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ZFH.TO vs. GFEA.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZFH.TO vs. GFEA.DE

Last updated Apr 2, 2026

Compare and contrast key facts about BMO Floating Rate High Yield ETF (ZFH.TO) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE).

ZFH.TO and GFEA.DE 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. GFEA.DE is a passively managed fund by VanEck that tracks the performance of the ICE Global Fallen Angel High Yield 10% Constrained. It was launched on Mar 19, 2018.

Performance

ZFH.TO vs. GFEA.DE - 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 VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE). The values are adjusted to include any dividend payments, if applicable.

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ZFH.TO vs. GFEA.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ZFH.TO
BMO Floating Rate High Yield ETF		-1.23%5.53%11.55%13.55%-0.94%4.73%-3.93%11.12%0.66%
GFEA.DE
VanEck Global Fallen Angel High Yield Bond UCITS ETF		0.86%5.23%14.66%7.64%-7.00%1.53%14.32%9.18%1.79%
Different Trading Currencies

ZFH.TO is traded in CAD, while GFEA.DE is traded in EUR. To make them comparable, the GFEA.DE 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 GFEA.DE's 0.86% return.

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%

GFEA.DE

1D
-0.51%
1M
-0.80%
YTD
0.86%
6M
-0.48%
1Y
3.54%
3Y*
8.23%
5Y*
4.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO Floating Rate High Yield ETF

VanEck Global Fallen Angel High Yield Bond UCITS ETF

Often compared with ZFH.TO:
ZFH.TO vs. ZCS.TOZFH.TO vs. VAB.TOZFH.TO vs. XSH.TOZFH.TO vs. DXV.TOZFH.TO vs. FLOTZFH.TO vs. XSI.TOZFH.TO vs. XSB.TO
Often compared with GFEA.DE:
GFEA.DE vs. GB1E.DEGFEA.DE vs. HYLE.DEGFEA.DE vs. IBC7.DEGFEA.DE vs. XZHY.DEGFEA.DE vs. IS3K.DEGFEA.DE vs. TRET.DEGFEA.DE vs. ESP0.DE

ZFH.TO vs. GFEA.DE - Expense Ratio Comparison

Both ZFH.TO and GFEA.DE have an expense ratio of 0.40%.

ZFH.TO
BMO Floating Rate High Yield ETF
GFEA.DE
VanEck Global Fallen Angel High Yield Bond UCITS ETF

Return for Risk

ZFH.TO vs. GFEA.DE — 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: 4545
Sharpe Ratio Rank
ZFH.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
ZFH.TO Omega Ratio Rank: 4848
Omega Ratio Rank
ZFH.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
ZFH.TO Martin Ratio Rank: 4444
Martin Ratio Rank
GFEA.DE
GFEA.DE Risk / Return Rank: 99
Overall Rank
GFEA.DE Sharpe Ratio Rank: 99
Sharpe Ratio Rank
GFEA.DE Sortino Ratio Rank: 88
Sortino Ratio Rank
GFEA.DE Omega Ratio Rank: 88
Omega Ratio Rank
GFEA.DE Calmar Ratio Rank: 99
Calmar Ratio Rank
GFEA.DE Martin Ratio Rank: 99
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. GFEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE). 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.TOGFEA.DEDifference

Sharpe ratio

Return per unit of total volatility

0.89

0.44

+0.45

Sortino ratio

Return per unit of downside risk

1.21

0.61

+0.60

Omega ratio

Gain probability vs. loss probability

1.20

1.09

+0.11

Calmar ratio

Return relative to maximum drawdown

1.19

0.89

+0.30

Martin ratio

Return relative to average drawdown

4.63

3.00

+1.64

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. GFEA.DE - Sharpe Ratio Comparison

The current ZFH.TO Sharpe Ratio is 0.89, which is higher than the GFEA.DE Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of ZFH.TO and GFEA.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZFH.TOGFEA.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.89

0.44

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

0.61

+0.35

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

0.78

-0.17

Correlation

The correlation between ZFH.TO and GFEA.DE is 0.04, 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

ZFH.TO vs. GFEA.DE - Dividend Comparison

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

TTM20252024202320222021202020192018201720162015
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%
GFEA.DE
VanEck Global Fallen Angel High Yield Bond UCITS 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. GFEA.DE - Drawdown Comparison

The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than GFEA.DE's maximum drawdown of -18.05%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and GFEA.DE.

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Drawdown Indicators

ZFH.TOGFEA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-20.98%

-22.87%

+1.89%

Max Drawdown (1Y)

Largest decline over 1 year

-4.26%

-6.84%

+2.58%

Max Drawdown (5Y)

Largest decline over 5 years

-9.53%

-10.97%

+1.44%

Max Drawdown (10Y)

Largest decline over 10 years

-20.98%

—

—

Current Drawdown

Current decline from peak

-2.61%

-3.89%

+1.28%

Average Drawdown

Average peak-to-trough decline

-1.82%

-3.42%

+1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.09%

1.35%

-0.26%

Volatility

ZFH.TO vs. GFEA.DE - Volatility Comparison

The current volatility for BMO Floating Rate High Yield ETF (ZFH.TO) is 1.61%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a volatility of 2.61%. This indicates that ZFH.TO experiences smaller price fluctuations and is considered to be less risky than GFEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZFH.TOGFEA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.61%

2.61%

-1.00%

Volatility (6M)

Calculated over the trailing 6-month period

3.03%

4.46%

-1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

5.79%

8.03%

-2.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.46%

8.08%

-1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.38%

9.44%

-1.06%