XFR.TO vs. ZST.TO
Compare and contrast key facts about iShares Floating Rate Index ETF (XFR.TO) and BMO Ultra Short-Term Bond ETF (ZST.TO).
XFR.TO and ZST.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XFR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Dec 6, 2011. ZST.TO is an actively managed fund by BMO. It was launched on Jan 27, 2011.
Performance
XFR.TO vs. ZST.TO - Performance Comparison
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XFR.TO vs. ZST.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 0.56% | 3.33% | 4.57% | 5.29% | 1.82% | 0.15% | 0.98% | 2.23% | 1.16% | 1.46% |
ZST.TO BMO Ultra Short-Term Bond ETF | 0.59% | 2.03% | 5.16% | 5.33% | 1.19% | 0.22% | 1.74% | 2.36% | 1.95% | 1.43% |
Returns By Period
In the year-to-date period, XFR.TO achieves a 0.56% return, which is significantly lower than ZST.TO's 0.59% return. Both investments have delivered pretty close results over the past 10 years, with XFR.TO having a 2.23% annualized return and ZST.TO not far ahead at 2.32%.
XFR.TO
- 1D
- 0.05%
- 1M
- 0.20%
- YTD
- 0.56%
- 6M
- 1.40%
- 1Y
- 2.89%
- 3Y*
- 4.12%
- 5Y*
- 3.11%
- 10Y*
- 2.23%
ZST.TO
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 0.59%
- 6M
- 0.20%
- 1Y
- 1.71%
- 3Y*
- 3.95%
- 5Y*
- 2.86%
- 10Y*
- 2.32%
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XFR.TO vs. ZST.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is lower than ZST.TO's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
XFR.TO vs. ZST.TO — Risk / Return Rank
XFR.TO
ZST.TO
XFR.TO vs. ZST.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) and BMO Ultra Short-Term Bond ETF (ZST.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.
| XFR.TO | ZST.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.72 | 1.57 | +2.14 |
Sortino ratioReturn per unit of downside risk | 5.94 | 1.66 | +4.28 |
Omega ratioGain probability vs. loss probability | 1.84 | 1.78 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 10.01 | 1.72 | +8.29 |
Martin ratioReturn relative to average drawdown | 57.24 | 4.78 | +52.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XFR.TO | ZST.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.72 | 1.57 | +2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.81 | 3.99 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 3.25 | -2.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 1.79 | -0.61 |
Correlation
The correlation between XFR.TO and ZST.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XFR.TO vs. ZST.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.85%, more than ZST.TO's 2.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 2.85% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
ZST.TO BMO Ultra Short-Term Bond ETF | 2.62% | 2.82% | 4.65% | 4.79% | 2.75% | 2.29% | 2.65% | 2.82% | 3.43% | 4.05% | 3.92% | 3.90% |
Drawdowns
XFR.TO vs. ZST.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, which is greater than ZST.TO's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for XFR.TO and ZST.TO.
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Drawdown Indicators
| XFR.TO | ZST.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -1.06% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -1.01% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | -1.01% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -1.06% | -3.06% |
Current DrawdownCurrent decline from peak | 0.00% | -0.40% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.13% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.36% | -0.31% |
Volatility
XFR.TO vs. ZST.TO - Volatility Comparison
iShares Floating Rate Index ETF (XFR.TO) has a higher volatility of 0.18% compared to BMO Ultra Short-Term Bond ETF (ZST.TO) at 0.15%. This indicates that XFR.TO's price experiences larger fluctuations and is considered to be riskier than ZST.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFR.TO | ZST.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.15% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.53% | 1.05% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 1.09% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 0.72% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.85% | 0.72% | +1.13% |