ZSU.TO vs. RUSB.TO
ZSU.TO (BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both Short-Term Bond funds. Over the past 5 years, ZSU.TO returned 1.19%/yr vs 4.55%/yr for RUSB.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
ZSU.TO vs. RUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZSU.TO achieves a -0.19% return, which is significantly lower than RUSB.TO's 3.05% return.
ZSU.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 0.10%
- YTD
- -0.19%
- 1Y
- 1.75%
- 3Y*
- 3.97%
- 5Y*
- 1.19%
- 10Y*
- 1.62%
RUSB.TO
- 1D
- -0.09%
- 1M
- -0.28%
- 6M
- 1.59%
- YTD
- 3.05%
- 1Y
- 6.15%
- 3Y*
- 7.50%
- 5Y*
- 4.55%
- 10Y*
- —
ZSU.TO vs. RUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZSU.TO BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | -0.19% | 4.61% | 3.84% | 5.18% | -6.17% | -0.99% | 4.54% | 5.57% | 0.06% | -0.60% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.05% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 2.36% | 7.83% | -0.13% |
Correlation
The correlation between ZSU.TO and RUSB.TO is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017 | 0.03 |
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Return for Risk
ZSU.TO vs. RUSB.TO — Risk / Return Rank
ZSU.TO
RUSB.TO
ZSU.TO vs. RUSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU.TO) and RBC Short Term U.S. Corporate Bond ETF (RUSB.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.
| ZSU.TO | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.72 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.09 | 3.74 | -0.65 |
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Drawdowns
ZSU.TO vs. RUSB.TO - Drawdown Comparison
The maximum ZSU.TO drawdown since its inception was -12.35%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for ZSU.TO and RUSB.TO.
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Drawdown Indicators
| ZSU.TO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -14.28% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -3.60% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -5.26% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -10.02% | -8.10% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -12.35% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -1.81% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -4.11% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 1.65% | -1.08% |
Volatility
ZSU.TO vs. RUSB.TO - Volatility Comparison
The current volatility for BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU.TO) is 0.60%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 1.69%. This indicates that ZSU.TO experiences smaller price fluctuations and is considered to be less risky than RUSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZSU.TO | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 1.69% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 4.13% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 6.37% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.68% | 6.95% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 6.95% | -2.49% |
Dividends
ZSU.TO vs. RUSB.TO - Dividend Comparison
ZSU.TO's dividend yield for the trailing twelve months is around 4.31%, more than RUSB.TO's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.14% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% | 0.00% | 0.00% |
ZSU.TO BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | 4.31% | 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
ZSU.TO and RUSB.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: BMO and RBC.
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