ZSP-U.TO vs. XUS-U.TO
Compare and contrast key facts about BMO S&P 500 Index ETF (USD) (ZSP-U.TO) and iShares Core S&P 500 Index ETF (XUS-U.TO).
ZSP-U.TO and XUS-U.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. XUS-U.TO is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Oct 9, 2019. Both ZSP-U.TO and XUS-U.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. XUS-U.TO - Performance Comparison
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ZSP-U.TO vs. XUS-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZSP-U.TO BMO S&P 500 Index ETF (USD) | -4.00% | 16.84% | 23.97% | 25.49% | -18.84% | 28.13% | 17.65% | 7.69% |
XUS-U.TO iShares Core S&P 500 Index ETF | -4.15% | 17.66% | 24.36% | 26.17% | -19.01% | 27.74% | 18.01% | 8.12% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ZSP-U.TO having a -4.00% return and XUS-U.TO slightly lower at -4.15%.
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%
XUS-U.TO
- 1D
- 0.88%
- 1M
- -4.22%
- YTD
- -4.15%
- 6M
- -1.66%
- 1Y
- 17.77%
- 3Y*
- 18.03%
- 5Y*
- 11.33%
- 10Y*
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ZSP-U.TO vs. XUS-U.TO - Expense Ratio Comparison
Both ZSP-U.TO and XUS-U.TO have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
ZSP-U.TO vs. XUS-U.TO — Risk / Return Rank
ZSP-U.TO
XUS-U.TO
ZSP-U.TO vs. XUS-U.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 iShares Core S&P 500 Index ETF (XUS-U.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 | XUS-U.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.97 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.49 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.51 | -0.08 |
Martin ratioReturn relative to average drawdown | 6.69 | 7.06 | -0.37 |
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 | XUS-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.97 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.68 | -0.01 |
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 | 0.73 | +0.13 |
Correlation
The correlation between ZSP-U.TO and XUS-U.TO is 0.85, 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.
Dividends
ZSP-U.TO vs. XUS-U.TO - Dividend Comparison
ZSP-U.TO has not paid dividends to shareholders, while XUS-U.TO's dividend yield for the trailing twelve months is around 0.95%.
| 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% |
XUS-U.TO iShares Core S&P 500 Index ETF | 0.95% | 0.91% | 0.74% | 0.90% | 1.04% | 0.71% | 0.91% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZSP-U.TO vs. XUS-U.TO - Drawdown Comparison
The maximum ZSP-U.TO drawdown since its inception was -33.72%, roughly equal to the maximum XUS-U.TO drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for ZSP-U.TO and XUS-U.TO.
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Drawdown Indicators
| ZSP-U.TO | XUS-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -33.55% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -12.02% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.88% | -25.06% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -5.58% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -5.64% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.57% | +0.02% |
Volatility
ZSP-U.TO vs. XUS-U.TO - Volatility Comparison
The current volatility for BMO S&P 500 Index ETF (USD) (ZSP-U.TO) is 5.34%, while iShares Core S&P 500 Index ETF (XUS-U.TO) has a volatility of 5.76%. This indicates that ZSP-U.TO experiences smaller price fluctuations and is considered to be less risky than XUS-U.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 | XUS-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.76% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 9.60% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 18.42% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 16.71% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 19.34% | -1.57% |