ZSDB.TO vs. ZSU.TO
ZSDB.TO (BMO Short-Term Discount Bond ETF) and ZSU.TO (BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF) are both Short-Term Bond funds from BMO. Over the past year, ZSDB.TO returned 0.48% vs 2.06% for ZSU.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
ZSDB.TO vs. ZSU.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZSDB.TO achieves a 0.97% return, which is significantly higher than ZSU.TO's -0.12% return.
ZSDB.TO
- 1D
- 0.13%
- 1M
- -0.02%
- 6M
- 0.91%
- YTD
- 0.97%
- 1Y
- 0.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZSU.TO
- 1D
- 0.31%
- 1M
- 0.07%
- 6M
- -0.12%
- YTD
- -0.12%
- 1Y
- 2.06%
- 3Y*
- 4.00%
- 5Y*
- 1.20%
- 10Y*
- 1.67%
ZSDB.TO vs. ZSU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZSDB.TO BMO Short-Term Discount Bond ETF | 0.97% | 1.23% | 6.02% | 0.38% |
ZSU.TO BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | -0.12% | 4.61% | 3.84% | 0.08% |
Correlation
The correlation between ZSDB.TO and ZSU.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZSDB.TO vs. ZSU.TO — Risk / Return Rank
ZSDB.TO
ZSU.TO
ZSDB.TO vs. ZSU.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 BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU.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.
| ZSDB.TO | ZSU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.39 | -1.23 |
| Martin ratioReturn relative to average drawdown | 0.28 | 3.66 | -3.38 |
Loading charts...
Drawdowns
ZSDB.TO vs. ZSU.TO - Drawdown Comparison
The maximum ZSDB.TO drawdown since its inception was -3.20%, smaller than the maximum ZSU.TO drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for ZSDB.TO and ZSU.TO.
Loading charts...
Drawdown Indicators
| ZSDB.TO | ZSU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -12.35% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -1.49% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.35% | — |
Current DrawdownCurrent decline from peak | -1.73% | -0.70% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -1.62% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 0.56% | +1.18% |
Volatility
ZSDB.TO vs. ZSU.TO - Volatility Comparison
The current volatility for BMO Short-Term Discount Bond ETF (ZSDB.TO) is 0.50%, while BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU.TO) has a volatility of 0.66%. This indicates that ZSDB.TO experiences smaller price fluctuations and is considered to be less risky than ZSU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZSDB.TO | ZSU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.66% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 1.79% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 2.59% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 3.68% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.78% | 4.46% | -1.68% |
Dividends
ZSDB.TO vs. ZSU.TO - Dividend Comparison
ZSDB.TO's dividend yield for the trailing twelve months is around 1.35%, less than ZSU.TO's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZSDB.TO BMO Short-Term Discount Bond ETF | 1.35% | 1.29% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZSU.TO BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | 4.30% | 3.76% | 3.31% | 3.17% | 3.23% | 2.97% | 2.99% | 2.78% | 2.49% | 2.30% | 2.07% | 2.29% |
Frequently Asked Questions
ZSDB.TO and ZSU.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ZSDB.TO and ZSU.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer