ZLB.TO vs. QQQ
Compare and contrast key facts about BMO Low Volatility Canadian Equity ETF (ZLB.TO) and Invesco QQQ (QQQ).
ZLB.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZLB.TO or QQQ.
Correlation
The correlation between ZLB.TO and QQQ 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.
Performance
ZLB.TO vs. QQQ - Performance Comparison
Key characteristics
ZLB.TO:
2.13
QQQ:
1.30
ZLB.TO:
3.19
QQQ:
1.78
ZLB.TO:
1.39
QQQ:
1.24
ZLB.TO:
2.80
QQQ:
1.76
ZLB.TO:
9.18
QQQ:
6.08
ZLB.TO:
1.74%
QQQ:
3.92%
ZLB.TO:
7.50%
QQQ:
18.35%
ZLB.TO:
-33.96%
QQQ:
-82.98%
ZLB.TO:
-1.27%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, ZLB.TO achieves a 2.39% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, ZLB.TO has underperformed QQQ with an annualized return of 8.86%, while QQQ has yielded a comparatively higher 18.06% annualized return.
ZLB.TO
2.39%
1.96%
4.28%
14.89%
8.72%
8.86%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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ZLB.TO vs. QQQ - Expense Ratio Comparison
ZLB.TO has a 0.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ZLB.TO vs. QQQ — Risk-Adjusted Performance Rank
ZLB.TO
QQQ
ZLB.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility Canadian Equity ETF (ZLB.TO) and Invesco QQQ (QQQ). 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.
Dividends
ZLB.TO vs. QQQ - Dividend Comparison
ZLB.TO's dividend yield for the trailing twelve months is around 2.32%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZLB.TO BMO Low Volatility Canadian Equity ETF | 2.32% | 2.37% | 2.67% | 2.66% | 2.39% | 2.83% | 2.44% | 2.76% | 2.52% | 2.94% | 2.34% | 1.94% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
ZLB.TO vs. QQQ - Drawdown Comparison
The maximum ZLB.TO drawdown since its inception was -33.96%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ZLB.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
ZLB.TO vs. QQQ - Volatility Comparison
The current volatility for BMO Low Volatility Canadian Equity ETF (ZLB.TO) is 2.35%, while Invesco QQQ (QQQ) has a volatility of 5.02%. This indicates that ZLB.TO experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.