HAB.TO vs. ZCB.TO
HAB.TO (Global X Active Corporate Bond ETF) and ZCB.TO (BMO Corporate Bond Index ETF) are both Corporate Bonds funds. HAB.TO is actively managed, while ZCB.TO is passively managed. Over the past 5 years, HAB.TO returned 1.98%/yr vs 1.91%/yr for ZCB.TO. At a 0.50 correlation, their price movements are largely independent.
Performance
HAB.TO vs. ZCB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAB.TO achieves a 0.81% return, which is significantly lower than ZCB.TO's 1.60% return.
HAB.TO
- 1D
- 0.20%
- 1M
- -0.94%
- 6M
- 0.32%
- YTD
- 0.81%
- 1Y
- 4.46%
- 3Y*
- 6.05%
- 5Y*
- 1.98%
- 10Y*
- 2.89%
ZCB.TO
- 1D
- 0.17%
- 1M
- -0.45%
- 6M
- 0.92%
- YTD
- 1.60%
- 1Y
- 4.66%
- 3Y*
- 5.97%
- 5Y*
- 1.91%
- 10Y*
- —
HAB.TO vs. ZCB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 0.81% | 4.13% | 7.98% | 7.30% | -9.51% | -1.26% | 8.46% | 7.77% | 0.31% |
ZCB.TO BMO Corporate Bond Index ETF | 1.60% | 3.81% | 6.60% | 8.73% | -10.20% | -2.22% | 8.33% | 8.03% | 0.90% |
Correlation
The correlation between HAB.TO and ZCB.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018 | 0.50 |
The correlation between HAB.TO and ZCB.TO has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
HAB.TO vs. ZCB.TO — Risk / Return Rank
HAB.TO
ZCB.TO
HAB.TO vs. ZCB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Corporate Bond ETF (HAB.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.
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.
| HAB.TO | ZCB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.83 | -0.01 |
| Martin ratioReturn relative to average drawdown | 4.78 | 5.62 | -0.84 |
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Drawdowns
HAB.TO vs. ZCB.TO - Drawdown Comparison
The maximum HAB.TO drawdown since its inception was -23.78%, 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 HAB.TO and ZCB.TO.
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Drawdown Indicators
| HAB.TO | ZCB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.78% | -15.70% | -8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.55% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -3.14% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -14.20% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -23.78% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | -0.72% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -3.65% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.83% | +0.11% |
Volatility
HAB.TO vs. ZCB.TO - Volatility Comparison
Global X Active Corporate Bond ETF (HAB.TO) has a higher volatility of 1.34% compared to BMO Corporate Bond Index ETF (ZCB.TO) at 0.93%. This indicates that HAB.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.
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Volatility by Period
| HAB.TO | ZCB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.93% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.94% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 3.71% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 5.20% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 5.40% | +2.44% |
Dividends
HAB.TO vs. ZCB.TO - Dividend Comparison
HAB.TO's dividend yield for the trailing twelve months is around 4.12%, which matches ZCB.TO's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 4.12% | 4.05% | 3.70% | 3.95% | 3.96% | 2.92% | 2.95% | 2.99% | 3.23% | 3.21% | 3.39% | 3.35% |
ZCB.TO BMO Corporate Bond Index ETF | 4.14% | 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
HAB.TO and ZCB.TO have a correlation of 0.53, 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: Global X and BMO.
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