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QTIP.NEO vs. MFT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QTIP.NEO vs. MFT.TO

Last updated Jul 18, 2026
Documentation

QTIP.NEO (Mackenzie US TIPS Index ETF (CAD-Hedged)) and MFT.TO (Mackenzie Floating Rate Income ETF) are both exchange-traded funds - QTIP.NEO is a Inflation-Protected Bonds fund tracking the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index, while MFT.TO is a Corporate Bonds fund actively managed by Mackenzie. QTIP.NEO is passively managed, while MFT.TO is actively managed. Over the past 5 years, QTIP.NEO returned -0.36%/yr vs 3.83%/yr for MFT.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

QTIP.NEO vs. MFT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) and Mackenzie Floating Rate Income ETF (MFT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QTIP.NEO achieves a 0.35% return, which is significantly lower than MFT.TO's 3.12% return.

QTIP.NEO

1D
0.16%
1M
0.15%
6M
0.18%
YTD
0.35%
1Y
1.43%
3Y*
2.36%
5Y*
-0.36%
10Y*
—

MFT.TO

1D
0.38%
1M
0.92%
6M
2.86%
YTD
3.12%
1Y
2.89%
3Y*
5.69%
5Y*
3.83%
10Y*
4.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QTIP.NEO vs. MFT.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)		0.35%4.82%0.82%3.16%-12.98%6.05%9.48%7.49%-0.75%
MFT.TO
Mackenzie Floating Rate Income ETF		3.12%0.81%8.84%11.99%-6.31%5.56%-0.64%6.00%1.49%

Correlation

The correlation between QTIP.NEO and MFT.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.11

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

0.02

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

0.08

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2018

0.03

The correlation between QTIP.NEO and MFT.TO shifts across timeframes, from -0.11 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Mackenzie US TIPS Index ETF (CAD-Hedged)

Mackenzie Floating Rate Income ETF

Often compared with QTIP.NEO:
QTIP.NEO vs. ZTIP.TOQTIP.NEO vs. QDXH.TOQTIP.NEO vs. QDX.TOQTIP.NEO vs. WSHR.NEOQTIP.NEO vs. MGRW.TOQTIP.NEO vs. XSTH.TOQTIP.NEO vs. ZRR.TO
Often compared with MFT.TO:
MFT.TO vs. DXO.TOMFT.TO vs. CFRN.TOMFT.TO vs. FCSB.NEOMFT.TO vs. RBO.TOMFT.TO vs. RQO.TOMFT.TO vs. RQP.TOMFT.TO vs. XIGS.TO

Return for Risk

QTIP.NEO vs. MFT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QTIP.NEO
QTIP.NEO Risk / Return Rank: 1818
Overall Rank
QTIP.NEO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
QTIP.NEO Sortino Ratio Rank: 1515
Sortino Ratio Rank
QTIP.NEO Omega Ratio Rank: 1515
Omega Ratio Rank
QTIP.NEO Calmar Ratio Rank: 2121
Calmar Ratio Rank
QTIP.NEO Martin Ratio Rank: 2020
Martin Ratio Rank
MFT.TO
MFT.TO Risk / Return Rank: 4444
Overall Rank
MFT.TO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
MFT.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
MFT.TO Omega Ratio Rank: 3838
Omega Ratio Rank
MFT.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
MFT.TO Martin Ratio Rank: 4444
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.

QTIP.NEO vs. MFT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) 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.

QTIP.NEOMFT.TODifference
Sharpe ratioReturn per unit of total volatility
0.39
1.13

-0.74

Sortino ratioReturn per unit of downside risk
0.57
1.66

-1.09

Omega ratioGain probability vs. loss probability

1.07

1.20

-0.13

Calmar ratioReturn relative to maximum drawdown

0.71

2.19

-1.48

Martin ratioReturn relative to average drawdown

1.61

5.24

-3.63

QTIP.NEO vs. MFT.TO - Sharpe Ratio Comparison

The current QTIP.NEO Sharpe Ratio is 0.39, which is lower than the MFT.TO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of QTIP.NEO and MFT.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.

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Drawdowns

QTIP.NEO vs. MFT.TO - Drawdown Comparison

The maximum QTIP.NEO drawdown since its inception was -15.31%, smaller than the maximum MFT.TO drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for QTIP.NEO and MFT.TO.

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Drawdown Indicators

QTIP.NEOMFT.TODifference

Max Drawdown

Largest peak-to-trough decline

-15.31%

-20.87%

+5.56%

Max Drawdown (1Y)

Largest decline over 1 year

-2.02%

-1.33%

-0.69%

Max Drawdown (3Y)

Largest decline over 3 years

-4.79%

-3.40%

-1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-15.31%

-7.45%

-7.86%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.87%

—

Current Drawdown

Current decline from peak

-4.89%

0.00%

-4.89%

Average Drawdown

Average peak-to-trough decline

-4.89%

-1.38%

-3.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

0.55%

+0.34%

Volatility

QTIP.NEO vs. MFT.TO - Volatility Comparison

Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) has a higher volatility of 1.01% compared to Mackenzie Floating Rate Income ETF (MFT.TO) at 0.86%. This indicates that QTIP.NEO's price experiences larger fluctuations and is considered to be riskier 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

QTIP.NEOMFT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.01%

0.86%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

2.71%

1.84%

+0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

3.67%

2.60%

+1.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.22%

3.72%

+2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.28%

5.10%

+1.18%

Dividends

QTIP.NEO vs. MFT.TO - Dividend Comparison

QTIP.NEO's dividend yield for the trailing twelve months is around 4.02%, less than MFT.TO's 8.24% yield.

PositionTTM2025202420232022202120202019201820172016
MFT.TO
Mackenzie Floating Rate Income ETF		8.24%8.57%9.44%10.40%6.26%3.89%6.18%6.97%6.14%4.84%3.94%
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)		4.02%4.54%4.53%4.76%9.47%5.24%1.55%2.29%2.91%0.00%0.00%

Frequently Asked Questions

QTIP.NEO and MFT.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QTIP.NEO is categorized as Inflation-Protected Bonds, while MFT.TO is Corporate Bonds.

Portfolio Optimizer

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