ZVU.TO vs. CGVV
ZVU.TO (BMO MSCI USA Value ETF) and CGVV (Capital Group U.S. Large Value ETF) are both Large Cap Value Equities funds. ZVU.TO is passively managed, while CGVV is actively managed. Over the past year, ZVU.TO returned 74.57% vs 24.74% for CGVV. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.33% expense ratio.
Performance
ZVU.TO vs. CGVV - Performance Comparison
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Different Trading Currencies
ZVU.TO is traded in CAD, while CGVV is traded in USD. To make them comparable, the CGVV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZVU.TO achieves a 44.84% return, which is significantly higher than CGVV's 17.85% return.
ZVU.TO
- 1D
- -1.55%
- 1M
- -3.80%
- 6M
- 36.71%
- YTD
- 44.84%
- 1Y
- 74.57%
- 3Y*
- 31.77%
- 5Y*
- 18.11%
- 10Y*
- —
CGVV
- 1D
- -0.27%
- 1M
- 0.53%
- 6M
- 11.46%
- YTD
- 17.85%
- 1Y
- 24.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZVU.TO vs. CGVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZVU.TO BMO MSCI USA Value ETF | 44.84% | 23.11% |
CGVV Capital Group U.S. Large Value ETF | 17.85% | 6.41% |
Correlation
The correlation between ZVU.TO and CGVV is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.58 |
The correlation between ZVU.TO and CGVV has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.
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Return for Risk
ZVU.TO vs. CGVV — Risk / Return Rank
ZVU.TO
CGVV
ZVU.TO vs. CGVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Value ETF (ZVU.TO) and Capital Group U.S. Large Value ETF (CGVV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZVU.TO | CGVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 12.33 | 2.80 | +9.53 |
| Martin ratioReturn relative to average drawdown | 35.59 | 10.15 | +25.45 |
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Drawdowns
ZVU.TO vs. CGVV - Drawdown Comparison
The maximum ZVU.TO drawdown since its inception was -34.24%, which is greater than CGVV's maximum drawdown of -8.88%. Use the drawdown chart below to compare losses from any high point for ZVU.TO and CGVV.
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Drawdown Indicators
| ZVU.TO | CGVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -8.88% | -25.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -8.88% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.28% | — | — |
Current DrawdownCurrent decline from peak | -4.73% | -1.46% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -1.51% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.44% | -0.34% |
Volatility
ZVU.TO vs. CGVV - Volatility Comparison
BMO MSCI USA Value ETF (ZVU.TO) has a higher volatility of 5.93% compared to Capital Group U.S. Large Value ETF (CGVV) at 4.09%. This indicates that ZVU.TO's price experiences larger fluctuations and is considered to be riskier than CGVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZVU.TO | CGVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 4.09% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 11.17% | +4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 14.45% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 14.24% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 14.24% | +4.32% |
ZVU.TO vs. CGVV - Expense Ratio Comparison
Both ZVU.TO and CGVV have an expense ratio of 0.33%.
Dividends
ZVU.TO vs. CGVV - Dividend Comparison
ZVU.TO's dividend yield for the trailing twelve months is around 1.20%, more than CGVV's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CGVV Capital Group U.S. Large Value ETF | 0.85% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZVU.TO BMO MSCI USA Value ETF | 1.20% | 1.62% | 2.24% | 2.69% | 2.58% | 1.99% | 2.51% | 2.07% | 2.09% | 0.60% |
Frequently Asked Questions
ZVU.TO and CGVV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.33% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZVU.TO and CGVV have the same expense ratio: 0.33% per year.
They also come from different issuers: BMO and Capital Group.
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