ZCB.TO vs. ZST.TO
Compare and contrast key facts about BMO Corporate Bond Index ETF (ZCB.TO) and BMO Ultra Short-Term Bond ETF (ZST.TO).
ZCB.TO and ZST.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ZST.TO is an actively managed fund by BMO. It was launched on Jan 27, 2011.
Performance
ZCB.TO vs. ZST.TO - Performance Comparison
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ZCB.TO vs. ZST.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% |
ZST.TO BMO Ultra Short-Term Bond ETF | 0.59% | 2.03% | 5.16% | 5.33% | 1.19% | 0.22% | 1.74% | 2.36% | 1.61% |
Returns By Period
In the year-to-date period, ZCB.TO achieves a 0.01% return, which is significantly lower than ZST.TO's 0.59% 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*
- —
ZST.TO
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 0.59%
- 6M
- 0.20%
- 1Y
- 1.71%
- 3Y*
- 3.95%
- 5Y*
- 2.86%
- 10Y*
- 2.32%
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ZCB.TO vs. ZST.TO - Expense Ratio Comparison
Both ZCB.TO and ZST.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
ZCB.TO vs. ZST.TO — Risk / Return Rank
ZCB.TO
ZST.TO
ZCB.TO vs. ZST.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Corporate Bond Index ETF (ZCB.TO) and BMO Ultra Short-Term Bond ETF (ZST.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 | ZST.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 1.57 | -1.01 |
Sortino ratioReturn per unit of downside risk | 0.75 | 1.66 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.78 | -0.67 |
Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.72 | -0.78 |
Martin ratioReturn relative to average drawdown | 2.89 | 4.78 | -1.89 |
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
| ZCB.TO | ZST.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.57 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 3.99 | -3.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.79 | -1.26 |
Correlation
The correlation between ZCB.TO and ZST.TO is 0.25, 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. ZST.TO - Dividend Comparison
ZCB.TO's dividend yield for the trailing twelve months is around 4.11%, more than ZST.TO's 2.62% 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% |
ZST.TO BMO Ultra Short-Term Bond ETF | 2.62% | 2.82% | 4.65% | 4.79% | 2.75% | 2.29% | 2.65% | 2.82% | 3.43% | 4.05% | 3.92% | 3.90% |
Drawdowns
ZCB.TO vs. ZST.TO - Drawdown Comparison
The maximum ZCB.TO drawdown since its inception was -15.70%, which is greater than ZST.TO's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for ZCB.TO and ZST.TO.
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Drawdown Indicators
| ZCB.TO | ZST.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.70% | -1.06% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -1.01% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -1.01% | -13.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.06% | — |
Current DrawdownCurrent decline from peak | -1.98% | -0.40% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -0.13% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.36% | +0.47% |
Volatility
ZCB.TO vs. ZST.TO - Volatility Comparison
BMO Corporate Bond Index ETF (ZCB.TO) has a higher volatility of 1.68% compared to BMO Ultra Short-Term Bond ETF (ZST.TO) at 0.15%. This indicates that ZCB.TO's price experiences larger fluctuations and is considered to be riskier than ZST.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZCB.TO | ZST.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.15% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 1.05% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 1.09% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 0.72% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.43% | 0.72% | +4.71% |