FTS.TO vs. ZST.TO
FTS.TO (Fortis Inc.) is a stock, while ZST.TO (BMO Ultra Short-Term Bond ETF) is Canadian Government Bonds fund actively managed by BMO. Over the past 10 years, FTS.TO returned 10.80%/yr vs 2.38%/yr for ZST.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
FTS.TO vs. ZST.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FTS.TO achieves a 13.43% return, which is significantly higher than ZST.TO's 1.16% return. Over the past 10 years, FTS.TO has outperformed ZST.TO with an annualized return of 10.80%, while ZST.TO has yielded a comparatively lower 2.38% annualized return.
FTS.TO
- 1D
- 0.99%
- 1M
- 5.79%
- YTD
- 13.43%
- 6M
- 15.37%
- 1Y
- 25.87%
- 3Y*
- 16.29%
- 5Y*
- 11.27%
- 10Y*
- 10.80%
ZST.TO
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.16%
- 6M
- 0.31%
- 1Y
- 1.72%
- 3Y*
- 3.89%
- 5Y*
- 3.00%
- 10Y*
- 2.38%
FTS.TO vs. ZST.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTS.TO Fortis Inc. | 13.43% | 23.93% | 14.24% | 4.76% | -7.87% | 21.81% | 0.04% | 22.71% | 2.74% | 15.29% |
ZST.TO BMO Ultra Short-Term Bond ETF | 1.16% | 2.06% | 5.21% | 5.38% | 1.22% | 0.24% | 1.77% | 2.39% | 1.99% | 1.47% |
Correlation
The correlation between FTS.TO and ZST.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2011 | 0.07 |
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Return for Risk
FTS.TO vs. ZST.TO — Risk / Return Rank
FTS.TO
ZST.TO
FTS.TO vs. ZST.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortis Inc. (FTS.TO) and BMO Ultra Short-Term Bond ETF (ZST.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.
| FTS.TO | ZST.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.85 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.72 | +2.61 |
| Martin ratioReturn relative to average drawdown | 10.47 | 4.62 | +5.85 |
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Drawdowns
FTS.TO vs. ZST.TO - Drawdown Comparison
The maximum FTS.TO drawdown since its inception was -28.27%, which is greater than ZST.TO's maximum drawdown of -3.60%. Use the drawdown chart below to compare losses from any high point for FTS.TO and ZST.TO.
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Drawdown Indicators
| FTS.TO | ZST.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.27% | -3.60% | -24.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -1.01% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -1.01% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.01% | -1.01% | -23.00% |
Max Drawdown (10Y)Largest decline over 10 years | -28.27% | -1.06% | -27.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -0.58% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 0.37% | +2.14% |
Volatility
FTS.TO vs. ZST.TO - Volatility Comparison
Fortis Inc. (FTS.TO) has a higher volatility of 4.96% compared to BMO Ultra Short-Term Bond ETF (ZST.TO) at 0.08%. This indicates that FTS.TO's price experiences larger fluctuations and is considered to be riskier than ZST.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTS.TO | ZST.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 0.08% | +4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 1.05% | +9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 1.08% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.45% | 0.72% | +13.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 0.71% | +16.15% |
Dividends
FTS.TO vs. ZST.TO - Dividend Comparison
FTS.TO's dividend yield for the trailing twelve months is around 3.18%, more than ZST.TO's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTS.TO Fortis Inc. | 3.18% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
ZST.TO BMO Ultra Short-Term Bond ETF | 2.56% | 2.85% | 4.70% | 4.84% | 2.78% | 2.31% | 2.68% | 2.84% | 3.47% | 4.09% | 3.96% | 3.94% |
Frequently Asked Questions
FTS.TO and ZST.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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