PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZJG.TO vs. XEG.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZJG.TO vs. XEG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Junior Gold Index ETF (ZJG.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO).

ZJG.TO and XEG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZJG.TO is a passively managed fund by BMO that tracks the performance of the Dow Jones North America Select Junior Gold Index. It was launched on Jan 19, 2010. XEG.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Capped Energy Index. It was launched on Mar 19, 2001. Both ZJG.TO and XEG.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.

Performance

ZJG.TO vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Junior Gold Index ETF (ZJG.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ZJG.TO vs. XEG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZJG.TO
BMO Junior Gold Index ETF		12.15%154.66%36.44%6.11%-0.89%-16.72%24.40%42.01%-18.76%11.85%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		41.93%16.72%14.08%3.52%53.25%83.71%-34.41%8.98%-27.05%-11.18%

Returns By Period

In the year-to-date period, ZJG.TO achieves a 12.15% return, which is significantly lower than XEG.TO's 41.93% return. Over the past 10 years, ZJG.TO has outperformed XEG.TO with an annualized return of 20.60%, while XEG.TO has yielded a comparatively lower 13.00% annualized return.

ZJG.TO

1D
8.29%
1M
-20.41%
YTD
12.15%
6M
28.29%
1Y
119.13%
3Y*
53.40%
5Y*
31.70%
10Y*
20.60%

XEG.TO

1D
-0.62%
1M
15.54%
YTD
41.93%
6M
49.98%
1Y
59.58%
3Y*
26.94%
5Y*
32.83%
10Y*
13.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Junior Gold Index ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with ZJG.TO:
ZJG.TO vs. SGDJZJG.TO vs. ZGD.TOZJG.TO vs. XGD.TOZJG.TO vs. ZGLD.TOZJG.TO vs. XMA.TOZJG.TO vs. RINGZJG.TO vs. KNT.TO
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TOXEG.TO vs. HXE.TOXEG.TO vs. XSP.TO

ZJG.TO vs. XEG.TO - Expense Ratio Comparison

Both ZJG.TO and XEG.TO have an expense ratio of 0.61%.

ZJG.TO
BMO Junior Gold Index ETF
XEG.TO
iShares S&P/TSX Capped Energy Index ETF

Return for Risk

ZJG.TO vs. XEG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZJG.TO
ZJG.TO Risk / Return Rank: 9494
Overall Rank
ZJG.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
ZJG.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ZJG.TO Omega Ratio Rank: 9393
Omega Ratio Rank
ZJG.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
ZJG.TO Martin Ratio Rank: 9393
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 9292
Overall Rank
XEG.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 9393
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZJG.TO vs. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Junior Gold Index ETF (ZJG.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.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.

ZJG.TOXEG.TODifference

Sharpe ratio

Return per unit of total volatility

2.62

2.31

+0.32

Sortino ratio

Return per unit of downside risk

2.78

2.76

+0.02

Omega ratio

Gain probability vs. loss probability

1.41

1.42

0.00

Calmar ratio

Return relative to maximum drawdown

3.75

2.98

+0.77

Martin ratio

Return relative to average drawdown

13.39

10.68

+2.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZJG.TO vs. XEG.TO - Sharpe Ratio Comparison

The current ZJG.TO Sharpe Ratio is 2.62, which is comparable to the XEG.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ZJG.TO and XEG.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

ZJG.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

2.31

+0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

1.16

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.39

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.28

-0.09

Correlation

The correlation between ZJG.TO and XEG.TO is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZJG.TO vs. XEG.TO - Dividend Comparison

ZJG.TO's dividend yield for the trailing twelve months is around 0.10%, less than XEG.TO's 2.70% yield.

TTM20252024202320222021202020192018201720162015
ZJG.TO
BMO Junior Gold Index ETF		0.10%0.12%0.68%0.90%0.83%0.36%0.00%0.00%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.70%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Drawdowns

ZJG.TO vs. XEG.TO - Drawdown Comparison

The maximum ZJG.TO drawdown since its inception was -81.59%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for ZJG.TO and XEG.TO.

Loading graphics...

Drawdown Indicators

ZJG.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-81.59%

-87.74%

+6.15%

Max Drawdown (1Y)

Largest decline over 1 year

-32.02%

-20.69%

-11.33%

Max Drawdown (5Y)

Largest decline over 5 years

-41.63%

-28.42%

-13.21%

Max Drawdown (10Y)

Largest decline over 10 years

-48.58%

-79.66%

+31.08%

Current Drawdown

Current decline from peak

-20.85%

-1.13%

-19.72%

Average Drawdown

Average peak-to-trough decline

-49.37%

-29.36%

-20.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.98%

5.78%

+3.20%

Volatility

ZJG.TO vs. XEG.TO - Volatility Comparison

BMO Junior Gold Index ETF (ZJG.TO) has a higher volatility of 18.91% compared to iShares S&P/TSX Capped Energy Index ETF (XEG.TO) at 5.36%. This indicates that ZJG.TO's price experiences larger fluctuations and is considered to be riskier than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ZJG.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

18.91%

5.36%

+13.55%

Volatility (6M)

Calculated over the trailing 6-month period

39.13%

14.71%

+24.42%

Volatility (1Y)

Calculated over the trailing 1-year period

45.65%

25.99%

+19.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.72%

28.48%

+7.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

38.46%

33.30%

+5.16%