ZRR.TO vs. ZTIP.TO
Compare and contrast key facts about BMO Real Return Bond Index ETF (ZRR.TO) and BMO Short-Term US TIPS Index ETF (ZTIP.TO).
ZRR.TO and ZTIP.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. ZTIP.TO is a passively managed fund by BMO that tracks the performance of the Bloomberg Barclays U.S. Government Inflation-Linked 0-5 Year Bond Index. It was launched on Jan 26, 2021. Both ZRR.TO and ZTIP.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. ZTIP.TO - Performance Comparison
Loading graphics...
ZRR.TO vs. ZTIP.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% | 3.90% |
ZTIP.TO BMO Short-Term US TIPS Index ETF | 2.50% | 1.12% | 13.84% | 1.93% | 3.96% | 4.47% |
Returns By Period
In the year-to-date period, ZRR.TO achieves a 1.34% return, which is significantly lower than ZTIP.TO's 2.50% 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%
ZTIP.TO
- 1D
- -0.06%
- 1M
- 1.99%
- YTD
- 2.50%
- 6M
- 1.44%
- 1Y
- 0.54%
- 3Y*
- 5.58%
- 5Y*
- 5.57%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZRR.TO vs. ZTIP.TO - Expense Ratio Comparison
ZRR.TO has a 0.28% expense ratio, which is higher than ZTIP.TO's 0.17% expense ratio.
Return for Risk
ZRR.TO vs. ZTIP.TO — Risk / Return Rank
ZRR.TO
ZTIP.TO
ZRR.TO vs. ZTIP.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 BMO Short-Term US TIPS Index ETF (ZTIP.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 | ZTIP.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | 0.10 | -0.29 |
Sortino ratioReturn per unit of downside risk | -0.21 | 0.16 | -0.37 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.21 | -0.27 |
Martin ratioReturn relative to average drawdown | -0.11 | 0.43 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ZRR.TO | ZTIP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.10 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.87 | -0.88 |
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 | 0.84 | -0.58 |
Correlation
The correlation between ZRR.TO and ZTIP.TO is 0.14, 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. ZTIP.TO - Dividend Comparison
ZRR.TO's dividend yield for the trailing twelve months is around 4.35%, more than ZTIP.TO's 3.46% 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% |
ZTIP.TO BMO Short-Term US TIPS Index ETF | 3.46% | 3.63% | 3.63% | 4.91% | 4.93% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZRR.TO vs. ZTIP.TO - Drawdown Comparison
The maximum ZRR.TO drawdown since its inception was -23.84%, which is greater than ZTIP.TO's maximum drawdown of -5.60%. Use the drawdown chart below to compare losses from any high point for ZRR.TO and ZTIP.TO.
Loading graphics...
Drawdown Indicators
| ZRR.TO | ZTIP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -5.60% | -18.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -5.59% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -5.60% | -18.24% |
Max Drawdown (10Y)Largest decline over 10 years | -23.84% | — | — |
Current DrawdownCurrent decline from peak | -9.45% | -0.20% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -6.65% | -1.56% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.72% | +0.17% |
Volatility
ZRR.TO vs. ZTIP.TO - Volatility Comparison
BMO Real Return Bond Index ETF (ZRR.TO) has a higher volatility of 2.65% compared to BMO Short-Term US TIPS Index ETF (ZTIP.TO) at 1.45%. This indicates that ZRR.TO's price experiences larger fluctuations and is considered to be riskier than ZTIP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ZRR.TO | ZTIP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.45% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 3.26% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 5.50% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.55% | 6.40% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.52% | 6.36% | +4.16% |