ZQB.TO vs. RBO.TO
ZQB.TO (BMO High Quality Corporate Bond Index ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both Corporate Bonds funds. Over the past 5 years, ZQB.TO returned 2.51%/yr vs 2.30%/yr for RBO.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
ZQB.TO vs. RBO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZQB.TO achieves a 1.24% return, which is significantly lower than RBO.TO's 1.31% return.
ZQB.TO
- 1D
- -0.10%
- 1M
- -0.16%
- 6M
- 0.97%
- YTD
- 1.24%
- 1Y
- 3.87%
- 3Y*
- 5.87%
- 5Y*
- 2.51%
- 10Y*
- —
RBO.TO
- 1D
- 0.00%
- 1M
- -0.03%
- 6M
- 0.82%
- YTD
- 1.31%
- 1Y
- 3.34%
- 3Y*
- 5.31%
- 5Y*
- 2.30%
- 10Y*
- 2.38%
ZQB.TO vs. RBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.24% | 4.80% | 6.78% | 6.49% | -5.39% | -2.02% | 5.33% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.31% | 4.23% | 6.06% | 6.16% | -5.32% | -1.20% | 4.98% |
Correlation
The correlation between ZQB.TO and RBO.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020 | 0.34 |
The correlation between ZQB.TO and RBO.TO shifts across timeframes, from 0.34 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZQB.TO vs. RBO.TO — Risk / Return Rank
ZQB.TO
RBO.TO
ZQB.TO vs. RBO.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 RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.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 | RBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.92 | +0.25 |
| Martin ratioReturn relative to average drawdown | 7.60 | 6.92 | +0.69 |
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Drawdowns
ZQB.TO vs. RBO.TO - Drawdown Comparison
The maximum ZQB.TO drawdown since its inception was -10.18%, smaller than the maximum RBO.TO drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and RBO.TO.
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Drawdown Indicators
| ZQB.TO | RBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -20.46% | +10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -1.75% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -1.75% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -9.64% | -7.89% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.46% | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.27% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -1.34% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.48% | +0.03% |
Volatility
ZQB.TO vs. RBO.TO - Volatility Comparison
BMO High Quality Corporate Bond Index ETF (ZQB.TO) has a higher volatility of 0.66% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that ZQB.TO's price experiences larger fluctuations and is considered to be riskier than RBO.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 | RBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.41% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 1.81% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.19% | 2.18% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.50% | 2.95% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.17% | 7.74% | -3.57% |
Dividends
ZQB.TO vs. RBO.TO - Dividend Comparison
ZQB.TO's dividend yield for the trailing twelve months is around 3.94%, more than RBO.TO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 3.90% | 3.67% | 3.35% | 2.56% | 2.64% | 2.32% | 2.41% | 2.77% | 2.96% | 3.02% | 3.26% | 3.54% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.94% | 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 RBO.TO have a correlation of 0.48, 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 RBC.
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