BMO Emerging Markets Bond Hedged to CAD Index ETF (ZEF.TO)

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BMO Emerging Markets Bond Hedged to CAD Index ETF (ZEF.TO) is up 0.7% since the beginning of the year. ZEF.TO is currently trading at CA$12 per share. Investors who bought CA$1,000 worth of ZEF.TO shares 5 years ago would now be looking at an investment worth CA$1,004.

BMO Emerging Markets Bond Hedged to CAD Index ETF (ZEF.TO) has returned 0.74% so far this year and 4.01% over the past 12 months. Over the last ten years, ZEF.TO has returned 1.19% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since May 26, 2010, ZEF.TO's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +7.4%, while the worst month was Mar 2020 at -12.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ZEF.TO closed higher 49% of trading days. The best single day was Mar 23, 2020 with a return of +7.1%, while the worst single day was Mar 18, 2020 at -8.6%.

BMO Emerging Markets Bond Hedged to CAD Index ETF has an annualized alpha of 1.45%, beta of 0.17, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since May 26, 2010.

• This ETF participated in 20.37% of S&P 500 Index downside but only 19.37% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.17 may look defensive, but with R2 of 0.11 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 0.11 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.

ZEF.TO ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

BMO Emerging Markets Bond Hedged to CAD Index ETF provided a 4.21% dividend yield over the last twelve months, with an annual payout of CA$0.52 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for BMO Emerging Markets Bond Hedged to CAD 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 Emerging Markets Bond Hedged to CAD 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 Emerging Markets Bond Hedged to CAD Index ETF was 23.81%, occurring on Oct 20, 2022. Recovery took 833 trading sessions.

The current BMO Emerging Markets Bond Hedged to CAD Index ETF drawdown is 0.94%.

The chart below shows the rolling one-month volatility.