BMO Mid Federal Bond Index ETF (ZFM.TO)

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BMO Mid Federal Bond Index ETF (ZFM.TO) is up 2.0% since the beginning of the year. ZFM.TO is currently trading at CA$15 per share. Investors who bought CA$1,000 worth of ZFM.TO shares 5 years ago would now be looking at an investment worth CA$1,010.

BMO Mid Federal Bond Index ETF (ZFM.TO) has returned 1.97% so far this year and 2.94% over the past 12 months. Over the last ten years, ZFM.TO has returned 0.66% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since Apr 20, 2010, ZFM.TO's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 56% of months were positive and 44% were negative. The best month was Jul 2022 with a return of +4.7%, while the worst month was Mar 2022 at -4.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ZFM.TO closed higher 45% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Mar 13, 2020 at -1.8%.

BMO Mid Federal Bond Index ETF has an annualized alpha of 3.16%, beta of -0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 20, 2010.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.30%) than losses (4.11%) - typical of diversified or defensive assets.
• Beta of -0.03 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.

ZFM.TO ranks 20 for risk / return — below 20% 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 Mid Federal Bond Index ETF provided a 2.55% dividend yield over the last twelve months, with an annual payout of CA$0.38 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for BMO Mid Federal 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 Mid Federal 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 Mid Federal Bond Index ETF was 19.06%, occurring on Oct 3, 2023. The portfolio has not yet recovered.

The current BMO Mid Federal Bond Index ETF drawdown is 3.87%.

The chart below shows the rolling one-month volatility.