USHY.MI vs. ZFH.TO
USHY.MI (Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist) and ZFH.TO (BMO Floating Rate High Yield ETF) are both High Yield Bonds funds. USHY.MI is passively managed, while ZFH.TO is actively managed. Over the past year, USHY.MI returned 7.40% vs 3.77% for ZFH.TO. At a 0.28 correlation, their price movements are largely independent. USHY.MI charges 0.25%/yr vs 0.40%/yr for ZFH.TO.
Performance
USHY.MI vs. ZFH.TO - Performance Comparison
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Different Trading Currencies
USHY.MI is traded in EUR, while ZFH.TO is traded in CAD. To make them comparable, the ZFH.TO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, USHY.MI achieves a 4.81% return, which is significantly higher than ZFH.TO's 2.91% return.
USHY.MI
- 1D
- -0.02%
- 1M
- 1.53%
- 6M
- 2.59%
- YTD
- 4.81%
- 1Y
- 7.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZFH.TO
- 1D
- 0.04%
- 1M
- 0.72%
- 6M
- 2.45%
- YTD
- 2.91%
- 1Y
- 3.77%
- 3Y*
- 6.06%
- 5Y*
- 5.09%
- 10Y*
- 4.24%
USHY.MI vs. ZFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 4.81% | -3.98% | 13.31% |
ZFH.TO BMO Floating Rate High Yield ETF | 2.91% | -2.47% | 7.12% |
Correlation
The correlation between USHY.MI and ZFH.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2024 | 0.28 |
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Return for Risk
USHY.MI vs. ZFH.TO — Risk / Return Rank
USHY.MI
ZFH.TO
USHY.MI vs. ZFH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) and BMO Floating Rate High Yield ETF (ZFH.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.
| USHY.MI | ZFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.05 | +1.32 |
| Martin ratioReturn relative to average drawdown | 7.68 | 2.56 | +5.12 |
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Drawdowns
USHY.MI vs. ZFH.TO - Drawdown Comparison
The maximum USHY.MI drawdown since its inception was -11.75%, smaller than the maximum ZFH.TO drawdown of -27.55%. Use the drawdown chart below to compare losses from any high point for USHY.MI and ZFH.TO.
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Drawdown Indicators
| USHY.MI | ZFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.75% | -27.55% | +15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -3.59% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.55% | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.79% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -4.88% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.48% | -0.51% |
Volatility
USHY.MI vs. ZFH.TO - Volatility Comparison
Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist (USHY.MI) has a higher volatility of 1.60% compared to BMO Floating Rate High Yield ETF (ZFH.TO) at 1.02%. This indicates that USHY.MI's price experiences larger fluctuations and is considered to be riskier than ZFH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHY.MI | ZFH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.02% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 5.99% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.63% | 8.28% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 12.38% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 13.38% | -6.22% |
USHY.MI vs. ZFH.TO - Expense Ratio Comparison
USHY.MI has a 0.25% expense ratio, which is lower than ZFH.TO's 0.40% expense ratio.
Dividends
USHY.MI vs. ZFH.TO - Dividend Comparison
USHY.MI's dividend yield for the trailing twelve months is around 5.58%, more than ZFH.TO's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHY.MI Amundi USD High Yield Corporate Bond ESG UCITS ETF Dist | 5.58% | 5.85% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZFH.TO BMO Floating Rate High Yield ETF | 5.17% | 5.58% | 7.82% | 7.07% | 4.81% | 4.54% | 4.57% | 4.32% | 4.51% | 4.64% | 4.70% | 5.01% |
Frequently Asked Questions
USHY.MI and ZFH.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USHY.MI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USHY.MI is cheaper with a 0.25% expense ratio, compared with 0.40% for ZFH.TO.
They also come from different issuers: Amundi and BMO. Their fees differ too: 0.25% for USHY.MI and 0.40% for ZFH.TO.
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