ZBBB.TO vs. XCBG.TO
Compare and contrast key facts about BMO BBB Corporate Bond Index ETF (ZBBB.TO) and iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO).
ZBBB.TO and XCBG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZBBB.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada 1-10 Year BBB Corporate Bond Index. It was launched on Jan 28, 2020. XCBG.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Corp Bd GR CAD. It was launched on Aug 6, 2021. Both ZBBB.TO and XCBG.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
ZBBB.TO vs. XCBG.TO - Performance Comparison
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ZBBB.TO vs. XCBG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZBBB.TO BMO BBB Corporate Bond Index ETF | 0.10% | 4.73% | 8.00% | 5.61% | -5.28% | -0.07% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 0.06% | 4.21% | 6.79% | 7.45% | -7.40% | -1.10% |
Returns By Period
In the year-to-date period, ZBBB.TO achieves a 0.10% return, which is significantly higher than XCBG.TO's 0.06% return.
ZBBB.TO
- 1D
- -0.03%
- 1M
- -1.13%
- YTD
- 0.10%
- 6M
- 0.41%
- 1Y
- 3.42%
- 3Y*
- 6.05%
- 5Y*
- 2.66%
- 10Y*
- —
XCBG.TO
- 1D
- -0.08%
- 1M
- -1.06%
- YTD
- 0.06%
- 6M
- 0.45%
- 1Y
- 2.40%
- 3Y*
- 5.34%
- 5Y*
- —
- 10Y*
- —
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ZBBB.TO vs. XCBG.TO - Expense Ratio Comparison
Both ZBBB.TO and XCBG.TO have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
ZBBB.TO vs. XCBG.TO — Risk / Return Rank
ZBBB.TO
XCBG.TO
ZBBB.TO vs. XCBG.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 iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.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.
| ZBBB.TO | XCBG.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.79 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.10 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.29 | +0.55 |
Martin ratioReturn relative to average drawdown | 5.63 | 4.27 | +1.36 |
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
| ZBBB.TO | XCBG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.79 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.47 | +0.03 |
Correlation
The correlation between ZBBB.TO and XCBG.TO is 0.36, 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
ZBBB.TO vs. XCBG.TO - Dividend Comparison
ZBBB.TO's dividend yield for the trailing twelve months is around 4.25%, more than XCBG.TO's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZBBB.TO BMO BBB Corporate Bond Index ETF | 4.25% | 4.12% | 3.72% | 3.47% | 3.54% | 3.23% | 3.10% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 3.92% | 3.84% | 3.61% | 3.19% | 2.99% | 0.87% | 0.00% |
Drawdowns
ZBBB.TO vs. XCBG.TO - Drawdown Comparison
The maximum ZBBB.TO drawdown since its inception was -11.55%, roughly equal to the maximum XCBG.TO drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for ZBBB.TO and XCBG.TO.
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Drawdown Indicators
| ZBBB.TO | XCBG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.55% | -12.14% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -2.03% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -11.23% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.47% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -3.63% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.61% | +0.04% |
Volatility
ZBBB.TO vs. XCBG.TO - Volatility Comparison
The current volatility for BMO BBB Corporate Bond Index ETF (ZBBB.TO) is 1.12%, while iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) has a volatility of 1.32%. This indicates that ZBBB.TO experiences smaller price fluctuations and is considered to be less risky than XCBG.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 | XCBG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.32% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | 2.05% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 3.07% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 4.22% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 4.22% | +1.65% |