ZIC.TO vs. HAB.TO
ZIC.TO (BMO Mid-Term US Investment Grade Corporate Bond Index ETF) and HAB.TO (Global X Active Corporate Bond ETF) are both Corporate Bonds funds. ZIC.TO is passively managed, while HAB.TO is actively managed. Over the past 10 years, ZIC.TO returned 3.33%/yr vs 2.90%/yr for HAB.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
ZIC.TO vs. HAB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZIC.TO achieves a 1.88% return, which is significantly higher than HAB.TO's 1.20% return. Over the past 10 years, ZIC.TO has outperformed HAB.TO with an annualized return of 3.33%, while HAB.TO has yielded a comparatively lower 2.90% annualized return.
ZIC.TO
- 1D
- 0.05%
- 1M
- -0.75%
- 6M
- 0.63%
- YTD
- 1.88%
- 1Y
- 6.39%
- 3Y*
- 7.81%
- 5Y*
- 2.86%
- 10Y*
- 3.33%
HAB.TO
- 1D
- 0.39%
- 1M
- -0.26%
- 6M
- 0.62%
- YTD
- 1.20%
- 1Y
- 4.56%
- 3Y*
- 6.15%
- 5Y*
- 2.06%
- 10Y*
- 2.90%
ZIC.TO vs. HAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZIC.TO BMO Mid-Term US Investment Grade Corporate Bond Index ETF | 1.88% | 4.46% | 11.87% | 6.34% | -8.92% | -1.35% | 6.52% | 9.04% | 6.41% | -1.25% |
HAB.TO Global X Active Corporate Bond ETF | 1.20% | 4.13% | 7.98% | 7.30% | -9.51% | -1.26% | 8.46% | 7.77% | 0.46% | 4.11% |
Correlation
The correlation between ZIC.TO and HAB.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2013 | 0.31 |
The correlation between ZIC.TO and HAB.TO shifts across timeframes, from 0.24 (1 year) to 0.37 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZIC.TO vs. HAB.TO — Risk / Return Rank
ZIC.TO
HAB.TO
ZIC.TO vs. HAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Mid-Term US Investment Grade Corporate Bond Index ETF (ZIC.TO) and Global X Active Corporate Bond ETF (HAB.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.
| ZIC.TO | HAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.86 | -0.28 |
| Martin ratioReturn relative to average drawdown | 3.38 | 4.86 | -1.47 |
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Drawdowns
ZIC.TO vs. HAB.TO - Drawdown Comparison
The maximum ZIC.TO drawdown since its inception was -19.48%, smaller than the maximum HAB.TO drawdown of -23.78%. Use the drawdown chart below to compare losses from any high point for ZIC.TO and HAB.TO.
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Drawdown Indicators
| ZIC.TO | HAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -23.78% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -2.46% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -3.28% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | -14.20% | -1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -19.48% | -23.78% | +4.30% |
Current DrawdownCurrent decline from peak | -2.38% | -0.93% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -2.58% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.94% | +0.95% |
Volatility
ZIC.TO vs. HAB.TO - Volatility Comparison
BMO Mid-Term US Investment Grade Corporate Bond Index ETF (ZIC.TO) has a higher volatility of 1.61% compared to Global X Active Corporate Bond ETF (HAB.TO) at 1.31%. This indicates that ZIC.TO's price experiences larger fluctuations and is considered to be riskier than HAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZIC.TO | HAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.31% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 3.26% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 4.53% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.92% | 6.49% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.85% | 7.84% | +1.01% |
Dividends
ZIC.TO vs. HAB.TO - Dividend Comparison
ZIC.TO's dividend yield for the trailing twelve months is around 4.36%, more than HAB.TO's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 4.10% | 4.05% | 3.70% | 3.95% | 3.96% | 2.92% | 2.95% | 2.99% | 3.23% | 3.21% | 3.39% | 3.35% |
ZIC.TO BMO Mid-Term US Investment Grade Corporate Bond Index ETF | 4.36% | 4.03% | 3.80% | 3.85% | 3.94% | 3.53% | 3.46% | 3.57% | 3.46% | 3.33% | 3.29% | 3.12% |
Frequently Asked Questions
ZIC.TO and HAB.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and Global X.
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