ZUAG.TO vs. ZCN.TO
Compare and contrast key facts about BMO US Aggregate Bond Index ETF (ZUAG.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).
ZUAG.TO and ZCN.TO 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. ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009. Both ZUAG.TO and ZCN.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
ZUAG.TO vs. ZCN.TO - Performance Comparison
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ZUAG.TO vs. ZCN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZUAG.TO BMO US Aggregate Bond Index ETF | 1.54% | -0.80% | 9.45% | 110.96% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 4.54% | 31.51% | 21.64% | 4.96% |
Returns By Period
In the year-to-date period, ZUAG.TO achieves a 1.54% return, which is significantly lower than ZCN.TO's 4.54% return.
ZUAG.TO
- 1D
- 0.31%
- 1M
- 0.44%
- YTD
- 1.54%
- 6M
- -1.97%
- 1Y
- -1.88%
- 3Y*
- 3.49%
- 5Y*
- —
- 10Y*
- —
ZCN.TO
- 1D
- 0.64%
- 1M
- -4.29%
- YTD
- 4.54%
- 6M
- 10.66%
- 1Y
- 34.87%
- 3Y*
- 21.33%
- 5Y*
- 14.92%
- 10Y*
- 12.66%
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ZUAG.TO vs. ZCN.TO - Expense Ratio Comparison
ZUAG.TO has a 0.09% expense ratio, which is higher than ZCN.TO's 0.06% 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
ZUAG.TO vs. ZCN.TO — Risk / Return Rank
ZUAG.TO
ZCN.TO
ZUAG.TO vs. ZCN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO US Aggregate Bond Index ETF (ZUAG.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.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.
| ZUAG.TO | ZCN.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.23 | 2.29 | -2.53 |
Sortino ratioReturn per unit of downside risk | -0.25 | 2.89 | -3.14 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.46 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 3.22 | -3.42 |
Martin ratioReturn relative to average drawdown | -0.35 | 14.47 | -14.82 |
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
| ZUAG.TO | ZCN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 2.29 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.66 | -0.16 |
Correlation
The correlation between ZUAG.TO and ZCN.TO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ZUAG.TO vs. ZCN.TO - Dividend Comparison
ZUAG.TO's dividend yield for the trailing twelve months is around 2.59%, more than ZCN.TO's 2.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZUAG.TO BMO US Aggregate Bond Index ETF | 2.59% | 2.51% | 2.09% | 1.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZCN.TO BMO S&P/TSX Capped Composite Index ETF | 2.15% | 2.22% | 2.78% | 3.29% | 3.27% | 2.74% | 3.24% | 3.13% | 3.16% | 2.71% | 2.84% | 3.33% |
Drawdowns
ZUAG.TO vs. ZCN.TO - Drawdown Comparison
The maximum ZUAG.TO drawdown since its inception was -7.19%, smaller than the maximum ZCN.TO drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for ZUAG.TO and ZCN.TO.
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Drawdown Indicators
| ZUAG.TO | ZCN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.19% | -37.18% | +29.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -11.02% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.18% | — |
Current DrawdownCurrent decline from peak | -4.71% | -4.29% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -4.80% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.46% | +1.53% |
Volatility
ZUAG.TO vs. ZCN.TO - Volatility Comparison
The current volatility for BMO US Aggregate Bond Index ETF (ZUAG.TO) is 1.99%, while BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) has a volatility of 5.62%. This indicates that ZUAG.TO experiences smaller price fluctuations and is considered to be less risky than ZCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZUAG.TO | ZCN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 5.62% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 10.90% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 15.29% | -7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.00% | 13.01% | +47.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.00% | 14.96% | +46.04% |