A side-by-side comparison of BMO Floating Rate High Yield (ZFH) and First Trust Senior Loan ETF (CAD-Hedged) Common (FSL) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZFH | FSL |
|---|---|---|
| YTD Return | +0.13%✓ | -3.04% |
| 1-Day Change | 0.00% | 0.00% |
| 1-Week Change | 0.00% | +0.06%✓ |
| 1-Month Change | -0.13% | -0.19%✓ |
| Current Price | $15.15 | $15.95 |
| AUM | $251M✓ | $59M |
| MER (Expense Ratio) | 0.4% | 0%✓ |
| Dividend Yield | 5.15% | 6.58%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2014-02-10 | 2013-08-27 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | ★★★★★ | ★★★ |
| Category | Floating Rate Loans | Floating Rate Loans |
| Beta | -0.12 | 0.03 |
| 52-Week High | $15.19 | $16.15 |
| 52-Week Low | $14.42 | $15.42 |
| 50-Day MA | $15.15 | $16.01 |
| 200-Day MA | $15.17 | $16.25 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZFH | FSL |
|---|---|---|
| YTD | +0.13%✓ | -3.04% |
| 1 Year | +6.07%✓ | +1.88% |
| 3 Year | +9.35%✓ | +5.18% |
| 5 Year | +6.97%✓ | +3.81% |
| 10 Year | +5.62%✓ | +3.22% |
| 1Y Volatility | 3.10% | 2.37% |
| Sharpe Ratio (3Y) | 1.38 | 0.80 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | 3.99% |
| 1 | FTSL | First Trust Senior Loan Fund | 99.30% |
Sector Weights
| Sector | ZFH | FSL |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZFH
BMO Floating Rate High Yield (ZFH.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About FSL
First Trust Senior Loan ETF (CAD-Hedged) Common (FSL.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZFH and FSL are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, ZFH scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZFH and FSL?
ZFH (BMO Floating Rate High Yield) and FSL (First Trust Senior Loan ETF (CAD-Hedged) Common) are both Canadian-listed ETFs. Key differences include their AUM ($251M vs $59M), dividend yield (5.15% vs 6.58%), and year-to-date performance (+0.13% vs -3.04%).
Is ZFH better than FSL?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZFH has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZFH and FSL on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZFH and FSL should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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