ZQB.TO vs. XIGS.TO
ZQB.TO (BMO High Quality Corporate Bond Index ETF) and XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) are both Corporate Bonds funds. Over the past 3 years, ZQB.TO returned 6.05%/yr vs 4.15%/yr for XIGS.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
ZQB.TO vs. XIGS.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 higher than XIGS.TO's 0.04% 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*
- —
XIGS.TO
- 1D
- -0.08%
- 1M
- -0.01%
- YTD
- 0.04%
- 6M
- -0.07%
- 1Y
- 1.85%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
ZQB.TO vs. XIGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZQB.TO BMO High Quality Corporate Bond Index ETF | 1.59% | 4.80% | 6.78% | 6.49% | -5.39% | -1.43% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 0.04% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
Correlation
The correlation between ZQB.TO and XIGS.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.42 |
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Return for Risk
ZQB.TO vs. XIGS.TO — Risk / Return Rank
ZQB.TO
XIGS.TO
ZQB.TO vs. XIGS.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 iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.16 | +0.97 |
| Martin ratioReturn relative to average drawdown | 7.54 | 3.25 | +4.28 |
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Drawdowns
ZQB.TO vs. XIGS.TO - Drawdown Comparison
The maximum ZQB.TO drawdown since its inception was -10.18%, roughly equal to the maximum XIGS.TO drawdown of -10.12%. Use the drawdown chart below to compare losses from any high point for ZQB.TO and XIGS.TO.
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Drawdown Indicators
| ZQB.TO | XIGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -10.12% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -1.60% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -1.60% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -9.64% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.68% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -2.89% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.57% | -0.06% |
Volatility
ZQB.TO vs. XIGS.TO - Volatility Comparison
BMO High Quality Corporate Bond Index ETF (ZQB.TO) has a higher volatility of 0.70% compared to iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) at 0.60%. This indicates that ZQB.TO's price experiences larger fluctuations and is considered to be riskier than XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.60% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 1.63% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 2.24% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 3.30% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 3.30% | +0.88% |
Dividends
ZQB.TO vs. XIGS.TO - Dividend Comparison
ZQB.TO's dividend yield for the trailing twelve months is around 3.92%, less than XIGS.TO's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.54% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% |
ZQB.TO BMO High Quality Corporate Bond Index ETF | 3.92% | 3.67% | 3.39% | 3.00% | 2.80% | 2.58% | 2.46% |
Frequently Asked Questions
ZQB.TO and XIGS.TO have a correlation of 0.45, 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 iShares.
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