QBR-B.TO vs. ZEB.TO

Last updated Jun 5, 2026

QBR-B.TO (Quebecor Inc) is a stock, while ZEB.TO (BMO Equal Weight Banks Index ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. Over the past 10 years, QBR-B.TO returned 16.67%/yr vs 15.96%/yr for ZEB.TO. At a 0.20 correlation, their price movements are largely independent.

Performance

QBR-B.TO vs. ZEB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Quebecor Inc (QBR-B.TO) and BMO Equal Weight Banks Index ETF (ZEB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBR-B.TO achieves a 33.22% return, which is significantly higher than ZEB.TO's 21.18% return. Both investments have delivered pretty close results over the past 10 years, with QBR-B.TO having a 16.67% annualized return and ZEB.TO not far behind at 15.96%.

QBR-B.TO

• 1D: -3.06%
• 1M: 22.68%
• YTD: 33.22%
• 6M: 34.60%
• 1Y: 76.77%
• 3Y*: 32.99%
• 5Y*: 19.88%
• 10Y*: 16.67%

ZEB.TO

• 1D: 1.64%
• 1M: 6.82%
• YTD: 21.18%
• 6M: 24.38%
• 1Y: 63.15%
• 3Y*: 34.10%
• 5Y*: 18.56%
• 10Y*: 15.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QBR-B.TO vs. ZEB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QBR-B.TO Quebecor Inc	33.22%	69.85%	4.16%	8.44%	10.30%	-9.74%	1.42%	16.75%	22.17%	27.61%
ZEB.TO BMO Equal Weight Banks Index ETF	21.18%	43.43%	24.58%	10.87%	-10.38%	39.38%	3.52%	16.06%	-8.85%	14.26%

Correlation

The correlation between QBR-B.TO and ZEB.TO is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 27, 2009	0.20

The correlation between QBR-B.TO and ZEB.TO shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QBR-B.TO vs. ZEB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBR-B.TO

QBR-B.TO Risk / Return Rank: 95
QBR-B.TO Sharpe Ratio Rank: 95
QBR-B.TO Sortino Ratio Rank: 95
QBR-B.TO Omega Ratio Rank: 94
QBR-B.TO Calmar Ratio Rank: 94
QBR-B.TO Martin Ratio Rank: 96

ZEB.TO

ZEB.TO Risk / Return Rank: 96
ZEB.TO Sharpe Ratio Rank: 97
ZEB.TO Sortino Ratio Rank: 98
ZEB.TO Omega Ratio Rank: 97
ZEB.TO Calmar Ratio Rank: 94
ZEB.TO Martin Ratio Rank: 95

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.

QBR-B.TO vs. ZEB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quebecor Inc (QBR-B.TO) and BMO Equal Weight Banks Index ETF (ZEB.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.

	QBR-B.TO	ZEB.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.21	5.00	-1.78
Sortino ratio: Return per unit of downside risk	4.19	6.79	-2.60
Omega ratio: Gain probability vs. loss probability	1.55	1.94	-0.39
Calmar ratio: Return relative to maximum drawdown	6.61	7.52	-0.91
Martin ratio: Return relative to average drawdown	21.68	32.34	-10.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBR-B.TO vs. ZEB.TO - Sharpe Ratio Comparison

The current QBR-B.TO Sharpe Ratio is 3.21, which is lower than the ZEB.TO Sharpe Ratio of 5.00. The chart below compares the historical Sharpe Ratios of QBR-B.TO and ZEB.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.

Sharpe Ratios by Period

	QBR-B.TO	ZEB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	5.00	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	1.38	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.95	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	0.89	-1.52

Drawdowns

QBR-B.TO vs. ZEB.TO - Drawdown Comparison

The maximum QBR-B.TO drawdown since its inception was -100.00%, which is greater than ZEB.TO's maximum drawdown of -39.69%. Use the drawdown chart below to compare losses from any high point for QBR-B.TO and ZEB.TO.

Drawdown Indicators

	QBR-B.TO	ZEB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-39.69%	-60.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.67%	-8.44%	-3.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.43%	-14.80%	-3.63%
Max Drawdown (5Y) Largest decline over 5 years	-25.07%	-25.97%	+0.90%
Max Drawdown (10Y) Largest decline over 10 years	-30.06%	-39.69%	+9.63%
Current Drawdown Current decline from peak	-99.96%	-0.39%	-99.57%
Average Drawdown Average peak-to-trough decline	-84.49%	-5.65%	-78.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	1.96%	+1.59%

Volatility

QBR-B.TO vs. ZEB.TO - Volatility Comparison

Quebecor Inc (QBR-B.TO) has a higher volatility of 10.26% compared to BMO Equal Weight Banks Index ETF (ZEB.TO) at 5.08%. This indicates that QBR-B.TO's price experiences larger fluctuations and is considered to be riskier than ZEB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBR-B.TO	ZEB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.26%	5.08%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	18.01%	11.16%	+6.85%
Volatility (1Y) Calculated over the trailing 1-year period	24.02%	12.71%	+11.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	13.53%	+7.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.90%	16.91%	+3.99%

Dividends

QBR-B.TO vs. ZEB.TO - Dividend Comparison

QBR-B.TO's dividend yield for the trailing twelve months is around 2.21%, less than ZEB.TO's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QBR-B.TO Quebecor Inc	2.21%	2.71%	4.13%	3.81%	3.97%	3.85%	2.44%	1.19%	0.67%	0.45%	0.46%	0.38%
ZEB.TO BMO Equal Weight Banks Index ETF	2.49%	2.95%	3.98%	4.75%	4.29%	3.13%	4.15%	3.65%	3.64%	3.02%	3.19%	3.70%

Frequently Asked Questions

Can I hold both QBR-B.TO and ZEB.TO in my portfolio?

QBR-B.TO and ZEB.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.