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BMO Long Federal Bond (ZFL.TO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BMO Long Federal Bond (ZFL.TO)

ETF · Currency in CAD · Last updated May 17, 2025

The BMO Long Federal Bond Index ETF aims to replicate the performance of the FTSE TMX Canada Long Term Federal Bond Index, net of expenses, by investing primarily in debt securities with maturities greater than ten years that are issued or guaranteed by the Government of Canada and its agencies.

ETF Info

CUSIP

05590K100

Issuer

BMO

Inception Date

May 19, 2010

Region

North America (Canada)

Category

Canadian Government Bonds

Leveraged

1x

Index Tracked

FTSE TMX Canada Long Term Federal Bond Index

Domicile

Canada

Distribution Policy

Distributing

Asset Class

Bond

Expense Ratio

ZFL.TO has an expense ratio of 0.22%, which is considered low.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Performance

Performance Chart

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Returns By Period

BMO Long Federal Bond (ZFL.TO) returned -1.04% year-to-date (YTD) and 3.06% over the past 12 months. Over the past 10 years, ZFL.TO returned -0.13% annually, underperforming the S&P 500 benchmark at 10.87%.

ZFL.TO

YTD

-1.04%

1M

-1.02%

6M

-1.44%

1Y

3.06%

5Y*

-6.23%

10Y*

-0.13%

^GSPC (Benchmark)

YTD

1.30%

1M

12.94%

6M

1.49%

1Y

12.48%

5Y*

15.82%

10Y*

10.87%

*Annualized

Monthly Returns

The table below presents the monthly returns of ZFL.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.64%2.45%-1.38%-2.69%-0.97%-1.04%
2024-4.43%-1.07%0.43%-5.29%3.81%1.92%3.45%-0.21%2.60%-2.56%3.07%-3.38%-2.20%
20235.72%-4.28%3.89%1.80%-3.34%0.96%-3.45%-1.37%-6.89%-0.25%8.57%6.98%7.30%
2022-7.01%-1.41%-4.46%-7.50%-0.81%-4.57%7.43%-4.25%-1.21%-3.20%5.36%-4.24%-23.89%
2021-4.36%-5.35%-3.79%-1.30%0.90%3.44%1.93%-0.43%-3.71%-0.68%2.25%3.92%-7.47%
20205.86%2.04%0.73%3.76%0.06%2.12%1.74%-3.86%1.19%-2.13%1.26%-0.43%12.68%
20191.07%-0.37%4.46%-1.19%3.90%1.43%-0.19%4.59%-1.93%-0.49%0.13%-2.68%8.73%
2018-2.17%0.25%2.61%-2.39%2.03%0.89%-2.29%1.97%-2.48%-1.24%2.57%3.19%2.69%
2017-1.13%1.30%0.82%2.76%1.75%-1.69%-4.80%3.14%-2.68%2.62%1.46%-0.42%2.84%
20162.34%0.56%-0.62%-1.16%2.23%4.12%1.22%0.28%0.43%-3.47%-4.66%-2.27%-1.34%
20157.77%-0.80%-0.65%-3.59%0.87%-1.50%2.04%0.19%-0.24%-1.52%0.34%2.56%5.16%
20145.40%0.11%-0.44%0.78%2.48%-0.07%2.02%1.99%-1.23%1.21%2.89%1.23%17.45%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ZFL.TO is 25, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of ZFL.TO is 2525
Overall Rank
The Sharpe Ratio Rank of ZFL.TO is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of ZFL.TO is 2525
Sortino Ratio Rank
The Omega Ratio Rank of ZFL.TO is 2222
Omega Ratio Rank
The Calmar Ratio Rank of ZFL.TO is 2121
Calmar Ratio Rank
The Martin Ratio Rank of ZFL.TO is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for BMO Long Federal Bond (ZFL.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

BMO Long Federal Bond Sharpe ratios as of May 17, 2025 (values are recalculated daily):

  • 1-Year: 0.23
  • 5-Year: -0.42
  • 10-Year: -0.01
  • All Time: 0.19

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of BMO Long Federal Bond compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

BMO Long Federal Bond provided a 3.12% dividend yield over the last twelve months, with an annual payout of CA$0.40 per share.

2.60%2.80%3.00%3.20%3.40%3.60%3.80%CA$0.00CA$0.10CA$0.20CA$0.30CA$0.40CA$0.50CA$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
DividendCA$0.40CA$0.42CA$0.48CA$0.50CA$0.52CA$0.52CA$0.54CA$0.52CA$0.52CA$0.53CA$0.57CA$0.57

Dividend yield

3.12%3.20%3.49%3.77%2.85%2.57%2.95%3.00%2.99%3.05%3.10%3.19%

Monthly Dividends

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025CA$0.03CA$0.03CA$0.03CA$0.03CA$0.00CA$0.13
2024CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.03CA$0.03CA$0.03CA$0.03CA$0.03CA$0.03CA$0.03CA$0.42
2023CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.48
2022CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.50
2021CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.52
2020CA$0.04CA$0.05CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.52
2019CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.54
2018CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.05CA$0.52
2017CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.04CA$0.05CA$0.52
2016CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.04CA$0.04CA$0.04CA$0.04CA$0.53
2015CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.06CA$0.57
2014CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.05CA$0.57

Drawdowns

Drawdowns Chart

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the BMO Long Federal 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 Long Federal Bond was 40.31%, occurring on Oct 3, 2023. The portfolio has not yet recovered.

The current BMO Long Federal Bond drawdown is 30.58%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-40.31%Mar 10, 2020896Oct 3, 2023———
-12.53%Jul 11, 2016169Mar 13, 2017510Mar 25, 2019679
-12.14%Jul 24, 2012284Sep 10, 2013234Aug 15, 2014518
-9.13%Feb 3, 201589Jun 10, 2015153Jan 20, 2016242
-7.16%Aug 16, 201950Oct 28, 201981Feb 24, 2020131

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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