TECK-B.TO vs. ZSB.TO
TECK-B.TO (Teck Resources Limited) is a stock, while ZSB.TO (BMO Short-Term Bond Index ETF) is Canadian Government Bonds fund tracking the FTSE Canada Short Term Overall Bond Index. Over the past 5 years, TECK-B.TO returned 19.48%/yr vs 2.03%/yr for ZSB.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
TECK-B.TO vs. ZSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TECK-B.TO achieves a 16.88% return, which is significantly higher than ZSB.TO's 1.21% return.
TECK-B.TO
- 1D
- -0.75%
- 1M
- -13.83%
- 6M
- 8.73%
- YTD
- 16.88%
- 1Y
- 48.89%
- 3Y*
- 12.42%
- 5Y*
- 19.48%
- 10Y*
- 16.67%
- ALL TIME*
- 4.32%
ZSB.TO
- 1D
- 0.06%
- 1M
- -0.04%
- 6M
- 0.98%
- YTD
- 1.21%
- 1Y
- 3.30%
- 3Y*
- 4.88%
- 5Y*
- 2.03%
- 10Y*
- —
- ALL TIME*
- 2.35%
TECK-B.TO vs. ZSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TECK-B.TO Teck Resources Limited | 16.88% | 13.74% | 6.02% | 9.22% | 38.53% | 39.67% | 22.66% | -22.54% | -19.85% |
ZSB.TO BMO Short-Term Bond Index ETF | 1.21% | 3.77% | 5.55% | 5.05% | -4.09% | -1.20% | 5.13% | 2.95% | 1.69% |
Correlation
The correlation between TECK-B.TO and ZSB.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018 | 0.01 |
The correlation between TECK-B.TO and ZSB.TO shifts across timeframes, from 0.01 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TECK-B.TO vs. ZSB.TO — Risk / Return Rank
TECK-B.TO
ZSB.TO
TECK-B.TO vs. ZSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teck Resources Limited (TECK-B.TO) and BMO Short-Term Bond Index ETF (ZSB.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.
| TECK-B.TO | ZSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.27 | -0.35 |
| Martin ratioReturn relative to average drawdown | 5.32 | 7.54 | -2.22 |
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Drawdowns
TECK-B.TO vs. ZSB.TO - Drawdown Comparison
The maximum TECK-B.TO drawdown since its inception was -92.82%, which is greater than ZSB.TO's maximum drawdown of -7.49%. Use the drawdown chart below to compare losses from any high point for TECK-B.TO and ZSB.TO.
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Drawdown Indicators
| TECK-B.TO | ZSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.82% | -7.49% | -85.33% |
Max Drawdown (1Y)Largest decline over 1 year | -25.62% | -1.46% | -24.16% |
Max Drawdown (3Y)Largest decline over 3 years | -42.17% | -1.46% | -40.71% |
Max Drawdown (5Y)Largest decline over 5 years | -59.45% | -7.12% | -52.33% |
Max Drawdown (10Y)Largest decline over 10 years | -72.02% | — | — |
Current DrawdownCurrent decline from peak | -24.66% | -0.23% | -24.43% |
Average DrawdownAverage peak-to-trough decline | -42.88% | -1.48% | -41.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 0.44% | +8.77% |
Volatility
TECK-B.TO vs. ZSB.TO - Volatility Comparison
Teck Resources Limited (TECK-B.TO) has a higher volatility of 13.30% compared to BMO Short-Term Bond Index ETF (ZSB.TO) at 0.43%. This indicates that TECK-B.TO's price experiences larger fluctuations and is considered to be riskier than ZSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECK-B.TO | ZSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.30% | 0.43% | +12.87% |
Volatility (6M)Calculated over the trailing 6-month period | 37.20% | 1.59% | +35.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.87% | 1.95% | +44.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.10% | 2.76% | +62.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.50% | 2.63% | +56.87% |
Dividends
TECK-B.TO vs. ZSB.TO - Dividend Comparison
TECK-B.TO's dividend yield for the trailing twelve months is around 0.65%, less than ZSB.TO's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECK-B.TO Teck Resources Limited | 0.65% | 0.76% | 1.71% | 1.79% | 1.93% | 0.52% | 0.73% | 0.66% | 0.51% | 0.61% | 0.32% | 3.75% |
ZSB.TO BMO Short-Term Bond Index ETF | 3.18% | 3.16% | 2.91% | 2.54% | 2.60% | 2.43% | 2.34% | 2.40% | 2.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECK-B.TO and ZSB.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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