Correlation
The correlation between ZIU.TO and XDIV.TO is 0.53, 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. XDIV.TO
Compare and contrast key facts about BMO S&P/TSX 60 Index ETF (ZIU.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
ZIU.TO and XDIV.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. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017. Both ZIU.TO and XDIV.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 XDIV.TO.
Performance
ZIU.TO vs. XDIV.TO - Performance Comparison
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Key characteristics
ZIU.TO:
1.60
XDIV.TO:
1.74
ZIU.TO:
2.33
XDIV.TO:
2.23
ZIU.TO:
1.34
XDIV.TO:
1.36
ZIU.TO:
1.86
XDIV.TO:
1.91
ZIU.TO:
8.19
XDIV.TO:
6.64
ZIU.TO:
2.81%
XDIV.TO:
3.03%
ZIU.TO:
13.82%
XDIV.TO:
11.36%
ZIU.TO:
-12.35%
XDIV.TO:
-41.30%
ZIU.TO:
-0.44%
XDIV.TO:
-0.33%
Returns By Period
The year-to-date returns for both investments are quite close, with ZIU.TO having a 6.67% return and XDIV.TO slightly higher at 6.73%.
ZIU.TO
6.67%
4.60%
3.45%
21.50%
N/A
N/A
N/A
XDIV.TO
6.73%
2.99%
0.69%
18.42%
11.31%
16.66%
N/A
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ZIU.TO vs. XDIV.TO - Expense Ratio Comparison
ZIU.TO has a 0.15% expense ratio, which is higher than XDIV.TO's 0.11% 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. XDIV.TO — Risk-Adjusted Performance Rank
ZIU.TO
XDIV.TO
ZIU.TO vs. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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. XDIV.TO - Dividend Comparison
ZIU.TO's dividend yield for the trailing twelve months is around 2.56%, less than XDIV.TO's 4.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 4.15% | 4.40% | 4.30% | 4.04% | 3.66% | 4.69% | 4.11% | 4.97% | 1.86% |
Drawdowns
ZIU.TO vs. XDIV.TO - Drawdown Comparison
The maximum ZIU.TO drawdown since its inception was -12.35%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for ZIU.TO and XDIV.TO.
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Volatility
ZIU.TO vs. XDIV.TO - Volatility Comparison
BMO S&P/TSX 60 Index ETF (ZIU.TO) has a higher volatility of 2.28% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 1.37%. This indicates that ZIU.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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