ZNQ.TO vs. ZSP.TO
Compare and contrast key facts about BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) and BMO S&P 500 Index ETF (ZSP.TO).
ZNQ.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. ZNQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 11, 2019. 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. Both ZNQ.TO and ZSP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZNQ.TO or ZSP.TO.
Correlation
The correlation between ZNQ.TO and ZSP.TO is 0.84, 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
ZNQ.TO vs. ZSP.TO - Performance Comparison
Key characteristics
ZNQ.TO:
1.85
ZSP.TO:
2.89
ZNQ.TO:
2.52
ZSP.TO:
4.00
ZNQ.TO:
1.32
ZSP.TO:
1.54
ZNQ.TO:
2.59
ZSP.TO:
4.49
ZNQ.TO:
8.94
ZSP.TO:
20.84
ZNQ.TO:
3.70%
ZSP.TO:
1.66%
ZNQ.TO:
17.84%
ZSP.TO:
11.97%
ZNQ.TO:
-32.09%
ZSP.TO:
-26.94%
ZNQ.TO:
-1.36%
ZSP.TO:
0.00%
Returns By Period
In the year-to-date period, ZNQ.TO achieves a 3.13% return, which is significantly lower than ZSP.TO's 4.09% return.
ZNQ.TO
3.13%
3.13%
18.83%
35.23%
21.55%
N/A
ZSP.TO
4.09%
4.09%
16.98%
36.42%
17.08%
14.98%
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ZNQ.TO vs. ZSP.TO - Expense Ratio Comparison
ZNQ.TO has a 0.39% expense ratio, which is higher than ZSP.TO's 0.09% expense ratio.
Risk-Adjusted Performance
ZNQ.TO vs. ZSP.TO — Risk-Adjusted Performance Rank
ZNQ.TO
ZSP.TO
ZNQ.TO vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO NASDAQ 100 Equity Index ETF (ZNQ.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
ZNQ.TO vs. ZSP.TO - Dividend Comparison
ZNQ.TO has not paid dividends to shareholders, while ZSP.TO's dividend yield for the trailing twelve months is around 0.90%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.00% | 0.00% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZSP.TO BMO S&P 500 Index ETF | 0.90% | 0.94% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% |
Drawdowns
ZNQ.TO vs. ZSP.TO - Drawdown Comparison
The maximum ZNQ.TO drawdown since its inception was -32.09%, which is greater than ZSP.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for ZNQ.TO and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
ZNQ.TO vs. ZSP.TO - Volatility Comparison
BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) has a higher volatility of 6.18% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.79%. This indicates that ZNQ.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.