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ZNQ.TO vs. IAG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZNQ.TO vs. IAG.TO

Last updated Jun 4, 2026

ZNQ.TO (BMO NASDAQ 100 Equity Index ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while IAG.TO (iA Financial Corporation Inc.) is a stock. Over the past 5 years, ZNQ.TO returned 20.92%/yr vs 23.48%/yr for IAG.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

ZNQ.TO vs. IAG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and iA Financial Corporation Inc. (IAG.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ZNQ.TO achieves a 22.76% return, which is significantly higher than IAG.TO's -2.43% return.

ZNQ.TO

1D
0.25%
1M
13.05%
YTD
22.76%
6M
18.72%
1Y
42.93%
3Y*
29.76%
5Y*
20.92%
10Y*
—

IAG.TO

1D
-0.68%
1M
-1.82%
YTD
-2.43%
6M
5.03%
1Y
25.37%
3Y*
28.10%
5Y*
23.48%
10Y*
18.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZNQ.TO vs. IAG.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF		22.76%14.60%35.84%51.32%-28.06%26.59%44.65%22.90%
IAG.TO
iA Financial Corporation Inc.		-2.43%36.86%52.61%17.93%13.64%35.04%-19.68%50.46%

Correlation

The correlation between ZNQ.TO and IAG.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.28

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

0.28

Correlation (All Time)
Calculated using the full available price history since Feb 13, 2019

0.25

Compare stocks, funds, or ETFs

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BMO NASDAQ 100 Equity Index ETF

iA Financial Corporation Inc.

Often compared with ZNQ.TO:
ZNQ.TO vs. ZQQ.TOZNQ.TO vs. QQC.TOZNQ.TO vs. HXQ.TOZNQ.TO vs. TEC.TOZNQ.TO vs. VFV.TOZNQ.TO vs. QQQZNQ.TO vs. ZSP.TO
Often compared with IAG.TO:
IAG.TO vs. IFC.TOIAG.TO vs. MFC.TOIAG.TO vs. TEC.TOIAG.TO vs. GWO.TOIAG.TO vs. DOL.TOIAG.TO vs. RY.TOIAG.TO vs. VFV.TO

Return for Risk

ZNQ.TO vs. IAG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZNQ.TO
ZNQ.TO Risk / Return Rank: 7474
Overall Rank
ZNQ.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ZNQ.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
ZNQ.TO Omega Ratio Rank: 7979
Omega Ratio Rank
ZNQ.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
ZNQ.TO Martin Ratio Rank: 6060
Martin Ratio Rank
IAG.TO
IAG.TO Risk / Return Rank: 6868
Overall Rank
IAG.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IAG.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
IAG.TO Omega Ratio Rank: 7070
Omega Ratio Rank
IAG.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
IAG.TO Martin Ratio Rank: 7070
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.

ZNQ.TO vs. IAG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and iA Financial Corporation Inc. (IAG.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.

ZNQ.TOIAG.TODifference
Sharpe ratioReturn per unit of total volatility
2.75
1.08

+1.68

Sortino ratioReturn per unit of downside risk
3.58
1.35

+2.23

Omega ratioGain probability vs. loss probability

1.48

1.23

+0.26

Calmar ratioReturn relative to maximum drawdown

3.45

1.33

+2.12

Martin ratioReturn relative to average drawdown

10.86

3.73

+7.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZNQ.TO vs. IAG.TO - Sharpe Ratio Comparison

The current ZNQ.TO Sharpe Ratio is 2.75, which is higher than the IAG.TO Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of ZNQ.TO and IAG.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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Sharpe Ratios by Period

ZNQ.TOIAG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.75

1.08

+1.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.97

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.70

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.57

+0.49

Drawdowns

ZNQ.TO vs. IAG.TO - Drawdown Comparison

The maximum ZNQ.TO drawdown since its inception was -32.09%, smaller than the maximum IAG.TO drawdown of -66.37%. Use the drawdown chart below to compare losses from any high point for ZNQ.TO and IAG.TO.

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Drawdown Indicators

ZNQ.TOIAG.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.09%

-66.37%

+34.28%

Max Drawdown (1Y)

Largest decline over 1 year

-12.50%

-19.13%

+6.63%

Max Drawdown (3Y)

Largest decline over 3 years

-22.67%

-19.13%

-3.54%

Max Drawdown (5Y)

Largest decline over 5 years

-32.09%

-28.99%

-3.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-58.56%

—

Current Drawdown

Current decline from peak

0.00%

-4.62%

+4.62%

Average Drawdown

Average peak-to-trough decline

-6.63%

-11.41%

+4.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.96%

6.82%

-2.86%

Volatility

ZNQ.TO vs. IAG.TO - Volatility Comparison

The current volatility for BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) is 4.49%, while iA Financial Corporation Inc. (IAG.TO) has a volatility of 11.90%. This indicates that ZNQ.TO experiences smaller price fluctuations and is considered to be less risky than IAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZNQ.TOIAG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

11.90%

-7.41%

Volatility (6M)

Calculated over the trailing 6-month period

11.99%

20.34%

-8.35%

Volatility (1Y)

Calculated over the trailing 1-year period

15.69%

23.70%

-8.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.81%

24.36%

-3.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.34%

26.85%

-4.51%

Dividends

ZNQ.TO vs. IAG.TO - Dividend Comparison

ZNQ.TO's dividend yield for the trailing twelve months is around 0.20%, less than IAG.TO's 2.38% yield.

PositionTTM20252024202320222021202020192018201720162015
IAG.TO
iA Financial Corporation Inc.		2.38%2.13%2.52%3.29%3.28%2.87%3.52%2.47%3.65%2.39%2.36%2.63%
ZNQ.TO
BMO NASDAQ 100 Equity Index ETF		0.20%0.25%0.30%0.35%0.23%0.12%0.47%0.52%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ZNQ.TO and IAG.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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