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STPL.TO vs. ZAG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STPL.TO vs. ZAG.TO

Last updated Jun 5, 2026

STPL.TO (BMO Global Consumer Staples Hedged to CAD Index ETF) and ZAG.TO (BMO Aggregate Bond Index ETF) are both exchange-traded funds - STPL.TO is a Consumer Staples Equities fund tracking the FTSE Developed ex Korea Consumer Staples Capped 100% Hedged to CAD Index, while ZAG.TO is a Canadian Government Bonds fund tracking the FTSE Canada Universe Bond Index. Both are passively managed. Over the past 5 years, STPL.TO returned 2.69%/yr vs 0.76%/yr for ZAG.TO. At a 0.10 correlation, their price movements are largely independent. STPL.TO charges 0.40%/yr vs 0.09%/yr for ZAG.TO.

Performance

STPL.TO vs. ZAG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) and BMO Aggregate Bond Index ETF (ZAG.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, STPL.TO achieves a 1.18% return, which is significantly lower than ZAG.TO's 1.70% return.

STPL.TO

1D
-0.04%
1M
-1.88%
YTD
1.18%
6M
1.13%
1Y
-2.09%
3Y*
2.23%
5Y*
2.69%
10Y*
—

ZAG.TO

1D
0.00%
1M
1.82%
YTD
1.70%
6M
1.18%
1Y
2.95%
3Y*
4.31%
5Y*
0.76%
10Y*
1.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

STPL.TO vs. ZAG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
STPL.TO
BMO Global Consumer Staples Hedged to CAD Index ETF		1.18%5.53%2.99%-2.50%-0.24%15.26%0.98%24.54%-10.98%4.78%
ZAG.TO
BMO Aggregate Bond Index ETF		1.70%2.25%4.48%6.41%-11.60%-2.60%8.34%6.84%1.12%0.59%

Correlation

The correlation between STPL.TO and ZAG.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.24

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

0.18

Correlation (All Time)
Calculated using the full available price history since Apr 12, 2017

0.10

The correlation between STPL.TO and ZAG.TO shifts across timeframes, from 0.10 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

STPL.TO vs. ZAG.TO - Sectors Allocation Comparison

Sectors
STPL.TO
ZAG.TO

Consumer Defensive

89.2%

-

Healthcare

7.9%

-

Basic Materials

1.9%

-

Consumer Cyclical

0.9%

-

Industrials

0.1%

-

Communication Services

-

-

Energy

-

-

Financial Services

-

-

Real Estate

-

0.0%

Technology

-

-

Utilities

-

-

Consumer Defensive

STPL.TO
89.2%
ZAG.TO

-

Healthcare

STPL.TO
7.9%
ZAG.TO

-

Basic Materials

STPL.TO
1.9%
ZAG.TO

-

Consumer Cyclical

STPL.TO
0.9%
ZAG.TO

-

Industrials

STPL.TO
0.1%
ZAG.TO

-

Communication Services

STPL.TO

-

ZAG.TO

-

Energy

STPL.TO

-

ZAG.TO

-

Financial Services

STPL.TO

-

ZAG.TO

-

Real Estate

STPL.TO

-

ZAG.TO
0.0%

Technology

STPL.TO

-

ZAG.TO

-

Utilities

STPL.TO

-

ZAG.TO

-

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BMO Global Consumer Staples Hedged to CAD Index ETF

BMO Aggregate Bond Index ETF

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Often compared with ZAG.TO:
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Return for Risk

STPL.TO vs. ZAG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STPL.TO
STPL.TO Risk / Return Rank: 77
Overall Rank
STPL.TO Sharpe Ratio Rank: 77
Sharpe Ratio Rank
STPL.TO Sortino Ratio Rank: 77
Sortino Ratio Rank
STPL.TO Omega Ratio Rank: 77
Omega Ratio Rank
STPL.TO Calmar Ratio Rank: 77
Calmar Ratio Rank
STPL.TO Martin Ratio Rank: 77
Martin Ratio Rank
ZAG.TO
ZAG.TO Risk / Return Rank: 2121
Overall Rank
ZAG.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
ZAG.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
ZAG.TO Omega Ratio Rank: 2020
Omega Ratio Rank
ZAG.TO Calmar Ratio Rank: 2424
Calmar Ratio Rank
ZAG.TO Martin Ratio Rank: 2121
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.

STPL.TO vs. ZAG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) and BMO Aggregate Bond Index ETF (ZAG.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.

STPL.TOZAG.TODifference
Sharpe ratioReturn per unit of total volatility
-0.18
0.67

-0.84

Sortino ratioReturn per unit of downside risk
-0.17
0.94

-1.10

Omega ratioGain probability vs. loss probability

0.98

1.12

-0.14

Calmar ratioReturn relative to maximum drawdown

-0.20

1.06

-1.26

Martin ratioReturn relative to average drawdown

-0.43

2.48

-2.91

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STPL.TO vs. ZAG.TO - Sharpe Ratio Comparison

The current STPL.TO Sharpe Ratio is -0.18, which is lower than the ZAG.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of STPL.TO and ZAG.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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Sharpe Ratios by Period

STPL.TOZAG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.18

0.67

-0.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

0.12

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.24

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.45

-0.13

Drawdowns

STPL.TO vs. ZAG.TO - Drawdown Comparison

The maximum STPL.TO drawdown since its inception was -23.82%, which is greater than ZAG.TO's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for STPL.TO and ZAG.TO.

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Drawdown Indicators

STPL.TOZAG.TODifference

Max Drawdown

Largest peak-to-trough decline

-23.82%

-18.03%

-5.79%

Max Drawdown (1Y)

Largest decline over 1 year

-10.44%

-2.79%

-7.65%

Max Drawdown (3Y)

Largest decline over 3 years

-10.44%

-5.42%

-5.02%

Max Drawdown (5Y)

Largest decline over 5 years

-12.06%

-15.77%

+3.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.03%

—

Current Drawdown

Current decline from peak

-9.73%

-1.09%

-8.64%

Average Drawdown

Average peak-to-trough decline

-3.90%

-3.54%

-0.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.84%

1.19%

+3.65%

Volatility

STPL.TO vs. ZAG.TO - Volatility Comparison

BMO Global Consumer Staples Hedged to CAD Index ETF (STPL.TO) has a higher volatility of 3.97% compared to BMO Aggregate Bond Index ETF (ZAG.TO) at 1.68%. This indicates that STPL.TO's price experiences larger fluctuations and is considered to be riskier than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

STPL.TOZAG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.97%

1.68%

+2.29%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

3.43%

+6.16%

Volatility (1Y)

Calculated over the trailing 1-year period

11.88%

4.45%

+7.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.73%

6.58%

+5.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.75%

7.11%

+5.64%

STPL.TO vs. ZAG.TO - Expense Ratio Comparison

STPL.TO has a 0.40% expense ratio, which is higher than ZAG.TO's 0.09% expense ratio.

Dividends

STPL.TO vs. ZAG.TO - Dividend Comparison

STPL.TO's dividend yield for the trailing twelve months is around 2.17%, less than ZAG.TO's 3.42% yield.

PositionTTM20252024202320222021202020192018201720162015
STPL.TO
BMO Global Consumer Staples Hedged to CAD Index ETF		2.17%2.22%2.42%2.43%2.32%2.10%2.18%2.02%2.30%1.33%0.00%0.00%
ZAG.TO
BMO Aggregate Bond Index ETF		3.42%3.48%3.44%3.47%3.56%3.04%2.88%3.03%2.92%2.95%3.07%3.13%

Frequently Asked Questions

STPL.TO and ZAG.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZAG.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZAG.TO is cheaper with a 0.09% expense ratio, compared with 0.40% for STPL.TO.

STPL.TO is categorized as Consumer Staples Equities, while ZAG.TO is Canadian Government Bonds. STPL.TO tracks FTSE Developed ex Korea Consumer Staples Capped 100% Hedged to CAD Index, while ZAG.TO tracks FTSE Canada Universe Bond Index. Their fees differ too: 0.40% for STPL.TO and 0.09% for ZAG.TO.

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