ZFN.TO vs. TF.TO
ZFN.TO (BMO SIA Focused North American Equity Fund) is Canada Equities fund actively managed by BMO, while TF.TO (Timbercreek Financial Corp.) is a stock. Over the past 5 years, ZFN.TO returned 12.50%/yr vs -0.32%/yr for TF.TO. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
ZFN.TO vs. TF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZFN.TO achieves a 1.20% return, which is significantly higher than TF.TO's -6.03% return.
ZFN.TO
- 1D
- 0.61%
- 1M
- -3.74%
- 6M
- -1.91%
- YTD
- 1.20%
- 1Y
- 13.73%
- 3Y*
- 15.87%
- 5Y*
- 12.50%
- 10Y*
- —
- ALL TIME*
- 11.09%
TF.TO
- 1D
- -1.83%
- 1M
- -6.49%
- 6M
- -9.69%
- YTD
- -6.03%
- 1Y
- -12.30%
- 3Y*
- 2.82%
- 5Y*
- -0.32%
- 10Y*
- 5.41%
- ALL TIME*
- 5.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.64M | CA$1.43M | CA$1.33M | |
| CA$170.59K | CA$152.77K | CA$257.53K |
ZFN.TO vs. TF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZFN.TO BMO SIA Focused North American Equity Fund | 1.20% | 12.52% | 36.74% | 9.08% | -3.72% | 16.80% | 7.05% | 10.34% | -1.06% |
TF.TO Timbercreek Financial Corp. | -6.03% | 6.58% | 16.09% | 3.20% | -19.62% | 19.59% | -5.44% | 22.00% | -1.69% |
Correlation
The correlation between ZFN.TO and TF.TO is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018 | 0.22 |
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Return for Risk
ZFN.TO vs. TF.TO — Risk / Return Rank
ZFN.TO
TF.TO
ZFN.TO vs. TF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO SIA Focused North American Equity Fund (ZFN.TO) and Timbercreek Financial Corp. (TF.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.
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.
| ZFN.TO | TF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.87 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | -0.82 | +1.58 |
| Martin ratioReturn relative to average drawdown | 1.75 | -1.70 | +3.45 |
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Drawdowns
ZFN.TO vs. TF.TO - Drawdown Comparison
The maximum ZFN.TO drawdown since its inception was -21.64%, smaller than the maximum TF.TO drawdown of -40.43%. Use the drawdown chart below to compare losses from any high point for ZFN.TO and TF.TO.
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Drawdown Indicators
| ZFN.TO | TF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -40.43% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -16.36% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -23.05% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -30.99% | +13.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.43% | — |
Current DrawdownCurrent decline from peak | -6.81% | -14.19% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -6.70% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 7.92% | -1.00% |
Volatility
ZFN.TO vs. TF.TO - Volatility Comparison
BMO SIA Focused North American Equity Fund (ZFN.TO) and Timbercreek Financial Corp. (TF.TO) have volatilities of 5.27% and 5.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZFN.TO | TF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 5.39% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 12.82% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 16.72% | +5.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 18.35% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 19.02% | -2.58% |
Dividends
ZFN.TO vs. TF.TO - Dividend Comparison
ZFN.TO's dividend yield for the trailing twelve months is around 0.49%, less than TF.TO's 11.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TF.TO Timbercreek Financial Corp. | 11.40% | 10.09% | 9.76% | 10.35% | 9.76% | 7.18% | 7.99% | 6.95% | 7.89% | 7.12% | 3.92% |
ZFN.TO BMO SIA Focused North American Equity Fund | 0.49% | 0.50% | 0.90% | 0.97% | 2.37% | 0.69% | 0.59% | 0.37% | 0.03% | 0.00% | 0.00% |
Frequently Asked Questions
ZFN.TO and TF.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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