ZUE.TO vs. XEQT.TO
Compare and contrast key facts about BMO S&P 500 (CAD Hedged) (ZUE.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).
ZUE.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZUE.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on May 29, 2009. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.
Performance
ZUE.TO vs. XEQT.TO - Performance Comparison
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ZUE.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZUE.TO BMO S&P 500 (CAD Hedged) | -4.34% | 15.57% | 23.40% | 24.35% | -19.43% | 27.86% | 15.42% | 13.77% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.51% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Returns By Period
In the year-to-date period, ZUE.TO achieves a -4.34% return, which is significantly lower than XEQT.TO's 1.51% return.
ZUE.TO
- 1D
- 0.65%
- 1M
- -4.63%
- YTD
- -4.34%
- 6M
- -2.64%
- 1Y
- 15.64%
- 3Y*
- 16.54%
- 5Y*
- 10.29%
- 10Y*
- 12.41%
XEQT.TO
- 1D
- 0.85%
- 1M
- -3.50%
- YTD
- 1.51%
- 6M
- 2.89%
- 1Y
- 21.17%
- 3Y*
- 18.44%
- 5Y*
- 11.98%
- 10Y*
- —
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ZUE.TO vs. XEQT.TO - Expense Ratio Comparison
ZUE.TO has a 0.09% expense ratio, which is lower than XEQT.TO's 0.20% 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%.
Return for Risk
ZUE.TO vs. XEQT.TO — Risk / Return Rank
ZUE.TO
XEQT.TO
ZUE.TO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO S&P 500 (CAD Hedged) (ZUE.TO) and iShares Core Equity ETF Portfolio (XEQT.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.
| ZUE.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.33 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.85 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.79 | -0.44 |
Martin ratioReturn relative to average drawdown | 6.14 | 7.98 | -1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZUE.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.33 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.93 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.86 | -0.09 |
Correlation
The correlation between ZUE.TO and XEQT.TO is 0.86, 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.
Dividends
ZUE.TO vs. XEQT.TO - Dividend Comparison
ZUE.TO's dividend yield for the trailing twelve months is around 0.92%, less than XEQT.TO's 1.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZUE.TO BMO S&P 500 (CAD Hedged) | 0.92% | 0.86% | 1.02% | 1.33% | 1.50% | 1.13% | 1.37% | 1.47% | 1.76% | 1.61% | 1.67% | 1.72% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.64% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZUE.TO vs. XEQT.TO - Drawdown Comparison
The maximum ZUE.TO drawdown since its inception was -35.56%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for ZUE.TO and XEQT.TO.
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Drawdown Indicators
| ZUE.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -29.74% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -11.78% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.34% | -19.56% | -5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -6.12% | -4.27% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -4.20% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.64% | -0.01% |
Volatility
ZUE.TO vs. XEQT.TO - Volatility Comparison
The current volatility for BMO S&P 500 (CAD Hedged) (ZUE.TO) is 5.46%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 5.77%. This indicates that ZUE.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZUE.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.77% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 9.49% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 15.99% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 13.03% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 15.63% | +2.49% |