BMO Short-Term Discount Bond ETF (ZSDB.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO Short-Term Discount Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BMO Short-Term Discount Bond ETF (ZSDB.TO) has returned 0.01% so far this year and 0.96% over the past 12 months.

Based on dividend-adjusted daily data since Jan 27, 2022, ZSDB.TO's average daily return is +0.02%, while the average monthly return is +0.23%. At this rate, your investment would double in approximately 25.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Dec 2023 with a return of +2.7%, while the worst month was Jun 2022 at -3.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ZSDB.TO closed higher 50% of trading days. The best single day was Aug 2, 2022 with a return of +1.4%, while the worst single day was Jun 1, 2022 at -2.9%.

BMO Short-Term Discount Bond ETF has an annualized alpha of 4.00%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 10, 2022.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.89%) than losses (6.07%) — typical of diversified or defensive assets.
• Beta of 0.01 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.

ZSDB.TO has an expense ratio of 0.09%, which is considered low.

ZSDB.TO ranks 22 for risk / return — below 22% 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.

The table below present risk-adjusted performance metrics for BMO Short-Term Discount Bond ETF (ZSDB.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO Short-Term Discount Bond ETF provided a 1.31% dividend yield over the last twelve months, with an annual payout of CA$0.41 per share.

The table displays the monthly dividend distributions for BMO Short-Term Discount Bond 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 Short-Term Discount Bond 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 Short-Term Discount Bond ETF was 4.88%, occurring on Jun 14, 2022. Recovery took 163 trading sessions.

The current BMO Short-Term Discount Bond ETF drawdown is 1.39%.

The chart below shows the rolling one-month volatility.