PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BK.TO vs. ZLB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BK.TO vs. ZLB.TO

Last updated Jun 26, 2026

BK.TO (Canadian Banc Corp.) is a stock, while ZLB.TO (BMO Low Volatility Canadian Equity ETF) is Canada Equities fund actively managed by BMO. Over the past 10 years, BK.TO returned 29.46%/yr vs 10.98%/yr for ZLB.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

BK.TO vs. ZLB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canadian Banc Corp. (BK.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BK.TO achieves a 44.58% return, which is significantly higher than ZLB.TO's 7.96% return. Over the past 10 years, BK.TO has outperformed ZLB.TO with an annualized return of 29.46%, while ZLB.TO has yielded a comparatively lower 10.98% annualized return.

BK.TO

1D
0.49%
1M
9.62%
YTD
44.58%
6M
46.33%
1Y
160.34%
3Y*
50.92%
5Y*
38.24%
10Y*
29.46%

ZLB.TO

1D
0.14%
1M
3.75%
YTD
7.96%
6M
3.86%
1Y
15.29%
3Y*
16.40%
5Y*
11.76%
10Y*
10.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BK.TO vs. ZLB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BK.TO
Canadian Banc Corp.		44.58%103.67%31.44%-5.07%14.58%78.52%1.11%18.15%-20.58%31.55%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		7.96%20.40%15.31%9.41%-0.35%22.93%1.51%21.92%-2.76%11.11%

Correlation

The correlation between BK.TO and ZLB.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Oct 27, 2011

0.42

The correlation between BK.TO and ZLB.TO shifts across timeframes, from 0.26 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Canadian Banc Corp.

BMO Low Volatility Canadian Equity ETF

Often compared with BK.TO:
BK.TO vs. FTN.TOBK.TO vs. DFN.TOBK.TO vs. LBS.TOBK.TO vs. ENS.TOBK.TO vs. DIV.TOBK.TO vs. RS.TOBK.TO vs. DF.TO
Often compared with ZLB.TO:
ZLB.TO vs. VDY.TOZLB.TO vs. XIU.TOZLB.TO vs. XDIV.TOZLB.TO vs. XMW.TOZLB.TO vs. XBAL.TOZLB.TO vs. XUT.TOZLB.TO vs. XUU-U.TO

Return for Risk

BK.TO vs. ZLB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BK.TO
BK.TO Risk / Return Rank: 9999
Overall Rank
BK.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
BK.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
BK.TO Omega Ratio Rank: 9999
Omega Ratio Rank
BK.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
BK.TO Martin Ratio Rank: 9999
Martin Ratio Rank
ZLB.TO
ZLB.TO Risk / Return Rank: 5757
Overall Rank
ZLB.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ZLB.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
ZLB.TO Omega Ratio Rank: 5959
Omega Ratio Rank
ZLB.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
ZLB.TO Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BK.TO vs. ZLB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Banc Corp. (BK.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BK.TOZLB.TODifference
Sharpe ratioReturn per unit of total volatility
4.90
1.66

+3.24

Sortino ratioReturn per unit of downside risk
6.34
2.24

+4.09

Omega ratioGain probability vs. loss probability

2.29

1.31

+0.98

Calmar ratioReturn relative to maximum drawdown

16.22

2.71

+13.52

Martin ratioReturn relative to average drawdown

48.31

7.93

+40.38

BK.TO vs. ZLB.TO - Sharpe Ratio Comparison

The current BK.TO Sharpe Ratio is 4.90, which is higher than the ZLB.TO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of BK.TO and ZLB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

BK.TO vs. ZLB.TO - Drawdown Comparison

The maximum BK.TO drawdown since its inception was -82.39%, which is greater than ZLB.TO's maximum drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for BK.TO and ZLB.TO.

Loading charts...

Drawdown Indicators

BK.TOZLB.TODifference

Max Drawdown

Largest peak-to-trough decline

-82.39%

-33.96%

-48.43%

Max Drawdown (1Y)

Largest decline over 1 year

-9.94%

-5.67%

-4.27%

Max Drawdown (3Y)

Largest decline over 3 years

-25.20%

-8.01%

-17.19%

Max Drawdown (5Y)

Largest decline over 5 years

-25.20%

-13.00%

-12.20%

Max Drawdown (10Y)

Largest decline over 10 years

-53.66%

-33.96%

-19.70%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-10.68%

-2.48%

-8.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.33%

1.93%

+1.40%

Volatility

BK.TO vs. ZLB.TO - Volatility Comparison

Canadian Banc Corp. (BK.TO) has a higher volatility of 4.16% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 2.38%. This indicates that BK.TO's price experiences larger fluctuations and is considered to be riskier than ZLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BK.TOZLB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.16%

2.38%

+1.78%

Volatility (6M)

Calculated over the trailing 6-month period

22.51%

7.73%

+14.78%

Volatility (1Y)

Calculated over the trailing 1-year period

32.93%

9.29%

+23.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.21%

9.64%

+12.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.92%

12.22%

+14.70%

Dividends

BK.TO vs. ZLB.TO - Dividend Comparison

BK.TO's dividend yield for the trailing twelve months is around 10.49%, more than ZLB.TO's 1.84% yield.

PositionTTM20252024202320222021202020192018201720162015
BK.TO
Canadian Banc Corp.		10.49%11.93%17.47%21.76%19.24%11.81%11.68%13.71%16.33%15.40%9.93%16.49%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		1.84%1.99%2.37%2.67%2.66%2.39%2.83%2.44%2.76%2.55%2.94%2.34%

Frequently Asked Questions

BK.TO and ZLB.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for BK.TO and ZLB.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer