ZFH.TO vs. IBHD
ZFH.TO (BMO Floating Rate High Yield ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds. ZFH.TO is actively managed, while IBHD is passively managed. At a correlation of -0.17, they often move in opposite directions. ZFH.TO charges 0.40%/yr vs 0.35%/yr for IBHD.
Performance
ZFH.TO vs. IBHD - Performance Comparison
Loading charts...
Different Trading Currencies
ZFH.TO is traded in CAD, while IBHD is traded in USD. To make them comparable, the IBHD values have been converted to CAD using the latest available exchange rates.
Returns By Period
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%
IBHD
- 1D
- 0.41%
- 1M
- 2.00%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZFH.TO vs. IBHD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZFH.TO BMO Floating Rate High Yield ETF | 2.03% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 1.65% |
Correlation
The correlation between ZFH.TO and IBHD is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026 | -0.17 |
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. IBHD — Risk / Return Rank
ZFH.TO
IBHD
ZFH.TO vs. IBHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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 | IBHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | — | — |
| Martin ratioReturn relative to average drawdown | 6.33 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZFH.TO | IBHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
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 | 1.30 | -0.66 |
Drawdowns
ZFH.TO vs. IBHD - Drawdown Comparison
The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than IBHD's maximum drawdown of -2.45%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and IBHD.
Loading charts...
Drawdown Indicators
| ZFH.TO | IBHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -2.45% | -18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.19% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -0.87% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
ZFH.TO vs. IBHD - Volatility Comparison
Loading charts...
Volatility by Period
| ZFH.TO | IBHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.27% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.42% | 4.27% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 4.27% | +4.06% |
ZFH.TO vs. IBHD - Expense Ratio Comparison
ZFH.TO has a 0.40% expense ratio, which is higher than IBHD's 0.35% expense ratio.
Dividends
ZFH.TO vs. IBHD - Dividend Comparison
ZFH.TO's dividend yield for the trailing twelve months is around 5.21%, while IBHD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHD iShares iBonds 2024 Term High Yield & Income 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% |
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 IBHD have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBHD is cheaper with a 0.35% expense ratio, compared with 0.40% for ZFH.TO.
They also come from different issuers: BMO and iShares. Their fees differ too: 0.40% for ZFH.TO and 0.35% for IBHD.
Find the right allocation for ZFH.TO and IBHD
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