ZSB.TO vs. XSTH.TO
Compare and contrast key facts about BMO Short-Term Bond Index ETF (ZSB.TO) and iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO).
ZSB.TO and XSTH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSB.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Short Term Overall Bond Index. It was launched on Mar 1, 2018. XSTH.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 ZSB.TO and XSTH.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
ZSB.TO vs. XSTH.TO - Performance Comparison
Loading graphics...
ZSB.TO vs. XSTH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZSB.TO BMO Short-Term Bond Index ETF | 0.26% | 3.77% | 5.55% | 5.05% | -4.08% | -0.72% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 0.60% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
Returns By Period
In the year-to-date period, ZSB.TO achieves a 0.26% return, which is significantly lower than XSTH.TO's 0.60% return.
ZSB.TO
- 1D
- 0.23%
- 1M
- -0.90%
- YTD
- 0.26%
- 6M
- 0.64%
- 1Y
- 2.40%
- 3Y*
- 4.25%
- 5Y*
- 1.91%
- 10Y*
- —
XSTH.TO
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 0.60%
- 6M
- 0.52%
- 1Y
- 2.06%
- 3Y*
- 3.37%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ZSB.TO vs. XSTH.TO - Expense Ratio Comparison
ZSB.TO has a 0.10% expense ratio, which is lower than XSTH.TO's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ZSB.TO vs. XSTH.TO — Risk / Return Rank
ZSB.TO
XSTH.TO
ZSB.TO vs. XSTH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Short-Term Bond Index ETF (ZSB.TO) and iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.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.
| ZSB.TO | XSTH.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.85 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.72 | 1.25 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.49 | +0.19 |
Martin ratioReturn relative to average drawdown | 6.82 | 4.79 | +2.03 |
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
| ZSB.TO | XSTH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.85 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.61 | +0.27 |
Correlation
The correlation between ZSB.TO and XSTH.TO is 0.32, 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
ZSB.TO vs. XSTH.TO - Dividend Comparison
ZSB.TO's dividend yield for the trailing twelve months is around 3.20%, less than XSTH.TO's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZSB.TO BMO Short-Term Bond Index ETF | 3.20% | 3.16% | 2.91% | 2.54% | 2.60% | 2.43% | 2.34% | 2.40% | 2.42% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 4.00% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZSB.TO vs. XSTH.TO - Drawdown Comparison
The maximum ZSB.TO drawdown since its inception was -7.49%, which is greater than XSTH.TO's maximum drawdown of -5.98%. Use the drawdown chart below to compare losses from any high point for ZSB.TO and XSTH.TO.
Loading graphics...
Drawdown Indicators
| ZSB.TO | XSTH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.49% | -5.98% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -1.49% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.19% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -1.61% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.46% | -0.10% |
Volatility
ZSB.TO vs. XSTH.TO - Volatility Comparison
BMO Short-Term Bond Index ETF (ZSB.TO) has a higher volatility of 0.96% compared to iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) at 0.62%. This indicates that ZSB.TO's price experiences larger fluctuations and is considered to be riskier than XSTH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ZSB.TO | XSTH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.62% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 1.66% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 2.43% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 3.69% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.63% | 3.69% | -1.06% |