ZST.TO vs. SGOV
Compare and contrast key facts about BMO Ultra Short-Term Bond ETF (ZST.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ZST.TO and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZST.TO is an actively managed fund by BMO. It was launched on Jan 27, 2011. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
ZST.TO vs. SGOV - Performance Comparison
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ZST.TO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZST.TO BMO Ultra Short-Term Bond ETF | 0.59% | 2.03% | 5.16% | 5.33% | 1.19% | 0.22% | 0.94% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.22% | -0.54% | 14.32% | 2.80% | 8.82% | -0.86% | -7.25% |
Different Trading Currencies
ZST.TO is traded in CAD, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZST.TO achieves a 0.59% return, which is significantly lower than SGOV's 2.22% return.
ZST.TO
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 0.59%
- 6M
- 0.20%
- 1Y
- 1.71%
- 3Y*
- 3.95%
- 5Y*
- 2.86%
- 10Y*
- 2.32%
SGOV
- 1D
- -0.11%
- 1M
- 2.27%
- YTD
- 2.22%
- 6M
- 1.79%
- 1Y
- 0.60%
- 3Y*
- 5.79%
- 5Y*
- 5.56%
- 10Y*
- —
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ZST.TO vs. SGOV - Expense Ratio Comparison
ZST.TO has a 0.17% expense ratio, which is higher than SGOV's 0.09% expense ratio. However, 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
ZST.TO vs. SGOV — Risk / Return Rank
ZST.TO
SGOV
ZST.TO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Ultra Short-Term Bond ETF (ZST.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| ZST.TO | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.11 | +1.46 |
Sortino ratioReturn per unit of downside risk | 1.66 | 0.19 | +1.47 |
Omega ratioGain probability vs. loss probability | 1.78 | 1.02 | +0.75 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 0.23 | +1.48 |
Martin ratioReturn relative to average drawdown | 4.78 | 0.45 | +4.33 |
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
| ZST.TO | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.11 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.99 | 0.87 | +3.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.48 | +1.31 |
Correlation
The correlation between ZST.TO and SGOV is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ZST.TO vs. SGOV - Dividend Comparison
ZST.TO's dividend yield for the trailing twelve months is around 2.62%, less than SGOV's 3.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZST.TO BMO Ultra Short-Term Bond ETF | 2.62% | 2.82% | 4.65% | 4.79% | 2.75% | 2.29% | 2.65% | 2.82% | 3.43% | 4.05% | 3.92% | 3.90% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.99% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZST.TO vs. SGOV - Drawdown Comparison
The maximum ZST.TO drawdown since its inception was -1.06%, smaller than the maximum SGOV drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for ZST.TO and SGOV.
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Drawdown Indicators
| ZST.TO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.06% | -0.03% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.01% | -0.01% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -1.01% | -0.03% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -1.06% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | 0.00% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -0.13% | 0.00% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.00% | +0.36% |
Volatility
ZST.TO vs. SGOV - Volatility Comparison
The current volatility for BMO Ultra Short-Term Bond ETF (ZST.TO) is 0.15%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 1.38%. This indicates that ZST.TO experiences smaller price fluctuations and is considered to be less risky than SGOV 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 | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 1.38% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 3.44% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.09% | 5.38% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.72% | 6.42% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.72% | 6.46% | -5.74% |