XBB vs. ZAG.TO
Compare and contrast key facts about BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) and BMO Aggregate Bond Index ETF (ZAG.TO).
XBB and ZAG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBB is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA BB US Cash Pay High Yield Constrained Index. It was launched on May 24, 2022. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010. Both XBB and ZAG.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBB or ZAG.TO.
Key characteristics
| XBB | ZAG.TO | |
|---|---|---|
| YTD Return | 6.60% | 3.06% |
| 1Y Return | 10.84% | 8.13% |
| Sharpe Ratio | 2.57 | 1.54 |
| Sortino Ratio | 4.15 | 2.30 |
| Omega Ratio | 1.50 | 1.27 |
| Calmar Ratio | 7.64 | 0.68 |
| Martin Ratio | 23.13 | 5.33 |
| Ulcer Index | 0.52% | 1.76% |
| Daily Std Dev | 4.66% | 6.08% |
| Max Drawdown | -8.87% | -18.03% |
| Current Drawdown | -0.60% | -6.18% |
Correlation
The correlation between XBB and ZAG.TO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XBB vs. ZAG.TO - Performance Comparison
In the year-to-date period, XBB achieves a 6.60% return, which is significantly higher than ZAG.TO's 3.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBB vs. ZAG.TO - Expense Ratio Comparison
XBB has a 0.20% expense ratio, which is higher than ZAG.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XBB vs. ZAG.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) 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.
Dividends
XBB vs. ZAG.TO - Dividend Comparison
XBB's dividend yield for the trailing twelve months is around 6.29%, more than ZAG.TO's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 6.29% | 6.15% | 3.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.47% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% | 3.63% |
Drawdowns
XBB vs. ZAG.TO - Drawdown Comparison
The maximum XBB drawdown since its inception was -8.87%, smaller than the maximum ZAG.TO drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for XBB and ZAG.TO. For additional features, visit the drawdowns tool.
Volatility
XBB vs. ZAG.TO - Volatility Comparison
The current volatility for BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) is 1.50%, while BMO Aggregate Bond Index ETF (ZAG.TO) has a volatility of 2.46%. This indicates that XBB experiences smaller price fluctuations and is considered to be less risky than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.