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HAB.TO vs. ZIC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HAB.TO vs. ZIC.TO

Last updated Jul 16, 2026
Documentation

HAB.TO (Global X Active Corporate Bond ETF) and ZIC.TO (BMO Mid-Term US Investment Grade Corporate Bond Index ETF) are both Corporate Bonds funds. HAB.TO is actively managed, while ZIC.TO is passively managed. Over the past 10 years, HAB.TO returned 2.89%/yr vs 3.45%/yr for ZIC.TO. At a 0.31 correlation, their price movements are largely independent.

Performance

HAB.TO vs. ZIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Active Corporate Bond ETF (HAB.TO) and BMO Mid-Term US Investment Grade Corporate Bond Index ETF (ZIC.TO). The values are adjusted to include any dividend payments, if applicable.

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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 ZIC.TO's 2.05% return. Over the past 10 years, HAB.TO has underperformed ZIC.TO with an annualized return of 2.89%, while ZIC.TO has yielded a comparatively higher 3.45% annualized 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%

ZIC.TO

1D
0.05%
1M
0.05%
6M
0.74%
YTD
2.05%
1Y
7.22%
3Y*
7.91%
5Y*
2.89%
10Y*
3.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HAB.TO vs. ZIC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HAB.TO
Global X Active Corporate Bond ETF		0.81%4.13%7.98%7.30%-9.51%-1.26%8.46%7.77%0.46%4.11%
ZIC.TO
BMO Mid-Term US Investment Grade Corporate Bond Index ETF		2.05%4.46%11.87%6.34%-8.92%-1.35%6.52%9.04%6.41%-1.25%

Correlation

The correlation between HAB.TO and ZIC.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2013

0.31

The correlation between HAB.TO and ZIC.TO shifts across timeframes, from 0.24 (1 year) to 0.37 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Global X Active Corporate Bond ETF

BMO Mid-Term US Investment Grade Corporate Bond Index ETF

Often compared with ZIC.TO:
ZIC.TO vs. ZBBB.TOZIC.TO vs. XIGS.TOZIC.TO vs. VCB.TOZIC.TO vs. XHB.TOZIC.TO vs. ZCM.TOZIC.TO vs. XCB.TOZIC.TO vs. DCBC.TO

Return for Risk

HAB.TO vs. ZIC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAB.TO
HAB.TO Risk / Return Rank: 3434
Overall Rank
HAB.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
HAB.TO Sortino Ratio Rank: 3232
Sortino Ratio Rank
HAB.TO Omega Ratio Rank: 2828
Omega Ratio Rank
HAB.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
HAB.TO Martin Ratio Rank: 3737
Martin Ratio Rank
ZIC.TO
ZIC.TO Risk / Return Rank: 4141
Overall Rank
ZIC.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
ZIC.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
ZIC.TO Omega Ratio Rank: 4444
Omega Ratio Rank
ZIC.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
ZIC.TO Martin Ratio Rank: 3131
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HAB.TO vs. ZIC.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 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.

HAB.TOZIC.TODifference
Sharpe ratioReturn per unit of total volatility
0.99
1.31

-0.32

Sortino ratioReturn per unit of downside risk
1.47
1.93

-0.46

Omega ratioGain probability vs. loss probability

1.17

1.24

-0.07

Calmar ratioReturn relative to maximum drawdown

1.82

1.78

+0.04

Martin ratioReturn relative to average drawdown

4.78

3.85

+0.93

HAB.TO vs. ZIC.TO - Sharpe Ratio Comparison

The current HAB.TO Sharpe Ratio is 0.99, which is comparable to the ZIC.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of HAB.TO and ZIC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HAB.TO vs. ZIC.TO - Drawdown Comparison

The maximum HAB.TO drawdown since its inception was -23.78%, 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 HAB.TO and ZIC.TO.

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Drawdown Indicators

HAB.TOZIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.78%

-19.48%

-4.30%

Max Drawdown (1Y)

Largest decline over 1 year

-2.46%

-4.06%

+1.60%

Max Drawdown (3Y)

Largest decline over 3 years

-3.28%

-6.96%

+3.68%

Max Drawdown (5Y)

Largest decline over 5 years

-14.20%

-15.65%

+1.45%

Max Drawdown (10Y)

Largest decline over 10 years

-23.78%

-19.48%

-4.30%

Current Drawdown

Current decline from peak

-1.32%

-2.22%

+0.90%

Average Drawdown

Average peak-to-trough decline

-2.58%

-5.10%

+2.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.94%

1.88%

-0.94%

Volatility

HAB.TO vs. ZIC.TO - Volatility Comparison

The current volatility for Global X Active Corporate Bond ETF (HAB.TO) is 1.34%, while BMO Mid-Term US Investment Grade Corporate Bond Index ETF (ZIC.TO) has a volatility of 1.67%. This indicates that HAB.TO experiences smaller price fluctuations and is considered to be less risky 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

HAB.TOZIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.34%

1.67%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

3.29%

4.33%

-1.04%

Volatility (1Y)

Calculated over the trailing 1-year period

4.53%

5.53%

-1.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.49%

7.92%

-1.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.84%

8.85%

-1.01%

Dividends

HAB.TO vs. ZIC.TO - Dividend Comparison

HAB.TO's dividend yield for the trailing twelve months is around 4.12%, less than ZIC.TO's 4.35% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ZIC.TO
BMO Mid-Term US Investment Grade Corporate Bond Index ETF		4.35%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

HAB.TO and ZIC.TO have a correlation of 0.24, 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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