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ZLD.TO vs. XDSR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZLD.TO vs. XDSR.TO

Last updated Jul 1, 2026
See Documentation

ZLD.TO (BMO Low Volatility International Equity Hedged to CAD ETF) and XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, ZLD.TO returned 6.03%/yr vs 10.24%/yr for XDSR.TO. At a 0.40 correlation, their price movements are largely independent. ZLD.TO charges 0.40%/yr vs 0.28%/yr for XDSR.TO.

Performance

ZLD.TO vs. XDSR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) and iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ZLD.TO achieves a 2.40% return, which is significantly lower than XDSR.TO's 16.92% return.

ZLD.TO

1D
-0.20%
1M
1.10%
YTD
2.40%
6M
2.20%
1Y
2.90%
3Y*
8.86%
5Y*
6.03%
10Y*
6.30%

XDSR.TO

1D
0.57%
1M
5.30%
YTD
16.92%
6M
16.55%
1Y
23.27%
3Y*
17.92%
5Y*
10.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZLD.TO vs. XDSR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ZLD.TO
BMO Low Volatility International Equity Hedged to CAD ETF		2.40%9.63%11.11%11.37%-6.68%12.56%10.46%
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		16.92%16.99%12.43%16.82%-14.11%10.06%23.07%

Correlation

The correlation between ZLD.TO and XDSR.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2020

0.40

Compare stocks, funds, or ETFs

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

BMO Low Volatility International Equity Hedged to CAD ETF

iShares ESG Advanced MSCI EAFE Index ETF

Often compared with XDSR.TO:
XDSR.TO vs. XSEA.TOXDSR.TO vs. XSEM.TOXDSR.TO vs. XEN.TOXDSR.TO vs. XAW.TOXDSR.TO vs. IMTMXDSR.TO vs. XUSR.TOXDSR.TO vs. XEQT.TO

Return for Risk

ZLD.TO vs. XDSR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZLD.TO
ZLD.TO Risk / Return Rank: 1313
Overall Rank
ZLD.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
ZLD.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
ZLD.TO Omega Ratio Rank: 1212
Omega Ratio Rank
ZLD.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
ZLD.TO Martin Ratio Rank: 1313
Martin Ratio Rank
XDSR.TO
XDSR.TO Risk / Return Rank: 4949
Overall Rank
XDSR.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
XDSR.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
XDSR.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XDSR.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XDSR.TO Martin Ratio Rank: 5252
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.

ZLD.TO vs. XDSR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) and iShares ESG Advanced MSCI EAFE Index ETF (XDSR.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ZLD.TOXDSR.TODifference
Sharpe ratioReturn per unit of total volatility
0.35
1.49

-1.14

Sortino ratioReturn per unit of downside risk
0.54
2.19

-1.64

Omega ratioGain probability vs. loss probability

1.06

1.27

-0.21

Calmar ratioReturn relative to maximum drawdown

0.41

1.94

-1.53

Martin ratioReturn relative to average drawdown

0.89

7.60

-6.71

ZLD.TO vs. XDSR.TO - Sharpe Ratio Comparison

The current ZLD.TO Sharpe Ratio is 0.35, which is lower than the XDSR.TO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ZLD.TO and XDSR.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZLD.TO vs. XDSR.TO - Drawdown Comparison

The maximum ZLD.TO drawdown since its inception was -28.97%, roughly equal to the maximum XDSR.TO drawdown of -29.62%. Use the drawdown chart below to compare losses from any high point for ZLD.TO and XDSR.TO.

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Drawdown Indicators

ZLD.TOXDSR.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.97%

-29.62%

+0.65%

Max Drawdown (1Y)

Largest decline over 1 year

-7.09%

-12.06%

+4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-7.47%

-15.63%

+8.16%

Max Drawdown (5Y)

Largest decline over 5 years

-15.02%

-29.62%

+14.60%

Max Drawdown (10Y)

Largest decline over 10 years

-28.97%

—

—

Current Drawdown

Current decline from peak

-4.89%

-0.44%

-4.45%

Average Drawdown

Average peak-to-trough decline

-3.69%

-6.28%

+2.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

3.07%

+0.20%

Volatility

ZLD.TO vs. XDSR.TO - Volatility Comparison

The current volatility for BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) is 1.67%, while iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) has a volatility of 5.74%. This indicates that ZLD.TO experiences smaller price fluctuations and is considered to be less risky than XDSR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZLD.TOXDSR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.67%

5.74%

-4.07%

Volatility (6M)

Calculated over the trailing 6-month period

6.28%

13.50%

-7.22%

Volatility (1Y)

Calculated over the trailing 1-year period

8.33%

15.71%

-7.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.98%

15.03%

-5.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.85%

14.82%

-1.97%

ZLD.TO vs. XDSR.TO - Expense Ratio Comparison

ZLD.TO has a 0.40% expense ratio, which is higher than XDSR.TO's 0.28% expense ratio.

Dividends

ZLD.TO vs. XDSR.TO - Dividend Comparison

ZLD.TO's dividend yield for the trailing twelve months is around 2.26%, more than XDSR.TO's 1.68% yield.

PositionTTM2025202420232022202120202019201820172016
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		1.68%1.83%1.94%1.94%2.27%1.45%0.77%0.00%0.00%0.00%0.00%
ZLD.TO
BMO Low Volatility International Equity Hedged to CAD ETF		2.26%2.29%2.45%2.66%2.62%2.31%2.62%2.17%2.36%2.23%1.96%

Frequently Asked Questions

ZLD.TO and XDSR.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDSR.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDSR.TO is cheaper with a 0.28% expense ratio, compared with 0.40% for ZLD.TO.

They also come from different issuers: BMO and iShares. Their fees differ too: 0.40% for ZLD.TO and 0.28% for XDSR.TO.

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