PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZQB.TO vs. PSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZQB.TO vs. PSB.TO

Last updated Jul 17, 2026
Documentation

ZQB.TO (BMO High Quality Corporate Bond Index ETF) and PSB.TO (Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, ZQB.TO returned 2.53%/yr vs 2.95%/yr for PSB.TO. At a 0.34 correlation, their price movements are largely independent.

Performance

ZQB.TO vs. PSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO High Quality Corporate Bond Index ETF (ZQB.TO) and Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ZQB.TO achieves a 1.35% return, which is significantly lower than PSB.TO's 1.60% 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*
—

PSB.TO

1D
0.00%
1M
-0.01%
6M
1.04%
YTD
1.60%
1Y
4.17%
3Y*
6.10%
5Y*
2.95%
10Y*
2.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZQB.TO vs. PSB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ZQB.TO
BMO High Quality Corporate Bond Index ETF		1.35%4.80%6.78%6.49%-5.39%-2.02%5.33%
PSB.TO
Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF		1.60%4.68%7.08%6.44%-3.89%-0.97%4.95%

Correlation

The correlation between ZQB.TO and PSB.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Feb 12, 2020

0.34

The correlation between ZQB.TO and PSB.TO shifts across timeframes, from 0.34 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO High Quality Corporate Bond Index ETF

Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF

Often compared with ZQB.TO:
ZQB.TO vs. CACB.TOZQB.TO vs. XCB.TOZQB.TO vs. ESGB.TOZQB.TO vs. FIG.TOZQB.TO vs. ZMU.TOZQB.TO vs. ESGF.TOZQB.TO vs. FCSB.NEO
Often compared with PSB.TO:
PSB.TO vs. QQC-F.TOPSB.TO vs. ESG.TOPSB.TO vs. ZIC.TOPSB.TO vs. ESGC.TOPSB.TO vs. XHB.TOPSB.TO vs. EQLI.TOPSB.TO vs. EQL.TO

Return for Risk

ZQB.TO vs. PSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZQB.TO
ZQB.TO Risk / Return Rank: 6565
Overall Rank
ZQB.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ZQB.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
ZQB.TO Omega Ratio Rank: 7777
Omega Ratio Rank
ZQB.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
ZQB.TO Martin Ratio Rank: 5656
Martin Ratio Rank
PSB.TO
PSB.TO Risk / Return Rank: 6161
Overall Rank
PSB.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
PSB.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
PSB.TO Omega Ratio Rank: 5454
Omega Ratio Rank
PSB.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
PSB.TO Martin Ratio Rank: 6666
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZQB.TO vs. PSB.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 Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.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.TOPSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.79
1.53

+0.27

Sortino ratioReturn per unit of downside risk
2.56
2.16

+0.40

Omega ratioGain probability vs. loss probability

1.36

1.28

+0.09

Calmar ratioReturn relative to maximum drawdown

2.19

3.03

-0.84

Martin ratioReturn relative to average drawdown

7.69

9.25

-1.56

ZQB.TO vs. PSB.TO - Sharpe Ratio Comparison

The current ZQB.TO Sharpe Ratio is 1.79, which is comparable to the PSB.TO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of ZQB.TO and PSB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ZQB.TO vs. PSB.TO - Drawdown Comparison

The maximum ZQB.TO drawdown since its inception was -10.18%, smaller than the maximum PSB.TO drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and PSB.TO.

Loading charts...

Drawdown Indicators

ZQB.TOPSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-10.18%

-13.24%

+3.06%

Max Drawdown (1Y)

Largest decline over 1 year

-1.79%

-1.38%

-0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-1.79%

-1.89%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-9.64%

-7.93%

-1.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.24%

—

Current Drawdown

Current decline from peak

-0.45%

-0.17%

-0.28%

Average Drawdown

Average peak-to-trough decline

-2.33%

-1.00%

-1.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.51%

0.45%

+0.06%

Volatility

ZQB.TO vs. PSB.TO - Volatility Comparison

BMO High Quality Corporate Bond Index ETF (ZQB.TO) and Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) have volatilities of 0.68% and 0.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ZQB.TOPSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.68%

0.67%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

1.80%

1.96%

-0.16%

Volatility (1Y)

Calculated over the trailing 1-year period

2.20%

2.75%

-0.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.50%

3.32%

+0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.17%

4.85%

-0.68%

Dividends

ZQB.TO vs. PSB.TO - Dividend Comparison

ZQB.TO's dividend yield for the trailing twelve months is around 3.93%, more than PSB.TO's 3.20% yield.

PositionTTM20252024202320222021202020192018201720162015
PSB.TO
Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF		3.20%3.18%3.12%3.09%3.13%2.91%2.74%3.00%3.37%3.61%4.01%4.04%
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 PSB.TO have a correlation of 0.38, 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 Invesco.

Portfolio Optimizer

Find the right allocation for ZQB.TO and PSB.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