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HTB.TO vs. ZTL.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HTB.TO vs. ZTL.NEO

Last updated Jul 16, 2026
Documentation

HTB.TO (Global X US 7-10 Year Treasury Bond Index Corporate Class ETF) and ZTL.NEO (BMO Long-Term US Treasury Bond Index ETF) are both Government Bonds funds. HTB.TO is actively managed, while ZTL.NEO is passively managed. Over the past 5 years, HTB.TO returned 0.54%/yr vs -5.65%/yr for ZTL.NEO. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

HTB.TO vs. ZTL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) and BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HTB.TO achieves a 1.68% return, which is significantly higher than ZTL.NEO's 1.11% return.

HTB.TO

1D
0.08%
1M
0.03%
6M
0.05%
YTD
1.68%
1Y
6.05%
3Y*
4.68%
5Y*
0.54%
10Y*
1.13%

ZTL.NEO

1D
-1.00%
1M
-1.10%
6M
-1.25%
YTD
1.11%
1Y
6.26%
3Y*
0.10%
5Y*
-5.65%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HTB.TO vs. ZTL.NEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HTB.TO
Global X US 7-10 Year Treasury Bond Index Corporate Class ETF		1.68%2.71%8.07%0.76%-9.56%-3.43%7.87%2.75%9.52%-1.50%
ZTL.NEO
BMO Long-Term US Treasury Bond Index ETF		1.11%-0.43%-0.21%0.46%-26.25%-5.72%14.95%8.69%6.67%2.82%

Correlation

The correlation between HTB.TO and ZTL.NEO is 0.61, 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

0.61

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

0.75

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

0.71

Correlation (All Time)
Calculated using the full available price history since Feb 21, 2017

0.66

The correlation between HTB.TO and ZTL.NEO shifts across timeframes, from 0.61 (1 year) to 0.75 (3 years), reflecting how their relationship changes across market environments.

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Global X US 7-10 Year Treasury Bond Index Corporate Class ETF

BMO Long-Term US Treasury Bond Index ETF

Often compared with ZTL.NEO:
ZTL.NEO vs. HPYT.TOZTL.NEO vs. XTLH.TOZTL.NEO vs. HPYM.TOZTL.NEO vs. XTLT.TOZTL.NEO vs. HBND.TOZTL.NEO vs. IWMZTL.NEO vs. ZUQ.TO

Return for Risk

HTB.TO vs. ZTL.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HTB.TO
HTB.TO Risk / Return Rank: 2929
Overall Rank
HTB.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
HTB.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
HTB.TO Omega Ratio Rank: 3131
Omega Ratio Rank
HTB.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
HTB.TO Martin Ratio Rank: 2323
Martin Ratio Rank
ZTL.NEO
ZTL.NEO Risk / Return Rank: 2020
Overall Rank
ZTL.NEO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
ZTL.NEO Sortino Ratio Rank: 2121
Sortino Ratio Rank
ZTL.NEO Omega Ratio Rank: 2121
Omega Ratio Rank
ZTL.NEO Calmar Ratio Rank: 1919
Calmar Ratio Rank
ZTL.NEO Martin Ratio Rank: 1818
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.

HTB.TO vs. ZTL.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) and BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO). 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.

HTB.TOZTL.NEODifference
Sharpe ratioReturn per unit of total volatility
1.00
0.65

+0.35

Sortino ratioReturn per unit of downside risk
1.46
1.03

+0.43

Omega ratioGain probability vs. loss probability

1.18

1.12

+0.06

Calmar ratioReturn relative to maximum drawdown

1.13

0.70

+0.43

Martin ratioReturn relative to average drawdown

2.34

1.50

+0.84

HTB.TO vs. ZTL.NEO - Sharpe Ratio Comparison

The current HTB.TO Sharpe Ratio is 1.00, which is higher than the ZTL.NEO Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of HTB.TO and ZTL.NEO, 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

HTB.TO vs. ZTL.NEO - Drawdown Comparison

The maximum HTB.TO drawdown since its inception was -26.11%, smaller than the maximum ZTL.NEO drawdown of -49.55%. Use the drawdown chart below to compare losses from any high point for HTB.TO and ZTL.NEO.

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Drawdown Indicators

HTB.TOZTL.NEODifference

Max Drawdown

Largest peak-to-trough decline

-26.11%

-49.55%

+23.44%

Max Drawdown (1Y)

Largest decline over 1 year

-5.39%

-9.01%

+3.62%

Max Drawdown (3Y)

Largest decline over 3 years

-7.11%

-15.31%

+8.20%

Max Drawdown (5Y)

Largest decline over 5 years

-15.89%

-39.89%

+24.00%

Max Drawdown (10Y)

Largest decline over 10 years

-26.11%

—

—

Current Drawdown

Current decline from peak

-11.91%

-40.93%

+29.02%

Average Drawdown

Average peak-to-trough decline

-12.51%

-23.93%

+11.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

4.19%

-1.60%

Volatility

HTB.TO vs. ZTL.NEO - Volatility Comparison

The current volatility for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) is 2.00%, while BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) has a volatility of 3.42%. This indicates that HTB.TO experiences smaller price fluctuations and is considered to be less risky than ZTL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HTB.TOZTL.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.00%

3.42%

-1.42%

Volatility (6M)

Calculated over the trailing 6-month period

4.50%

7.09%

-2.59%

Volatility (1Y)

Calculated over the trailing 1-year period

6.08%

9.69%

-3.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.35%

16.08%

-6.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.38%

15.77%

-6.39%

Dividends

HTB.TO vs. ZTL.NEO - Dividend Comparison

HTB.TO has not paid dividends to shareholders, while ZTL.NEO's dividend yield for the trailing twelve months is around 3.19%.

PositionTTM202520242023202220212020201920182017
HTB.TO
Global X US 7-10 Year Treasury Bond Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZTL.NEO
BMO Long-Term US Treasury Bond Index ETF		3.19%3.15%3.07%3.55%3.44%2.46%2.26%2.55%2.75%2.82%

Frequently Asked Questions

HTB.TO and ZTL.NEO have a correlation of 0.61, 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.

Portfolio Optimizer

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