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ZIU.TO vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ZIU.TO and ^GSPC 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. ^GSPC

Last updated May 31, 2025

Compare and contrast key facts about BMO S&P/TSX 60 Index ETF (ZIU.TO) and S&P 500 (^GSPC).

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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZIU.TO or ^GSPC.

Performance

ZIU.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BMO S&P/TSX 60 Index ETF (ZIU.TO) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ZIU.TO:

1.60

^GSPC:

0.66

Sortino Ratio

ZIU.TO:

2.33

^GSPC:

0.94

Omega Ratio

ZIU.TO:

1.34

^GSPC:

1.14

Calmar Ratio

ZIU.TO:

1.86

^GSPC:

0.60

Martin Ratio

ZIU.TO:

8.19

^GSPC:

2.28

Ulcer Index

ZIU.TO:

2.81%

^GSPC:

5.01%

Daily Std Dev

ZIU.TO:

13.82%

^GSPC:

19.77%

Max Drawdown

ZIU.TO:

-12.35%

^GSPC:

-56.78%

Current Drawdown

ZIU.TO:

-0.44%

^GSPC:

-3.78%

Returns By Period

In the year-to-date period, ZIU.TO achieves a 6.67% return, which is significantly higher than ^GSPC's 0.51% return.

ZIU.TO

YTD

6.67%

1M

5.61%

6M

3.45%

1Y

22.05%

3Y*

N/A

5Y*

N/A

10Y*

N/A

^GSPC

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Compare stocks, funds, or ETFs

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BMO S&P/TSX 60 Index ETF

S&P 500

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ZIU.TO vs. ^GSPC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZIU.TO
The Risk-Adjusted Performance Rank of ZIU.TO is 9191
Overall Rank
The Sharpe Ratio Rank of ZIU.TO is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of ZIU.TO is 9191
Sortino Ratio Rank
The Omega Ratio Rank of ZIU.TO is 9191
Omega Ratio Rank
The Calmar Ratio Rank of ZIU.TO is 9292
Calmar Ratio Rank
The Martin Ratio Rank of ZIU.TO is 9090
Martin Ratio Rank
^GSPC
The Risk-Adjusted Performance Rank of ^GSPC is 6565
Overall Rank
The Sharpe Ratio Rank of ^GSPC is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of ^GSPC is 6060
Sortino Ratio Rank
The Omega Ratio Rank of ^GSPC is 6363
Omega Ratio Rank
The Calmar Ratio Rank of ^GSPC is 6464
Calmar Ratio Rank
The Martin Ratio Rank of ^GSPC is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ZIU.TO vs. ^GSPC - 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 S&P 500 (^GSPC). 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.

The current ZIU.TO Sharpe Ratio is 1.60, which is higher than the ^GSPC Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of ZIU.TO and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

ZIU.TO vs. ^GSPC - Drawdown Comparison

The maximum ZIU.TO drawdown since its inception was -12.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ZIU.TO and ^GSPC.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ZIU.TO vs. ^GSPC - Volatility Comparison

The current volatility for BMO S&P/TSX 60 Index ETF (ZIU.TO) is 2.28%, while S&P 500 (^GSPC) has a volatility of 4.77%. This indicates that ZIU.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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