BMO Short-Term US TIPS Index ETF (ZTIP.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO Short-Term US TIPS Index 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 US TIPS Index ETF (ZTIP.TO) has returned 2.50% so far this year and 0.54% over the past 12 months.

Based on dividend-adjusted daily data since Jan 26, 2021, ZTIP.TO's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, your investment would double in approximately 13.2 years.

Historically, 65% of months were positive and 35% were negative. The best month was Oct 2023 with a return of +3.4%, while the worst month was Apr 2025 at -3.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ZTIP.TO closed higher 30% of trading days. The best single day was Mar 15, 2023 with a return of +2.4%, while the worst single day was Feb 4, 2025 at -1.7%.

BMO Short-Term US TIPS Index ETF has an annualized alpha of 5.82%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 27, 2021.

• This ETF captured 8.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -25.81%) — a profile typical of hedging or uncorrelated assets.
• 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.

ZTIP.TO has an expense ratio of 0.17%, which is considered low.

ZTIP.TO ranks 14 for risk / return — in the bottom 14% 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.

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

BMO Short-Term US TIPS Index ETF provided a 3.46% dividend yield over the last twelve months, with an annual payout of CA$1.14 per share.

The table displays the monthly dividend distributions for BMO Short-Term US TIPS 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 Short-Term US TIPS 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 Short-Term US TIPS Index ETF was 5.60%, occurring on Jun 16, 2025. Recovery took 86 trading sessions.

The current BMO Short-Term US TIPS Index ETF drawdown is 0.20%.

The chart below shows the rolling one-month volatility.