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ZSP.TO vs. EPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZSP.TO vs. EPI

Last updated Jun 14, 2026

ZSP.TO (BMO S&P 500 Index ETF) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - ZSP.TO is a S&P 500 fund tracking the S&P 500 Index, while EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 10 years, ZSP.TO returned 16.12%/yr vs 10.25%/yr for EPI. At a 0.36 correlation, their price movements are largely independent. ZSP.TO charges 0.09%/yr vs 0.84%/yr for EPI.

Performance

ZSP.TO vs. EPI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO S&P 500 Index ETF (ZSP.TO) and WisdomTree India Earnings Fund (EPI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ZSP.TO is traded in CAD, while EPI is traded in USD. To make them comparable, the EPI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZSP.TO achieves a 11.01% return, which is significantly higher than EPI's -7.27% return. Over the past 10 years, ZSP.TO has outperformed EPI with an annualized return of 16.12%, while EPI has yielded a comparatively lower 10.25% annualized return.

ZSP.TO

1D
0.74%
1M
2.05%
YTD
11.01%
6M
11.06%
1Y
29.16%
3Y*
22.66%
5Y*
16.33%
10Y*
16.12%

EPI

1D
0.83%
1M
1.76%
YTD
-7.27%
6M
-5.22%
1Y
-6.56%
3Y*
8.96%
5Y*
8.62%
10Y*
10.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZSP.TO vs. EPI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZSP.TO
BMO S&P 500 Index ETF		11.01%12.36%35.07%23.30%-12.68%27.54%15.61%24.69%3.28%13.60%
EPI
WisdomTree India Earnings Fund		-7.27%-2.41%20.08%23.03%1.29%26.35%15.74%-2.65%-2.30%29.72%

Correlation

The correlation between ZSP.TO and EPI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.32

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

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2012

0.36

ZSP.TO vs. EPI - Sectors Allocation Comparison

Sectors
ZSP.TO
EPI

Technology

36.2%
8.3%

Financial Services

11.9%
23.2%

Communication Services

10.9%
2.0%

Consumer Cyclical

10.1%
7.6%

Healthcare

8.4%
5.8%

Industrials

8.2%
9.9%

Consumer Defensive

4.8%
3.5%

Energy

3.5%
16.4%

Utilities

2.3%
8.3%

Real Estate

1.9%
0.9%

Basic Materials

1.8%
14.2%

Technology

ZSP.TO
36.2%
EPI
8.3%

Financial Services

ZSP.TO
11.9%
EPI
23.2%

Communication Services

ZSP.TO
10.9%
EPI
2.0%

Consumer Cyclical

ZSP.TO
10.1%
EPI
7.6%

Healthcare

ZSP.TO
8.4%
EPI
5.8%

Industrials

ZSP.TO
8.2%
EPI
9.9%

Consumer Defensive

ZSP.TO
4.8%
EPI
3.5%

Energy

ZSP.TO
3.5%
EPI
16.4%

Utilities

ZSP.TO
2.3%
EPI
8.3%

Real Estate

ZSP.TO
1.9%
EPI
0.9%

Basic Materials

ZSP.TO
1.8%
EPI
14.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO S&P 500 Index ETF

WisdomTree India Earnings Fund

Often compared with ZSP.TO:
ZSP.TO vs. VOOZSP.TO vs. XSP.TOZSP.TO vs. ZCN.TOZSP.TO vs. XUS.TOZSP.TO vs. ZEQT.TOZSP.TO vs. VSP.TOZSP.TO vs. ZQQ.TO
Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. GLINEPI vs. INCO

Return for Risk

ZSP.TO vs. EPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZSP.TO
ZSP.TO Risk / Return Rank: 7979
Overall Rank
ZSP.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
ZSP.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
ZSP.TO Omega Ratio Rank: 8383
Omega Ratio Rank
ZSP.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
ZSP.TO Martin Ratio Rank: 7474
Martin Ratio Rank
EPI
EPI Risk / Return Rank: 44
Overall Rank
EPI Sharpe Ratio Rank: 44
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 44
Sortino Ratio Rank
EPI Omega Ratio Rank: 44
Omega Ratio Rank
EPI Calmar Ratio Rank: 55
Calmar Ratio Rank
EPI Martin Ratio Rank: 22
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.

ZSP.TO vs. EPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO S&P 500 Index ETF (ZSP.TO) and WisdomTree India Earnings Fund (EPI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ZSP.TOEPIDifference
Sharpe ratioReturn per unit of total volatility
2.32
-0.53

+2.85

Sortino ratioReturn per unit of downside risk
3.12
-0.67

+3.79

Omega ratioGain probability vs. loss probability

1.43

0.92

+0.50

Calmar ratioReturn relative to maximum drawdown

3.22

-0.51

+3.73

Martin ratioReturn relative to average drawdown

12.00

-1.16

+13.16

ZSP.TO vs. EPI - Sharpe Ratio Comparison

The current ZSP.TO Sharpe Ratio is 2.32, which is higher than the EPI Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of ZSP.TO and EPI, 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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Drawdowns

ZSP.TO vs. EPI - Drawdown Comparison

The maximum ZSP.TO drawdown since its inception was -26.94%, smaller than the maximum EPI drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for ZSP.TO and EPI.

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Drawdown Indicators

ZSP.TOEPIDifference

Max Drawdown

Largest peak-to-trough decline

-26.94%

-55.91%

+28.97%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

-16.42%

+7.81%

Max Drawdown (3Y)

Largest decline over 3 years

-18.95%

-20.31%

+1.36%

Max Drawdown (5Y)

Largest decline over 5 years

-22.25%

-20.31%

-1.94%

Max Drawdown (10Y)

Largest decline over 10 years

-26.94%

-42.32%

+15.38%

Current Drawdown

Current decline from peak

-1.47%

-14.87%

+13.40%

Average Drawdown

Average peak-to-trough decline

-3.34%

-14.41%

+11.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

7.16%

-4.85%

Volatility

ZSP.TO vs. EPI - Volatility Comparison

BMO S&P 500 Index ETF (ZSP.TO) and WisdomTree India Earnings Fund (EPI) have volatilities of 4.54% and 4.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZSP.TOEPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

4.35%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

9.31%

13.29%

-3.98%

Volatility (1Y)

Calculated over the trailing 1-year period

11.94%

15.76%

-3.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.03%

17.55%

-2.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.39%

21.56%

-5.17%

ZSP.TO vs. EPI - Expense Ratio Comparison

ZSP.TO has a 0.09% expense ratio, which is lower than EPI's 0.84% expense ratio.

Dividends

ZSP.TO vs. EPI - Dividend Comparison

ZSP.TO's dividend yield for the trailing twelve months is around 0.76%, while EPI has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EPI
WisdomTree India Earnings Fund		0.00%0.00%0.27%0.15%6.01%1.18%0.78%1.17%1.18%0.85%1.05%1.20%
ZSP.TO
BMO S&P 500 Index ETF		0.76%0.82%0.94%1.33%1.44%1.15%1.45%1.48%1.68%1.68%2.23%1.60%

Frequently Asked Questions

ZSP.TO and EPI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZSP.TO is cheaper with a 0.09% expense ratio, compared with 0.84% for EPI.

ZSP.TO is categorized as S&P 500, while EPI is Emerging Markets Equities. ZSP.TO tracks S&P 500 Index, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: BMO and WisdomTree. Their fees differ too: 0.09% for ZSP.TO and 0.84% for EPI.

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