ZCB.TO vs. FTS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Corporate Bond Index ETF (ZCB.TO) and Fortis Inc. (FTS.TO).

ZCB.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada All Corporate Bond Index. It was launched on Mar 1, 2018.

Performance

ZCB.TO vs. FTS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Corporate Bond Index ETF (ZCB.TO) and Fortis Inc. (FTS.TO). The values are adjusted to include any dividend payments, if applicable.

ZCB.TO vs. FTS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ZCB.TO BMO Corporate Bond Index ETF	0.01%	3.81%	6.60%	8.73%	-10.20%	-2.22%	8.33%	8.03%	1.27%
FTS.TO Fortis Inc.	9.66%	23.93%	14.24%	4.76%	-7.87%	21.81%	0.04%	22.71%	9.02%

Returns By Period

In the year-to-date period, ZCB.TO achieves a 0.01% return, which is significantly lower than FTS.TO's 9.66% return.

ZCB.TO

• 1D: 0.00%
• 1M: -1.92%
• YTD: 0.01%
• 6M: 0.05%
• 1Y: 2.17%
• 3Y*: 5.31%
• 5Y*: 1.82%
• 10Y*: —

FTS.TO

• 1D: -0.58%
• 1M: -1.10%
• YTD: 9.66%
• 6M: 11.84%
• 1Y: 22.65%
• 3Y*: 14.94%
• 5Y*: 11.53%
• 10Y*: 10.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ZCB.TO vs. FTS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZCB.TO

ZCB.TO Risk / Return Rank: 31
ZCB.TO Sharpe Ratio Rank: 31
ZCB.TO Sortino Ratio Rank: 26
ZCB.TO Omega Ratio Rank: 26
ZCB.TO Calmar Ratio Rank: 37
ZCB.TO Martin Ratio Rank: 32

FTS.TO

FTS.TO Risk / Return Rank: 87
FTS.TO Sharpe Ratio Rank: 88
FTS.TO Sortino Ratio Rank: 86
FTS.TO Omega Ratio Rank: 82
FTS.TO Calmar Ratio Rank: 90
FTS.TO Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZCB.TO vs. FTS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Corporate Bond Index ETF (ZCB.TO) and Fortis Inc. (FTS.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.

	ZCB.TO	FTS.TO	Difference
Sharpe ratio Return per unit of total volatility	0.56	1.69	-1.13
Sortino ratio Return per unit of downside risk	0.75	2.46	-1.71
Omega ratio Gain probability vs. loss probability	1.11	1.30	-0.19
Calmar ratio Return relative to maximum drawdown	0.93	3.87	-2.93
Martin ratio Return relative to average drawdown	2.89	8.05	-5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZCB.TO vs. FTS.TO - Sharpe Ratio Comparison

The current ZCB.TO Sharpe Ratio is 0.56, which is lower than the FTS.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of ZCB.TO and FTS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZCB.TO	FTS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	1.69	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.82	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.65	-0.12

Correlation

The correlation between ZCB.TO and FTS.TO is 0.20, 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

ZCB.TO vs. FTS.TO - Dividend Comparison

ZCB.TO's dividend yield for the trailing twelve months is around 4.11%, more than FTS.TO's 3.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZCB.TO BMO Corporate Bond Index ETF	4.11%	4.00%	3.84%	3.89%	3.62%	3.13%	2.97%	3.12%	3.27%	0.00%	0.00%	0.00%
FTS.TO Fortis Inc.	3.23%	3.48%	3.99%	4.19%	4.01%	3.36%	3.73%	3.39%	3.79%	3.52%	3.68%	3.73%

Drawdowns

ZCB.TO vs. FTS.TO - Drawdown Comparison

The maximum ZCB.TO drawdown since its inception was -15.70%, smaller than the maximum FTS.TO drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for ZCB.TO and FTS.TO.

Drawdown Indicators

	ZCB.TO	FTS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.70%	-35.48%	+19.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-6.22%	+3.67%
Max Drawdown (5Y) Largest decline over 5 years	-14.20%	-24.01%	+9.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.27%	—
Current Drawdown Current decline from peak	-1.98%	-3.11%	+1.13%
Average Drawdown Average peak-to-trough decline	-3.76%	-6.54%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	2.99%	-2.16%

Volatility

ZCB.TO vs. FTS.TO - Volatility Comparison

The current volatility for BMO Corporate Bond Index ETF (ZCB.TO) is 1.68%, while Fortis Inc. (FTS.TO) has a volatility of 4.35%. This indicates that ZCB.TO experiences smaller price fluctuations and is considered to be less risky than FTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZCB.TO	FTS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.68%	4.35%	-2.67%
Volatility (6M) Calculated over the trailing 6-month period	2.55%	9.53%	-6.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.89%	13.46%	-9.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.14%	14.23%	-9.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.43%	16.81%	-11.38%