ZQB.TO vs. DCBC.TO
ZQB.TO (BMO High Quality Corporate Bond Index ETF) and DCBC.TO (Desjardins Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past year, ZQB.TO returned 3.80% vs 3.89% for DCBC.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
ZQB.TO vs. DCBC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZQB.TO achieves a 1.59% return, which is significantly lower than DCBC.TO's 2.37% return.
ZQB.TO
- 1D
- -0.17%
- 1M
- 0.26%
- YTD
- 1.59%
- 6M
- 1.56%
- 1Y
- 3.80%
- 3Y*
- 6.05%
- 5Y*
- 2.46%
- 10Y*
- —
DCBC.TO
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 2.37%
- 6M
- 2.18%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZQB.TO vs. DCBC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.59% | 4.80% | 6.44% |
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 2.37% | 3.94% | 6.62% |
Correlation
The correlation between ZQB.TO and DCBC.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZQB.TO vs. DCBC.TO — Risk / Return Rank
ZQB.TO
DCBC.TO
ZQB.TO vs. DCBC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO High Quality Corporate Bond Index ETF (ZQB.TO) and Desjardins Canadian Corporate Bond Index ETF (DCBC.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.
| ZQB.TO | DCBC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.52 | +0.61 |
| Martin ratioReturn relative to average drawdown | 7.54 | 4.85 | +2.69 |
Loading charts...
Drawdowns
ZQB.TO vs. DCBC.TO - Drawdown Comparison
The maximum ZQB.TO drawdown since its inception was -10.18%, which is greater than DCBC.TO's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and DCBC.TO.
Loading charts...
Drawdown Indicators
| ZQB.TO | DCBC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -3.12% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.57% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.64% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -0.62% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.82% | -0.31% |
Volatility
ZQB.TO vs. DCBC.TO - Volatility Comparison
The current volatility for BMO High Quality Corporate Bond Index ETF (ZQB.TO) is 0.70%, while Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) has a volatility of 1.04%. This indicates that ZQB.TO experiences smaller price fluctuations and is considered to be less risky than DCBC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZQB.TO | DCBC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.04% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 2.70% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 3.55% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 4.25% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 4.25% | -0.07% |
Dividends
ZQB.TO vs. DCBC.TO - Dividend Comparison
ZQB.TO's dividend yield for the trailing twelve months is around 3.92%, more than DCBC.TO's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DCBC.TO Desjardins Canadian Corporate Bond Index ETF | 3.76% | 3.55% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.92% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% |
Frequently Asked Questions
ZQB.TO and DCBC.TO have a correlation of 0.37, 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 Desjardins.
Find the right allocation for ZQB.TO and DCBC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer