ZSP.TO vs. VDY.TO
Compare and contrast key facts about BMO S&P 500 Index ETF (ZSP.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
ZSP.TO and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. Both ZSP.TO and VDY.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: ZSP.TO or VDY.TO.
Key characteristics
| ZSP.TO | VDY.TO | |
|---|---|---|
| YTD Return | 22.02% | 16.34% |
| 1Y Return | 28.88% | 21.42% |
| 3Y Return (Ann) | 12.05% | 10.86% |
| 5Y Return (Ann) | 15.49% | 11.68% |
| 10Y Return (Ann) | 15.05% | 8.09% |
| Sharpe Ratio | 2.61 | 1.95 |
| Daily Std Dev | 10.99% | 10.83% |
| Max Drawdown | -26.94% | -39.21% |
| Current Drawdown | -0.93% | 0.00% |
Correlation
The correlation between ZSP.TO and VDY.TO is 0.66, 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.
Performance
ZSP.TO vs. VDY.TO - Performance Comparison
In the year-to-date period, ZSP.TO achieves a 22.02% return, which is significantly higher than VDY.TO's 16.34% return. Over the past 10 years, ZSP.TO has outperformed VDY.TO with an annualized return of 15.05%, while VDY.TO has yielded a comparatively lower 8.09% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZSP.TO vs. VDY.TO - Expense Ratio Comparison
ZSP.TO has a 0.09% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZSP.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P 500 Index ETF (ZSP.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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
ZSP.TO vs. VDY.TO - Dividend Comparison
ZSP.TO's dividend yield for the trailing twelve months is around 1.09%, less than VDY.TO's 4.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZSP.TO BMO S&P 500 Index ETF | 1.09% | 1.33% | 1.44% | 1.15% | 1.45% | 1.48% | 1.64% | 1.64% | 2.20% | 1.54% | 1.46% | 1.52% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.38% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
Drawdowns
ZSP.TO vs. VDY.TO - Drawdown Comparison
The maximum ZSP.TO drawdown since its inception was -26.94%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for ZSP.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
ZSP.TO vs. VDY.TO - Volatility Comparison
BMO S&P 500 Index ETF (ZSP.TO) has a higher volatility of 4.01% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.13%. This indicates that ZSP.TO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.