ZFH.TO vs. HYSD
ZFH.TO (BMO Floating Rate High Yield ETF) and HYSD (Columbia Short Duration High Yield ETF) are both High Yield Bonds funds. Both are actively managed. Over the past year, ZFH.TO returned 4.83% vs 8.31% for HYSD. At a 0.04 correlation, their price movements are largely independent. ZFH.TO charges 0.40%/yr vs 0.44%/yr for HYSD.
Performance
ZFH.TO vs. HYSD - Performance Comparison
Loading charts...
Different Trading Currencies
ZFH.TO is traded in CAD, while HYSD is traded in USD. To make them comparable, the HYSD 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 2.58% return, which is significantly lower than HYSD's 4.74% return.
ZFH.TO
- 1D
- -0.13%
- 1M
- 0.33%
- 6M
- 1.97%
- YTD
- 2.58%
- 1Y
- 4.83%
- 3Y*
- 8.87%
- 5Y*
- 6.69%
- 10Y*
- 5.46%
HYSD
- 1D
- -0.14%
- 1M
- 0.64%
- 6M
- 2.87%
- YTD
- 4.74%
- 1Y
- 8.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZFH.TO vs. HYSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZFH.TO BMO Floating Rate High Yield ETF | 2.58% | 5.61% | 4.32% |
HYSD Columbia Short Duration High Yield ETF | 4.74% | 2.82% | 7.23% |
Correlation
The correlation between ZFH.TO and HYSD is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZFH.TO vs. HYSD — Risk / Return Rank
ZFH.TO
HYSD
ZFH.TO vs. HYSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and Columbia Short Duration High Yield ETF (HYSD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZFH.TO | HYSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.47 | -0.98 |
| Martin ratioReturn relative to average drawdown | 5.14 | 6.55 | -1.41 |
Loading charts...
Drawdowns
ZFH.TO vs. HYSD - Drawdown Comparison
The maximum ZFH.TO drawdown since its inception was -21.41%, which is greater than HYSD's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and HYSD.
Loading charts...
Drawdown Indicators
| ZFH.TO | HYSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.41% | -6.48% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -3.38% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.41% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.37% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -1.71% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.27% | -0.33% |
Volatility
ZFH.TO vs. HYSD - Volatility Comparison
The current volatility for BMO Floating Rate High Yield ETF (ZFH.TO) is 0.55%, while Columbia Short Duration High Yield ETF (HYSD) has a volatility of 1.46%. This indicates that ZFH.TO experiences smaller price fluctuations and is considered to be less risky than HYSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZFH.TO | HYSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 1.46% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.99% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 5.13% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.10% | 6.55% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.42% | 6.55% | +2.87% |
ZFH.TO vs. HYSD - Expense Ratio Comparison
ZFH.TO has a 0.40% expense ratio, which is lower than HYSD's 0.44% expense ratio.
Dividends
ZFH.TO vs. HYSD - Dividend Comparison
ZFH.TO's dividend yield for the trailing twelve months is around 5.17%, less than HYSD's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYSD Columbia Short Duration High Yield ETF | 5.82% | 5.60% | 1.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZFH.TO BMO Floating Rate High Yield ETF | 5.17% | 5.58% | 7.82% | 7.07% | 4.81% | 4.54% | 4.57% | 4.32% | 4.51% | 4.64% | 4.70% | 5.01% |
Frequently Asked Questions
ZFH.TO and HYSD have a correlation of -0.04, 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 0.44% for HYSD.
They also come from different issuers: BMO and Columbia. Their fees differ too: 0.40% for ZFH.TO and 0.44% for HYSD.
Find the right allocation for ZFH.TO and HYSD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer