PSB.TO vs. MFT.TO
PSB.TO (Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF) and MFT.TO (Mackenzie Floating Rate Income ETF) are both Corporate Bonds funds. PSB.TO is passively managed, while MFT.TO is actively managed. Over the past 10 years, PSB.TO returned 2.71%/yr vs 4.43%/yr for MFT.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
PSB.TO vs. MFT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PSB.TO achieves a 1.60% return, which is significantly lower than MFT.TO's 2.72% return. Over the past 10 years, PSB.TO has underperformed MFT.TO with an annualized return of 2.71%, while MFT.TO has yielded a comparatively higher 4.43% annualized return.
PSB.TO
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- 1.04%
- YTD
- 1.60%
- 1Y
- 4.17%
- 3Y*
- 6.10%
- 5Y*
- 2.95%
- 10Y*
- 2.71%
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%
PSB.TO vs. MFT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 1.60% | 4.68% | 7.08% | 6.44% | -3.89% | -0.97% | 6.08% | 4.25% | 1.59% | 0.23% |
MFT.TO Mackenzie Floating Rate Income ETF | 2.72% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% | 6.00% | 2.29% | 5.89% |
Correlation
The correlation between PSB.TO and MFT.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.05 |
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Return for Risk
PSB.TO vs. MFT.TO — Risk / Return Rank
PSB.TO
MFT.TO
PSB.TO vs. MFT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) and Mackenzie Floating Rate Income ETF (MFT.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.
| PSB.TO | MFT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.17 | +0.86 |
| Martin ratioReturn relative to average drawdown | 9.25 | 5.19 | +4.06 |
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Drawdowns
PSB.TO vs. MFT.TO - Drawdown Comparison
The maximum PSB.TO drawdown since its inception was -13.24%, smaller than the maximum MFT.TO drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for PSB.TO and MFT.TO.
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Drawdown Indicators
| PSB.TO | MFT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.24% | -20.87% | +7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -1.33% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -1.89% | -3.40% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -7.93% | -7.45% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -13.24% | -20.87% | +7.63% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -1.38% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.55% | -0.10% |
Volatility
PSB.TO vs. MFT.TO - Volatility Comparison
The current volatility for Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) is 0.67%, while Mackenzie Floating Rate Income ETF (MFT.TO) has a volatility of 0.79%. This indicates that PSB.TO experiences smaller price fluctuations and is considered to be less risky than MFT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSB.TO | MFT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.79% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 1.80% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 2.58% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 3.71% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 5.10% | -0.25% |
Dividends
PSB.TO vs. MFT.TO - Dividend Comparison
PSB.TO's dividend yield for the trailing twelve months is around 3.20%, less than MFT.TO's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 3.20% | 3.18% | 3.12% | 3.09% | 3.13% | 2.91% | 2.74% | 3.00% | 3.37% | 3.61% | 4.01% | 4.04% |
Frequently Asked Questions
PSB.TO and MFT.TO have a correlation of -0.01, 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: Invesco and Mackenzie.
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