ZXLK.TO vs. TLF.TO
ZXLK.TO (BMO SPDR Technology Select Sector Index ETF) and TLF.TO (Brompton Tech Leaders Income ETF) are both Technology Equities funds. ZXLK.TO is passively managed, while TLF.TO is actively managed. Over the past year, ZXLK.TO returned 24.26% vs 32.76% for TLF.TO. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
ZXLK.TO vs. TLF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZXLK.TO achieves a 24.69% return, which is significantly higher than TLF.TO's 21.68% return.
ZXLK.TO
- 1D
- -0.24%
- 1M
- -5.45%
- 6M
- 22.12%
- YTD
- 24.69%
- 1Y
- 24.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLF.TO
- 1D
- -1.10%
- 1M
- -5.97%
- 6M
- 18.82%
- YTD
- 21.68%
- 1Y
- 32.76%
- 3Y*
- 23.48%
- 5Y*
- 16.03%
- 10Y*
- 21.23%
ZXLK.TO vs. TLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 24.69% | 9.84% |
TLF.TO Brompton Tech Leaders Income ETF | 21.68% | 16.96% |
Correlation
The correlation between ZXLK.TO and TLF.TO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | 0.68 |
The correlation between ZXLK.TO and TLF.TO shifts across timeframes, from 0.68 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZXLK.TO vs. TLF.TO — Risk / Return Rank
ZXLK.TO
TLF.TO
ZXLK.TO vs. TLF.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 Brompton Tech Leaders Income ETF (TLF.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 | TLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.23 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.33 | 7.57 | -5.24 |
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Drawdowns
ZXLK.TO vs. TLF.TO - Drawdown Comparison
The maximum ZXLK.TO drawdown since its inception was -25.04%, smaller than the maximum TLF.TO drawdown of -37.19%. Use the drawdown chart below to compare losses from any high point for ZXLK.TO and TLF.TO.
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Drawdown Indicators
| ZXLK.TO | TLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -37.19% | +12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -25.04% | -14.73% | -10.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.19% | — |
Current DrawdownCurrent decline from peak | -9.55% | -10.89% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -7.35% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 4.34% | +6.08% |
Volatility
ZXLK.TO vs. TLF.TO - Volatility Comparison
The current volatility for BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) is 10.21%, while Brompton Tech Leaders Income ETF (TLF.TO) has a volatility of 13.70%. This indicates that ZXLK.TO experiences smaller price fluctuations and is considered to be less risky than TLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZXLK.TO | TLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 13.70% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 21.97% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.59% | 24.65% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.00% | 25.84% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 24.22% | +6.78% |
Dividends
ZXLK.TO vs. TLF.TO - Dividend Comparison
ZXLK.TO's dividend yield for the trailing twelve months is around 0.25%, less than TLF.TO's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLF.TO Brompton Tech Leaders Income ETF | 5.66% | 5.90% | 5.86% | 5.31% | 6.97% | 3.40% | 3.49% | 4.64% | 6.05% | 5.94% | 7.67% | 7.63% |
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 TLF.TO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Brompton.
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