ZWB.TO vs. SRU-UN.TO
Compare and contrast key facts about BMO Covered Call Canadian Banks ETF (ZWB.TO) and SmartCentres Real Estate Investment Trust (SRU-UN.TO).
ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZWB.TO or SRU-UN.TO.
Key characteristics
| ZWB.TO | SRU-UN.TO | |
|---|---|---|
| YTD Return | 17.57% | 6.54% |
| 1Y Return | 30.90% | 16.90% |
| 3Y Return (Ann) | 4.05% | -1.51% |
| 5Y Return (Ann) | 7.81% | 2.50% |
| 10Y Return (Ann) | 7.46% | 5.59% |
| Sharpe Ratio | 3.40 | 0.95 |
| Sortino Ratio | 4.76 | 1.59 |
| Omega Ratio | 1.67 | 1.18 |
| Calmar Ratio | 1.50 | 0.68 |
| Martin Ratio | 17.43 | 2.52 |
| Ulcer Index | 1.80% | 6.51% |
| Daily Std Dev | 9.24% | 17.22% |
| Max Drawdown | -39.36% | -68.25% |
| Current Drawdown | 0.00% | -9.56% |
Correlation
The correlation between ZWB.TO and SRU-UN.TO is 0.58, 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.
Performance
ZWB.TO vs. SRU-UN.TO - Performance Comparison
In the year-to-date period, ZWB.TO achieves a 17.57% return, which is significantly higher than SRU-UN.TO's 6.54% return. Over the past 10 years, ZWB.TO has outperformed SRU-UN.TO with an annualized return of 7.46%, while SRU-UN.TO has yielded a comparatively lower 5.59% annualized return. 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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Risk-Adjusted Performance
ZWB.TO vs. SRU-UN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Covered Call Canadian Banks ETF (ZWB.TO) and SmartCentres Real Estate Investment Trust (SRU-UN.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
ZWB.TO vs. SRU-UN.TO - Dividend Comparison
ZWB.TO's dividend yield for the trailing twelve months is around 6.69%, less than SRU-UN.TO's 6.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZWB.TO BMO Covered Call Canadian Banks ETF | 6.69% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% | 4.77% | 5.23% |
SRU-UN.TO SmartCentres Real Estate Investment Trust | 6.78% | 7.43% | 6.91% | 5.75% | 8.02% | 5.81% | 5.72% | 5.54% | 5.15% | 5.34% | 6.15% | 6.15% |
Drawdowns
ZWB.TO vs. SRU-UN.TO - Drawdown Comparison
The maximum ZWB.TO drawdown since its inception was -39.36%, smaller than the maximum SRU-UN.TO drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for ZWB.TO and SRU-UN.TO. For additional features, visit the drawdowns tool.
Volatility
ZWB.TO vs. SRU-UN.TO - Volatility Comparison
The current volatility for BMO Covered Call Canadian Banks ETF (ZWB.TO) is 2.47%, while SmartCentres Real Estate Investment Trust (SRU-UN.TO) has a volatility of 4.56%. This indicates that ZWB.TO experiences smaller price fluctuations and is considered to be less risky than SRU-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.