratio Gain probability vs. loss probability	0.85	1.26	-0.41
Calmar ratio Return relative to maximum drawdown	-0.64	1.79	-2.43
Martin ratio Return relative to average drawdown	-1.99	7.07	-9.06
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. VVL.TO - Sharpe Ratio Comparison

The current ZID.TO Sharpe Ratio is -0.94, which is lower than the VVL.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of ZID.TO and VVL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZID.TO	VVL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	1.26	-2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.83	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.63	-0.27

Correlation

The correlation between ZID.TO and VVL.TO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZID.TO vs. VVL.TO - Dividend Comparison

ZID.TO's dividend yield for the trailing twelve months is around 0.84%, less than VVL.TO's 1.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VVL.TO Vanguard Global Value Factor ETF CAD	1.82%	1.89%	2.19%	2.65%	2.52%	1.48%	1.67%	2.60%	2.11%	1.33%	0.59%	0.00%

Drawdowns

ZID.TO vs. VVL.TO - Drawdown Comparison

The maximum ZID.TO drawdown since its inception was -45.18%, roughly equal to the maximum VVL.TO drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZID.TO and VVL.TO.

Drawdown Indicators

	ZID.TO	VVL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.18%	-43.93%	-1.25%
Max Drawdown (1Y) Largest decline over 1 year	-24.35%	-14.38%	-9.97%
Max Drawdown (5Y) Largest decline over 5 years	-27.08%	-18.10%	-8.98%
Max Drawdown (10Y) Largest decline over 10 years	-45.18%	—	—
Current Drawdown Current decline from peak	-25.50%	-4.83%	-20.67%
Average Drawdown Average peak-to-trough decline	-11.19%	-5.79%	-5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.82%	3.63%	+4.19%

Volatility

ZID.TO vs. VVL.TO - Volatility Comparison

BMO MSCI India ESG Leaders Index ETF (ZID.TO) has a higher volatility of 7.38% compared to Vanguard Global Value Factor ETF CAD (VVL.TO) at 5.32%. This indicates that ZID.TO's price experiences larger fluctuations and is considered to be riskier than VVL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZID.TO	VVL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.38%	5.32%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	10.48%	+1.98%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	19.82%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	16.08%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	18.85%	+0.93%