ZFH.TO vs. LDRH
ZFH.TO (BMO Floating Rate High Yield ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds. ZFH.TO is actively managed, while LDRH is passively managed. Over the past year, ZFH.TO returned 4.55% vs 9.30% for LDRH. At a 0.01 correlation, their price movements are largely independent. ZFH.TO charges 0.40%/yr vs 0.35%/yr for LDRH.
Performance
ZFH.TO vs. LDRH - Performance Comparison
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Different Trading Currencies
ZFH.TO is traded in CAD, while LDRH is traded in USD. To make them comparable, the LDRH 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 LDRH's 5.43% return.
ZFH.TO
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 1.97%
- YTD
- 2.58%
- 1Y
- 4.55%
- 3Y*
- 8.89%
- 5Y*
- 6.65%
- 10Y*
- 5.48%
LDRH
- 1D
- -0.01%
- 1M
- 1.36%
- 6M
- 3.85%
- YTD
- 5.43%
- 1Y
- 9.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZFH.TO vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZFH.TO BMO Floating Rate High Yield ETF | 2.58% | 5.61% | 0.73% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 5.43% | 2.29% | 3.69% |
Correlation
The correlation between ZFH.TO and LDRH is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.01 |
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Return for Risk
ZFH.TO vs. LDRH — Risk / Return Rank
ZFH.TO
LDRH
ZFH.TO vs. LDRH - 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 1-5 Year High Yield and Income Ladder ETF (LDRH). 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 | LDRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.69 | -1.29 |
| Martin ratioReturn relative to average drawdown | 4.84 | 7.28 | -2.44 |
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Drawdowns
ZFH.TO vs. LDRH - Drawdown Comparison
The maximum ZFH.TO drawdown since its inception was -21.41%, which is greater than LDRH's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and LDRH.
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Drawdown Indicators
| ZFH.TO | LDRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.41% | -6.84% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.27% | -3.47% | +0.20% |
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% | -0.69% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.10% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.28% | -0.34% |
Volatility
ZFH.TO vs. LDRH - Volatility Comparison
The current volatility for BMO Floating Rate High Yield ETF (ZFH.TO) is 0.57%, while iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) has a volatility of 1.29%. This indicates that ZFH.TO experiences smaller price fluctuations and is considered to be less risky than LDRH 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 | LDRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 1.29% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.70% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 5.01% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.11% | 6.61% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.43% | 6.61% | +2.82% |
ZFH.TO vs. LDRH - Expense Ratio Comparison
ZFH.TO has a 0.40% expense ratio, which is higher than LDRH's 0.35% expense ratio.
Dividends
ZFH.TO vs. LDRH - Dividend Comparison
ZFH.TO's dividend yield for the trailing twelve months is around 5.17%, less than LDRH's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.97% | 6.41% | 1.13% | 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 LDRH have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDRH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDRH 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 LDRH.
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