ZFH.TO vs. FTSL
Compare and contrast key facts about BMO Floating Rate High Yield ETF (ZFH.TO) and First Trust Senior Loan Fund (FTSL).
ZFH.TO and FTSL 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. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Performance
ZFH.TO vs. FTSL - Performance Comparison
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ZFH.TO vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZFH.TO BMO Floating Rate High Yield ETF | -1.23% | 5.53% | 11.55% | 13.55% | -0.94% | 4.73% | -3.93% | 11.12% | 0.72% | 5.39% |
FTSL First Trust Senior Loan Fund | 0.57% | 1.12% | 17.57% | 9.12% | 4.44% | 3.00% | 1.25% | 4.69% | 7.07% | -3.94% |
Different Trading Currencies
ZFH.TO is traded in CAD, while FTSL is traded in USD. To make them comparable, the FTSL 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 -1.23% return, which is significantly lower than FTSL's 0.57% return. Both investments have delivered pretty close results over the past 10 years, with ZFH.TO having a 5.30% annualized return and FTSL not far behind at 5.19%.
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%
FTSL
- 1D
- -0.03%
- 1M
- 2.69%
- YTD
- 0.57%
- 6M
- 0.70%
- 1Y
- 1.84%
- 3Y*
- 8.13%
- 5Y*
- 7.06%
- 10Y*
- 5.19%
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ZFH.TO vs. FTSL - Expense Ratio Comparison
ZFH.TO has a 0.40% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Return for Risk
ZFH.TO vs. FTSL — Risk / Return Rank
ZFH.TO
FTSL
ZFH.TO vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.31 | +0.57 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.46 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.06 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.27 | +0.92 |
Martin ratioReturn relative to average drawdown | 4.63 | 0.58 | +4.05 |
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 | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.31 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.14 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.73 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.88 | -0.27 |
Correlation
The correlation between ZFH.TO and FTSL is -0.08. 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. FTSL - Dividend Comparison
ZFH.TO's dividend yield for the trailing twelve months is around 5.42%, less than FTSL's 6.58% yield.
| 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% |
FTSL First Trust Senior Loan Fund | 6.58% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Drawdowns
ZFH.TO vs. FTSL - Drawdown Comparison
The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than FTSL's maximum drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and FTSL.
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Drawdown Indicators
| ZFH.TO | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -22.67% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -2.33% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -6.96% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | -22.67% | +1.69% |
Current DrawdownCurrent decline from peak | -2.61% | -1.13% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -0.77% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.65% | +0.44% |
Volatility
ZFH.TO vs. FTSL - Volatility Comparison
The current volatility for BMO Floating Rate High Yield ETF (ZFH.TO) is 1.61%, while First Trust Senior Loan Fund (FTSL) has a volatility of 1.71%. This indicates that ZFH.TO experiences smaller price fluctuations and is considered to be less risky than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZFH.TO | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.71% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 3.80% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 5.90% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 6.24% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 7.16% | +1.22% |