ZFH.TO vs. ESHY

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Floating Rate High Yield ETF (ZFH.TO) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).

ZFH.TO and ESHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZFH.TO is an actively managed fund by BMO. It was launched on Feb 10, 2014. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015.

Performance

ZFH.TO vs. ESHY - 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 Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

ZFH.TO vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
ZFH.TO BMO Floating Rate High Yield ETF	-1.36%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	1.65%

Different Trading Currencies

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

Returns By Period

ZFH.TO

• 1D: 0.61%
• 1M: -0.84%
• YTD: -1.23%
• 6M: -1.13%
• 1Y: 5.13%
• 3Y*: 8.82%
• 5Y*: 6.20%
• 10Y*: 5.30%

ESHY

• 1D: -0.14%
• 1M: 1.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZFH.TO vs. ESHY - Expense Ratio Comparison

ZFH.TO has a 0.40% expense ratio, which is higher than ESHY's 0.20% expense ratio.

ZFH.TO

BMO Floating Rate High Yield ETF

ESHY

Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF

Return for Risk

ZFH.TO vs. ESHY — 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: 43
ZFH.TO Sharpe Ratio Rank: 45
ZFH.TO Sortino Ratio Rank: 40
ZFH.TO Omega Ratio Rank: 48
ZFH.TO Calmar Ratio Rank: 40
ZFH.TO Martin Ratio Rank: 44

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. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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	ESHY	Difference
Sharpe ratio Return per unit of total volatility	0.89	—	—
Sortino ratio Return per unit of downside risk	1.21	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.19	—	—
Martin ratio Return relative to average drawdown	4.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZFH.TO	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	2.89	-2.28

Correlation

The correlation between ZFH.TO and ESHY is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ZFH.TO vs. ESHY - Dividend Comparison

ZFH.TO's dividend yield for the trailing twelve months is around 5.42%, while ESHY has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZFH.TO BMO Floating Rate High Yield ETF	5.42%	5.52%	7.72%	6.98%	4.75%	4.48%	4.51%	4.27%	4.45%	4.58%	4.64%	4.94%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZFH.TO vs. ESHY - Drawdown Comparison

The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than ESHY's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and ESHY.

Drawdown Indicators

	ZFH.TO	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	0.00%	-20.98%
Max Drawdown (1Y) Largest decline over 1 year	-4.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.98%	—	—
Current Drawdown Current decline from peak	-2.61%	0.00%	-2.61%
Average Drawdown Average peak-to-trough decline	-1.82%	0.00%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	—	—

Volatility

Volatility by Period

	ZFH.TO	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.79%	4.68%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.46%	4.68%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.38%	4.68%	+3.70%