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XBB vs. ZCS.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XBB vs. ZCS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) and BMO Short Corporate Bond Index ETF (ZCS.TO).

XBB and ZCS.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. ZCS.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Short Term Corporate Bond Index. It was launched on Oct 20, 2009. Both XBB and ZCS.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.

Performance

XBB vs. ZCS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) and BMO Short Corporate Bond Index ETF (ZCS.TO). The values are adjusted to include any dividend payments, if applicable.

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XBB vs. ZCS.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
XBB
BondBloxx BB Rated USD High Yield Corporate Bond ETF		-0.26%8.59%6.41%10.63%-3.77%
ZCS.TO
BMO Short Corporate Bond Index ETF		-1.13%9.41%-1.06%9.10%-5.93%
Different Trading Currencies

XBB is traded in USD, while ZCS.TO is traded in CAD. To make them comparable, the ZCS.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XBB achieves a -0.26% return, which is significantly higher than ZCS.TO's -1.13% return.

XBB

1D
0.97%
1M
-1.30%
YTD
-0.26%
6M
1.05%
1Y
6.15%
3Y*
7.03%
5Y*
—
10Y*
—

ZCS.TO

1D
0.32%
1M
-2.85%
YTD
-1.13%
6M
0.73%
1Y
6.84%
3Y*
4.51%
5Y*
0.59%
10Y*
2.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BondBloxx BB Rated USD High Yield Corporate Bond ETF

BMO Short Corporate Bond Index ETF

Often compared with XBB:
XBB vs. ZAG.TOXBB vs. XHY.TOXBB vs. BBDD.LXBB vs. XTLT.TOXBB vs. XSB.TOXBB vs. XRB.TOXBB vs. LABU
Often compared with ZCS.TO:
ZCS.TO vs. ZAG.TOZCS.TO vs. XCB.TOZCS.TO vs. XSB.TOZCS.TO vs. PSA.TOZCS.TO vs. ZCB.TOZCS.TO vs. VSB.TOZCS.TO vs. XSH.TO

XBB vs. ZCS.TO - Expense Ratio Comparison

XBB has a 0.20% expense ratio, which is higher than ZCS.TO's 0.11% 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%.

XBB
BondBloxx BB Rated USD High Yield Corporate Bond ETF
ZCS.TO
BMO Short Corporate Bond Index ETF

Return for Risk

XBB vs. ZCS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XBB
XBB Risk / Return Rank: 7373
Overall Rank
XBB Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
XBB Sortino Ratio Rank: 7272
Sortino Ratio Rank
XBB Omega Ratio Rank: 7070
Omega Ratio Rank
XBB Calmar Ratio Rank: 7373
Calmar Ratio Rank
XBB Martin Ratio Rank: 7676
Martin Ratio Rank
ZCS.TO
ZCS.TO Risk / Return Rank: 8282
Overall Rank
ZCS.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
ZCS.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
ZCS.TO Omega Ratio Rank: 8383
Omega Ratio Rank
ZCS.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
ZCS.TO Martin Ratio Rank: 8383
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.

XBB vs. ZCS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) and BMO Short Corporate Bond Index ETF (ZCS.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.

XBBZCS.TODifference

Sharpe ratio

Return per unit of total volatility

1.23

1.27

-0.05

Sortino ratio

Return per unit of downside risk

1.79

1.95

-0.17

Omega ratio

Gain probability vs. loss probability

1.25

1.23

+0.03

Calmar ratio

Return relative to maximum drawdown

1.86

1.79

+0.08

Martin ratio

Return relative to average drawdown

7.95

6.00

+1.95

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

XBB vs. ZCS.TO - Sharpe Ratio Comparison

The current XBB Sharpe Ratio is 1.23, which is comparable to the ZCS.TO Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of XBB and ZCS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XBBZCS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.23

1.27

-0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.08

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.24

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.16

+0.61

Correlation

The correlation between XBB and ZCS.TO is 0.49, 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.

Dividends

XBB vs. ZCS.TO - Dividend Comparison

XBB's dividend yield for the trailing twelve months is around 5.37%, more than ZCS.TO's 3.82% yield.

TTM20252024202320222021202020192018201720162015
XBB
BondBloxx BB Rated USD High Yield Corporate Bond ETF		5.37%5.42%6.35%6.15%3.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZCS.TO
BMO Short Corporate Bond Index ETF		3.82%3.60%3.27%3.35%3.23%2.99%2.88%2.96%2.88%3.04%3.34%3.53%

Drawdowns

XBB vs. ZCS.TO - Drawdown Comparison

The maximum XBB drawdown since its inception was -8.87%, smaller than the maximum ZCS.TO drawdown of -29.36%. Use the drawdown chart below to compare losses from any high point for XBB and ZCS.TO.

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Drawdown Indicators

XBBZCS.TODifference

Max Drawdown

Largest peak-to-trough decline

-8.87%

-13.95%

+5.08%

Max Drawdown (1Y)

Largest decline over 1 year

-3.51%

-1.63%

-1.88%

Max Drawdown (5Y)

Largest decline over 5 years

—

-7.76%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.95%

—

Current Drawdown

Current decline from peak

-1.68%

-1.01%

-0.67%

Average Drawdown

Average peak-to-trough decline

-1.37%

-0.90%

-0.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.82%

0.37%

+0.45%

Volatility

XBB vs. ZCS.TO - Volatility Comparison

BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) and BMO Short Corporate Bond Index ETF (ZCS.TO) have volatilities of 1.93% and 1.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XBBZCS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.93%

1.85%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

3.14%

3.59%

-0.45%

Volatility (1Y)

Calculated over the trailing 1-year period

5.04%

5.41%

-0.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.20%

7.18%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.20%

8.45%

-1.25%