ZTL.NEO vs. XTLT.TO
Compare and contrast key facts about BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) and iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO).
ZTL.NEO and XTLT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZTL.NEO is a passively managed fund by BMO that tracks the performance of the Bloomberg U.S. Treasury 20+ Year Index. It was launched on Feb 28, 2017. XTLT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Core Bd GR CAD. It was launched on Feb 7, 2023. Both ZTL.NEO and XTLT.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
ZTL.NEO vs. XTLT.TO - Performance Comparison
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ZTL.NEO vs. XTLT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 1.22% | -0.43% | -0.21% | -2.56% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 1.20% | -1.07% | -1.47% | -2.80% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ZTL.NEO having a 1.22% return and XTLT.TO slightly lower at 1.20%.
ZTL.NEO
- 1D
- -0.38%
- 1M
- -1.74%
- YTD
- 1.22%
- 6M
- -1.42%
- 1Y
- -4.26%
- 3Y*
- -1.89%
- 5Y*
- -4.01%
- 10Y*
- —
XTLT.TO
- 1D
- -0.32%
- 1M
- -1.84%
- YTD
- 1.20%
- 6M
- -2.12%
- 1Y
- -4.92%
- 3Y*
- -2.09%
- 5Y*
- —
- 10Y*
- —
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ZTL.NEO vs. XTLT.TO - Expense Ratio Comparison
ZTL.NEO has a 0.23% expense ratio, which is higher than XTLT.TO's 0.18% 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
ZTL.NEO vs. XTLT.TO — Risk / Return Rank
ZTL.NEO
XTLT.TO
ZTL.NEO vs. XTLT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) and iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.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.
| ZTL.NEO | XTLT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | -0.40 | +0.04 |
Sortino ratioReturn per unit of downside risk | -0.41 | -0.47 | +0.06 |
Omega ratioGain probability vs. loss probability | 0.95 | 0.94 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.38 | +0.06 |
Martin ratioReturn relative to average drawdown | -0.57 | -0.64 | +0.08 |
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
| ZTL.NEO | XTLT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.40 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.09 | +0.07 |
Correlation
The correlation between ZTL.NEO and XTLT.TO is 0.80, 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.
Dividends
ZTL.NEO vs. XTLT.TO - Dividend Comparison
ZTL.NEO's dividend yield for the trailing twelve months is around 3.16%, less than XTLT.TO's 4.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 3.16% | 3.15% | 3.07% | 3.55% | 3.44% | 2.46% | 2.26% | 2.55% | 2.75% | 2.82% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 4.57% | 4.60% | 4.17% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZTL.NEO vs. XTLT.TO - Drawdown Comparison
The maximum ZTL.NEO drawdown since its inception was -49.55%, which is greater than XTLT.TO's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for ZTL.NEO and XTLT.TO.
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Drawdown Indicators
| ZTL.NEO | XTLT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -21.04% | -28.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -12.12% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -39.89% | — | — |
Current DrawdownCurrent decline from peak | -40.87% | -9.34% | -31.53% |
Average DrawdownAverage peak-to-trough decline | -23.41% | -8.89% | -14.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 7.10% | -0.35% |
Volatility
ZTL.NEO vs. XTLT.TO - Volatility Comparison
The current volatility for BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) is 3.24%, while iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a volatility of 3.94%. This indicates that ZTL.NEO experiences smaller price fluctuations and is considered to be less risky than XTLT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTL.NEO | XTLT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 3.94% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 7.26% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 12.33% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 14.38% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 14.38% | +1.55% |