HAB.TO vs. ZQB.TO
HAB.TO (Global X Active Corporate Bond ETF) and ZQB.TO (BMO High Quality Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, HAB.TO returned 1.98%/yr vs 2.53%/yr for ZQB.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
HAB.TO vs. ZQB.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 ZQB.TO's 1.35% 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%
ZQB.TO
- 1D
- 0.10%
- 1M
- -0.22%
- 6M
- 0.97%
- YTD
- 1.35%
- 1Y
- 4.19%
- 3Y*
- 5.91%
- 5Y*
- 2.53%
- 10Y*
- —
HAB.TO vs. ZQB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 0.81% | 4.13% | 7.98% | 7.30% | -9.51% | -1.26% | 5.49% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.35% | 4.80% | 6.78% | 6.49% | -5.39% | -2.02% | 5.33% |
Correlation
The correlation between HAB.TO and ZQB.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.33 |
The correlation between HAB.TO and ZQB.TO shifts across timeframes, from 0.33 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HAB.TO vs. ZQB.TO — Risk / Return Rank
HAB.TO
ZQB.TO
HAB.TO vs. ZQB.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 High Quality Corporate Bond Index ETF (ZQB.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 | ZQB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.35 | -0.53 |
| Martin ratioReturn relative to average drawdown | 4.78 | 8.27 | -3.49 |
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Drawdowns
HAB.TO vs. ZQB.TO - Drawdown Comparison
The maximum HAB.TO drawdown since its inception was -23.78%, which is greater than ZQB.TO's maximum drawdown of -10.18%. Use the drawdown chart below to compare losses from any high point for HAB.TO and ZQB.TO.
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Drawdown Indicators
| HAB.TO | ZQB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.78% | -10.18% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -1.79% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -1.79% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -9.64% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -23.78% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | -0.45% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.33% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.51% | +0.43% |
Volatility
HAB.TO vs. ZQB.TO - Volatility Comparison
Global X Active Corporate Bond ETF (HAB.TO) has a higher volatility of 1.34% compared to BMO High Quality Corporate Bond Index ETF (ZQB.TO) at 0.69%. This indicates that HAB.TO's price experiences larger fluctuations and is considered to be riskier than ZQB.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 | ZQB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.69% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 1.80% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 2.24% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 3.50% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 4.17% | +3.67% |
Dividends
HAB.TO vs. ZQB.TO - Dividend Comparison
HAB.TO's dividend yield for the trailing twelve months is around 4.12%, more than ZQB.TO's 3.93% 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% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.93% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HAB.TO and ZQB.TO have a correlation of 0.46, 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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