ZST.TO vs. FTS.TO
ZST.TO (BMO Ultra Short-Term Bond ETF) is Canadian Government Bonds fund actively managed by BMO, while FTS.TO (Fortis Inc.) is a stock. Over the past 10 years, ZST.TO returned 2.38%/yr vs 10.80%/yr for FTS.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
ZST.TO vs. FTS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZST.TO achieves a 1.16% return, which is significantly lower than FTS.TO's 13.43% return. Over the past 10 years, ZST.TO has underperformed FTS.TO with an annualized return of 2.38%, while FTS.TO has yielded a comparatively higher 10.80% annualized return.
ZST.TO
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.16%
- 6M
- 0.31%
- 1Y
- 1.72%
- 3Y*
- 3.89%
- 5Y*
- 3.00%
- 10Y*
- 2.38%
FTS.TO
- 1D
- 0.99%
- 1M
- 5.79%
- YTD
- 13.43%
- 6M
- 15.37%
- 1Y
- 25.87%
- 3Y*
- 16.29%
- 5Y*
- 11.27%
- 10Y*
- 10.80%
ZST.TO vs. FTS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZST.TO BMO Ultra Short-Term Bond ETF | 1.16% | 2.06% | 5.21% | 5.38% | 1.22% | 0.24% | 1.77% | 2.39% | 1.99% | 1.47% |
FTS.TO Fortis Inc. | 13.43% | 23.93% | 14.24% | 4.76% | -7.87% | 21.81% | 0.04% | 22.71% | 2.74% | 15.29% |
Correlation
The correlation between ZST.TO and FTS.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2011 | 0.07 |
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Return for Risk
ZST.TO vs. FTS.TO — Risk / Return Rank
ZST.TO
FTS.TO
ZST.TO vs. FTS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Ultra Short-Term Bond ETF (ZST.TO) and Fortis Inc. (FTS.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.
| ZST.TO | FTS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.36 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.33 | -2.61 |
| Martin ratioReturn relative to average drawdown | 4.62 | 10.47 | -5.85 |
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Drawdowns
ZST.TO vs. FTS.TO - Drawdown Comparison
The maximum ZST.TO drawdown since its inception was -3.60%, smaller than the maximum FTS.TO drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for ZST.TO and FTS.TO.
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Drawdown Indicators
| ZST.TO | FTS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.60% | -28.27% | +24.67% |
Max Drawdown (1Y)Largest decline over 1 year | -1.01% | -6.09% | +5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.01% | -10.97% | +9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -1.01% | -24.01% | +23.00% |
Max Drawdown (10Y)Largest decline over 10 years | -1.06% | -28.27% | +27.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.58% | -5.71% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 2.51% | -2.14% |
Volatility
ZST.TO vs. FTS.TO - Volatility Comparison
The current volatility for BMO Ultra Short-Term Bond ETF (ZST.TO) is 0.08%, while Fortis Inc. (FTS.TO) has a volatility of 4.96%. This indicates that ZST.TO experiences smaller price fluctuations and is considered to be less risky than FTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZST.TO | FTS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 4.96% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 10.44% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 13.12% | -12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.72% | 14.45% | -13.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.71% | 16.86% | -16.15% |
Dividends
ZST.TO vs. FTS.TO - Dividend Comparison
ZST.TO's dividend yield for the trailing twelve months is around 2.56%, less than FTS.TO's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTS.TO Fortis Inc. | 3.18% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
ZST.TO BMO Ultra Short-Term Bond ETF | 2.56% | 2.85% | 4.70% | 4.84% | 2.78% | 2.31% | 2.68% | 2.84% | 3.47% | 4.09% | 3.96% | 3.94% |
Frequently Asked Questions
ZST.TO and FTS.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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