ZSDB.TO vs. VSC.TO
Compare and contrast key facts about BMO Short-Term Discount Bond ETF (ZSDB.TO) and Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO).
ZSDB.TO and VSC.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZSDB.TO is an actively managed fund by BMO. It was launched on Jan 24, 2022. VSC.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian 1-5 Year Corporate Float Adjusted Index. It was launched on Nov 2, 2012.
Performance
ZSDB.TO vs. VSC.TO - Performance Comparison
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ZSDB.TO vs. VSC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZSDB.TO BMO Short-Term Discount Bond ETF | 0.01% | 2.56% | 6.02% | 5.94% | -2.83% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 0.10% | 4.63% | 6.69% | 6.75% | -3.31% |
Returns By Period
In the year-to-date period, ZSDB.TO achieves a 0.01% return, which is significantly lower than VSC.TO's 0.10% return.
ZSDB.TO
- 1D
- 0.18%
- 1M
- -0.90%
- YTD
- 0.01%
- 6M
- -0.73%
- 1Y
- 0.96%
- 3Y*
- 4.44%
- 5Y*
- —
- 10Y*
- —
VSC.TO
- 1D
- 0.00%
- 1M
- -0.91%
- YTD
- 0.10%
- 6M
- 0.61%
- 1Y
- 3.13%
- 3Y*
- 5.38%
- 5Y*
- 2.64%
- 10Y*
- 2.72%
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ZSDB.TO vs. VSC.TO - Expense Ratio Comparison
ZSDB.TO has a 0.09% expense ratio, which is lower than VSC.TO's 0.11% 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
ZSDB.TO vs. VSC.TO — Risk / Return Rank
ZSDB.TO
VSC.TO
ZSDB.TO vs. VSC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Short-Term Discount Bond ETF (ZSDB.TO) and Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.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.
| ZSDB.TO | VSC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 1.53 | -1.11 |
Sortino ratioReturn per unit of downside risk | 0.50 | 2.09 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.05 | -1.50 |
Martin ratioReturn relative to average drawdown | 1.60 | 8.67 | -7.08 |
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
| ZSDB.TO | VSC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.53 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.98 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.59 | +0.47 |
Correlation
The correlation between ZSDB.TO and VSC.TO is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZSDB.TO vs. VSC.TO - Dividend Comparison
ZSDB.TO's dividend yield for the trailing twelve months is around 1.31%, less than VSC.TO's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZSDB.TO BMO Short-Term Discount Bond ETF | 1.31% | 1.28% | 1.33% | 1.75% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 3.97% | 3.61% | 3.54% | 3.14% | 2.85% | 2.59% | 2.64% | 2.71% | 2.77% | 2.75% | 2.89% | 3.05% |
Drawdowns
ZSDB.TO vs. VSC.TO - Drawdown Comparison
The maximum ZSDB.TO drawdown since its inception was -4.88%, smaller than the maximum VSC.TO drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for ZSDB.TO and VSC.TO.
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Drawdown Indicators
| ZSDB.TO | VSC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.88% | -15.87% | +10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -1.53% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.87% | — |
Current DrawdownCurrent decline from peak | -1.39% | -0.91% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -0.98% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.36% | +0.30% |
Volatility
ZSDB.TO vs. VSC.TO - Volatility Comparison
The current volatility for BMO Short-Term Discount Bond ETF (ZSDB.TO) is 0.92%, while Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO) has a volatility of 1.00%. This indicates that ZSDB.TO experiences smaller price fluctuations and is considered to be less risky than VSC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSDB.TO | VSC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.00% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.43% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.31% | 1.96% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.66% | 2.70% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.66% | 5.15% | -1.49% |