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BMO AAA CLO ETF (ZAAA.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 24, 2026

BMO AAA CLO ETF seeks to provide income and preserve capital by investing primarily in a diversified portfolio of AAA-rated collateralized loan obligations issued outside Canada.

BMO AAA CLO ETF (ZAAA.NEO) belongs to the CLO category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZAAA.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 categories. AUM among these funds goes as high as $24B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.09%
5.68BNov 2021ZAAA.NEO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
72
11.86%
24.23BNov 2012ZAAA.NEO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
79
13.48%
846.16MJan 2022ZAAA.NEO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
97
30.69%
6.15BOct 2009ZAAA.NEO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
81
11.25%
16.91BMay 2009ZAAA.NEO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
41
14.60%
3.24BJan 2010ZAAA.NEO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.44%
2.39BFeb 2019ZAAA.NEO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
45
6.82%
6.18BOct 2011ZAAA.NEO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
21
1.70%
12.97BJan 2010ZAAA.NEO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
20.55%
1.83BOct 2011ZAAA.NEO vs ZDV.TO

Often Compared With ZAAA.NEO

Investors most often compare ZAAA.NEO with MAAA.TO, ZUQ.TO, BND.TO. These 3 comparison targets span 3 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
MAAA.TO
Mackenzie AAA CLO ETFCLO
86
1.27%
—May 2025ZAAA.NEO vs MAAA.TO
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
47
10.78%
1.30BNov 2014ZAAA.NEO vs ZUQ.TO
BND.TO
Purpose Global Bond FundGlobal Bonds
56
1.55%
2.40B—ZAAA.NEO vs BND.TO

Compare ZAAA.NEO with Any Fund or Stock

Compare ZAAA.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair ZAAA.NEO with funds that move differently

BMO AAA CLO ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZAAA.NEO.

Explore ZAAA.NEO Diversifiers