ZBBB.TO vs. MFT.TO
ZBBB.TO (BMO BBB Corporate Bond Index ETF) and MFT.TO (Mackenzie Floating Rate Income ETF) are both Corporate Bonds funds. ZBBB.TO is passively managed, while MFT.TO is actively managed. Over the past 5 years, ZBBB.TO returned 3.08%/yr vs 3.71%/yr for MFT.TO. At a 0.00 correlation, their price movements are largely independent.
Performance
ZBBB.TO vs. MFT.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 lower than MFT.TO's 2.53% 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*
- —
MFT.TO
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 2.08%
- YTD
- 2.53%
- 1Y
- 2.43%
- 3Y*
- 5.49%
- 5Y*
- 3.71%
- 10Y*
- 4.41%
ZBBB.TO vs. MFT.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% |
MFT.TO Mackenzie Floating Rate Income ETF | 2.53% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% |
Correlation
The correlation between ZBBB.TO and MFT.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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.00 |
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Return for Risk
ZBBB.TO vs. MFT.TO — Risk / Return Rank
ZBBB.TO
MFT.TO
ZBBB.TO vs. MFT.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 Mackenzie Floating Rate Income ETF (MFT.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 | MFT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.16 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.84 | +0.56 |
| Martin ratioReturn relative to average drawdown | 6.77 | 4.39 | +2.38 |
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Drawdowns
ZBBB.TO vs. MFT.TO - Drawdown Comparison
The maximum ZBBB.TO drawdown since its inception was -11.55%, smaller than the maximum MFT.TO drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for ZBBB.TO and MFT.TO.
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Drawdown Indicators
| ZBBB.TO | MFT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.55% | -20.87% | +9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -1.33% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -1.97% | -3.40% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -11.23% | -7.45% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.87% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -1.38% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.55% | +0.15% |
Volatility
ZBBB.TO vs. MFT.TO - Volatility Comparison
The current volatility for BMO BBB Corporate Bond Index ETF (ZBBB.TO) is 0.66%, while Mackenzie Floating Rate Income ETF (MFT.TO) has a volatility of 0.79%. This indicates that ZBBB.TO experiences smaller price fluctuations and is considered to be less risky than MFT.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 | MFT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.79% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.80% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 2.61% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 3.71% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 5.10% | +0.74% |
Dividends
ZBBB.TO vs. MFT.TO - Dividend Comparison
ZBBB.TO's dividend yield for the trailing twelve months is around 3.18%, less than MFT.TO's 8.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 8.29% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% |
ZBBB.TO BMO BBB Corporate Bond Index ETF | 3.18% | 4.11% | 3.72% | 3.47% | 4.42% | 3.23% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZBBB.TO and MFT.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.
They also come from different issuers: BMO and Mackenzie.
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