ZSU.TO vs. ZEQT.TO
ZSU.TO (BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF) and ZEQT.TO (BMO All-Equity ETF) are both exchange-traded funds - ZSU.TO is a Short-Term Bond fund managed by BMO, while ZEQT.TO is a Global Equities fund actively managed by BMO. Over the past 3 years, ZSU.TO returned 4.05%/yr vs 25.46%/yr for ZEQT.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
ZSU.TO vs. ZEQT.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 ZEQT.TO's 14.64% return.
ZSU.TO
- 1D
- -0.23%
- 1M
- 0.07%
- YTD
- -0.19%
- 6M
- -0.12%
- 1Y
- 1.68%
- 3Y*
- 4.05%
- 5Y*
- 1.27%
- 10Y*
- 1.62%
ZEQT.TO
- 1D
- 0.56%
- 1M
- 2.12%
- YTD
- 14.64%
- 6M
- 14.14%
- 1Y
- 30.15%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
ZSU.TO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZSU.TO BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | -0.19% | 4.61% | 3.84% | 5.18% | -5.18% |
ZEQT.TO BMO All-Equity ETF | 14.64% | 21.71% | 30.06% | 22.28% | -0.83% |
Correlation
The correlation between ZSU.TO and ZEQT.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.16 |
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Return for Risk
ZSU.TO vs. ZEQT.TO — Risk / Return Rank
ZSU.TO
ZEQT.TO
ZSU.TO vs. ZEQT.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 BMO All-Equity ETF (ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.47 | -2.34 |
| Martin ratioReturn relative to average drawdown | 3.08 | 14.27 | -11.18 |
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Drawdowns
ZSU.TO vs. ZEQT.TO - Drawdown Comparison
The maximum ZSU.TO drawdown since its inception was -12.35%, smaller than the maximum ZEQT.TO drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for ZSU.TO and ZEQT.TO.
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Drawdown Indicators
| ZSU.TO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -15.18% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -8.72% | +7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -14.62% | +13.13% |
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 | -0.77% | -0.53% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -2.57% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.12% | -1.57% |
Volatility
ZSU.TO vs. ZEQT.TO - Volatility Comparison
The current volatility for BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU.TO) is 0.53%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 4.49%. This indicates that ZSU.TO experiences smaller price fluctuations and is considered to be less risky than ZEQT.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 | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 4.49% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 11.10% | -9.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 13.29% | -10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 13.49% | -9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 13.49% | -9.02% |
Dividends
ZSU.TO vs. ZEQT.TO - Dividend Comparison
ZSU.TO's dividend yield for the trailing twelve months is around 4.31%, more than ZEQT.TO's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZEQT.TO BMO All-Equity ETF | 1.27% | 2.89% | 5.08% | 6.40% | 7.31% | 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 | 4.31% | 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 ZEQT.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZSU.TO is categorized as Short-Term Bond, while ZEQT.TO is Global Equities.
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