CRT-UN.TO vs. ZCB.TO

Last updated Jun 9, 2026

CRT-UN.TO (CT Real Estate Investment Trust) is a stock, while ZCB.TO (BMO Corporate Bond Index ETF) is Corporate Bonds fund tracking the FTSE Canada All Corporate Bond Index. Over the past 5 years, CRT-UN.TO returned 7.05%/yr vs 2.00%/yr for ZCB.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

CRT-UN.TO vs. ZCB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CT Real Estate Investment Trust (CRT-UN.TO) and BMO Corporate Bond Index ETF (ZCB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRT-UN.TO achieves a 11.59% return, which is significantly higher than ZCB.TO's 1.42% return.

CRT-UN.TO

• 1D: -0.11%
• 1M: 1.42%
• YTD: 11.59%
• 6M: 15.18%
• 1Y: 16.30%
• 3Y*: 12.39%
• 5Y*: 7.05%
• 10Y*: 7.63%

ZCB.TO

• 1D: -0.29%
• 1M: 0.25%
• YTD: 1.42%
• 6M: 1.88%
• 1Y: 4.11%
• 3Y*: 6.12%
• 5Y*: 2.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRT-UN.TO vs. ZCB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CRT-UN.TO CT Real Estate Investment Trust	11.59%	20.98%	3.91%	-0.26%	-5.16%	16.12%	2.73%	47.59%	-9.00%
ZCB.TO BMO Corporate Bond Index ETF	1.42%	3.81%	6.60%	8.73%	-10.20%	-2.22%	8.33%	8.03%	0.88%

Correlation

The correlation between CRT-UN.TO and ZCB.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018	0.09

The correlation between CRT-UN.TO and ZCB.TO shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CRT-UN.TO vs. ZCB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRT-UN.TO

CRT-UN.TO Risk / Return Rank: 77
CRT-UN.TO Sharpe Ratio Rank: 79
CRT-UN.TO Sortino Ratio Rank: 75
CRT-UN.TO Omega Ratio Rank: 71
CRT-UN.TO Calmar Ratio Rank: 81
CRT-UN.TO Martin Ratio Rank: 82

ZCB.TO

ZCB.TO Risk / Return Rank: 35
ZCB.TO Sharpe Ratio Rank: 34
ZCB.TO Sortino Ratio Rank: 32
ZCB.TO Omega Ratio Rank: 35
ZCB.TO Calmar Ratio Rank: 36
ZCB.TO Martin Ratio Rank: 35

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.

CRT-UN.TO vs. ZCB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CT Real Estate Investment Trust (CRT-UN.TO) and BMO Corporate Bond Index ETF (ZCB.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.

	CRT-UN.TO	ZCB.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.12	+0.17
Sortino ratio: Return per unit of downside risk	1.93	1.56	+0.38
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio: Return relative to maximum drawdown	2.63	1.62	+1.01
Martin ratio: Return relative to average drawdown	6.86	4.80	+2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRT-UN.TO vs. ZCB.TO - Sharpe Ratio Comparison

The current CRT-UN.TO Sharpe Ratio is 1.29, which is comparable to the ZCB.TO Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of CRT-UN.TO and ZCB.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.

Sharpe Ratios by Period

	CRT-UN.TO	ZCB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.12	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.39	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.54	0.00

Drawdowns

CRT-UN.TO vs. ZCB.TO - Drawdown Comparison

The maximum CRT-UN.TO drawdown since its inception was -45.88%, which is greater than ZCB.TO's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for CRT-UN.TO and ZCB.TO.

Drawdown Indicators

	CRT-UN.TO	ZCB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.88%	-15.70%	-30.18%
Max Drawdown (1Y) Largest decline over 1 year	-6.24%	-2.55%	-3.69%
Max Drawdown (3Y) Largest decline over 3 years	-17.38%	-3.27%	-14.11%
Max Drawdown (5Y) Largest decline over 5 years	-24.70%	-14.20%	-10.50%
Max Drawdown (10Y) Largest decline over 10 years	-45.88%	—	—
Current Drawdown Current decline from peak	-0.84%	-0.60%	-0.24%
Average Drawdown Average peak-to-trough decline	-6.26%	-3.70%	-2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	0.86%	+1.52%

Volatility

CRT-UN.TO vs. ZCB.TO - Volatility Comparison

CT Real Estate Investment Trust (CRT-UN.TO) has a higher volatility of 2.78% compared to BMO Corporate Bond Index ETF (ZCB.TO) at 1.41%. This indicates that CRT-UN.TO's price experiences larger fluctuations and is considered to be riskier than ZCB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRT-UN.TO	ZCB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	1.41%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	9.36%	3.01%	+6.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	3.70%	+9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	5.19%	+12.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	5.42%	+14.80%

Dividends

CRT-UN.TO vs. ZCB.TO - Dividend Comparison

CRT-UN.TO's dividend yield for the trailing twelve months is around 5.35%, more than ZCB.TO's 4.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRT-UN.TO CT Real Estate Investment Trust	5.35%	5.77%	6.40%	6.04%	5.48%	4.76%	5.08%	4.71%	6.34%	4.84%	4.54%	5.11%
ZCB.TO BMO Corporate Bond Index ETF	4.05%	4.00%	3.84%	3.89%	3.62%	3.13%	2.97%	3.12%	3.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRT-UN.TO and ZCB.TO in my portfolio?

CRT-UN.TO and ZCB.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.