ZSP.TO vs. VGVA.L
Compare and contrast key facts about BMO S&P 500 Index ETF (ZSP.TO) and Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L).
ZSP.TO and VGVA.L 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. VGVA.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Feb 19, 2019. Both ZSP.TO and VGVA.L 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 VGVA.L.
Key characteristics
| ZSP.TO | VGVA.L | |
|---|---|---|
| YTD Return | 21.85% | 1.31% |
| 1Y Return | 26.96% | 8.50% |
| 3Y Return (Ann) | 12.09% | -9.07% |
| 5Y Return (Ann) | 15.40% | -4.83% |
| Sharpe Ratio | 2.50 | 1.07 |
| Daily Std Dev | 11.07% | 8.68% |
| Max Drawdown | -26.94% | -39.28% |
| Current Drawdown | -1.08% | -29.45% |
Correlation
The correlation between ZSP.TO and VGVA.L is 0.18, 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.
Performance
ZSP.TO vs. VGVA.L - Performance Comparison
In the year-to-date period, ZSP.TO achieves a 21.85% return, which is significantly higher than VGVA.L's 1.31% 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. VGVA.L - Expense Ratio Comparison
ZSP.TO has a 0.09% expense ratio, which is higher than VGVA.L's 0.07% expense ratio. However, 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. VGVA.L - 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 UK Gilt UCITS ETF Accumulating (VGVA.L). 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. VGVA.L - Dividend Comparison
ZSP.TO's dividend yield for the trailing twelve months is around 1.09%, while VGVA.L has not paid dividends to shareholders.
| 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% |
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | 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.TO vs. VGVA.L - Drawdown Comparison
The maximum ZSP.TO drawdown since its inception was -26.94%, smaller than the maximum VGVA.L drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for ZSP.TO and VGVA.L. For additional features, visit the drawdowns tool.
Volatility
ZSP.TO vs. VGVA.L - Volatility Comparison
BMO S&P 500 Index ETF (ZSP.TO) has a higher volatility of 4.02% compared to Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) at 2.50%. This indicates that ZSP.TO's price experiences larger fluctuations and is considered to be riskier than VGVA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.