ZLB.TO vs. XBAL.TO
Compare and contrast key facts about BMO Low Volatility Canadian Equity ETF (ZLB.TO) and iShares Core Balanced ETF Portfolio (XBAL.TO).
ZLB.TO and XBAL.TO 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. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZLB.TO or XBAL.TO.
Correlation
The correlation between ZLB.TO and XBAL.TO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZLB.TO vs. XBAL.TO - Performance Comparison
Key characteristics
ZLB.TO:
2.13
XBAL.TO:
2.43
ZLB.TO:
3.19
XBAL.TO:
3.47
ZLB.TO:
1.39
XBAL.TO:
1.45
ZLB.TO:
2.80
XBAL.TO:
4.61
ZLB.TO:
9.18
XBAL.TO:
16.36
ZLB.TO:
1.74%
XBAL.TO:
1.00%
ZLB.TO:
7.50%
XBAL.TO:
6.72%
ZLB.TO:
-33.96%
XBAL.TO:
-28.78%
ZLB.TO:
-1.27%
XBAL.TO:
-1.10%
Returns By Period
In the year-to-date period, ZLB.TO achieves a 2.39% return, which is significantly higher than XBAL.TO's 2.03% return. Over the past 10 years, ZLB.TO has outperformed XBAL.TO with an annualized return of 8.86%, while XBAL.TO has yielded a comparatively lower 5.97% annualized return.
ZLB.TO
2.39%
1.96%
4.28%
14.89%
8.72%
8.86%
XBAL.TO
2.03%
0.13%
6.51%
15.39%
6.95%
5.97%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZLB.TO vs. XBAL.TO - Expense Ratio Comparison
ZLB.TO has a 0.39% expense ratio, which is higher than XBAL.TO's 0.20% expense ratio.
Risk-Adjusted Performance
ZLB.TO vs. XBAL.TO — Risk-Adjusted Performance Rank
ZLB.TO
XBAL.TO
ZLB.TO vs. XBAL.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility Canadian Equity ETF (ZLB.TO) and iShares Core Balanced ETF Portfolio (XBAL.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.
Dividends
ZLB.TO vs. XBAL.TO - Dividend Comparison
ZLB.TO's dividend yield for the trailing twelve months is around 2.32%, less than XBAL.TO's 2.67% 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% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.67% | 2.72% | 2.43% | 2.12% | 1.77% | 2.02% | 2.30% | 3.44% | 2.97% | 3.69% | 3.34% | 6.60% |
Drawdowns
ZLB.TO vs. XBAL.TO - Drawdown Comparison
The maximum ZLB.TO drawdown since its inception was -33.96%, which is greater than XBAL.TO's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for ZLB.TO and XBAL.TO. For additional features, visit the drawdowns tool.
Volatility
ZLB.TO vs. XBAL.TO - Volatility Comparison
BMO Low Volatility Canadian Equity ETF (ZLB.TO) has a higher volatility of 2.35% compared to iShares Core Balanced ETF Portfolio (XBAL.TO) at 2.08%. This indicates that ZLB.TO's price experiences larger fluctuations and is considered to be riskier than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.