ZRR.TO vs. XSTP.TO
Compare and contrast key facts about BMO Real Return Bond Index ETF (ZRR.TO) and iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO).
ZRR.TO and XSTP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZRR.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Real Return Federal Non-Agency Bond Index. It was launched on May 19, 2010. XSTP.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Core Bd GR CAD. It was launched on Jul 6, 2021. Both ZRR.TO and XSTP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZRR.TO vs. XSTP.TO - Performance Comparison
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ZRR.TO vs. XSTP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZRR.TO BMO Real Return Bond Index ETF | 1.34% | 0.12% | 4.03% | 0.41% | -14.56% | 6.36% |
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 2.42% | 0.64% | 13.59% | 2.31% | 9.51% | 4.71% |
Returns By Period
In the year-to-date period, ZRR.TO achieves a 1.34% return, which is significantly lower than XSTP.TO's 2.42% return.
ZRR.TO
- 1D
- 0.22%
- 1M
- -1.92%
- YTD
- 1.34%
- 6M
- -0.86%
- 1Y
- -1.41%
- 3Y*
- 2.27%
- 5Y*
- -0.09%
- 10Y*
- 1.20%
XSTP.TO
- 1D
- 0.00%
- 1M
- 2.14%
- YTD
- 2.42%
- 6M
- 0.89%
- 1Y
- 0.05%
- 3Y*
- 5.46%
- 5Y*
- —
- 10Y*
- —
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ZRR.TO vs. XSTP.TO - Expense Ratio Comparison
ZRR.TO has a 0.28% expense ratio, which is higher than XSTP.TO's 0.16% expense ratio.
Return for Risk
ZRR.TO vs. XSTP.TO — Risk / Return Rank
ZRR.TO
XSTP.TO
ZRR.TO vs. XSTP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Real Return Bond Index ETF (ZRR.TO) and iShares 0-5 Year TIPS Bond Index ETF (XSTP.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.
| ZRR.TO | XSTP.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | 0.01 | -0.20 |
Sortino ratioReturn per unit of downside risk | -0.21 | 0.05 | -0.26 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.13 | -0.19 |
Martin ratioReturn relative to average drawdown | -0.11 | 0.24 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZRR.TO | XSTP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.01 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.01 | -0.75 |
Correlation
The correlation between ZRR.TO and XSTP.TO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZRR.TO vs. XSTP.TO - Dividend Comparison
ZRR.TO's dividend yield for the trailing twelve months is around 4.35%, more than XSTP.TO's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZRR.TO BMO Real Return Bond Index ETF | 4.35% | 4.53% | 4.78% | 6.54% | 6.88% | 1.97% | 2.11% | 2.35% | 2.20% | 2.08% | 1.89% | 1.87% |
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 4.03% | 4.06% | 2.41% | 3.08% | 5.70% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZRR.TO vs. XSTP.TO - Drawdown Comparison
The maximum ZRR.TO drawdown since its inception was -23.84%, which is greater than XSTP.TO's maximum drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for ZRR.TO and XSTP.TO.
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Drawdown Indicators
| ZRR.TO | XSTP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -5.68% | -18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -5.05% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.84% | — | — |
Current DrawdownCurrent decline from peak | -9.45% | -1.22% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -1.66% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.91% | -0.02% |
Volatility
ZRR.TO vs. XSTP.TO - Volatility Comparison
BMO Real Return Bond Index ETF (ZRR.TO) has a higher volatility of 2.65% compared to iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) at 1.35%. This indicates that ZRR.TO's price experiences larger fluctuations and is considered to be riskier than XSTP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZRR.TO | XSTP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.35% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 3.96% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 5.67% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 7.18% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.52% | 7.18% | +3.34% |