BMO MSCI India Selection Equity Index ETF

10-Year Study

ZID.TO · · CA · ETF

Executive Summary: BMO MSCI India Selection Equity Index ETF has compounded at 9.5% annually over the last 10 years, with a maximum drawdown of 35.0% and an annualized volatility of 24.2%.

1Y CAGR
-13.5%
3Y CAGR
+5.2%
5Y CAGR
+4.4%
10Y CAGR
+9.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
35.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.40
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.53
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
18.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +34.2%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -13.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-6.8-0.8-11.46.2————————-13.0%
2025-2.8-6.26.31.9-0.13.1-4.2-2.10.95.52.0-4.0-0.7%
20244.43.8-0.32.30.87.04.4-0.64.1-6.00.8-2.319.1%
2023-2.7-1.2-1.03.11.11.32.30.30.6-0.64.04.311.9%
2022-1.3-4.62.2-0.2-6.6-3.56.23.1-4.46.25.7-6.3-4.7%
20210.910.2-2.3-5.08.12.11.89.3-1.91.7-4.74.225.6%
2020-0.9-7.7-25.713.4-4.28.210.44.71.31.912.28.115.8%
2019-2.0-1.512.5-0.64.0-2.1-6.5-4.23.73.71.20.27.4%
20184.1-4.3-1.6-0.30.30.85.82.6-7.3-4.011.32.08.2%
20170.88.85.95.22.4-5.14.6-1.9-2.910.31.01.834.2%
2016———-2.68.5-0.64.11.9-0.92.4-6.9-0.35.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 24.2%. The dominant macroeconomic risk driver is SHV.US, accounting for 69.3% of variance. Idiosyncratic stock-specific factors contribute 13.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019742.256496552727
2016-05-0110572.74988952985
2016-06-0110509.736505995656
2016-07-0110939.268657348837
2016-08-0111151.189748370187
2016-09-0111053.794422619443
2016-10-0111317.288426965613
2016-11-0110538.367947313307
2016-12-0110504.2281314504
2017-01-0110584.856207211735
2017-02-0111517.284795070309
2017-03-0112202.1997179228
2017-04-0112841.110633584136
2017-05-0113151.879808478056
2017-06-0112478.465887423352
2017-07-0113048.310260709552
2017-08-0112806.547096602362
2017-09-0112432.401348643789
2017-10-0113710.223179966466
2017-11-0113842.60576381785
2017-12-0114097.746408963518
2018-01-0114669.769919432456
2018-02-0114039.99927362094
2018-03-0113808.889669073807
2018-04-0113768.45456801632
2018-05-0113808.889669073807
2018-06-0113912.882937961178
2018-07-0114721.766553876141
2018-08-0115103.115560855433
2018-09-0114005.314673462348
2018-10-0113439.102195480713
2018-11-0114952.876158423274
2018-12-0115252.265394696224
2019-01-0114943.735888573452
2019-02-0114716.68190044975
2019-03-0116556.236872211764
2019-04-0116463.13928923809
2019-05-0117126.74709297047
2019-06-0116759.986198797844
2019-07-0115665.575080355684
2019-08-0115013.589341597915
2019-09-0115566.605933306297
2019-10-0116148.738219039607
2019-11-0116340.865480651079
2019-12-0116375.67114398649
2020-01-0116224.160578197734
2020-02-0114982.839294685933
2020-03-0111124.97957058891
2020-04-0112616.841098527268
2020-05-0112092.334884959717
2020-06-0113088.866424943859
2020-07-0114452.52204863108
2020-08-0115128.538827987386
2020-09-0115332.530280927102
2020-10-0115629.740380017312
2020-11-0117541.206878809706
2020-12-0118960.36996906836
2021-01-0119129.555758672665
2021-02-0121089.810717723045
2021-03-0120605.558010447752
2021-04-0119572.9496437716
2021-05-0121153.974201437024
2021-06-0121591.49652246025
2021-07-0121982.40952040823
2021-08-0124030.13262471021
2021-09-0123575.05614304825
2021-10-0123977.591205970835
2021-11-0122839.960533404363
2021-12-0123805.015647415603
2022-01-0123491.946272162124
2022-02-0122410.97316634686
2022-03-0122901.218500874686
2022-04-0122859.875425991057
2022-05-0121359.539475675385
2022-06-0120615.24306459326
2022-07-0121885.256321011122
2022-08-0122564.541806141537
2022-09-0121566.254850093526
2022-10-0122913.022160614517
2022-11-0124218.5069278403
2022-12-0122682.457340363067
2023-01-0122066.366833532084
2023-02-0121811.64990950527
2023-03-0121604.329219203042
2023-04-0122279.619619498437
2023-05-0122528.404447861114
2023-06-0122818.713945872656
2023-07-0123334.079889590386
2023-08-0123393.3403146432
2023-09-0123529.536388564375
2023-10-0123399.21187871891
2023-11-0124329.27973462952
2023-12-0125382.40830977646
2024-01-0126491.468072613694
2024-02-0127504.645799410424
2024-03-0127420.68848628657
2024-04-0128044.16384690351
2024-05-0128265.95158683559
2024-06-0130244.30549082039
2024-07-0131563.16773908465
2024-08-0131383.328389920283
2024-09-0132678.22012917441
2024-10-0130717.90463853562
2024-11-0130957.670260225303
2024-12-0130238.494458333083
2025-01-0129378.82483974262
2025-02-0127551.255122485672
2025-03-0129294.625400265133
2025-04-0129865.74093690793
2025-05-0129835.71726905686
2025-06-0130749.441596096924
2025-07-0129444.9253342857
2025-08-0128825.74771644583
2025-09-0129078.224971701486
2025-10-0130689.333728806378
2025-11-0131296.526092141186
2025-12-0130035.774168749962
2026-01-0127983.753321670913
2026-02-0127753.733285715156
2026-03-0124600.037529584817
2026-04-0126119.38039866104
Annual Return Matrix
YearAnnual Return
20170.3421020785671889
20180.08189386815744171
20190.07365500928674629
20200.15783773393806988
20210.25551430094722427
2022-0.047156377617185385
20230.11903256022480724
20240.1913169975555955
2025-0.006704047050439588
2026-0.130390971382507
Total Factor Risk
0.24244828168201388
VTI.US Exposure
0.035126964784095056
VEA.US Exposure
0.006991465794830749
VWO.US Exposure
0.019134201673976385
QQQ.US Exposure
-0.009159152225687351
VTV.US Exposure
-0.030237354945256447
IJR.US Exposure
0.006645452982664931
QUAL.US Exposure
0.005963971874584576
SHV.US Exposure
0.6925043358850089
TLT.US Exposure
-0.005374288954604665
LQD.US Exposure
0.03742981229228873
HYG.US Exposure
0.04230472335760163
GLD.US Exposure
0.003058211756495812
USO.US Exposure
0.016220178444751175
VNQ.US Exposure
0.024460664476335915
BTC-USD.CC Exposure
-0.003168879613178153
CPER.US Exposure
0.0017741666135556108
VIX.INDX Exposure
0.009788807344213165
UUP.US Exposure
-0.0035203488068951865
TIP.US Exposure
0.014039082785087222
Idiosyncratic Exposure
0.13601798448013203
Value Score
41.6
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
8.9
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
24.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →21.0x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.74%
Market Cap$61.7B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$964
Avg Yield on Cost
1.93%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2021$302.663.03%Solid
2022$66.580.67%Solid
2023$302.663.03%Solid
2024$86.560.87%Solid
2025$205.812.06%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-1.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-10.4%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
17.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.13
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is BMO MSCI India Selection Equity Index ETF a high-risk investment?

BMO MSCI India Selection Equity Index ETF (ZID.TO) has an annualized volatility of 24.2% and experienced a maximum drawdown of 35.0% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of ZID.TO?

Over the past 10 years, ZID.TO has generated a Compound Annual Growth Rate (CAGR) of 9.5%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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