ZCM.TO vs. BND.TO
Compare and contrast key facts about BMO Mid Corporate Bond Index ETF (ZCM.TO) and Purpose Global Bond Fund (BND.TO).
ZCM.TO and BND.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZCM.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Mid Term Corporate Bond Index. It was launched on Jan 19, 2010.
Performance
ZCM.TO vs. BND.TO - Performance Comparison
Loading graphics...
ZCM.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZCM.TO BMO Mid Corporate Bond Index ETF | -0.13% | 4.84% | 8.07% | 7.96% | -10.18% | -2.09% | 10.34% | 8.59% | 0.58% | 2.28% |
BND.TO Purpose Global Bond Fund | -1.50% | 7.23% | 7.49% | 8.45% | -7.80% | 2.85% | 6.14% | 4.16% | -0.91% | 1.72% |
Returns By Period
In the year-to-date period, ZCM.TO achieves a -0.13% return, which is significantly higher than BND.TO's -1.50% return. Both investments have delivered pretty close results over the past 10 years, with ZCM.TO having a 3.02% annualized return and BND.TO not far behind at 2.89%.
ZCM.TO
- 1D
- 0.00%
- 1M
- -2.39%
- YTD
- -0.13%
- 6M
- -0.43%
- 1Y
- 2.85%
- 3Y*
- 5.76%
- 5Y*
- 2.18%
- 10Y*
- 3.02%
BND.TO
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -1.50%
- 6M
- -1.09%
- 1Y
- 3.97%
- 3Y*
- 6.42%
- 5Y*
- 2.99%
- 10Y*
- 2.89%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZCM.TO vs. BND.TO - Expense Ratio Comparison
Return for Risk
ZCM.TO vs. BND.TO — Risk / Return Rank
ZCM.TO
BND.TO
ZCM.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Mid Corporate Bond Index ETF (ZCM.TO) and Purpose Global Bond Fund (BND.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.
| ZCM.TO | BND.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.13 | -0.51 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.53 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.30 | -0.27 |
Martin ratioReturn relative to average drawdown | 3.34 | 4.97 | -1.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ZCM.TO | BND.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.13 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.60 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.57 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.58 | -0.03 |
Correlation
The correlation between ZCM.TO and BND.TO is 0.22, 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
ZCM.TO vs. BND.TO - Dividend Comparison
ZCM.TO's dividend yield for the trailing twelve months is around 4.22%, less than BND.TO's 5.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZCM.TO BMO Mid Corporate Bond Index ETF | 4.22% | 4.03% | 3.84% | 3.93% | 3.80% | 3.29% | 3.12% | 3.33% | 3.22% | 3.04% | 3.18% | 3.42% |
BND.TO Purpose Global Bond Fund | 5.92% | 5.70% | 5.24% | 5.20% | 4.14% | 3.89% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
Drawdowns
ZCM.TO vs. BND.TO - Drawdown Comparison
The maximum ZCM.TO drawdown since its inception was -26.06%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for ZCM.TO and BND.TO.
Loading graphics...
Drawdown Indicators
| ZCM.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.06% | -16.55% | -9.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.97% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -12.23% | -3.59% |
Max Drawdown (10Y)Largest decline over 10 years | -26.06% | -16.55% | -9.51% |
Current DrawdownCurrent decline from peak | -2.41% | -2.59% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -2.09% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.77% | +0.18% |
Volatility
ZCM.TO vs. BND.TO - Volatility Comparison
BMO Mid Corporate Bond Index ETF (ZCM.TO) has a higher volatility of 2.29% compared to Purpose Global Bond Fund (BND.TO) at 1.26%. This indicates that ZCM.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ZCM.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 1.26% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 1.97% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 3.52% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 5.05% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.75% | 5.13% | +3.62% |