DCBC.TO vs. ZQB.TO
DCBC.TO (Desjardins Canadian Corporate Bond Index ETF) and ZQB.TO (BMO High Quality Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past year, DCBC.TO returned 4.44% vs 4.19% for ZQB.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
DCBC.TO vs. ZQB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCBC.TO achieves a 1.55% return, which is significantly higher than ZQB.TO's 1.35% return.
DCBC.TO
- 1D
- 0.10%
- 1M
- -0.64%
- 6M
- 0.92%
- YTD
- 1.55%
- 1Y
- 4.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZQB.TO
- 1D
- 0.10%
- 1M
- -0.22%
- 6M
- 0.97%
- YTD
- 1.35%
- 1Y
- 4.19%
- 3Y*
- 5.91%
- 5Y*
- 2.53%
- 10Y*
- —
DCBC.TO vs. ZQB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 1.55% | 3.94% | 6.62% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.35% | 4.80% | 6.44% |
Correlation
The correlation between DCBC.TO and ZQB.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.44 |
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Return for Risk
DCBC.TO vs. ZQB.TO — Risk / Return Rank
DCBC.TO
ZQB.TO
DCBC.TO vs. ZQB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) and BMO High Quality Corporate Bond Index ETF (ZQB.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.
| DCBC.TO | ZQB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.35 | -0.61 |
| Martin ratioReturn relative to average drawdown | 5.61 | 8.27 | -2.66 |
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Drawdowns
DCBC.TO vs. ZQB.TO - Drawdown Comparison
The maximum DCBC.TO drawdown since its inception was -3.12%, smaller than the maximum ZQB.TO drawdown of -10.18%. Use the drawdown chart below to compare losses from any high point for DCBC.TO and ZQB.TO.
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Drawdown Indicators
| DCBC.TO | ZQB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.12% | -10.18% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.79% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.64% | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.45% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -2.33% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.51% | +0.28% |
Volatility
DCBC.TO vs. ZQB.TO - Volatility Comparison
Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) has a higher volatility of 1.04% compared to BMO High Quality Corporate Bond Index ETF (ZQB.TO) at 0.69%. This indicates that DCBC.TO's price experiences larger fluctuations and is considered to be riskier than ZQB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCBC.TO | ZQB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.69% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.80% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 2.24% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 3.50% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 4.17% | +0.09% |
Dividends
DCBC.TO vs. ZQB.TO - Dividend Comparison
DCBC.TO's dividend yield for the trailing twelve months is around 3.79%, less than ZQB.TO's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 3.79% | 3.55% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.93% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% |
Frequently Asked Questions
DCBC.TO and ZQB.TO have a correlation of 0.36, 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: Desjardins and BMO.
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