RATE.TO vs. ESGB.TO
RATE.TO (Arrow EC Income Advantage Alternative Fund) and ESGB.TO (BMO ESG Corporate Bond Index ETF) are both exchange-traded funds - RATE.TO is a Investment Grade Bonds fund actively managed by Arrow Capital Management Inc., while ESGB.TO is a Corporate Bonds fund tracking the Bloomberg MSCI Canadian Corporate Sustainability SRI Index. RATE.TO is actively managed, while ESGB.TO is passively managed. Over the past 5 years, RATE.TO returned 4.83%/yr vs 1.75%/yr for ESGB.TO. Their -0.00 correlation means they have often moved in opposite directions in the past. RATE.TO charges 2.01%/yr vs 0.17%/yr for ESGB.TO.
Performance
RATE.TO vs. ESGB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RATE.TO achieves a 1.38% return, which is significantly higher than ESGB.TO's 0.83% return.
RATE.TO
- 1D
- -0.19%
- 1M
- 0.00%
- 6M
- 1.13%
- YTD
- 1.38%
- 1Y
- 2.80%
- 3Y*
- 5.22%
- 5Y*
- 4.83%
- 10Y*
- —
- ALL TIME*
- 4.08%
ESGB.TO
- 1D
- -0.11%
- 1M
- -0.86%
- 6M
- 0.01%
- YTD
- 0.83%
- 1Y
- 2.83%
- 3Y*
- 6.10%
- 5Y*
- 1.75%
- 10Y*
- —
- ALL TIME*
- 2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$38.14K | CA$45.83K | CA$56.72K | |
| CA$63.23K | CA$64.17K | CA$66.35K |
RATE.TO vs. ESGB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RATE.TO Arrow EC Income Advantage Alternative Fund | 1.38% | 4.60% | 5.59% | 10.12% | 2.34% | 2.46% | 3.34% |
ESGB.TO BMO ESG Corporate Bond Index ETF | 0.83% | 4.18% | 6.92% | 7.89% | -9.31% | -2.24% | 6.85% |
Correlation
The correlation between RATE.TO and ESGB.TO is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2020 | -0.00 |
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Return for Risk
RATE.TO vs. ESGB.TO — Risk / Return Rank
RATE.TO
ESGB.TO
RATE.TO vs. ESGB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow EC Income Advantage Alternative Fund (RATE.TO) and BMO ESG Corporate Bond Index ETF (ESGB.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.
| RATE.TO | ESGB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 1.26 | +2.31 |
| Martin ratioReturn relative to average drawdown | 11.80 | 3.37 | +8.44 |
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Drawdowns
RATE.TO vs. ESGB.TO - Drawdown Comparison
The maximum RATE.TO drawdown since its inception was -14.01%, smaller than the maximum ESGB.TO drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for RATE.TO and ESGB.TO.
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Drawdown Indicators
| RATE.TO | ESGB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.01% | -15.18% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.80% | -2.47% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.78% | -2.50% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -3.38% | -13.96% | +10.58% |
Current DrawdownCurrent decline from peak | -0.23% | -1.78% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -4.23% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.92% | -0.68% |
Volatility
RATE.TO vs. ESGB.TO - Volatility Comparison
The current volatility for Arrow EC Income Advantage Alternative Fund (RATE.TO) is 0.66%, while BMO ESG Corporate Bond Index ETF (ESGB.TO) has a volatility of 1.27%. This indicates that RATE.TO experiences smaller price fluctuations and is considered to be less risky than ESGB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RATE.TO | ESGB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.27% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 3.17% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 4.02% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 5.41% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 5.97% | -0.24% |
RATE.TO vs. ESGB.TO - Expense Ratio Comparison
RATE.TO has a 2.01% expense ratio, which is higher than ESGB.TO's 0.17% expense ratio.
Dividends
RATE.TO vs. ESGB.TO - Dividend Comparison
RATE.TO's dividend yield for the trailing twelve months is around 4.66%, more than ESGB.TO's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 4.04% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% | 0.00% | 0.00% |
RATE.TO Arrow EC Income Advantage Alternative Fund | 4.66% | 4.60% | 4.69% | 4.74% | 4.11% | 3.52% | 2.98% | 2.99% | 2.32% |
Frequently Asked Questions
RATE.TO and ESGB.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGB.TO is cheaper with a 0.17% expense ratio, compared with 2.01% for RATE.TO.
RATE.TO is categorized as Investment Grade Bonds, while ESGB.TO is Corporate Bonds. They also come from different issuers: Arrow Capital Management Inc. and BMO. Their fees differ too: 2.01% for RATE.TO and 0.17% for ESGB.TO.
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