BMO Short Corporate Bond Index ETF (ZCS.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO Short Corporate Bond Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BMO Short Corporate Bond Index ETF (ZCS.TO) has returned 0.15% so far this year and 3.27% over the past 12 months. Over the last ten years, ZCS.TO has returned 2.75% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since Oct 26, 2009, ZCS.TO's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 72% of months were positive and 28% were negative. The best month was Apr 2020 with a return of +3.5%, while the worst month was Mar 2020 at -3.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZCS.TO closed higher 45% of trading days. The best single day was Mar 24, 2020 with a return of +3.7%, while the worst single day was Mar 18, 2020 at -8.1%.

BMO Short Corporate Bond Index ETF has an annualized alpha of 2.51%, beta of 0.05, and R² of 0.03 versus S&P 500 Index. Calculated based on daily prices since October 27, 2009.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.21%) than losses (0.10%) — typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R² of 0.03 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.03 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ZCS.TO has an expense ratio of 0.11%, which is considered low.

ZCS.TO ranks 79 for risk / return — better than 79% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for BMO Short Corporate Bond Index ETF (ZCS.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO Short Corporate Bond Index ETF provided a 3.82% dividend yield over the last twelve months, with an annual payout of CA$0.53 per share. The fund has been increasing its distributions for 7 consecutive years.

The table displays the monthly dividend distributions for BMO Short Corporate Bond Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO Short Corporate Bond Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO Short Corporate Bond Index ETF was 13.95%, occurring on Mar 18, 2020. Recovery took 56 trading sessions.

The current BMO Short Corporate Bond Index ETF drawdown is 1.01%.

The chart below shows the rolling one-month volatility.