ZSP.TO vs. XEF.TO
Compare and contrast key facts about BMO S&P 500 Index ETF (ZSP.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO).
ZSP.TO and XEF.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. XEF.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM xNA GR CAD. It was launched on Apr 10, 2013. Both ZSP.TO and XEF.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 XEF.TO.
Key characteristics
| ZSP.TO | XEF.TO | |
|---|---|---|
| YTD Return | 22.02% | 12.86% |
| 1Y Return | 28.88% | 19.17% |
| 3Y Return (Ann) | 12.05% | 5.00% |
| 5Y Return (Ann) | 15.49% | 7.75% |
| 10Y Return (Ann) | 15.05% | 7.89% |
| Sharpe Ratio | 2.61 | 1.78 |
| Daily Std Dev | 10.99% | 10.42% |
| Max Drawdown | -26.94% | -28.50% |
| Current Drawdown | -0.93% | -0.62% |
Correlation
The correlation between ZSP.TO and XEF.TO is 0.74, 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.
Performance
ZSP.TO vs. XEF.TO - Performance Comparison
In the year-to-date period, ZSP.TO achieves a 22.02% return, which is significantly higher than XEF.TO's 12.86% return. Over the past 10 years, ZSP.TO has outperformed XEF.TO with an annualized return of 15.05%, while XEF.TO has yielded a comparatively lower 7.89% 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. XEF.TO - Expense Ratio Comparison
ZSP.TO has a 0.09% expense ratio, which is lower than XEF.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. XEF.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 iShares Core MSCI EAFE IMI Index ETF (XEF.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. XEF.TO - Dividend Comparison
ZSP.TO's dividend yield for the trailing twelve months is around 1.09%, less than XEF.TO's 2.55% 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% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.55% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% | 5.21% | 1.72% |
Drawdowns
ZSP.TO vs. XEF.TO - Drawdown Comparison
The maximum ZSP.TO drawdown since its inception was -26.94%, smaller than the maximum XEF.TO drawdown of -28.50%. Use the drawdown chart below to compare losses from any high point for ZSP.TO and XEF.TO. For additional features, visit the drawdowns tool.
Volatility
ZSP.TO vs. XEF.TO - Volatility Comparison
BMO S&P 500 Index ETF (ZSP.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO) have volatilities of 4.01% and 4.17%, 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.