ZFH.TO vs. MYHA

Last updated Jul 15, 2026

ZFH.TO (BMO Floating Rate High Yield ETF) and MYHA (State Street My2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. ZFH.TO charges 0.40%/yr vs 0.39%/yr for MYHA.

Performance

ZFH.TO vs. MYHA - 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 State Street My2027 High Yield Corporate Bond ETF (MYHA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ZFH.TO is traded in CAD, while MYHA is traded in USD. To make them comparable, the MYHA values have been converted to CAD using the latest available exchange rates.

Returns By Period

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%

MYHA

• 1D: -0.03%
• 1M: 1.55%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZFH.TO vs. MYHA - Yearly Performance Comparison

	2026 (YTD)
ZFH.TO BMO Floating Rate High Yield ETF	2.44%
MYHA State Street My2027 High Yield Corporate Bond ETF	5.09%

Correlation

The correlation between ZFH.TO and MYHA 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 (All Time) Calculated using the full available price history since Feb 26, 2026	-0.07

Return for Risk

ZFH.TO vs. MYHA — 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: 40
ZFH.TO Sharpe Ratio Rank: 43
ZFH.TO Sortino Ratio Rank: 41
ZFH.TO Omega Ratio Rank: 44
ZFH.TO Calmar Ratio Rank: 33
ZFH.TO Martin Ratio Rank: 39

MYHA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. MYHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and State Street My2027 High Yield Corporate Bond ETF (MYHA). 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	MYHA	Difference
Sharpe ratio: Return per unit of total volatility	1.22	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.40	—	—
Martin ratio: Return relative to average drawdown	4.84	—	—

Drawdowns

ZFH.TO vs. MYHA - Drawdown Comparison

The maximum ZFH.TO drawdown since its inception was -21.41%, which is greater than MYHA's maximum drawdown of -1.95%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and MYHA.

Drawdown Indicators

	ZFH.TO	MYHA	Difference
Max Drawdown Largest peak-to-trough decline	-21.41%	-1.95%	-19.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.27%	—	—
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 Drawdown Current decline from peak	-0.26%	-0.38%	+0.12%
Average Drawdown Average peak-to-trough decline	-2.05%	-0.48%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	ZFH.TO	MYHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	4.20%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.11%	4.20%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.43%	4.20%	+5.23%

ZFH.TO vs. MYHA - Expense Ratio Comparison

ZFH.TO has a 0.40% expense ratio, which is higher than MYHA's 0.39% expense ratio.

Dividends

ZFH.TO vs. MYHA - Dividend Comparison

ZFH.TO's dividend yield for the trailing twelve months is around 5.17%, more than MYHA's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MYHA State Street My2027 High Yield Corporate Bond ETF	2.06%	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	5.17%	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

Can I hold both ZFH.TO and MYHA in my portfolio?

ZFH.TO and MYHA 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.

Which ETF is better, ZFH.TO or MYHA?

On fees, MYHA is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZFH.TO or MYHA?

MYHA is cheaper with a 0.39% expense ratio, compared with 0.40% for ZFH.TO.

What is the main difference between ZFH.TO and MYHA?

They also come from different issuers: BMO and State Street. Their fees differ too: 0.40% for ZFH.TO and 0.39% for MYHA.