^XCMP vs. ZSP.TO
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) and BMO S&P 500 Index ETF (ZSP.TO).
ZSP.TO is a passively managed fund by BMO that tracks the performance of the S&P 500 Index. It was launched on Nov 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCMP or ZSP.TO.
Key characteristics
| ^XCMP | ZSP.TO | |
|---|---|---|
| YTD Return | 17.69% | 21.92% |
| 1Y Return | 29.46% | 29.52% |
| 3Y Return (Ann) | 6.09% | 12.00% |
| 5Y Return (Ann) | 17.56% | 15.56% |
| 10Y Return (Ann) | 15.48% | 15.03% |
| Sharpe Ratio | 1.89 | 2.62 |
| Daily Std Dev | 17.47% | 10.98% |
| Max Drawdown | -35.83% | -26.94% |
| Current Drawdown | -5.62% | -1.02% |
Correlation
The correlation between ^XCMP and ZSP.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^XCMP vs. ZSP.TO - Performance Comparison
In the year-to-date period, ^XCMP achieves a 17.69% return, which is significantly lower than ZSP.TO's 21.92% return. Both investments have delivered pretty close results over the past 10 years, with ^XCMP having a 15.48% annualized return and ZSP.TO not far behind at 15.03%. 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
^XCMP vs. ZSP.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) and BMO S&P 500 Index ETF (ZSP.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.
Drawdowns
^XCMP vs. ZSP.TO - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, which is greater than ZSP.TO's maximum drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for ^XCMP and ZSP.TO. For additional features, visit the drawdowns tool.
Volatility
^XCMP vs. ZSP.TO - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 6.04% compared to BMO S&P 500 Index ETF (ZSP.TO) at 3.91%. This indicates that ^XCMP's price experiences larger fluctuations and is considered to be riskier than ZSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.