ZLU.TO vs. ZSP.TO
Compare and contrast key facts about BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) and BMO S&P 500 Index ETF (ZSP.TO).
ZLU.TO and ZSP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZLU.TO is an actively managed fund by BMO. It was launched on Mar 19, 2013. ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZLU.TO or ZSP.TO.
Correlation
The correlation between ZLU.TO and ZSP.TO is 0.58, 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
ZLU.TO vs. ZSP.TO - Performance Comparison
Key characteristics
ZLU.TO:
2.15
ZSP.TO:
2.38
ZLU.TO:
3.08
ZSP.TO:
3.31
ZLU.TO:
1.40
ZSP.TO:
1.44
ZLU.TO:
3.59
ZSP.TO:
3.70
ZLU.TO:
11.39
ZSP.TO:
16.82
ZLU.TO:
1.86%
ZSP.TO:
1.70%
ZLU.TO:
9.87%
ZSP.TO:
12.00%
ZLU.TO:
-25.49%
ZSP.TO:
-26.94%
ZLU.TO:
-0.58%
ZSP.TO:
-2.59%
Returns By Period
In the year-to-date period, ZLU.TO achieves a 3.74% return, which is significantly higher than ZSP.TO's 1.40% return. Over the past 10 years, ZLU.TO has underperformed ZSP.TO with an annualized return of 10.48%, while ZSP.TO has yielded a comparatively higher 14.20% annualized return.
ZLU.TO
3.74%
3.05%
8.05%
21.15%
8.76%
10.48%
ZSP.TO
1.40%
-2.16%
13.02%
26.12%
15.66%
14.20%
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ZLU.TO vs. ZSP.TO - Expense Ratio Comparison
ZLU.TO has a 0.33% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
ZLU.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
ZLU.TO
ZSP.TO
ZLU.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) and BMO S&P 500 Index ETF (ZSP.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
ZLU.TO vs. ZSP.TO - Dividend Comparison
ZLU.TO's dividend yield for the trailing twelve months is around 1.90%, more than ZSP.TO's 0.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZLU.TO BMO Low Volatility US Equity ETF (CAD) | 1.90% | 1.97% | 2.39% | 1.95% | 1.76% | 1.83% | 1.57% | 1.89% | 2.00% | 2.36% | 1.80% | 1.38% |
ZSP.TO BMO S&P 500 Index ETF | 0.93% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
ZLU.TO vs. ZSP.TO - Drawdown Comparison
The maximum ZLU.TO drawdown since its inception was -25.49%, smaller than the maximum ZSP.TO drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for ZLU.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
ZLU.TO vs. ZSP.TO - Volatility Comparison
BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) has a higher volatility of 3.66% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.20%. This indicates that ZLU.TO's price experiences larger fluctuations and is considered to be riskier than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.