ZLC.TO vs. ZNQ.TO
Compare and contrast key facts about BMO Long Corporate Bond Index ETF (ZLC.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.TO).
ZLC.TO and ZNQ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZLC.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Long Term Corporate Bond Index. It was launched on Jan 19, 2010. ZNQ.TO is a passively managed fund by BMO that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 11, 2019. Both ZLC.TO and ZNQ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZLC.TO vs. ZNQ.TO - Performance Comparison
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ZLC.TO vs. ZNQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZLC.TO BMO Long Corporate Bond Index ETF | -0.70% | 2.38% | 4.69% | 11.50% | -18.31% | -3.20% | 9.51% | 11.57% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | -4.69% | 14.60% | 35.84% | 51.32% | -28.06% | 26.59% | 44.65% | 22.90% |
Returns By Period
In the year-to-date period, ZLC.TO achieves a -0.70% return, which is significantly higher than ZNQ.TO's -4.69% return.
ZLC.TO
- 1D
- 0.00%
- 1M
- -3.64%
- YTD
- -0.70%
- 6M
- -1.03%
- 1Y
- 0.05%
- 3Y*
- 4.44%
- 5Y*
- 0.39%
- 10Y*
- 2.62%
ZNQ.TO
- 1D
- 3.23%
- 1M
- -2.99%
- YTD
- -4.69%
- 6M
- -4.08%
- 1Y
- 19.05%
- 3Y*
- 23.10%
- 5Y*
- 14.86%
- 10Y*
- —
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ZLC.TO vs. ZNQ.TO - Expense Ratio Comparison
ZLC.TO has a 0.33% expense ratio, which is lower than ZNQ.TO's 0.39% expense ratio.
Return for Risk
ZLC.TO vs. ZNQ.TO — Risk / Return Rank
ZLC.TO
ZNQ.TO
ZLC.TO vs. ZNQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Long Corporate Bond Index ETF (ZLC.TO) and BMO NASDAQ 100 Equity Index ETF (ZNQ.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.
| ZLC.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.01 | 0.85 | -0.84 |
Sortino ratioReturn per unit of downside risk | 0.06 | 1.30 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.49 | -1.37 |
Martin ratioReturn relative to average drawdown | 0.27 | 4.40 | -4.13 |
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
| ZLC.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 0.85 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.72 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.89 | -0.43 |
Correlation
The correlation between ZLC.TO and ZNQ.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZLC.TO vs. ZNQ.TO - Dividend Comparison
ZLC.TO's dividend yield for the trailing twelve months is around 4.74%, more than ZNQ.TO's 0.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZLC.TO BMO Long Corporate Bond Index ETF | 4.74% | 4.75% | 4.70% | 5.01% | 5.30% | 4.12% | 3.82% | 4.02% | 4.26% | 4.01% | 4.33% | 4.53% |
ZNQ.TO BMO NASDAQ 100 Equity Index ETF | 0.26% | 0.25% | 0.30% | 0.35% | 0.23% | 0.12% | 0.47% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZLC.TO vs. ZNQ.TO - Drawdown Comparison
The maximum ZLC.TO drawdown since its inception was -28.61%, smaller than the maximum ZNQ.TO drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for ZLC.TO and ZNQ.TO.
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Drawdown Indicators
| ZLC.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.61% | -32.09% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -13.03% | +7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -32.09% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -28.61% | — | — |
Current DrawdownCurrent decline from peak | -7.27% | -9.67% | +2.40% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -6.76% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 4.42% | -2.09% |
Volatility
ZLC.TO vs. ZNQ.TO - Volatility Comparison
The current volatility for BMO Long Corporate Bond Index ETF (ZLC.TO) is 3.19%, while BMO NASDAQ 100 Equity Index ETF (ZNQ.TO) has a volatility of 6.36%. This indicates that ZLC.TO experiences smaller price fluctuations and is considered to be less risky than ZNQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZLC.TO | ZNQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 6.36% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 12.64% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.86% | 22.57% | -14.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 20.84% | -9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 22.46% | -11.61% |