BMO High Yield US Corporate Bond Index ETF (ZJK.TO)

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BMO High Yield US Corporate Bond Index ETF (ZJK.TO) is up 5.3% since the beginning of the year. ZJK.TO is currently trading at CA$19 per share. Investors who bought CA$1,000 worth of ZJK.TO shares 5 years ago would now be looking at an investment worth CA$1,355.

BMO High Yield US Corporate Bond Index ETF (ZJK.TO) has returned 5.30% so far this year and 10.21% over the past 12 months.

Based on dividend-adjusted daily data since Oct 11, 2017, ZJK.TO's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +8.0%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ZJK.TO closed higher 50% of trading days. The best single day was Mar 26, 2020 with a return of +8.5%, while the worst single day was Mar 23, 2020 at -7.2%.

BMO High Yield US Corporate Bond Index ETF has an annualized alpha of 3.49%, beta of 0.13, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since October 11, 2017.

• This ETF participated in 28.95% of S&P 500 Index downside but only 27.08% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.13 may look defensive, but with R2 of 0.07 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 0.07 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.

ZJK.TO ranks 62 for risk / return — better than 62% 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.

BMO High Yield US Corporate Bond Index ETF provided a 6.18% dividend yield over the last twelve months, with an annual payout of CA$1.19 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for BMO High Yield US 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 High Yield US 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 High Yield US Corporate Bond Index ETF was 19.40%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.

The current BMO High Yield US Corporate Bond Index ETF drawdown is 0.56%.

The chart below shows the rolling one-month volatility.