ZQB.TO vs. DCC.TO
ZQB.TO (BMO High Quality Corporate Bond Index ETF) and DCC.TO (Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, ZQB.TO returned 2.53%/yr vs 2.70%/yr for DCC.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
ZQB.TO vs. DCC.TO - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with ZQB.TO at 1.35% and DCC.TO at 1.35%.
ZQB.TO
- 1D
- 0.00%
- 1M
- -0.26%
- 6M
- 1.07%
- YTD
- 1.35%
- 1Y
- 3.90%
- 3Y*
- 5.91%
- 5Y*
- 2.53%
- 10Y*
- —
DCC.TO
- 1D
- 0.10%
- 1M
- -0.20%
- 6M
- 0.72%
- YTD
- 1.35%
- 1Y
- 3.91%
- 3Y*
- 5.94%
- 5Y*
- 2.70%
- 10Y*
- —
ZQB.TO vs. DCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.35% | 4.80% | 6.78% | 6.49% | -5.39% | -2.02% | 5.33% |
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF | 1.35% | 4.65% | 6.97% | 6.59% | -4.65% | -1.47% | 5.24% |
Correlation
The correlation between ZQB.TO and DCC.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.33 |
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Return for Risk
ZQB.TO vs. DCC.TO — Risk / Return Rank
ZQB.TO
DCC.TO
ZQB.TO vs. DCC.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 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.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 | DCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.11 | +0.08 |
| Martin ratioReturn relative to average drawdown | 7.69 | 6.97 | +0.72 |
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Drawdowns
ZQB.TO vs. DCC.TO - Drawdown Comparison
The maximum ZQB.TO drawdown since its inception was -10.18%, which is greater than DCC.TO's maximum drawdown of -8.95%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and DCC.TO.
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Drawdown Indicators
| ZQB.TO | DCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -8.95% | -1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -1.73% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -1.73% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -9.64% | -8.45% | -1.19% |
Current DrawdownCurrent decline from peak | -0.45% | -0.52% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -1.62% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.52% | -0.01% |
Volatility
ZQB.TO vs. DCC.TO - Volatility Comparison
The current volatility for BMO High Quality Corporate Bond Index ETF (ZQB.TO) is 0.68%, while Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.TO) has a volatility of 0.82%. This indicates that ZQB.TO experiences smaller price fluctuations and is considered to be less risky than DCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZQB.TO | DCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.82% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 2.00% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.20% | 2.74% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.50% | 3.41% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 3.42% | +0.75% |
Dividends
ZQB.TO vs. DCC.TO - Dividend Comparison
ZQB.TO's dividend yield for the trailing twelve months is around 3.93%, more than DCC.TO's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF | 3.32% | 3.28% | 3.28% | 3.02% | 3.40% | 3.13% | 3.00% | 3.09% | 3.15% | 2.41% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.93% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZQB.TO and DCC.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.
They also come from different issuers: BMO and Desjardins.
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