ZFH.TO vs. BSJQ
ZFH.TO (BMO Floating Rate High Yield ETF) and BSJQ (Invesco BulletShares 2026 High Yield Corp Bond ETF) are both High Yield Bonds funds. ZFH.TO is actively managed, while BSJQ is passively managed. Over the past 5 years, ZFH.TO returned 6.72%/yr vs 6.70%/yr for BSJQ. At a 0.00 correlation, their price movements are largely independent. ZFH.TO charges 0.40%/yr vs 0.42%/yr for BSJQ.
Performance
ZFH.TO vs. BSJQ - Performance Comparison
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Different Trading Currencies
ZFH.TO is traded in CAD, while BSJQ is traded in USD. To make them comparable, the BSJQ values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ZFH.TO having a 2.17% return and BSJQ slightly lower at 2.13%.
ZFH.TO
- 1D
- 0.00%
- 1M
- 0.62%
- YTD
- 2.17%
- 6M
- 1.34%
- 1Y
- 5.99%
- 3Y*
- 9.48%
- 5Y*
- 6.72%
- 10Y*
- 5.61%
BSJQ
- 1D
- 0.41%
- 1M
- 1.71%
- YTD
- 2.13%
- 6M
- 0.89%
- 1Y
- 5.96%
- 3Y*
- 8.18%
- 5Y*
- 6.70%
- 10Y*
- —
ZFH.TO vs. BSJQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZFH.TO BMO Floating Rate High Yield ETF | 2.17% | 5.53% | 11.55% | 13.55% | -0.94% | 4.73% | -3.93% | 11.12% | -1.66% |
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 2.13% | 1.70% | 16.72% | 7.42% | -0.75% | 3.59% | 1.06% | 11.00% | 0.30% |
Correlation
The correlation between ZFH.TO and BSJQ is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018 | 0.00 |
The correlation between ZFH.TO and BSJQ shifts across timeframes, from -0.05 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.
ZFH.TO vs. BSJQ - Sectors Allocation Comparison
Sectors
ZFH.TO
BSJQ
Real Estate
Basic Materials
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-
Communication Services
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Consumer Cyclical
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Consumer Defensive
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-
Energy
-
Financial Services
-
Healthcare
-
-
Industrials
-
Technology
-
Utilities
-
-
Real Estate
ZFH.TO
BSJQ
Basic Materials
ZFH.TO
-
BSJQ
-
Communication Services
ZFH.TO
-
BSJQ
Consumer Cyclical
ZFH.TO
-
BSJQ
Consumer Defensive
ZFH.TO
-
BSJQ
-
Energy
ZFH.TO
-
BSJQ
Financial Services
ZFH.TO
-
BSJQ
Healthcare
ZFH.TO
-
BSJQ
-
Industrials
ZFH.TO
-
BSJQ
Technology
ZFH.TO
-
BSJQ
Utilities
ZFH.TO
-
BSJQ
-
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Return for Risk
ZFH.TO vs. BSJQ — Risk / Return Rank
ZFH.TO
BSJQ
ZFH.TO vs. BSJQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ). 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.
| ZFH.TO | BSJQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.61 | +0.23 |
| Martin ratioReturn relative to average drawdown | 6.33 | 4.54 | +1.79 |
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
| ZFH.TO | BSJQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.30 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 1.07 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.66 | -0.02 |
Drawdowns
ZFH.TO vs. BSJQ - Drawdown Comparison
The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than BSJQ's maximum drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and BSJQ.
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Drawdown Indicators
| ZFH.TO | BSJQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -17.06% | -3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -3.71% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -5.67% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -11.51% | +1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.11% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -2.08% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.32% | -0.37% |
Volatility
ZFH.TO vs. BSJQ - Volatility Comparison
BMO Floating Rate High Yield ETF (ZFH.TO) and Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) have volatilities of 0.96% and 1.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZFH.TO | BSJQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.01% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 3.47% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.61% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 6.32% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 8.21% | +0.12% |
ZFH.TO vs. BSJQ - Expense Ratio Comparison
ZFH.TO has a 0.40% expense ratio, which is lower than BSJQ's 0.42% expense ratio.
Dividends
ZFH.TO vs. BSJQ - Dividend Comparison
ZFH.TO's dividend yield for the trailing twelve months is around 5.21%, less than BSJQ's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJQ Invesco BulletShares 2026 High Yield Corp Bond ETF | 5.83% | 6.10% | 6.58% | 6.58% | 5.58% | 4.27% | 4.64% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% |
ZFH.TO BMO Floating Rate High Yield ETF | 5.21% | 5.52% | 7.72% | 6.98% | 4.75% | 4.48% | 4.51% | 4.27% | 4.45% | 4.58% | 4.64% | 4.94% |
Frequently Asked Questions
ZFH.TO and BSJQ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZFH.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZFH.TO is cheaper with a 0.40% expense ratio, compared with 0.42% for BSJQ.
They also come from different issuers: BMO and Invesco. Their fees differ too: 0.40% for ZFH.TO and 0.42% for BSJQ.
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