ZLB.TO vs. XUT.TO
Compare and contrast key facts about BMO Low Volatility Canadian Equity ETF (ZLB.TO) and iShares S&P/TSX Capped Utilities Index ETF (XUT.TO).
ZLB.TO and XUT.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. XUT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Apr 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZLB.TO or XUT.TO.
Correlation
The correlation between ZLB.TO and XUT.TO is 0.79, 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. XUT.TO - Performance Comparison
Key characteristics
ZLB.TO:
2.13
XUT.TO:
1.33
ZLB.TO:
3.19
XUT.TO:
1.98
ZLB.TO:
1.39
XUT.TO:
1.24
ZLB.TO:
2.80
XUT.TO:
0.67
ZLB.TO:
9.18
XUT.TO:
5.33
ZLB.TO:
1.74%
XUT.TO:
3.11%
ZLB.TO:
7.50%
XUT.TO:
12.44%
ZLB.TO:
-33.96%
XUT.TO:
-37.65%
ZLB.TO:
-1.27%
XUT.TO:
-5.98%
Returns By Period
In the year-to-date period, ZLB.TO achieves a 2.39% return, which is significantly higher than XUT.TO's 1.58% return. Over the past 10 years, ZLB.TO has outperformed XUT.TO with an annualized return of 8.86%, while XUT.TO has yielded a comparatively lower 6.48% annualized return.
ZLB.TO
2.39%
1.96%
4.28%
14.89%
8.72%
8.86%
XUT.TO
1.58%
2.28%
6.35%
16.86%
2.27%
6.48%
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ZLB.TO vs. XUT.TO - Expense Ratio Comparison
ZLB.TO has a 0.39% expense ratio, which is lower than XUT.TO's 0.61% expense ratio.
Risk-Adjusted Performance
ZLB.TO vs. XUT.TO — Risk-Adjusted Performance Rank
ZLB.TO
XUT.TO
ZLB.TO vs. XUT.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 S&P/TSX Capped Utilities Index ETF (XUT.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. XUT.TO - Dividend Comparison
ZLB.TO's dividend yield for the trailing twelve months is around 2.32%, less than XUT.TO's 3.97% 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% |
XUT.TO iShares S&P/TSX Capped Utilities Index ETF | 3.97% | 4.00% | 3.90% | 3.80% | 2.99% | 4.43% | 3.51% | 4.45% | 3.51% | 3.68% | 3.98% | 3.52% |
Drawdowns
ZLB.TO vs. XUT.TO - Drawdown Comparison
The maximum ZLB.TO drawdown since its inception was -33.96%, smaller than the maximum XUT.TO drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for ZLB.TO and XUT.TO. For additional features, visit the drawdowns tool.
Volatility
ZLB.TO vs. XUT.TO - Volatility Comparison
The current volatility for BMO Low Volatility Canadian Equity ETF (ZLB.TO) is 2.35%, while iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) has a volatility of 3.19%. This indicates that ZLB.TO experiences smaller price fluctuations and is considered to be less risky than XUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.