MFT.TO vs. ZBBB.TO
MFT.TO (Mackenzie Floating Rate Income ETF) and ZBBB.TO (BMO BBB Corporate Bond Index ETF) are both Corporate Bonds funds. MFT.TO is actively managed, while ZBBB.TO is passively managed. Over the past 5 years, MFT.TO returned 3.75%/yr vs 3.08%/yr for ZBBB.TO. At a 0.00 correlation, their price movements are largely independent.
Performance
MFT.TO vs. ZBBB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MFT.TO achieves a 2.72% return, which is significantly higher than ZBBB.TO's 1.74% return.
MFT.TO
- 1D
- 0.19%
- 1M
- 0.67%
- 6M
- 2.46%
- YTD
- 2.72%
- 1Y
- 2.87%
- 3Y*
- 5.42%
- 5Y*
- 3.75%
- 10Y*
- 4.43%
ZBBB.TO
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.15%
- YTD
- 1.74%
- 1Y
- 5.13%
- 3Y*
- 6.94%
- 5Y*
- 3.08%
- 10Y*
- —
MFT.TO vs. ZBBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 2.72% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% |
ZBBB.TO BMO BBB Corporate Bond Index ETF | 1.74% | 4.83% | 8.00% | 5.61% | -4.43% | -1.12% | 6.72% |
Correlation
The correlation between MFT.TO and ZBBB.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.00 |
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Return for Risk
MFT.TO vs. ZBBB.TO — Risk / Return Rank
MFT.TO
ZBBB.TO
MFT.TO vs. ZBBB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Floating Rate Income ETF (MFT.TO) and BMO BBB Corporate Bond Index ETF (ZBBB.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.
| MFT.TO | ZBBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.40 | -0.23 |
| Martin ratioReturn relative to average drawdown | 5.19 | 6.77 | -1.58 |
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Drawdowns
MFT.TO vs. ZBBB.TO - Drawdown Comparison
The maximum MFT.TO drawdown since its inception was -20.87%, which is greater than ZBBB.TO's maximum drawdown of -11.55%. Use the drawdown chart below to compare losses from any high point for MFT.TO and ZBBB.TO.
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Drawdown Indicators
| MFT.TO | ZBBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -11.55% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -1.97% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -1.97% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -7.45% | -11.23% | +3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -2.65% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.70% | -0.15% |
Volatility
MFT.TO vs. ZBBB.TO - Volatility Comparison
Mackenzie Floating Rate Income ETF (MFT.TO) has a higher volatility of 0.79% compared to BMO BBB Corporate Bond Index ETF (ZBBB.TO) at 0.66%. This indicates that MFT.TO's price experiences larger fluctuations and is considered to be riskier than ZBBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFT.TO | ZBBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.66% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 1.98% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 3.13% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 4.51% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 5.84% | -0.74% |
Dividends
MFT.TO vs. ZBBB.TO - Dividend Comparison
MFT.TO's dividend yield for the trailing twelve months is around 8.28%, more than ZBBB.TO's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 8.28% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% |
ZBBB.TO BMO BBB Corporate Bond Index ETF | 3.18% | 4.11% | 3.72% | 3.47% | 4.42% | 3.23% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MFT.TO and ZBBB.TO have a correlation of -0.03, 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: Mackenzie and BMO.
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