BXF.TO vs. ZTL.NEO
BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) and ZTL.NEO (BMO Long-Term US Treasury Bond Index ETF) are both Government Bonds funds. Over the past 5 years, BXF.TO returned 1.96%/yr vs -4.22%/yr for ZTL.NEO. At a 0.26 correlation, their price movements are largely independent.
Performance
BXF.TO vs. ZTL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, BXF.TO achieves a 1.25% return, which is significantly lower than ZTL.NEO's 4.33% return.
BXF.TO
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.25%
- 6M
- 1.15%
- 1Y
- 2.70%
- 3Y*
- 4.49%
- 5Y*
- 1.96%
- 10Y*
- 1.81%
ZTL.NEO
- 1D
- -1.43%
- 1M
- 4.23%
- YTD
- 4.33%
- 6M
- 3.77%
- 1Y
- 6.63%
- 3Y*
- 0.62%
- 5Y*
- -4.22%
- 10Y*
- —
BXF.TO vs. ZTL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 1.25% | 3.86% | 4.51% | 4.55% | -3.73% | -0.83% | 5.07% | 2.36% | 1.77% | -0.01% |
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 4.33% | -0.43% | -0.21% | 0.46% | -26.25% | -5.72% | 14.95% | 8.69% | 6.67% | 2.82% |
Correlation
The correlation between BXF.TO and ZTL.NEO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2017 | 0.26 |
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Return for Risk
BXF.TO vs. ZTL.NEO — Risk / Return Rank
BXF.TO
ZTL.NEO
BXF.TO vs. ZTL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) and BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO). 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.
| BXF.TO | ZTL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.74 | +1.00 |
| Martin ratioReturn relative to average drawdown | 5.46 | 1.60 | +3.86 |
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Drawdowns
BXF.TO vs. ZTL.NEO - Drawdown Comparison
The maximum BXF.TO drawdown since its inception was -6.99%, smaller than the maximum ZTL.NEO drawdown of -49.55%. Use the drawdown chart below to compare losses from any high point for BXF.TO and ZTL.NEO.
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Drawdown Indicators
| BXF.TO | ZTL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.99% | -49.55% | +42.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -9.01% | +7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -15.68% | +13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -6.92% | -39.89% | +32.97% |
Max Drawdown (10Y)Largest decline over 10 years | -6.99% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -39.05% | +38.94% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -23.86% | +22.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 4.17% | -3.66% |
Volatility
BXF.TO vs. ZTL.NEO - Volatility Comparison
The current volatility for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) is 0.67%, while BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) has a volatility of 3.18%. This indicates that BXF.TO experiences smaller price fluctuations and is considered to be less risky than ZTL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXF.TO | ZTL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.18% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 7.09% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 9.77% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 16.17% | -12.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 15.80% | -12.19% |
Dividends
BXF.TO vs. ZTL.NEO - Dividend Comparison
BXF.TO's dividend yield for the trailing twelve months is around 2.97%, less than ZTL.NEO's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 2.97% | 2.91% | 3.29% | 2.58% | 1.58% | 1.38% | 1.67% | 1.75% | 1.55% | 1.17% | 1.19% | 1.24% |
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 3.09% | 3.15% | 3.07% | 3.55% | 3.44% | 2.46% | 2.26% | 2.55% | 2.75% | 2.82% | 0.00% | 0.00% |
Frequently Asked Questions
BXF.TO and ZTL.NEO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and BMO.
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