CGHY.TO vs. ZJK.TO
CGHY.TO (CI High Yield Bond Private Pool ETF C$ Series) and ZJK.TO (BMO High Yield US Corporate Bond Index ETF) are both High Yield Bonds funds. Over the past 5 years, CGHY.TO returned 9.40%/yr vs 6.26%/yr for ZJK.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
CGHY.TO vs. ZJK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGHY.TO achieves a 3.35% return, which is significantly lower than ZJK.TO's 5.30% return.
CGHY.TO
- 1D
- 0.00%
- 1M
- 1.28%
- YTD
- 3.35%
- 6M
- 3.45%
- 1Y
- 6.51%
- 3Y*
- 8.89%
- 5Y*
- 9.40%
- 10Y*
- 6.74%
ZJK.TO
- 1D
- -0.05%
- 1M
- 3.11%
- YTD
- 5.30%
- 6M
- 5.36%
- 1Y
- 10.21%
- 3Y*
- 10.73%
- 5Y*
- 6.26%
- 10Y*
- —
CGHY.TO vs. ZJK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGHY.TO CI High Yield Bond Private Pool ETF C$ Series | 3.35% | 6.19% | 9.66% | 13.41% | 13.50% | 2.47% | -1.13% | 10.73% | -2.45% | -0.04% |
ZJK.TO BMO High Yield US Corporate Bond Index ETF | 5.30% | 3.22% | 16.76% | 10.33% | -6.46% | 3.60% | 3.27% | 9.18% | 3.97% | 0.47% |
Correlation
The correlation between CGHY.TO and ZJK.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | 0.08 |
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Return for Risk
CGHY.TO vs. ZJK.TO — Risk / Return Rank
CGHY.TO
ZJK.TO
CGHY.TO vs. ZJK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Yield Bond Private Pool ETF C$ Series (CGHY.TO) and BMO High Yield US Corporate Bond Index ETF (ZJK.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.
| CGHY.TO | ZJK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.78 | +0.22 |
| Martin ratioReturn relative to average drawdown | 9.44 | 8.05 | +1.39 |
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Drawdowns
CGHY.TO vs. ZJK.TO - Drawdown Comparison
The maximum CGHY.TO drawdown since its inception was -24.44%, which is greater than ZJK.TO's maximum drawdown of -19.40%. Use the drawdown chart below to compare losses from any high point for CGHY.TO and ZJK.TO.
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Drawdown Indicators
| CGHY.TO | ZJK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -19.40% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -3.69% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -7.69% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -9.81% | -14.93% | +5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -24.44% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -2.65% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.27% | -0.58% |
Volatility
CGHY.TO vs. ZJK.TO - Volatility Comparison
CI High Yield Bond Private Pool ETF C$ Series (CGHY.TO) has a higher volatility of 2.94% compared to BMO High Yield US Corporate Bond Index ETF (ZJK.TO) at 1.76%. This indicates that CGHY.TO's price experiences larger fluctuations and is considered to be riskier than ZJK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGHY.TO | ZJK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.76% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 4.52% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 5.93% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 7.82% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 10.09% | +2.87% |
Dividends
CGHY.TO vs. ZJK.TO - Dividend Comparison
CGHY.TO's dividend yield for the trailing twelve months is around 5.02%, less than ZJK.TO's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGHY.TO CI High Yield Bond Private Pool ETF C$ Series | 5.02% | 5.40% | 4.99% | 5.14% | 5.08% | 6.32% | 6.08% | 5.65% | 5.91% | 5.45% | 5.57% | 4.73% |
ZJK.TO BMO High Yield US Corporate Bond Index ETF | 6.18% | 5.97% | 5.59% | 6.15% | 6.37% | 5.60% | 5.94% | 6.32% | 5.45% | 0.88% | 0.00% | 0.00% |
Frequently Asked Questions
CGHY.TO and ZJK.TO have a correlation of 0.11, 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 Global Asset Management and BMO.
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