ZWB.TO vs. VFV.TO
Compare and contrast key facts about BMO Covered Call Canadian Banks ETF (ZWB.TO) and Vanguard S&P 500 Index ETF (VFV.TO).
ZWB.TO and VFV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZWB.TO or VFV.TO.
Key characteristics
| ZWB.TO | VFV.TO | |
|---|---|---|
| YTD Return | 17.57% | 33.15% |
| 1Y Return | 30.90% | 40.57% |
| 3Y Return (Ann) | 4.05% | 14.16% |
| 5Y Return (Ann) | 7.81% | 16.88% |
| 10Y Return (Ann) | 7.46% | 15.47% |
| Sharpe Ratio | 3.40 | 3.52 |
| Sortino Ratio | 4.76 | 4.89 |
| Omega Ratio | 1.67 | 1.67 |
| Calmar Ratio | 1.50 | 5.19 |
| Martin Ratio | 17.43 | 25.28 |
| Ulcer Index | 1.80% | 1.56% |
| Daily Std Dev | 9.24% | 11.22% |
| Max Drawdown | -39.36% | -27.43% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ZWB.TO and VFV.TO is 0.62, 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. VFV.TO - Performance Comparison
In the year-to-date period, ZWB.TO achieves a 17.57% return, which is significantly lower than VFV.TO's 33.15% return. Over the past 10 years, ZWB.TO has underperformed VFV.TO with an annualized return of 7.46%, while VFV.TO has yielded a comparatively higher 15.47% 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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ZWB.TO vs. VFV.TO - Expense Ratio Comparison
ZWB.TO has a 0.71% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.
Risk-Adjusted Performance
ZWB.TO vs. VFV.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 Vanguard S&P 500 Index ETF (VFV.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. VFV.TO - Dividend Comparison
ZWB.TO's dividend yield for the trailing twelve months is around 6.69%, more than VFV.TO's 0.98% 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% |
VFV.TO Vanguard S&P 500 Index ETF | 0.98% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% | 1.48% | 1.42% |
Drawdowns
ZWB.TO vs. VFV.TO - Drawdown Comparison
The maximum ZWB.TO drawdown since its inception was -39.36%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for ZWB.TO and VFV.TO. For additional features, visit the drawdowns tool.
Volatility
ZWB.TO vs. VFV.TO - Volatility Comparison
The current volatility for BMO Covered Call Canadian Banks ETF (ZWB.TO) is 2.47%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.80%. This indicates that ZWB.TO experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.