ZSP-U.TO vs. USSL.TO
Compare and contrast key facts about BMO S&P 500 Index ETF (USD) (ZSP-U.TO) and Global X Enhanced S&P 500 Index ETF (USSL.TO).
ZSP-U.TO and USSL.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. USSL.TO is a passively managed fund by Global X that tracks the performance of the S&P 500. It was launched on May 21, 2024. Both ZSP-U.TO and USSL.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.
Performance
ZSP-U.TO vs. USSL.TO - Performance Comparison
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ZSP-U.TO vs. USSL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZSP-U.TO BMO S&P 500 Index ETF (USD) | -4.68% | 16.84% | 11.05% |
USSL.TO Global X Enhanced S&P 500 Index ETF | -8.63% | 18.86% | 16.18% |
Different Trading Currencies
ZSP-U.TO is traded in USD, while USSL.TO is traded in CAD. To make them comparable, the USSL.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 -4.68% return, which is significantly higher than USSL.TO's -8.63% return.
ZSP-U.TO
- 1D
- 2.85%
- 1M
- -5.28%
- YTD
- -4.68%
- 6M
- -2.37%
- 1Y
- 16.49%
- 3Y*
- 17.31%
- 5Y*
- 10.97%
- 10Y*
- 13.22%
USSL.TO
- 1D
- 0.34%
- 1M
- -9.92%
- YTD
- -8.63%
- 6M
- -5.52%
- 1Y
- 16.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ZSP-U.TO vs. USSL.TO - Expense Ratio Comparison
ZSP-U.TO has a 0.09% expense ratio, which is lower than USSL.TO's 1.34% expense ratio.
Return for Risk
ZSP-U.TO vs. USSL.TO — Risk / Return Rank
ZSP-U.TO
USSL.TO
ZSP-U.TO vs. USSL.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 Global X Enhanced S&P 500 Index ETF (USSL.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 | USSL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.74 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.29 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.93 | +0.49 |
Martin ratioReturn relative to average drawdown | 6.68 | 4.22 | +2.46 |
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 | USSL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.74 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.66 | +0.19 |
Correlation
The correlation between ZSP-U.TO and USSL.TO is 0.50, 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.
Dividends
ZSP-U.TO vs. USSL.TO - Dividend Comparison
Neither ZSP-U.TO nor USSL.TO has paid dividends to shareholders.
| 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% |
USSL.TO Global X Enhanced S&P 500 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZSP-U.TO vs. USSL.TO - Drawdown Comparison
The maximum ZSP-U.TO drawdown since its inception was -33.72%, which is greater than USSL.TO's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for ZSP-U.TO and USSL.TO.
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Drawdown Indicators
| ZSP-U.TO | USSL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -23.90% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -15.29% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | — | — |
Current DrawdownCurrent decline from peak | -6.59% | -10.30% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -3.66% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 4.00% | -1.44% |
Volatility
ZSP-U.TO vs. USSL.TO - Volatility Comparison
BMO S&P 500 Index ETF (USD) (ZSP-U.TO) has a higher volatility of 5.32% compared to Global X Enhanced S&P 500 Index ETF (USSL.TO) at 4.37%. This indicates that ZSP-U.TO's price experiences larger fluctuations and is considered to be riskier than USSL.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 | USSL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.37% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 10.09% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 23.20% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 20.26% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 20.26% | -2.49% |