ZVU.TO vs. VLU
Compare and contrast key facts about BMO MSCI USA Value ETF (ZVU.TO) and SPDR S&P 1500 Value Tilt ETF (VLU).
ZVU.TO and VLU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZVU.TO is a passively managed fund by BMO that tracks the performance of the MSCI USA Enhanced Value Capped Index. It was launched on Oct 4, 2017. VLU is a passively managed fund by State Street that tracks the performance of the S&P 1500 Low Valuation Tilt Index. It was launched on Oct 24, 2012. Both ZVU.TO and VLU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZVU.TO vs. VLU - Performance Comparison
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ZVU.TO vs. VLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZVU.TO BMO MSCI USA Value ETF | 5.24% | 20.00% | 15.86% | 11.00% | -9.58% | 28.41% | -3.14% | 21.55% | -7.25% |
VLU SPDR S&P 1500 Value Tilt ETF | 3.89% | 11.35% | 27.31% | 14.60% | -1.70% | 29.76% | 8.05% | 20.00% | -1.11% |
Different Trading Currencies
ZVU.TO is traded in CAD, while VLU is traded in USD. To make them comparable, the VLU 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 5.24% return, which is significantly higher than VLU's 3.89% return.
ZVU.TO
- 1D
- 0.59%
- 1M
- -3.66%
- YTD
- 5.24%
- 6M
- 8.97%
- 1Y
- 25.46%
- 3Y*
- 16.52%
- 5Y*
- 9.79%
- 10Y*
- —
VLU
- 1D
- 1.93%
- 1M
- -1.92%
- YTD
- 3.89%
- 6M
- 6.17%
- 1Y
- 15.21%
- 3Y*
- 18.29%
- 5Y*
- 13.54%
- 10Y*
- 13.94%
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ZVU.TO vs. VLU - Expense Ratio Comparison
ZVU.TO has a 0.33% expense ratio, which is higher than VLU's 0.12% expense ratio.
Return for Risk
ZVU.TO vs. VLU — Risk / Return Rank
ZVU.TO
VLU
ZVU.TO vs. VLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Value ETF (ZVU.TO) and SPDR S&P 1500 Value Tilt ETF (VLU). 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.
| ZVU.TO | VLU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.92 | +0.49 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.30 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.36 | +0.75 |
Martin ratioReturn relative to average drawdown | 7.43 | 5.27 | +2.16 |
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
| ZVU.TO | VLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.92 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.02 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.01 | -0.48 |
Correlation
The correlation between ZVU.TO and VLU is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZVU.TO vs. VLU - Dividend Comparison
ZVU.TO's dividend yield for the trailing twelve months is around 1.50%, less than VLU's 1.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZVU.TO BMO MSCI USA Value ETF | 1.50% | 1.62% | 2.13% | 2.55% | 2.45% | 1.89% | 2.38% | 1.97% | 1.98% | 0.00% | 0.00% | 0.00% |
VLU SPDR S&P 1500 Value Tilt ETF | 1.78% | 1.82% | 2.00% | 2.02% | 2.16% | 1.86% | 1.98% | 2.19% | 2.57% | 1.96% | 2.14% | 6.37% |
Drawdowns
ZVU.TO vs. VLU - Drawdown Comparison
The maximum ZVU.TO drawdown since its inception was -34.24%, which is greater than VLU's maximum drawdown of -31.51%. Use the drawdown chart below to compare losses from any high point for ZVU.TO and VLU.
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Drawdown Indicators
| ZVU.TO | VLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -37.39% | +3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -12.40% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -19.55% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.39% | — |
Current DrawdownCurrent decline from peak | -5.00% | -4.43% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -3.78% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.60% | +0.87% |
Volatility
ZVU.TO vs. VLU - Volatility Comparison
BMO MSCI USA Value ETF (ZVU.TO) has a higher volatility of 5.42% compared to SPDR S&P 1500 Value Tilt ETF (VLU) at 4.46%. This indicates that ZVU.TO's price experiences larger fluctuations and is considered to be riskier than VLU 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 | VLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 4.46% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 8.85% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 16.75% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 13.39% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 16.44% | +1.33% |