ZID.TO vs. ^NIFTY500
Compare and contrast key facts about BMO MSCI India ESG Leaders Index ETF (ZID.TO) and Nifty 500 (^NIFTY500).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZID.TO or ^NIFTY500.
Correlation
The correlation between ZID.TO and ^NIFTY500 is 0.61, 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. ^NIFTY500 - Performance Comparison
Key characteristics
ZID.TO:
0.20
^NIFTY500:
0.14
ZID.TO:
0.37
^NIFTY500:
0.28
ZID.TO:
1.05
^NIFTY500:
1.04
ZID.TO:
0.19
^NIFTY500:
0.14
ZID.TO:
0.51
^NIFTY500:
0.36
ZID.TO:
5.62%
^NIFTY500:
5.97%
ZID.TO:
14.61%
^NIFTY500:
15.34%
ZID.TO:
-45.18%
^NIFTY500:
-68.02%
ZID.TO:
-15.20%
^NIFTY500:
-15.37%
Returns By Period
The year-to-date returns for both investments are quite close, with ZID.TO having a -7.40% return and ^NIFTY500 slightly higher at -7.35%. Over the past 10 years, ZID.TO has underperformed ^NIFTY500 with an annualized return of 9.53%, while ^NIFTY500 has yielded a comparatively higher 11.34% annualized return.
ZID.TO
-7.40%
-3.46%
-10.03%
1.96%
11.44%
9.53%
^NIFTY500
-7.35%
-4.94%
-11.29%
2.27%
15.96%
11.34%
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Risk-Adjusted Performance
ZID.TO vs. ^NIFTY500 — Risk-Adjusted Performance Rank
ZID.TO
^NIFTY500
ZID.TO vs. ^NIFTY500 - 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 Nifty 500 (^NIFTY500). 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.
Drawdowns
ZID.TO vs. ^NIFTY500 - Drawdown Comparison
The maximum ZID.TO drawdown since its inception was -45.18%, smaller than the maximum ^NIFTY500 drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for ZID.TO and ^NIFTY500. For additional features, visit the drawdowns tool.
Volatility
ZID.TO vs. ^NIFTY500 - Volatility Comparison
The current volatility for BMO MSCI India ESG Leaders Index ETF (ZID.TO) is 4.00%, while Nifty 500 (^NIFTY500) has a volatility of 4.59%. This indicates that ZID.TO experiences smaller price fluctuations and is considered to be less risky than ^NIFTY500 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.