ESGF.TO vs. ZIC.TO
ESGF.TO (BMO ESG US Corporate Bond Hedged to CAD Index ETF) and ZIC.TO (BMO Mid-Term US Investment Grade Corporate Bond Index ETF) are both Corporate Bonds funds from BMO. Over the past 5 years, ESGF.TO returned -1.70%/yr vs 3.76%/yr for ZIC.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
ESGF.TO vs. ZIC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGF.TO achieves a -0.04% return, which is significantly lower than ZIC.TO's 4.15% return.
ESGF.TO
- 1D
- -1.34%
- 1M
- 0.25%
- YTD
- -0.04%
- 6M
- -0.33%
- 1Y
- 2.57%
- 3Y*
- 2.73%
- 5Y*
- -1.70%
- 10Y*
- —
ZIC.TO
- 1D
- -0.21%
- 1M
- 3.45%
- YTD
- 4.15%
- 6M
- 4.21%
- 1Y
- 8.94%
- 3Y*
- 8.73%
- 5Y*
- 3.76%
- 10Y*
- 3.65%
ESGF.TO vs. ZIC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | -0.04% | 5.25% | -2.92% | 7.28% | -15.76% | -3.12% | 9.56% |
ZIC.TO BMO Mid-Term US Investment Grade Corporate Bond Index ETF | 4.15% | 4.46% | 11.87% | 6.34% | -8.92% | -1.35% | 5.17% |
Correlation
The correlation between ESGF.TO and ZIC.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 | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.16 |
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Return for Risk
ESGF.TO vs. ZIC.TO — Risk / Return Rank
ESGF.TO
ZIC.TO
ESGF.TO vs. ZIC.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 BMO Mid-Term US Investment Grade Corporate Bond Index ETF (ZIC.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 | ZIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.21 | -1.33 |
| Martin ratioReturn relative to average drawdown | 2.00 | 4.82 | -2.82 |
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Drawdowns
ESGF.TO vs. ZIC.TO - Drawdown Comparison
The maximum ESGF.TO drawdown since its inception was -23.55%, which is greater than ZIC.TO's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for ESGF.TO and ZIC.TO.
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Drawdown Indicators
| ESGF.TO | ZIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.55% | -19.48% | -4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -4.06% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -6.96% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -15.65% | -7.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.48% | — |
Current DrawdownCurrent decline from peak | -10.58% | -0.21% | -10.37% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -5.11% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.86% | -0.57% |
Volatility
ESGF.TO vs. ZIC.TO - Volatility Comparison
BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) has a higher volatility of 2.12% compared to BMO Mid-Term US Investment Grade Corporate Bond Index ETF (ZIC.TO) at 1.42%. This indicates that ESGF.TO's price experiences larger fluctuations and is considered to be riskier than ZIC.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 | ZIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 1.42% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 4.24% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 5.47% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 7.95% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 8.87% | +6.86% |
Dividends
ESGF.TO vs. ZIC.TO - Dividend Comparison
ESGF.TO's dividend yield for the trailing twelve months is around 4.39%, more than ZIC.TO's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | 4.39% | 4.14% | 4.08% | 4.06% | 3.77% | 2.93% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZIC.TO BMO Mid-Term US Investment Grade Corporate Bond Index ETF | 4.26% | 4.03% | 3.80% | 3.85% | 3.94% | 3.53% | 3.46% | 3.57% | 3.46% | 3.33% | 3.29% | 3.12% |
Frequently Asked Questions
ESGF.TO and ZIC.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.
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