ZQB.TO vs. HAB.TO
ZQB.TO (BMO High Quality Corporate Bond Index ETF) and HAB.TO (Global X Active Corporate Bond ETF) are both Corporate Bonds funds. Over the past 5 years, ZQB.TO returned 2.53%/yr vs 1.98%/yr for HAB.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
ZQB.TO vs. HAB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZQB.TO achieves a 1.35% return, which is significantly higher than HAB.TO's 0.81% return.
ZQB.TO
- 1D
- 0.00%
- 1M
- -0.26%
- 6M
- 1.07%
- YTD
- 1.35%
- 1Y
- 3.90%
- 3Y*
- 5.91%
- 5Y*
- 2.53%
- 10Y*
- —
HAB.TO
- 1D
- 0.00%
- 1M
- -1.13%
- 6M
- 0.71%
- YTD
- 0.81%
- 1Y
- 4.46%
- 3Y*
- 6.05%
- 5Y*
- 1.98%
- 10Y*
- 2.87%
ZQB.TO vs. HAB.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% |
HAB.TO Global X Active Corporate Bond ETF | 0.81% | 4.13% | 7.98% | 7.30% | -9.51% | -1.26% | 5.49% |
Correlation
The correlation between ZQB.TO and HAB.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
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 | 0.33 |
The correlation between ZQB.TO and HAB.TO shifts across timeframes, from 0.33 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZQB.TO vs. HAB.TO — Risk / Return Rank
ZQB.TO
HAB.TO
ZQB.TO vs. HAB.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 Global X Active Corporate Bond ETF (HAB.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 | HAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.82 | +0.37 |
| Martin ratioReturn relative to average drawdown | 7.69 | 4.76 | +2.93 |
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Drawdowns
ZQB.TO vs. HAB.TO - Drawdown Comparison
The maximum ZQB.TO drawdown since its inception was -10.18%, smaller than the maximum HAB.TO drawdown of -23.78%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and HAB.TO.
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Drawdown Indicators
| ZQB.TO | HAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -23.78% | +13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.46% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -3.28% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -9.64% | -14.20% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.78% | — |
Current DrawdownCurrent decline from peak | -0.45% | -1.32% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -2.58% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.94% | -0.43% |
Volatility
ZQB.TO vs. HAB.TO - Volatility Comparison
The current volatility for BMO High Quality Corporate Bond Index ETF (ZQB.TO) is 0.68%, while Global X Active Corporate Bond ETF (HAB.TO) has a volatility of 1.32%. This indicates that ZQB.TO experiences smaller price fluctuations and is considered to be less risky than HAB.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 | HAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.32% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 3.27% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.20% | 4.51% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.50% | 6.49% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 7.84% | -3.67% |
Dividends
ZQB.TO vs. HAB.TO - Dividend Comparison
ZQB.TO's dividend yield for the trailing twelve months is around 3.93%, less than HAB.TO's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 4.12% | 4.05% | 3.70% | 3.95% | 3.96% | 2.92% | 2.95% | 2.99% | 3.23% | 3.21% | 3.39% | 3.35% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ZQB.TO and HAB.TO have a correlation of 0.46, 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 Global X.
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