ZST.TO vs. ZAG.TO
Compare and contrast key facts about BMO Ultra Short-Term Bond ETF (ZST.TO) and BMO Aggregate Bond Index ETF (ZAG.TO).
ZST.TO and ZAG.TO 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. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZST.TO or ZAG.TO.
Correlation
The correlation between ZST.TO and ZAG.TO is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZST.TO vs. ZAG.TO - Performance Comparison
Key characteristics
ZST.TO:
11.15
ZAG.TO:
1.23
ZST.TO:
27.30
ZAG.TO:
1.81
ZST.TO:
6.59
ZAG.TO:
1.21
ZST.TO:
48.15
ZAG.TO:
0.57
ZST.TO:
266.10
ZAG.TO:
5.36
ZST.TO:
0.02%
ZAG.TO:
1.30%
ZST.TO:
0.44%
ZAG.TO:
5.64%
ZST.TO:
-1.06%
ZAG.TO:
-18.03%
ZST.TO:
-0.02%
ZAG.TO:
-4.75%
Returns By Period
In the year-to-date period, ZST.TO achieves a 0.50% return, which is significantly higher than ZAG.TO's 0.14% return. Over the past 10 years, ZST.TO has outperformed ZAG.TO with an annualized return of 2.29%, while ZAG.TO has yielded a comparatively lower 1.54% annualized return.
ZST.TO
0.50%
0.28%
2.18%
4.96%
2.78%
2.29%
ZAG.TO
0.14%
0.65%
1.23%
6.71%
0.09%
1.54%
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ZST.TO vs. ZAG.TO - Expense Ratio Comparison
ZST.TO has a 0.17% expense ratio, which is higher than ZAG.TO'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%.
Risk-Adjusted Performance
ZST.TO vs. ZAG.TO — Risk-Adjusted Performance Rank
ZST.TO
ZAG.TO
ZST.TO vs. ZAG.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Ultra Short-Term Bond ETF (ZST.TO) and BMO Aggregate Bond Index ETF (ZAG.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.
Dividends
ZST.TO vs. ZAG.TO - Dividend Comparison
ZST.TO's dividend yield for the trailing twelve months is around 4.58%, more than ZAG.TO's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZST.TO BMO Ultra Short-Term Bond ETF | 4.58% | 4.70% | 4.84% | 2.78% | 2.31% | 2.68% | 2.84% | 3.47% | 4.09% | 3.96% | 3.94% | 3.39% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.45% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% |
Drawdowns
ZST.TO vs. ZAG.TO - Drawdown Comparison
The maximum ZST.TO drawdown since its inception was -1.06%, smaller than the maximum ZAG.TO drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for ZST.TO and ZAG.TO. For additional features, visit the drawdowns tool.
Volatility
ZST.TO vs. ZAG.TO - Volatility Comparison
The current volatility for BMO Ultra Short-Term Bond ETF (ZST.TO) is 1.58%, while BMO Aggregate Bond Index ETF (ZAG.TO) has a volatility of 2.64%. This indicates that ZST.TO experiences smaller price fluctuations and is considered to be less risky than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.