BMO High Quality Corporate Bond Index ETF (ZQB.TO)

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

BMO High Quality Corporate Bond Index ETF (ZQB.TO) is up 1.6% since the beginning of the year. ZQB.TO is currently trading at CA$29 per share. Investors who bought CA$1,000 worth of ZQB.TO shares 5 years ago would now be looking at an investment worth CA$1,129.

BMO High Quality Corporate Bond Index ETF (ZQB.TO) has returned 1.59% so far this year and 3.80% over the past 12 months.

Based on dividend-adjusted daily data since Feb 12, 2020, ZQB.TO's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +6.6%, while the worst month was Mar 2020 at -6.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ZQB.TO closed higher 39% of trading days. The best single day was Apr 1, 2020 with a return of +4.4%, while the worst single day was Mar 27, 2020 at -3.8%.

BMO High Quality Corporate Bond Index ETF has an annualized alpha of 2.68%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 12, 2020.

• This ETF participated in 15.49% of S&P 500 Index downside but only 13.64% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.00 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.

ZQB.TO ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

BMO High Quality Corporate Bond Index ETF provided a 3.92% dividend yield over the last twelve months, with an annual payout of CA$1.14 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for BMO High Quality 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 Quality 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 Quality Corporate Bond Index ETF was 10.18%, occurring on Oct 21, 2022. Recovery took 406 trading sessions.

The current BMO High Quality Corporate Bond Index ETF drawdown is 0.17%.

The chart below shows the rolling one-month volatility.