ZEB.TOvsVFV.TO

10-Year Study
BMO S&P/TSX Equal Weight Banks()
Vanguard S&P 500 Index ETF()

The Verdict

Over the synchronized 10-year period measured, neither historically led across 12 distinct risk and return vectors.
ZEB.TO generated a 10-year CAGR of 15.3% (Max Drawdown: 24.2%), while VFV.TO generated 15.0% (Max Drawdown: 18.5%).

ZEB.TO
6
metric wins
15.3% CAGR
VS
VFV.TO
6
metric wins
15.0% CAGR
Tied — very close race

Head-to-Head StatisticsiDetailed side-by-side breakdown of return and risk metrics.

10Y CAGRCAGRCompound Annual Growth Rate — the annualized rate of return over a period, accounting for compounding.Click for full definition →
ZEB.TO
+15.3%
VS
VFV.TO
+15.0%
5Y CAGRCAGRCompound Annual Growth Rate — the annualized rate of return over a period, accounting for compounding.Click for full definition →
ZEB.TO
+17.1%
VS
VFV.TO
+15.2%
3Y CAGRCAGRCompound Annual Growth Rate — the annualized rate of return over a period, accounting for compounding.Click for full definition →
ZEB.TO
+31.6%
VS
VFV.TO
+21.1%
1Y CAGRCAGRCompound Annual Growth Rate — the annualized rate of return over a period, accounting for compounding.Click for full definition →
ZEB.TO
+55.3%
VS
VFV.TO
+21.7%
Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
lower is better
ZEB.TO
-24.2%
VS
VFV.TO
-18.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
ZEB.TO
0.77
VS
VFV.TO
0.90
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
ZEB.TO
1.08
VS
VFV.TO
1.43
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
lower is better
ZEB.TO
+16.3%
VS
VFV.TO
+12.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
ZEB.TO
+80.0%
VS
VFV.TO
+90.0%
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →
ZEB.TO
+2.8%
VS
VFV.TO
+0.0%
10Y Income ($10k)
ZEB.TO
$191
VS
VFV.TO
$1,711
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
lower = less market sensitivity
ZEB.TO
0.99
VS
VFV.TO
0.97

Historical Trajectory

Growth of $10,000 Over 10 Years

Annual Returns Comparison

Performance Consistency

Rolling 12-Month Returns

Risk & Factor X-Ray AnalysisiAnalyzes downside volatility and macro factor exposures.

Historical Drawdowns

Return Correlation

58%
Pearson Correlation Coefficient

Low correlation. Holding both provides strong potential diversification benefits.

Risk X-Ray Macro Factor Exposure Mapping

ZEB.TO Factor Exposure
VFV.TO Factor Exposure

Fundamentals, Quality & IncomeiSide-by-side fundamental valuation, corporate health, and 10-year income generation.

Fundamentals Radar

Valuation & Quality Matrix

P/E Ratio
14.0
0.0
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 →
0
0
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 →
1.3
1.3
Market Cap
$148.8B
$0

10-Year Income Simulation ($10k)

Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →
2.8%
0.0%
Total Income Gen
$191
$1,711

Momentum & Macro PositioningiCompares relative price trends, moving averages, and market sensitivity.

50-Day SMA

ZEB.TO+6.9%
VFV.TO+3.9%

200-Day SMA

ZEB.TO+18.9%
VFV.TO+4.7%

Beta (Market Risk)

ZEB.TO0.99
VFV.TO0.97

Frequently Asked Questions

How did ZEB.TO compare to VFV.TO historically?

ZEB.TO and VFV.TO performed comparably over the measured period. Neither clearly dominated across all risk and return metrics. The right choice depends on your individual investment goals, income needs, and risk tolerance.

What is the 10-year CAGR of ZEB.TO vs VFV.TO?

Over the 2016–2026 study period, ZEB.TO produced an annualized return (CAGR) of 15.3% while VFV.TO produced 15.0%. A ${10,000} investment in ZEB.TO would have grown to approximately $42,630, compared to $41,272 for VFV.TO.

What is the maximum drawdown of ZEB.TO vs VFV.TO?

ZEB.TO experienced a peak-to-trough drawdown of 24.2% (2022 was its worst year at -10.4%), versus 18.5% for VFV.TO (worst year 2022 at -12.6%). A smaller maximum drawdown indicates lower downside risk and is particularly important for investors close to or in retirement.

How correlated are ZEB.TO and VFV.TO?

ZEB.TO and VFV.TO have a Pearson return correlation of 58% over the study period. This low correlation means the two ETFs behave quite differently. Combining both could meaningfully reduce portfolio volatility relative to holding either alone.

Which ETF has a better Sharpe ratio — ZEB.TO or VFV.TO?

ZEB.TO has a Sharpe ratio of 0.77 versus 0.90 for VFV.TO. The Sharpe ratio measures return per unit of risk (volatility) relative to a risk-free rate. VFV.TO delivered better risk-adjusted returns over the study period. ZEB.TO had annualized volatility of 16.3% vs 12.8% for VFV.TO.

Which ETF pays a higher dividend — ZEB.TO or VFV.TO?

ZEB.TO has a dividend yield of 2.82%, while VFV.TO yields 0.00%. On a $10,000 investment, ZEB.TO paid approximately $191 in cumulative income vs $1,711 for VFV.TO over the study period. Income-focused investors should weigh dividend yield alongside total return (price appreciation + dividends), since a lower-yielding ETF can still produce superior total returns through capital gains.

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