ZTIP.TO vs. XSTP.TO
Compare and contrast key facts about BMO Short-Term US TIPS Index ETF (ZTIP.TO) and iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO).
ZTIP.TO and XSTP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZTIP.TO is a passively managed fund by BMO that tracks the performance of the Bloomberg Barclays U.S. Government Inflation-Linked 0-5 Year Bond Index. It was launched on Jan 26, 2021. XSTP.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Core Bd GR CAD. It was launched on Jul 6, 2021. Both ZTIP.TO and XSTP.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZTIP.TO vs. XSTP.TO - Performance Comparison
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ZTIP.TO vs. XSTP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZTIP.TO BMO Short-Term US TIPS Index ETF | 2.50% | 1.12% | 13.84% | 1.93% | 3.96% | 4.32% |
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 2.42% | 0.64% | 13.59% | 2.31% | 9.51% | 4.71% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ZTIP.TO having a 2.50% return and XSTP.TO slightly lower at 2.42%.
ZTIP.TO
- 1D
- -0.06%
- 1M
- 1.99%
- YTD
- 2.50%
- 6M
- 1.44%
- 1Y
- 0.54%
- 3Y*
- 5.58%
- 5Y*
- 5.57%
- 10Y*
- —
XSTP.TO
- 1D
- 0.00%
- 1M
- 2.14%
- YTD
- 2.42%
- 6M
- 0.89%
- 1Y
- 0.05%
- 3Y*
- 5.46%
- 5Y*
- —
- 10Y*
- —
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ZTIP.TO vs. XSTP.TO - Expense Ratio Comparison
ZTIP.TO has a 0.17% expense ratio, which is higher than XSTP.TO's 0.16% 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
ZTIP.TO vs. XSTP.TO — Risk / Return Rank
ZTIP.TO
XSTP.TO
ZTIP.TO vs. XSTP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Short-Term US TIPS Index ETF (ZTIP.TO) and iShares 0-5 Year TIPS Bond Index ETF (XSTP.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.
| ZTIP.TO | XSTP.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.10 | 0.01 | +0.09 |
Sortino ratioReturn per unit of downside risk | 0.16 | 0.05 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.13 | +0.08 |
Martin ratioReturn relative to average drawdown | 0.43 | 0.24 | +0.19 |
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
| ZTIP.TO | XSTP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.01 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.01 | -0.18 |
Correlation
The correlation between ZTIP.TO and XSTP.TO is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZTIP.TO vs. XSTP.TO - Dividend Comparison
ZTIP.TO's dividend yield for the trailing twelve months is around 3.46%, less than XSTP.TO's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZTIP.TO BMO Short-Term US TIPS Index ETF | 3.46% | 3.63% | 3.63% | 4.91% | 4.93% | 0.38% |
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 4.03% | 4.06% | 2.41% | 3.08% | 5.70% | 2.19% |
Drawdowns
ZTIP.TO vs. XSTP.TO - Drawdown Comparison
The maximum ZTIP.TO drawdown since its inception was -5.60%, roughly equal to the maximum XSTP.TO drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for ZTIP.TO and XSTP.TO.
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Drawdown Indicators
| ZTIP.TO | XSTP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.60% | -5.68% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -5.05% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -5.60% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.22% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -1.66% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.91% | -0.19% |
Volatility
ZTIP.TO vs. XSTP.TO - Volatility Comparison
BMO Short-Term US TIPS Index ETF (ZTIP.TO) has a higher volatility of 1.45% compared to iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) at 1.35%. This indicates that ZTIP.TO's price experiences larger fluctuations and is considered to be riskier than XSTP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTIP.TO | XSTP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.35% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 3.96% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 5.67% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 7.18% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 7.18% | -0.82% |