XSTP.TO vs. ZFH.TO
XSTP.TO (iShares 0-5 Year TIPS Bond Index ETF) and ZFH.TO (BMO Floating Rate High Yield ETF) are both exchange-traded funds - XSTP.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while ZFH.TO is a High Yield Bonds fund actively managed by BMO. XSTP.TO is passively managed, while ZFH.TO is actively managed. Over the past 3 years, XSTP.TO returned 6.18%/yr vs 9.48%/yr for ZFH.TO. At a correlation of -0.14, they often move in opposite directions. XSTP.TO charges 0.16%/yr vs 0.40%/yr for ZFH.TO.
Performance
XSTP.TO vs. ZFH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTP.TO achieves a 3.35% return, which is significantly higher than ZFH.TO's 2.17% return.
XSTP.TO
- 1D
- 0.51%
- 1M
- 2.16%
- YTD
- 3.35%
- 6M
- 1.23%
- 1Y
- 5.54%
- 3Y*
- 6.18%
- 5Y*
- —
- 10Y*
- —
ZFH.TO
- 1D
- 0.00%
- 1M
- 0.62%
- YTD
- 2.17%
- 6M
- 1.34%
- 1Y
- 5.99%
- 3Y*
- 9.48%
- 5Y*
- 6.72%
- 10Y*
- 5.61%
XSTP.TO vs. ZFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 3.35% | 0.64% | 13.59% | 2.31% | 17.76% | 4.89% |
ZFH.TO BMO Floating Rate High Yield ETF | 2.17% | 5.53% | 11.55% | 13.55% | -0.94% | 1.22% |
Correlation
The correlation between XSTP.TO and ZFH.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | -0.14 |
The correlation between XSTP.TO and ZFH.TO shifts across timeframes, from -0.14 (all time) to -0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSTP.TO vs. ZFH.TO — Risk / Return Rank
XSTP.TO
ZFH.TO
XSTP.TO vs. ZFH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) 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.
| XSTP.TO | ZFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.84 | -0.67 |
| Martin ratioReturn relative to average drawdown | 2.84 | 6.33 | -3.49 |
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
| XSTP.TO | ZFH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.54 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.64 | +0.33 |
Drawdowns
XSTP.TO vs. ZFH.TO - Drawdown Comparison
The maximum XSTP.TO drawdown since its inception was -5.68%, smaller than the maximum ZFH.TO drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for XSTP.TO and ZFH.TO.
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Drawdown Indicators
| XSTP.TO | ZFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -20.98% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -3.27% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -6.40% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.98% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.20% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -1.80% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.95% | +1.01% |
Volatility
XSTP.TO vs. ZFH.TO - Volatility Comparison
iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) and BMO Floating Rate High Yield ETF (ZFH.TO) have volatilities of 0.94% and 0.96%, 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
| XSTP.TO | ZFH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.96% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 3.01% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 3.92% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.13% | 6.42% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 8.33% | +0.80% |
XSTP.TO vs. ZFH.TO - Expense Ratio Comparison
XSTP.TO has a 0.16% expense ratio, which is lower than ZFH.TO's 0.40% expense ratio.
Dividends
XSTP.TO vs. ZFH.TO - Dividend Comparison
XSTP.TO's dividend yield for the trailing twelve months is around 3.57%, less than ZFH.TO's 5.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 3.57% | 4.06% | 2.41% | 3.08% | 5.70% | 2.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZFH.TO BMO Floating Rate High Yield ETF | 5.21% | 5.52% | 7.72% | 6.98% | 4.75% | 4.48% | 4.51% | 4.27% | 4.45% | 4.58% | 4.64% | 4.94% |
Frequently Asked Questions
XSTP.TO and ZFH.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTP.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTP.TO is cheaper with a 0.16% expense ratio, compared with 0.40% for ZFH.TO.
XSTP.TO is categorized as Inflation-Protected Bonds, while ZFH.TO is High Yield Bonds. They also come from different issuers: iShares and BMO. Their fees differ too: 0.16% for XSTP.TO and 0.40% for ZFH.TO.
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