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ZJG.TO vs. ZUQ.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZJG.TO vs. ZUQ.TO

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Junior Gold Index ETF (ZJG.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.TO).

ZJG.TO and ZUQ.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. ZUQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Quality Index. It was launched on Nov 4, 2014. Both ZJG.TO and ZUQ.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. ZUQ.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 BMO MSCI USA High Quality Index ETF (ZUQ.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)202520242023202220212020201920182017
ZJG.TO
BMO Junior Gold Index ETF		16.61%154.66%36.44%6.11%-0.89%-16.72%24.40%42.01%-18.76%11.85%
ZUQ.TO
BMO MSCI USA High Quality Index ETF		-1.91%5.78%34.02%33.24%-18.33%26.40%19.92%31.74%4.70%16.90%

Returns By Period

In the year-to-date period, ZJG.TO achieves a 16.61% return, which is significantly higher than ZUQ.TO's -1.91% return. Over the past 10 years, ZJG.TO has outperformed ZUQ.TO with an annualized return of 21.07%, while ZUQ.TO has yielded a comparatively lower 14.97% annualized return.

ZJG.TO

1D
3.98%
1M
-17.70%
YTD
16.61%
6M
31.55%
1Y
130.78%
3Y*
55.41%
5Y*
32.73%
10Y*
21.07%

ZUQ.TO

1D
0.59%
1M
-3.99%
YTD
-1.91%
6M
-4.32%
1Y
7.69%
3Y*
18.78%
5Y*
13.12%
10Y*
14.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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BMO Junior Gold Index ETF

BMO MSCI USA High Quality Index ETF

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

ZJG.TO has a 0.61% expense ratio, which is higher than ZUQ.TO's 0.33% expense ratio.

ZJG.TO
BMO Junior Gold Index ETF
ZUQ.TO
BMO MSCI USA High Quality Index ETF

Return for Risk

ZJG.TO vs. ZUQ.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: 9797
Sharpe Ratio Rank
ZJG.TO Sortino Ratio Rank: 9393
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
ZUQ.TO
ZUQ.TO Risk / Return Rank: 2525
Overall Rank
ZUQ.TO Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
ZUQ.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
ZUQ.TO Omega Ratio Rank: 2525
Omega Ratio Rank
ZUQ.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
ZUQ.TO Martin Ratio Rank: 2525
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. ZUQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Junior Gold Index ETF (ZJG.TO) and BMO MSCI USA High Quality Index ETF (ZUQ.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.TOZUQ.TODifference

Sharpe ratio

Return per unit of total volatility

2.87

0.43

+2.44

Sortino ratio

Return per unit of downside risk

2.95

0.71

+2.24

Omega ratio

Gain probability vs. loss probability

1.44

1.11

+0.34

Calmar ratio

Return relative to maximum drawdown

3.99

0.64

+3.35

Martin ratio

Return relative to average drawdown

14.16

1.88

+12.28

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. ZUQ.TO - Sharpe Ratio Comparison

The current ZJG.TO Sharpe Ratio is 2.87, which is higher than the ZUQ.TO Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of ZJG.TO and ZUQ.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.

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Sharpe Ratios by Period

ZJG.TOZUQ.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.87

0.43

+2.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

0.80

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.86

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.88

-0.69

Correlation

The correlation between ZJG.TO and ZUQ.TO is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ZJG.TO vs. ZUQ.TO - Dividend Comparison

ZJG.TO's dividend yield for the trailing twelve months is around 0.10%, less than ZUQ.TO's 0.48% 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%
ZUQ.TO
BMO MSCI USA High Quality Index ETF		0.48%0.46%0.57%0.86%0.99%0.80%0.96%0.96%1.07%1.16%1.00%0.88%

Drawdowns

ZJG.TO vs. ZUQ.TO - Drawdown Comparison

The maximum ZJG.TO drawdown since its inception was -81.59%, which is greater than ZUQ.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for ZJG.TO and ZUQ.TO.

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Drawdown Indicators

ZJG.TOZUQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-81.59%

-26.94%

-54.65%

Max Drawdown (1Y)

Largest decline over 1 year

-32.02%

-11.04%

-20.98%

Max Drawdown (5Y)

Largest decline over 5 years

-41.63%

-26.94%

-14.69%

Max Drawdown (10Y)

Largest decline over 10 years

-48.58%

-26.94%

-21.64%

Current Drawdown

Current decline from peak

-17.70%

-7.63%

-10.07%

Average Drawdown

Average peak-to-trough decline

-49.37%

-4.64%

-44.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.03%

3.74%

+5.29%

Volatility

ZJG.TO vs. ZUQ.TO - Volatility Comparison

BMO Junior Gold Index ETF (ZJG.TO) has a higher volatility of 17.74% compared to BMO MSCI USA High Quality Index ETF (ZUQ.TO) at 5.01%. This indicates that ZJG.TO's price experiences larger fluctuations and is considered to be riskier than ZUQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZJG.TOZUQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.74%

5.01%

+12.73%

Volatility (6M)

Calculated over the trailing 6-month period

39.30%

10.28%

+29.02%

Volatility (1Y)

Calculated over the trailing 1-year period

45.80%

17.95%

+27.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.72%

16.40%

+19.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

38.48%

17.54%

+20.94%