ZSP.TO vs. XUS.TO
Compare and contrast key facts about BMO S&P 500 Index ETF (ZSP.TO) and iShares Core S&P 500 Index ETF (XUS.TO).
ZSP.TO and XUS.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. XUS.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Apr 10, 2013. Both ZSP.TO and XUS.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 XUS.TO.
Key characteristics
| ZSP.TO | XUS.TO | |
|---|---|---|
| YTD Return | 22.02% | 22.12% |
| 1Y Return | 28.88% | 28.92% |
| 3Y Return (Ann) | 12.05% | 12.03% |
| 5Y Return (Ann) | 15.49% | 15.44% |
| 10Y Return (Ann) | 15.05% | 14.99% |
| Sharpe Ratio | 2.61 | 2.60 |
| Daily Std Dev | 10.99% | 11.04% |
| Max Drawdown | -26.94% | -27.23% |
| Current Drawdown | -0.93% | -0.91% |
Correlation
The correlation between ZSP.TO and XUS.TO is 0.90, 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. XUS.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with ZSP.TO having a 22.02% return and XUS.TO slightly higher at 22.12%. Both investments have delivered pretty close results over the past 10 years, with ZSP.TO having a 15.05% annualized return and XUS.TO not far behind at 14.99%. 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. XUS.TO - Expense Ratio Comparison
Both ZSP.TO and XUS.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%.
Risk-Adjusted Performance
ZSP.TO vs. XUS.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 S&P 500 Index ETF (XUS.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. XUS.TO - Dividend Comparison
ZSP.TO's dividend yield for the trailing twelve months is around 1.09%, more than XUS.TO's 1.03% 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% |
XUS.TO iShares Core S&P 500 Index ETF | 1.03% | 1.22% | 1.38% | 0.99% | 1.35% | 2.02% | 1.77% | 1.48% | 1.66% | 1.70% | 1.36% | 1.07% |
Drawdowns
ZSP.TO vs. XUS.TO - Drawdown Comparison
The maximum ZSP.TO drawdown since its inception was -26.94%, roughly equal to the maximum XUS.TO drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for ZSP.TO and XUS.TO. For additional features, visit the drawdowns tool.
Volatility
ZSP.TO vs. XUS.TO - Volatility Comparison
BMO S&P 500 Index ETF (ZSP.TO) and iShares Core S&P 500 Index ETF (XUS.TO) have volatilities of 4.01% and 4.04%, 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.