ZID.TO vs. ZEA.TO
Compare and contrast key facts about BMO MSCI India ESG Leaders Index ETF (ZID.TO) and BMO MSCI EAFE Index ETF (ZEA.TO).
ZID.TO and ZEA.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. ZEA.TO is a passively managed fund by BMO that tracks the performance of the MSCI EAFE Index. It was launched on Feb 10, 2014. Both ZID.TO and ZEA.TO 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 ZEA.TO.
Correlation
The correlation between ZID.TO and ZEA.TO is 0.50, 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. ZEA.TO - Performance Comparison
Key characteristics
ZID.TO:
0.10
ZEA.TO:
1.48
ZID.TO:
0.24
ZEA.TO:
2.09
ZID.TO:
1.03
ZEA.TO:
1.26
ZID.TO:
0.09
ZEA.TO:
2.52
ZID.TO:
0.26
ZEA.TO:
8.06
ZID.TO:
5.78%
ZEA.TO:
1.97%
ZID.TO:
14.64%
ZEA.TO:
10.70%
ZID.TO:
-45.18%
ZEA.TO:
-27.80%
ZID.TO:
-15.92%
ZEA.TO:
-0.89%
Returns By Period
In the year-to-date period, ZID.TO achieves a -8.19% return, which is significantly lower than ZEA.TO's 6.74% return. Over the past 10 years, ZID.TO has outperformed ZEA.TO with an annualized return of 9.55%, while ZEA.TO has yielded a comparatively lower 6.61% annualized return.
ZID.TO
-8.19%
-3.27%
-10.79%
0.41%
11.23%
9.55%
ZEA.TO
6.74%
3.19%
5.09%
14.61%
8.10%
6.61%
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ZID.TO vs. ZEA.TO - Expense Ratio Comparison
ZID.TO has a 0.67% expense ratio, which is higher than ZEA.TO's 0.22% expense ratio.
Risk-Adjusted Performance
ZID.TO vs. ZEA.TO — Risk-Adjusted Performance Rank
ZID.TO
ZEA.TO
ZID.TO vs. ZEA.TO - 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 BMO MSCI EAFE Index ETF (ZEA.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.
Dividends
ZID.TO vs. ZEA.TO - Dividend Comparison
ZID.TO's dividend yield for the trailing twelve months is around 0.31%, less than ZEA.TO's 2.61% 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% |
ZEA.TO BMO MSCI EAFE Index ETF | 2.61% | 2.78% | 3.02% | 3.08% | 2.49% | 2.74% | 2.95% | 3.05% | 2.40% | 2.80% | 2.43% | 2.37% |
Drawdowns
ZID.TO vs. ZEA.TO - Drawdown Comparison
The maximum ZID.TO drawdown since its inception was -45.18%, which is greater than ZEA.TO's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for ZID.TO and ZEA.TO. For additional features, visit the drawdowns tool.
Volatility
ZID.TO vs. ZEA.TO - Volatility Comparison
BMO MSCI India ESG Leaders Index ETF (ZID.TO) has a higher volatility of 4.36% compared to BMO MSCI EAFE Index ETF (ZEA.TO) at 2.93%. This indicates that ZID.TO's price experiences larger fluctuations and is considered to be riskier than ZEA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.