ZBBB.TO vs. ESGF.TO
ZBBB.TO (BMO BBB Corporate Bond Index ETF) and ESGF.TO (BMO ESG US Corporate Bond Hedged to CAD Index ETF) are both Corporate Bonds funds from BMO. Over the past 5 years, ZBBB.TO returned 3.08%/yr vs -1.73%/yr for ESGF.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
ZBBB.TO vs. ESGF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZBBB.TO achieves a 1.74% return, which is significantly higher than ESGF.TO's -0.85% return.
ZBBB.TO
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.22%
- YTD
- 1.74%
- 1Y
- 4.98%
- 3Y*
- 6.94%
- 5Y*
- 3.08%
- 10Y*
- —
ESGF.TO
- 1D
- 0.60%
- 1M
- -0.89%
- 6M
- -1.38%
- YTD
- -0.85%
- 1Y
- 2.17%
- 3Y*
- 2.01%
- 5Y*
- -1.73%
- 10Y*
- —
ZBBB.TO vs. ESGF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZBBB.TO BMO BBB Corporate Bond Index ETF | 1.74% | 4.83% | 8.00% | 5.61% | -4.43% | -1.12% | 6.72% |
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | -0.85% | 5.25% | -2.92% | 7.28% | -15.76% | -3.12% | 8.44% |
Correlation
The correlation between ZBBB.TO and ESGF.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.11 |
The correlation between ZBBB.TO and ESGF.TO shifts across timeframes, from 0.11 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZBBB.TO vs. ESGF.TO — Risk / Return Rank
ZBBB.TO
ESGF.TO
ZBBB.TO vs. ESGF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO BBB Corporate Bond Index ETF (ZBBB.TO) and BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.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.
| ZBBB.TO | ESGF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.08 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 0.75 | +1.66 |
| Martin ratioReturn relative to average drawdown | 6.77 | 1.61 | +5.15 |
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Drawdowns
ZBBB.TO vs. ESGF.TO - Drawdown Comparison
The maximum ZBBB.TO drawdown since its inception was -11.55%, smaller than the maximum ESGF.TO drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for ZBBB.TO and ESGF.TO.
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Drawdown Indicators
| ZBBB.TO | ESGF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.55% | -23.55% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -2.92% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.97% | -8.77% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -11.23% | -23.18% | +11.95% |
Current DrawdownCurrent decline from peak | 0.00% | -11.30% | +11.30% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -10.59% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.35% | -0.65% |
Volatility
ZBBB.TO vs. ESGF.TO - Volatility Comparison
The current volatility for BMO BBB Corporate Bond Index ETF (ZBBB.TO) is 0.66%, while BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) has a volatility of 2.13%. This indicates that ZBBB.TO experiences smaller price fluctuations and is considered to be less risky than ESGF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZBBB.TO | ESGF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 2.13% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 3.83% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 5.00% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 15.25% | -10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 15.69% | -9.85% |
Dividends
ZBBB.TO vs. ESGF.TO - Dividend Comparison
ZBBB.TO's dividend yield for the trailing twelve months is around 3.18%, less than ESGF.TO's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | 4.42% | 4.14% | 4.08% | 4.06% | 3.77% | 2.93% | 2.75% |
ZBBB.TO BMO BBB Corporate Bond Index ETF | 3.18% | 4.11% | 3.72% | 3.47% | 4.42% | 3.23% | 3.10% |
Frequently Asked Questions
ZBBB.TO and ESGF.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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