BMO Long Provincial Bond Index ETF (ZPL.TO)

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BMO Long Provincial Bond Index ETF (ZPL.TO) is up 3.5% since the beginning of the year. ZPL.TO is currently trading at CA$12 per share. Investors who bought CA$1,000 worth of ZPL.TO shares 5 years ago would now be looking at an investment worth CA$892.

BMO Long Provincial Bond Index ETF (ZPL.TO) has returned 3.53% so far this year and 3.20% over the past 12 months. Over the last ten years, ZPL.TO has returned 0.48% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since Mar 27, 2013, ZPL.TO's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +8.9%, while the worst month was Jan 2022 at -7.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ZPL.TO closed higher 51% of trading days. The best single day was Apr 16, 2020 with a return of +4.0%, while the worst single day was Mar 18, 2020 at -5.3%.

BMO Long Provincial Bond Index ETF has an annualized alpha of 1.92%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 27, 2013.

• This ETF participated in 55.77% of S&P 500 Index downside but only 27.09% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.02 may look defensive, but with R2 of 0.00 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 0.00 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.

ZPL.TO ranks 15 for risk / return — in the bottom 15% 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.

BMO Long Provincial Bond Index ETF provided a 3.53% dividend yield over the last twelve months, with an annual payout of CA$0.43 per share.

The table displays the monthly dividend distributions for BMO Long Provincial 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 Long Provincial 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 Long Provincial Bond Index ETF was 33.96%, occurring on Oct 3, 2023. The portfolio has not yet recovered.

The current BMO Long Provincial Bond Index ETF drawdown is 19.82%.

The chart below shows the rolling one-month volatility.