ZUAG.TO vs. FFIX.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO US Aggregate Bond Index ETF (ZUAG.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.NEO).

ZUAG.TO and FFIX.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZUAG.TO is a passively managed fund by BMO that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jan 23, 2023. FFIX.NEO is an actively managed fund by Fidelity. It was launched on May 30, 2025.

Performance

ZUAG.TO vs. FFIX.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO US Aggregate Bond Index ETF (ZUAG.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.NEO). The values are adjusted to include any dividend payments, if applicable.

ZUAG.TO vs. FFIX.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
ZUAG.TO BMO US Aggregate Bond Index ETF	1.23%	1.84%
FFIX.NEO Fidelity All-in-One Fixed Income ETF	-0.70%	-0.10%

Returns By Period

In the year-to-date period, ZUAG.TO achieves a 1.23% return, which is significantly higher than FFIX.NEO's -0.70% return.

ZUAG.TO

• 1D: 0.59%
• 1M: 0.04%
• YTD: 1.23%
• 6M: -2.31%
• 1Y: -1.70%
• 3Y*: 3.39%
• 5Y*: —
• 10Y*: —

FFIX.NEO

• 1D: 0.41%
• 1M: -1.78%
• YTD: -0.70%
• 6M: -1.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZUAG.TO vs. FFIX.NEO - Expense Ratio Comparison

ZUAG.TO has a 0.09% expense ratio, which is lower than FFIX.NEO's 0.33% expense ratio.

FFIX.NEO

Fidelity All-in-One Fixed Income ETF

ZUAG.TO

BMO US Aggregate Bond Index ETF

Return for Risk

ZUAG.TO vs. FFIX.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZUAG.TO

ZUAG.TO Risk / Return Rank: 8
ZUAG.TO Sharpe Ratio Rank: 8
ZUAG.TO Sortino Ratio Rank: 7
ZUAG.TO Omega Ratio Rank: 6
ZUAG.TO Calmar Ratio Rank: 9
ZUAG.TO Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZUAG.TO vs. FFIX.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO US Aggregate Bond Index ETF (ZUAG.TO) and Fidelity All-in-One Fixed Income ETF (FFIX.NEO). 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.

	ZUAG.TO	FFIX.NEO	Difference
Sharpe ratio Return per unit of total volatility	-0.21	—	—
Sortino ratio Return per unit of downside risk	-0.22	—	—
Omega ratio Gain probability vs. loss probability	0.97	—	—
Calmar ratio Return relative to maximum drawdown	-0.18	—	—
Martin ratio Return relative to average drawdown	-0.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZUAG.TO	FFIX.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	-0.23	+0.75

Correlation

The correlation between ZUAG.TO and FFIX.NEO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZUAG.TO vs. FFIX.NEO - Dividend Comparison

ZUAG.TO's dividend yield for the trailing twelve months is around 2.60%, while FFIX.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023
ZUAG.TO BMO US Aggregate Bond Index ETF	2.60%	2.51%	2.09%	1.89%
FFIX.NEO Fidelity All-in-One Fixed Income ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZUAG.TO vs. FFIX.NEO - Drawdown Comparison

The maximum ZUAG.TO drawdown since its inception was -7.19%, which is greater than FFIX.NEO's maximum drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for ZUAG.TO and FFIX.NEO.

Drawdown Indicators

	ZUAG.TO	FFIX.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-7.19%	-3.63%	-3.56%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	—	—
Current Drawdown Current decline from peak	-5.01%	-2.84%	-2.17%
Average Drawdown Average peak-to-trough decline	-2.79%	-1.11%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	—	—

Volatility

Volatility by Period

	ZUAG.TO	FFIX.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.10%	4.30%	+3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.20%	4.30%	+49.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.20%	4.30%	+49.90%