Correlation
The correlation between ZIU.TO and VCE.TO is 0.55, 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.
ZIU.TO vs. VCE.TO
Compare and contrast key facts about BMO S&P/TSX 60 Index ETF (ZIU.TO) and Vanguard FTSE Canada Index ETF (VCE.TO).
ZIU.TO and VCE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZIU.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX 60 Index. It was launched on Sep 26, 2023. VCE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada Domestic Index. It was launched on Nov 30, 2011. Both ZIU.TO and VCE.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: ZIU.TO or VCE.TO.
Performance
ZIU.TO vs. VCE.TO - Performance Comparison
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Key characteristics
ZIU.TO:
1.60
VCE.TO:
1.63
ZIU.TO:
2.33
VCE.TO:
2.28
ZIU.TO:
1.34
VCE.TO:
1.34
ZIU.TO:
1.86
VCE.TO:
1.99
ZIU.TO:
8.19
VCE.TO:
8.87
ZIU.TO:
2.81%
VCE.TO:
2.73%
ZIU.TO:
13.82%
VCE.TO:
14.13%
ZIU.TO:
-12.35%
VCE.TO:
-35.92%
ZIU.TO:
-0.44%
VCE.TO:
-0.41%
Returns By Period
The year-to-date returns for both investments are quite close, with ZIU.TO having a 6.67% return and VCE.TO slightly higher at 6.95%.
ZIU.TO
6.67%
4.60%
3.45%
21.50%
N/A
N/A
N/A
VCE.TO
6.95%
5.05%
3.39%
21.69%
12.00%
15.50%
9.37%
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ZIU.TO vs. VCE.TO - Expense Ratio Comparison
ZIU.TO has a 0.15% expense ratio, which is higher than VCE.TO's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZIU.TO vs. VCE.TO — Risk-Adjusted Performance Rank
ZIU.TO
VCE.TO
ZIU.TO vs. VCE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P/TSX 60 Index ETF (ZIU.TO) and Vanguard FTSE Canada Index ETF (VCE.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.
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Dividends
ZIU.TO vs. VCE.TO - Dividend Comparison
ZIU.TO's dividend yield for the trailing twelve months is around 2.56%, less than VCE.TO's 2.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZIU.TO BMO S&P/TSX 60 Index ETF | 2.56% | 2.70% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCE.TO Vanguard FTSE Canada Index ETF | 2.78% | 2.89% | 3.23% | 3.29% | 2.67% | 3.00% | 3.08% | 3.28% | 2.63% | 2.70% | 3.05% | 2.55% |
Drawdowns
ZIU.TO vs. VCE.TO - Drawdown Comparison
The maximum ZIU.TO drawdown since its inception was -12.35%, smaller than the maximum VCE.TO drawdown of -35.92%. Use the drawdown chart below to compare losses from any high point for ZIU.TO and VCE.TO.
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Volatility
ZIU.TO vs. VCE.TO - Volatility Comparison
BMO S&P/TSX 60 Index ETF (ZIU.TO) has a higher volatility of 2.28% compared to Vanguard FTSE Canada Index ETF (VCE.TO) at 2.17%. This indicates that ZIU.TO's price experiences larger fluctuations and is considered to be riskier than VCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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