ZFH.TO vs. VAB.TO
Compare and contrast key facts about BMO Floating Rate High Yield ETF (ZFH.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.TO).
ZFH.TO and VAB.TO 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. VAB.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian Float Adjusted Bond Index. It was launched on Nov 30, 2011.
Performance
ZFH.TO vs. VAB.TO - Performance Comparison
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ZFH.TO vs. VAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZFH.TO BMO Floating Rate High Yield ETF | -1.23% | 5.53% | 11.55% | 13.55% | -0.94% | 4.73% | -3.93% | 11.12% | 0.72% | 5.39% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 0.13% | 2.28% | 3.98% | 6.90% | -11.86% | -2.88% | 8.26% | 6.77% | 1.13% | 2.30% |
Returns By Period
In the year-to-date period, ZFH.TO achieves a -1.23% return, which is significantly lower than VAB.TO's 0.13% return. Over the past 10 years, ZFH.TO has outperformed VAB.TO with an annualized return of 5.30%, while VAB.TO has yielded a comparatively lower 1.54% annualized 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%
VAB.TO
- 1D
- 0.00%
- 1M
- -1.51%
- YTD
- 0.13%
- 6M
- -0.09%
- 1Y
- 0.37%
- 3Y*
- 3.27%
- 5Y*
- 0.52%
- 10Y*
- 1.54%
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ZFH.TO vs. VAB.TO - Expense Ratio Comparison
ZFH.TO has a 0.40% expense ratio, which is higher than VAB.TO's 0.09% expense ratio.
Return for Risk
ZFH.TO vs. VAB.TO — Risk / Return Rank
ZFH.TO
VAB.TO
ZFH.TO vs. VAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Floating Rate High Yield ETF (ZFH.TO) and Vanguard Canadian Aggregate Bond Index ETF (VAB.TO). 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 | VAB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.08 | +0.81 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.13 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.20 | +0.99 |
Martin ratioReturn relative to average drawdown | 4.63 | 0.40 | +4.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZFH.TO | VAB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.08 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.08 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.24 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.38 | +0.23 |
Correlation
The correlation between ZFH.TO and VAB.TO is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ZFH.TO vs. VAB.TO - Dividend Comparison
ZFH.TO's dividend yield for the trailing twelve months is around 5.42%, more than VAB.TO's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 3.34% | 3.33% | 3.19% | 2.95% | 2.87% | 2.48% | 2.50% | 2.65% | 2.79% | 2.77% | 2.75% | 2.78% |
Drawdowns
ZFH.TO vs. VAB.TO - Drawdown Comparison
The maximum ZFH.TO drawdown since its inception was -20.98%, which is greater than VAB.TO's maximum drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for ZFH.TO and VAB.TO.
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Drawdown Indicators
| ZFH.TO | VAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -18.39% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -2.86% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -15.82% | +6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | -18.39% | -2.59% |
Current DrawdownCurrent decline from peak | -2.61% | -3.36% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -4.13% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.41% | -0.32% |
Volatility
ZFH.TO vs. VAB.TO - Volatility Comparison
The current volatility for BMO Floating Rate High Yield ETF (ZFH.TO) is 1.61%, while Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) has a volatility of 2.02%. This indicates that ZFH.TO experiences smaller price fluctuations and is considered to be less risky than VAB.TO 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 | VAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 2.02% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 3.06% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 4.65% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 6.54% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 6.46% | +1.92% |