ZSP-U.TO vs. TULV.TO
Compare and contrast key facts about BMO S&P 500 Index ETF (USD) (ZSP-U.TO) and TD Q U.S. Low Volatility ETF (TULV.TO).
ZSP-U.TO and TULV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSP-U.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. TULV.TO is an actively managed fund by TD. It was launched on May 26, 2020.
Performance
ZSP-U.TO vs. TULV.TO - Performance Comparison
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ZSP-U.TO vs. TULV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZSP-U.TO BMO S&P 500 Index ETF (USD) | -4.00% | 16.84% | 23.97% | 25.49% | -18.84% | 28.13% | 20.33% |
TULV.TO TD Q U.S. Low Volatility ETF | 1.88% | 8.58% | 13.96% | -1.11% | -4.81% | 24.75% | 6.90% |
Different Trading Currencies
ZSP-U.TO is traded in USD, while TULV.TO is traded in CAD. To make them comparable, the TULV.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZSP-U.TO achieves a -4.00% return, which is significantly lower than TULV.TO's 1.88% return.
ZSP-U.TO
- 1D
- 0.71%
- 1M
- -4.60%
- YTD
- -4.00%
- 6M
- -2.08%
- 1Y
- 16.91%
- 3Y*
- 17.59%
- 5Y*
- 11.13%
- 10Y*
- 13.30%
TULV.TO
- 1D
- -0.06%
- 1M
- -5.61%
- YTD
- 1.88%
- 6M
- 3.13%
- 1Y
- 2.64%
- 3Y*
- 8.24%
- 5Y*
- 8.23%
- 10Y*
- —
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ZSP-U.TO vs. TULV.TO - Expense Ratio Comparison
ZSP-U.TO has a 0.09% expense ratio, which is lower than TULV.TO's 0.35% expense ratio.
Return for Risk
ZSP-U.TO vs. TULV.TO — Risk / Return Rank
ZSP-U.TO
TULV.TO
ZSP-U.TO vs. TULV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P 500 Index ETF (USD) (ZSP-U.TO) and TD Q U.S. Low Volatility ETF (TULV.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.
| ZSP-U.TO | TULV.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.22 | +0.72 |
Sortino ratioReturn per unit of downside risk | 1.43 | 0.38 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.05 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.30 | +1.14 |
Martin ratioReturn relative to average drawdown | 6.69 | 0.81 | +5.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZSP-U.TO | TULV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.22 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.64 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.65 | +0.20 |
Correlation
The correlation between ZSP-U.TO and TULV.TO is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZSP-U.TO vs. TULV.TO - Dividend Comparison
ZSP-U.TO has not paid dividends to shareholders, while TULV.TO's dividend yield for the trailing twelve months is around 1.77%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZSP-U.TO BMO S&P 500 Index ETF (USD) | 0.00% | 0.14% | 0.71% | 0.98% | 1.13% | 0.91% | 1.02% | 1.07% | 1.26% | 1.22% | 1.43% | 1.29% |
TULV.TO TD Q U.S. Low Volatility ETF | 1.77% | 1.80% | 1.48% | 1.96% | 1.57% | 1.37% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZSP-U.TO vs. TULV.TO - Drawdown Comparison
The maximum ZSP-U.TO drawdown since its inception was -33.72%, which is greater than TULV.TO's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for ZSP-U.TO and TULV.TO.
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Drawdown Indicators
| ZSP-U.TO | TULV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -11.78% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -9.79% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.88% | -11.78% | -13.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -4.19% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -3.58% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 5.04% | -2.45% |
Volatility
ZSP-U.TO vs. TULV.TO - Volatility Comparison
BMO S&P 500 Index ETF (USD) (ZSP-U.TO) has a higher volatility of 5.34% compared to TD Q U.S. Low Volatility ETF (TULV.TO) at 2.93%. This indicates that ZSP-U.TO's price experiences larger fluctuations and is considered to be riskier than TULV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSP-U.TO | TULV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.93% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 6.71% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 11.93% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 12.97% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 12.62% | +5.15% |