ZJG.TO vs. BND.TO

Last updated Jun 5, 2026

ZJG.TO (BMO Junior Gold Index ETF) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - ZJG.TO is a Precious Metals fund tracking the Dow Jones North America Select Junior Gold Index, while BND.TO is a fund fund. Over the past 10 years, ZJG.TO returned 16.00%/yr vs 3.03%/yr for BND.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

ZJG.TO vs. BND.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Junior Gold Index ETF (ZJG.TO) and Purpose Global Bond Fund (BND.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZJG.TO achieves a 3.21% return, which is significantly higher than BND.TO's 1.23% return. Over the past 10 years, ZJG.TO has outperformed BND.TO with an annualized return of 16.00%, while BND.TO has yielded a comparatively lower 3.03% annualized return.

ZJG.TO

• 1D: 1.65%
• 1M: 2.45%
• YTD: 3.21%
• 6M: 9.69%
• 1Y: 73.05%
• 3Y*: 51.42%
• 5Y*: 27.40%
• 10Y*: 16.00%

BND.TO

• 1D: 0.34%
• 1M: 0.91%
• YTD: 1.23%
• 6M: 1.44%
• 1Y: 6.05%
• 3Y*: 7.30%
• 5Y*: 3.34%
• 10Y*: 3.03%

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

ZJG.TO vs. BND.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZJG.TO BMO Junior Gold Index ETF	3.21%	154.66%	36.44%	6.11%	-0.89%	-16.72%	24.40%	42.01%	-18.76%	11.85%
BND.TO Purpose Global Bond Fund	1.23%	7.23%	7.49%	8.45%	-7.80%	2.85%	6.14%	4.16%	-0.91%	1.72%

Correlation

The correlation between ZJG.TO and BND.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Oct 29, 2015	0.09

ZJG.TO vs. BND.TO - Sectors Allocation Comparison

Sectors	ZJG.TO	BND.TO
Basic Materials	100.0%	-
Communication Services	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

ZJG.TO vs. BND.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZJG.TO

ZJG.TO Risk / Return Rank: 43
ZJG.TO Sharpe Ratio Rank: 46
ZJG.TO Sortino Ratio Rank: 39
ZJG.TO Omega Ratio Rank: 45
ZJG.TO Calmar Ratio Rank: 47
ZJG.TO Martin Ratio Rank: 37

BND.TO

BND.TO Risk / Return Rank: 57
BND.TO Sharpe Ratio Rank: 60
BND.TO Sortino Ratio Rank: 63
BND.TO Omega Ratio Rank: 63
BND.TO Calmar Ratio Rank: 44
BND.TO Martin Ratio Rank: 52

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.

ZJG.TO vs. BND.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Junior Gold Index ETF (ZJG.TO) and Purpose Global Bond Fund (BND.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.

	ZJG.TO	BND.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.99	-0.41
Sortino ratio: Return per unit of downside risk	1.96	2.89	-0.93
Omega ratio: Gain probability vs. loss probability	1.28	1.38	-0.09
Calmar ratio: Return relative to maximum drawdown	2.29	2.14	+0.16
Martin ratio: Return relative to average drawdown	5.63	8.74	-3.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZJG.TO vs. BND.TO - Sharpe Ratio Comparison

The current ZJG.TO Sharpe Ratio is 1.59, which is comparable to the BND.TO Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of ZJG.TO and BND.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZJG.TO	BND.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.99	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.66	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.59	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.62	-0.45

Drawdowns

ZJG.TO vs. BND.TO - Drawdown Comparison

The maximum ZJG.TO drawdown since its inception was -81.59%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for ZJG.TO and BND.TO.

Drawdown Indicators

	ZJG.TO	BND.TO	Difference
Max Drawdown Largest peak-to-trough decline	-81.59%	-16.55%	-65.04%
Max Drawdown (1Y) Largest decline over 1 year	-32.02%	-2.84%	-29.18%
Max Drawdown (3Y) Largest decline over 3 years	-32.02%	-4.46%	-27.56%
Max Drawdown (5Y) Largest decline over 5 years	-41.63%	-12.23%	-29.40%
Max Drawdown (10Y) Largest decline over 10 years	-48.58%	-16.55%	-32.03%
Current Drawdown Current decline from peak	-27.16%	-0.11%	-27.05%
Average Drawdown Average peak-to-trough decline	-49.08%	-2.07%	-47.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	0.69%	+12.34%

Volatility

ZJG.TO vs. BND.TO - Volatility Comparison

BMO Junior Gold Index ETF (ZJG.TO) has a higher volatility of 15.98% compared to Purpose Global Bond Fund (BND.TO) at 1.38%. This indicates that ZJG.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZJG.TO	BND.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.98%	1.38%	+14.60%
Volatility (6M) Calculated over the trailing 6-month period	37.88%	2.55%	+35.33%
Volatility (1Y) Calculated over the trailing 1-year period	46.27%	3.07%	+43.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.27%	5.10%	+31.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.99%	5.15%	+32.84%

Dividends

ZJG.TO vs. BND.TO - Dividend Comparison

ZJG.TO's dividend yield for the trailing twelve months is around 0.11%, less than BND.TO's 5.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND.TO Purpose Global Bond Fund	5.84%	5.70%	5.24%	5.20%	4.14%	3.89%	3.48%	3.11%	3.96%	3.47%	3.26%	0.53%
ZJG.TO BMO Junior Gold Index ETF	0.11%	0.12%	0.68%	0.90%	0.83%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZJG.TO and BND.TO in my portfolio?

ZJG.TO and BND.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.