ZXLK.TO vs. FHQ.TO
ZXLK.TO (BMO SPDR Technology Select Sector Index ETF) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both Technology Equities funds - ZXLK.TO tracks the Technology Select Sector Index while FHQ.TO tracks the StrataQuant Technology Index. Both are passively managed. Over the past year, ZXLK.TO returned 24.26% vs 26.36% for FHQ.TO. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ZXLK.TO vs. FHQ.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZXLK.TO achieves a 24.69% return, which is significantly higher than FHQ.TO's 18.48% return.
ZXLK.TO
- 1D
- -0.24%
- 1M
- -5.45%
- 6M
- 22.12%
- YTD
- 24.69%
- 1Y
- 24.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHQ.TO
- 1D
- -0.81%
- 1M
- -8.00%
- 6M
- 13.04%
- YTD
- 18.48%
- 1Y
- 26.36%
- 3Y*
- 19.74%
- 5Y*
- 12.10%
- 10Y*
- 18.72%
ZXLK.TO vs. FHQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 24.69% | 9.84% |
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 18.48% | 8.79% |
Correlation
The correlation between ZXLK.TO and FHQ.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | 0.52 |
The correlation between ZXLK.TO and FHQ.TO has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZXLK.TO vs. FHQ.TO — Risk / Return Rank
ZXLK.TO
FHQ.TO
ZXLK.TO vs. FHQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.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.
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.
| ZXLK.TO | FHQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.87 | -0.90 |
| Martin ratioReturn relative to average drawdown | 2.33 | 5.06 | -2.73 |
Loading charts...
Drawdowns
ZXLK.TO vs. FHQ.TO - Drawdown Comparison
The maximum ZXLK.TO drawdown since its inception was -25.04%, smaller than the maximum FHQ.TO drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for ZXLK.TO and FHQ.TO.
Loading charts...
Drawdown Indicators
| ZXLK.TO | FHQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -32.05% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -25.04% | -14.13% | -10.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.05% | — |
Current DrawdownCurrent decline from peak | -9.55% | -10.99% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -7.63% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 5.22% | +5.20% |
Volatility
ZXLK.TO vs. FHQ.TO - Volatility Comparison
BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) have volatilities of 10.21% and 10.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZXLK.TO | FHQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 10.08% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 21.35% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.59% | 25.54% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.00% | 23.68% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 23.36% | +7.64% |
Dividends
ZXLK.TO vs. FHQ.TO - Dividend Comparison
ZXLK.TO's dividend yield for the trailing twelve months is around 0.25%, while FHQ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 1.18% | 0.43% | 0.50% | 0.80% | 0.83% | 1.20% | 0.43% |
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 0.25% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZXLK.TO and FHQ.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZXLK.TO tracks Technology Select Sector Index, while FHQ.TO tracks StrataQuant Technology Index. They also come from different issuers: BMO and First Trust.
Find the right allocation for ZXLK.TO and FHQ.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer