ZQB.TO vs. FLCI.TO
ZQB.TO (BMO High Quality Corporate Bond Index ETF) and FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) are both Corporate Bonds funds. Over the past 5 years, ZQB.TO returned 2.46%/yr vs 2.58%/yr for FLCI.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
ZQB.TO vs. FLCI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZQB.TO achieves a 1.59% return, which is significantly lower than FLCI.TO's 2.41% 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*
- —
FLCI.TO
- 1D
- 0.45%
- 1M
- 0.67%
- YTD
- 2.41%
- 6M
- 2.69%
- 1Y
- 4.98%
- 3Y*
- 7.10%
- 5Y*
- 2.58%
- 10Y*
- —
ZQB.TO vs. FLCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.59% | 4.80% | 6.78% | 6.49% | -5.39% | -2.02% | 5.33% |
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 2.41% | 4.88% | 8.03% | 8.31% | -10.13% | -1.62% | 5.47% |
Correlation
The correlation between ZQB.TO and FLCI.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.32 |
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Return for Risk
ZQB.TO vs. FLCI.TO — Risk / Return Rank
ZQB.TO
FLCI.TO
ZQB.TO vs. FLCI.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 Franklin Canadian Corporate Bond Fund ETF (FLCI.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 | FLCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.20 | -0.07 |
| Martin ratioReturn relative to average drawdown | 7.54 | 6.20 | +1.33 |
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Drawdowns
ZQB.TO vs. FLCI.TO - Drawdown Comparison
The maximum ZQB.TO drawdown since its inception was -10.18%, smaller than the maximum FLCI.TO drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and FLCI.TO.
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Drawdown Indicators
| ZQB.TO | FLCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -17.51% | +7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.27% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -3.31% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -9.64% | -14.63% | +4.99% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -3.30% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.82% | -0.31% |
Volatility
ZQB.TO vs. FLCI.TO - Volatility Comparison
The current volatility for BMO High Quality Corporate Bond Index ETF (ZQB.TO) is 0.70%, while Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a volatility of 1.31%. This indicates that ZQB.TO experiences smaller price fluctuations and is considered to be less risky than FLCI.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 | FLCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.31% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 2.99% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 3.97% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 5.64% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 6.47% | -2.29% |
Dividends
ZQB.TO vs. FLCI.TO - Dividend Comparison
ZQB.TO's dividend yield for the trailing twelve months is around 3.92%, less than FLCI.TO's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.41% | 4.26% | 4.41% | 4.09% | 4.95% | 3.07% | 2.99% | 3.68% | 3.87% | 0.84% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.92% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZQB.TO and FLCI.TO have a correlation of 0.41, 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 Franklin.
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