ESGF.TO vs. MFT.TO
ESGF.TO (BMO ESG US Corporate Bond Hedged to CAD Index ETF) and MFT.TO (Mackenzie Floating Rate Income ETF) are both Corporate Bonds funds. Over the past 5 years, ESGF.TO returned -1.73%/yr vs 3.75%/yr for MFT.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
ESGF.TO vs. MFT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGF.TO achieves a -0.85% return, which is significantly lower than MFT.TO's 2.72% return.
ESGF.TO
- 1D
- 0.00%
- 1M
- -0.68%
- 6M
- -1.38%
- YTD
- -0.85%
- 1Y
- 2.64%
- 3Y*
- 2.01%
- 5Y*
- -1.73%
- 10Y*
- —
MFT.TO
- 1D
- 0.19%
- 1M
- 0.67%
- 6M
- 2.46%
- YTD
- 2.72%
- 1Y
- 2.87%
- 3Y*
- 5.42%
- 5Y*
- 3.75%
- 10Y*
- 4.43%
ESGF.TO vs. MFT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | -0.85% | 5.25% | -2.92% | 7.28% | -15.76% | -3.12% | 9.56% |
MFT.TO Mackenzie Floating Rate Income ETF | 2.72% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.89% |
Correlation
The correlation between ESGF.TO and MFT.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.05 |
The correlation between ESGF.TO and MFT.TO shifts across timeframes, from -0.12 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESGF.TO vs. MFT.TO — Risk / Return Rank
ESGF.TO
MFT.TO
ESGF.TO vs. MFT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) and Mackenzie Floating Rate Income ETF (MFT.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.
| ESGF.TO | MFT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.17 | -1.27 |
| Martin ratioReturn relative to average drawdown | 1.96 | 5.19 | -3.24 |
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Drawdowns
ESGF.TO vs. MFT.TO - Drawdown Comparison
The maximum ESGF.TO drawdown since its inception was -23.55%, which is greater than MFT.TO's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for ESGF.TO and MFT.TO.
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Drawdown Indicators
| ESGF.TO | MFT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.55% | -20.87% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -1.33% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -3.40% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -7.45% | -15.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.87% | — |
Current DrawdownCurrent decline from peak | -11.30% | 0.00% | -11.30% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -1.38% | -9.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.55% | +0.80% |
Volatility
ESGF.TO vs. MFT.TO - Volatility Comparison
BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) has a higher volatility of 2.12% compared to Mackenzie Floating Rate Income ETF (MFT.TO) at 0.79%. This indicates that ESGF.TO's price experiences larger fluctuations and is considered to be riskier than MFT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGF.TO | MFT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.79% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 1.80% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 2.58% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 3.71% | +11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 5.10% | +10.58% |
Dividends
ESGF.TO vs. MFT.TO - Dividend Comparison
ESGF.TO's dividend yield for the trailing twelve months is around 4.42%, less than MFT.TO's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | 4.42% | 4.14% | 4.08% | 4.06% | 3.77% | 2.93% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% |
MFT.TO Mackenzie Floating Rate Income ETF | 8.28% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% |
Frequently Asked Questions
ESGF.TO and MFT.TO have a correlation of -0.12, 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: BMO and Mackenzie.
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