BMO Discount Bond (ZDB.TO)

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

BMO Discount Bond (ZDB.TO) has returned 0.17% so far this year and 0.41% over the past 12 months. Over the last ten years, ZDB.TO has returned 1.58% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.

Based on dividend-adjusted daily data since Feb 18, 2014, ZDB.TO's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, your investment would double in approximately 28.9 years.

Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +6.0%, while the worst month was Mar 2020 at -4.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ZDB.TO closed higher 45% of trading days. The best single day was Mar 17, 2020 with a return of +4.3%, while the worst single day was Mar 16, 2020 at -5.7%.

BMO Discount Bond has an annualized alpha of 1.73%, beta of 0.05, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 19, 2014.

• This ETF participated in 23.28% of S&P 500 Index downside but only 17.11% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.05 may look defensive, but with R² of 0.01 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 0.01 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.

ZDB.TO has an expense ratio of 0.10%, which is considered low.

ZDB.TO ranks 14 for risk / return — in the bottom 14% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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

BMO Discount Bond provided a 2.13% dividend yield over the last twelve months, with an annual payout of CA$0.32 per share.

The table displays the monthly dividend distributions for BMO Discount Bond. 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 Discount Bond. 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 Discount Bond was 18.09%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current BMO Discount Bond drawdown is 2.76%.

The chart below shows the rolling one-month volatility.