ZCM.TO vs. SYLD.TO
Compare and contrast key facts about BMO Mid Corporate Bond Index ETF (ZCM.TO) and Purpose Strategic Yield Fund (SYLD.TO).
ZCM.TO and SYLD.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. SYLD.TO - Performance Comparison
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ZCM.TO vs. SYLD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZCM.TO BMO Mid Corporate Bond Index ETF | -0.13% | 4.84% | 8.07% | 7.96% | -10.18% | -2.09% | 10.34% | 8.59% | 1.25% |
SYLD.TO Purpose Strategic Yield Fund | 0.15% | 10.15% | 13.23% | 6.84% | -8.63% | 12.53% | 10.72% | 8.65% | -3.45% |
Returns By Period
In the year-to-date period, ZCM.TO achieves a -0.13% return, which is significantly lower than SYLD.TO's 0.15% return.
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%
SYLD.TO
- 1D
- 0.26%
- 1M
- -0.57%
- YTD
- 0.15%
- 6M
- 1.36%
- 1Y
- 9.69%
- 3Y*
- 9.54%
- 5Y*
- 4.93%
- 10Y*
- —
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ZCM.TO vs. SYLD.TO - Expense Ratio Comparison
Return for Risk
ZCM.TO vs. SYLD.TO — Risk / Return Rank
ZCM.TO
SYLD.TO
ZCM.TO vs. SYLD.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 Strategic Yield Fund (SYLD.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 | SYLD.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 2.01 | -1.38 |
Sortino ratioReturn per unit of downside risk | 0.85 | 3.25 | -2.39 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.42 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 3.77 | -2.73 |
Martin ratioReturn relative to average drawdown | 3.34 | 15.34 | -11.99 |
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
| ZCM.TO | SYLD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 2.01 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.17 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.70 | -0.15 |
Correlation
The correlation between ZCM.TO and SYLD.TO is 0.08, 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. SYLD.TO - Dividend Comparison
ZCM.TO's dividend yield for the trailing twelve months is around 4.22%, less than SYLD.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% |
SYLD.TO Purpose Strategic Yield Fund | 5.92% | 5.85% | 6.07% | 6.45% | 6.46% | 5.56% | 5.91% | 6.13% | 4.70% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZCM.TO vs. SYLD.TO - Drawdown Comparison
The maximum ZCM.TO drawdown since its inception was -26.06%, smaller than the maximum SYLD.TO drawdown of -32.00%. Use the drawdown chart below to compare losses from any high point for ZCM.TO and SYLD.TO.
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Drawdown Indicators
| ZCM.TO | SYLD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.06% | -32.00% | +5.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -2.57% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | -9.48% | -6.34% |
Max Drawdown (10Y)Largest decline over 10 years | -26.06% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -0.88% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -2.64% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.63% | +0.32% |
Volatility
ZCM.TO vs. SYLD.TO - Volatility Comparison
BMO Mid Corporate Bond Index ETF (ZCM.TO) has a higher volatility of 2.29% compared to Purpose Strategic Yield Fund (SYLD.TO) at 0.99%. This indicates that ZCM.TO's price experiences larger fluctuations and is considered to be riskier than SYLD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZCM.TO | SYLD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 0.99% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.37% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.85% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 4.74% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.75% | 11.96% | -3.21% |