ZUQ.TO vs. GARP
Compare and contrast key facts about BMO MSCI USA High Quality Index ETF (ZUQ.TO) and iShares MSCI USA Quality GARP ETF (GARP).
ZUQ.TO and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZUQ.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Quality Index. It was launched on Nov 4, 2014. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both ZUQ.TO and GARP 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: ZUQ.TO or GARP.
Correlation
The correlation between ZUQ.TO and GARP is 0.85, 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
ZUQ.TO vs. GARP - Performance Comparison
Key characteristics
ZUQ.TO:
2.34
GARP:
1.78
ZUQ.TO:
3.39
GARP:
2.35
ZUQ.TO:
1.42
GARP:
1.31
ZUQ.TO:
4.14
GARP:
2.56
ZUQ.TO:
16.27
GARP:
9.40
ZUQ.TO:
1.88%
GARP:
3.66%
ZUQ.TO:
13.07%
GARP:
19.34%
ZUQ.TO:
-26.93%
GARP:
-31.34%
ZUQ.TO:
-0.30%
GARP:
-2.35%
Returns By Period
In the year-to-date period, ZUQ.TO achieves a 3.48% return, which is significantly higher than GARP's 2.77% return.
ZUQ.TO
3.48%
3.24%
11.85%
30.96%
17.55%
16.52%
GARP
2.77%
2.05%
13.16%
33.38%
19.88%
N/A
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ZUQ.TO vs. GARP - Expense Ratio Comparison
ZUQ.TO has a 0.33% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
ZUQ.TO vs. GARP — Risk-Adjusted Performance Rank
ZUQ.TO
GARP
ZUQ.TO vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA High Quality Index ETF (ZUQ.TO) and iShares MSCI USA Quality GARP ETF (GARP). 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
ZUQ.TO vs. GARP - Dividend Comparison
ZUQ.TO's dividend yield for the trailing twelve months is around 0.58%, more than GARP's 0.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZUQ.TO BMO MSCI USA High Quality Index ETF | 0.58% | 0.60% | 0.90% | 1.03% | 0.83% | 1.00% | 1.00% | 1.12% | 1.21% | 1.04% | 0.92% | 0.19% |
GARP iShares MSCI USA Quality GARP ETF | 0.38% | 0.39% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZUQ.TO vs. GARP - Drawdown Comparison
The maximum ZUQ.TO drawdown since its inception was -26.93%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for ZUQ.TO and GARP. For additional features, visit the drawdowns tool.
Volatility
ZUQ.TO vs. GARP - Volatility Comparison
The current volatility for BMO MSCI USA High Quality Index ETF (ZUQ.TO) is 3.26%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.90%. This indicates that ZUQ.TO experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.