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ZFH.TO vs. BSJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZFH.TO vs. BSJR

Last updated Jun 4, 2026

ZFH.TO (BMO Floating Rate High Yield ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. ZFH.TO is actively managed, while BSJR is passively managed. Over the past 5 years, ZFH.TO returned 6.72%/yr vs 6.32%/yr for BSJR. At a 0.02 correlation, their price movements are largely independent. ZFH.TO charges 0.40%/yr vs 0.42%/yr for BSJR.

Performance

ZFH.TO vs. BSJR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Floating Rate High Yield ETF (ZFH.TO) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ZFH.TO is traded in CAD, while BSJR is traded in USD. To make them comparable, the BSJR values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZFH.TO achieves a 2.17% return, which is significantly lower than BSJR's 2.40% return.

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%

BSJR

1D
0.32%
1M
2.05%
YTD
2.40%
6M
1.31%
1Y
6.13%
3Y*
9.03%
5Y*
6.32%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZFH.TO vs. BSJR - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ZFH.TO
BMO Floating Rate High Yield ETF		2.17%5.53%11.55%13.55%-0.94%4.73%-3.93%2.90%
BSJR
Invesco BulletShares 2027 High Yield Corporate Bond ETF		2.40%2.48%16.35%9.44%-5.03%2.67%3.91%1.17%

Correlation

The correlation between ZFH.TO and BSJR is -0.00, 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

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2019

0.02

The correlation between ZFH.TO and BSJR shifts across timeframes, from -0.00 (1 year) to 0.11 (3 years), reflecting how their relationship changes across market environments.

ZFH.TO vs. BSJR - Sectors Allocation Comparison

Sectors
ZFH.TO
BSJR

Real Estate

6.8%
4.2%

Basic Materials

-

1.6%

Communication Services

-

6.0%

Consumer Cyclical

-

11.2%

Consumer Defensive

-

1.8%

Energy

-

4.3%

Financial Services

-

13.8%

Healthcare

-

2.7%

Industrials

-

10.3%

Technology

-

1.6%

Utilities

-

0.8%

Real Estate

ZFH.TO
6.8%
BSJR
4.2%

Basic Materials

ZFH.TO

-

BSJR
1.6%

Communication Services

ZFH.TO

-

BSJR
6.0%

Consumer Cyclical

ZFH.TO

-

BSJR
11.2%

Consumer Defensive

ZFH.TO

-

BSJR
1.8%

Energy

ZFH.TO

-

BSJR
4.3%

Financial Services

ZFH.TO

-

BSJR
13.8%

Healthcare

ZFH.TO

-

BSJR
2.7%

Industrials

ZFH.TO

-

BSJR
10.3%

Technology

ZFH.TO

-

BSJR
1.6%

Utilities

ZFH.TO

-

BSJR
0.8%

Compare stocks, funds, or ETFs

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BMO Floating Rate High Yield ETF

Invesco BulletShares 2027 High Yield Corporate Bond ETF

Often compared with ZFH.TO:
ZFH.TO vs. DXV.TOZFH.TO vs. ZCS.TOZFH.TO vs. GFEA.DEZFH.TO vs. XSI.TOZFH.TO vs. XSH.TOZFH.TO vs. VAB.TOZFH.TO vs. XSB.TO
Often compared with BSJR:
BSJR vs. EICBSJR vs. IBHFBSJR vs. JSIBSJR vs. IBHGBSJR vs. BSJSBSJR vs. EIFAXBSJR vs. BSJP

Return for Risk

ZFH.TO vs. BSJR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZFH.TO
ZFH.TO Risk / Return Rank: 4343
Overall Rank
ZFH.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
ZFH.TO Sortino Ratio Rank: 4444
Sortino Ratio Rank
ZFH.TO Omega Ratio Rank: 4747
Omega Ratio Rank
ZFH.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
ZFH.TO Martin Ratio Rank: 4040
Martin Ratio Rank
BSJR
BSJR Risk / Return Rank: 7878
Overall Rank
BSJR Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
BSJR Sortino Ratio Rank: 7878
Sortino Ratio Rank
BSJR Omega Ratio Rank: 7575
Omega Ratio Rank
BSJR Calmar Ratio Rank: 8080
Calmar Ratio Rank
BSJR Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZFH.TO vs. BSJR - 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 2027 High Yield Corporate Bond ETF (BSJR). 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.TOBSJRDifference
Sharpe ratioReturn per unit of total volatility
1.54
1.34

+0.20

Sortino ratioReturn per unit of downside risk
2.23
1.87

+0.35

Omega ratioGain probability vs. loss probability

1.29

1.24

+0.06

Calmar ratioReturn relative to maximum drawdown

1.84

1.82

+0.02

Martin ratioReturn relative to average drawdown

6.33

4.94

+1.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZFH.TO vs. BSJR - Sharpe Ratio Comparison

The current ZFH.TO Sharpe Ratio is 1.54, which is comparable to the BSJR Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of ZFH.TO and BSJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ZFH.TOBSJRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

1.34

+0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

0.94

+0.11

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

0.54

+0.10

Drawdowns

ZFH.TO vs. BSJR - Drawdown Comparison

The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than BSJR's maximum drawdown of -15.70%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and BSJR.

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Drawdown Indicators

ZFH.TOBSJRDifference

Max Drawdown

Largest peak-to-trough decline

-20.98%

-15.70%

-5.28%

Max Drawdown (1Y)

Largest decline over 1 year

-3.27%

-3.38%

+0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-6.40%

-6.02%

-0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-9.53%

-14.68%

+5.15%

Max Drawdown (10Y)

Largest decline over 10 years

-20.98%

—

—

Current Drawdown

Current decline from peak

-0.20%

0.00%

-0.20%

Average Drawdown

Average peak-to-trough decline

-1.80%

-2.78%

+0.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.95%

1.25%

-0.30%

Volatility

ZFH.TO vs. BSJR - Volatility Comparison

BMO Floating Rate High Yield ETF (ZFH.TO) has a higher volatility of 0.96% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.90%. This indicates that ZFH.TO's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZFH.TOBSJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.96%

0.90%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

3.01%

3.51%

-0.50%

Volatility (1Y)

Calculated over the trailing 1-year period

3.92%

4.60%

-0.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.42%

6.73%

-0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.33%

8.88%

-0.55%

ZFH.TO vs. BSJR - Expense Ratio Comparison

ZFH.TO has a 0.40% expense ratio, which is lower than BSJR's 0.42% expense ratio.

Dividends

ZFH.TO vs. BSJR - Dividend Comparison

ZFH.TO's dividend yield for the trailing twelve months is around 5.21%, less than BSJR's 5.75% yield.

PositionTTM20252024202320222021202020192018201720162015
BSJR
Invesco BulletShares 2027 High Yield Corporate Bond ETF		5.75%6.19%6.75%6.48%5.37%4.49%4.53%1.20%0.00%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 BSJR have a correlation of -0.00, 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 BSJR.

They also come from different issuers: BMO and Invesco. Their fees differ too: 0.40% for ZFH.TO and 0.42% for BSJR.

Portfolio Optimizer

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