ZCON.TO vs. PYF.TO
Compare and contrast key facts about BMO Conservative ETF (ZCON.TO) and Purpose Premium Yield Fund Series ETF (PYF.TO).
ZCON.TO and PYF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZCON.TO is managed by BMO. It was launched on Feb 12, 2019. PYF.TO is an actively managed fund by Purpose Investments. It was launched on Nov 28, 2018.
Performance
ZCON.TO vs. PYF.TO - Performance Comparison
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ZCON.TO vs. PYF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZCON.TO BMO Conservative ETF | 0.31% | 9.31% | 11.51% | 9.89% | -11.00% | 6.06% | 9.69% | 7.50% |
PYF.TO Purpose Premium Yield Fund Series ETF | -0.23% | 5.45% | 7.42% | 8.40% | 5.25% | 4.95% | -1.59% | 5.14% |
Returns By Period
In the year-to-date period, ZCON.TO achieves a 0.31% return, which is significantly higher than PYF.TO's -0.23% return.
ZCON.TO
- 1D
- 1.29%
- 1M
- -2.78%
- YTD
- 0.31%
- 6M
- 1.18%
- 1Y
- 8.64%
- 3Y*
- 8.93%
- 5Y*
- 5.01%
- 10Y*
- —
PYF.TO
- 1D
- 0.30%
- 1M
- 0.30%
- YTD
- -0.23%
- 6M
- -0.41%
- 1Y
- 2.80%
- 3Y*
- 6.23%
- 5Y*
- 5.87%
- 10Y*
- 4.48%
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ZCON.TO vs. PYF.TO - Expense Ratio Comparison
Return for Risk
ZCON.TO vs. PYF.TO — Risk / Return Rank
ZCON.TO
PYF.TO
ZCON.TO vs. PYF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Conservative ETF (ZCON.TO) and Purpose Premium Yield Fund Series ETF (PYF.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.
| ZCON.TO | PYF.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 0.45 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.59 | 0.75 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.41 | +1.15 |
Martin ratioReturn relative to average drawdown | 6.04 | 2.26 | +3.78 |
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
| ZCON.TO | PYF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.45 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 1.14 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.69 | +0.04 |
Correlation
The correlation between ZCON.TO and PYF.TO is 0.29, 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
ZCON.TO vs. PYF.TO - Dividend Comparison
ZCON.TO's dividend yield for the trailing twelve months is around 2.16%, less than PYF.TO's 7.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ZCON.TO BMO Conservative ETF | 2.16% | 2.36% | 2.49% | 2.71% | 2.89% | 2.50% | 2.59% | 2.51% | 0.00% | 0.00% | 0.00% |
PYF.TO Purpose Premium Yield Fund Series ETF | 7.62% | 7.84% | 7.66% | 7.47% | 5.78% | 5.74% | 5.69% | 5.29% | 5.38% | 5.83% | 6.59% |
Drawdowns
ZCON.TO vs. PYF.TO - Drawdown Comparison
The maximum ZCON.TO drawdown since its inception was -17.22%, smaller than the maximum PYF.TO drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for ZCON.TO and PYF.TO.
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Drawdown Indicators
| ZCON.TO | PYF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.22% | -20.53% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -5.13% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -15.88% | -5.57% | -10.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.53% | — |
Current DrawdownCurrent decline from peak | -2.93% | -0.98% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -0.99% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.93% | +0.56% |
Volatility
ZCON.TO vs. PYF.TO - Volatility Comparison
BMO Conservative ETF (ZCON.TO) has a higher volatility of 3.02% compared to Purpose Premium Yield Fund Series ETF (PYF.TO) at 0.88%. This indicates that ZCON.TO's price experiences larger fluctuations and is considered to be riskier than PYF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZCON.TO | PYF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 0.88% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 2.20% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 6.35% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 5.17% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 6.66% | +1.36% |