ZAG.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZAG.TO

ZAG.TO charges 0.09% annually. There is 1 ETF in the Canadian Government Bonds category with a lower expense ratio, going as low as 0.08%.

Symbol	Name	Expense Ratio	AUM	Inception
TDB.TO	TD Canadian Aggregate Bond Index ETF	0.08%	4.07B	Mar 2016	ZAG.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	ZAG.TO vs VAB.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.65B	Sep 2011	ZAG.TO vs XSH.TO
ZSB.TO	BMO Short-Term Bond Index ETF	0.10%	181.20M	Mar 2018	ZAG.TO vs ZSB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	0.10%	4.31B	Nov 2000	ZAG.TO vs XSB.TO

Best Risk-Adjusted Alternatives to ZAG.TO

ZAG.TO has a PortfoliosLab risk / return rank of 33. There are 17 ETFs in the Canadian Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	99	2.39B	Apr 2023	ZAG.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	ZAG.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	98	793.90M	Dec 2011	ZAG.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	97	258.84M	Jul 2014	ZAG.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	90	—	Feb 2022	ZAG.TO vs ZBI.TO

Top Performing ZAG.TO Alternatives (YTD)

ZAG.TO is at 1.25% YTD. There are 8 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.10%.

Symbol	Name	YTD Return	AUM	Inception
CORE.TO	PIMCO Canadian Core Bond Fund	2.10%	—	Jan 2011	ZAG.TO vs CORE.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	2.08%	—	Feb 2022	ZAG.TO vs ZBI.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	1.53%	4.96B	Oct 2009	ZAG.TO vs ZCS.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	1.45%	2.65B	Sep 2011	ZAG.TO vs XSH.TO
XFR.TO	iShares Floating Rate Index ETF	1.36%	793.90M	Dec 2011	ZAG.TO vs XFR.TO

Lowest Volatility Alternatives to ZAG.TO

ZAG.TO has 4.40% 1-year volatility. There are 22 ETFs in the Canadian Government Bonds category with lower 1-year volatility, going as low as 0.26%.

Symbol	Name	Volatility 1Y	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.26%	2.39B	Apr 2023	ZAG.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	ZAG.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	0.71%	793.90M	Dec 2011	ZAG.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	0.82%	258.84M	Jul 2014	ZAG.TO vs PFL.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.82%	146.43M	Mar 2019	ZAG.TO vs XSTB.TO

Lowest Drawdown Alternatives to ZAG.TO

ZAG.TO has a 1-year max drawdown of -2.79%. There are 20 ETFs in the Canadian Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.04%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	-0.04%	2.39B	Apr 2023	ZAG.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	793.90M	Dec 2011	ZAG.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	ZAG.TO vs VVSG.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	-0.15%	258.84M	Jul 2014	ZAG.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	-1.21%	—	Feb 2022	ZAG.TO vs ZBI.TO

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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.25%	5.77B	Nov 2021	ZAG.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.65%	24.35B	Nov 2012	ZAG.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.44%	895.11M	Jan 2022	ZAG.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	36.93%	7.20B	Oct 2009	ZAG.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.95%	17.34B	May 2009	ZAG.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	15.43%	3.09B	Jan 2010	ZAG.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	19.67%	2.35B	Feb 2019	ZAG.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	53	7.89%	6.24B	Oct 2011	ZAG.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.62%	1.86B	Oct 2011	ZAG.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	54	13.18%	1.32B	Nov 2014	ZAG.TO vs ZUQ.TO

Often Compared With ZAG.TO

Investors most often compare ZAG.TO with XBB.TO, ZST.TO, XBB. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	34	1.18%	10.13B	Nov 2000	ZAG.TO vs XBB.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	56	1.37%	3.55B	Jan 2011	ZAG.TO vs ZST.TO
XBB	BondBloxx BB Rated USD High Yield Corporate Bond E...	High Yield Bonds	59	2.03%	413.16M	May 2022	ZAG.TO vs XBB
XCB.TO	iShares Core Canadian Corporate Bond Index ETF	Corporate Bonds	45	1.34%	3.32B	Nov 2006	ZAG.TO vs XCB.TO
PMIF.TO	PIMCO Monthly Income Fund (Canada)		54	0.49%	39.17B	—	ZAG.TO vs PMIF.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	11.30%	1.70T	Sep 2010	ZAG.TO vs VOO
GEQT.TO	iShares ESG Equity ETF Portfolio	Global Equities	66	16.32%	284.21M	Sep 2020	ZAG.TO vs GEQT.TO
HBB	Hamilton Beach Brands Holding Company		63	38.99%	—	—	ZAG.TO vs HBB
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	30	1.07%	1.33B	Feb 2014	ZAG.TO vs ZDB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	62	1.20%	1.65B	Nov 2011	ZAG.TO vs VSB.TO
VCB.TO	Vanguard Canadian Corporate Bond Index ETF	Corporate Bonds	43	1.27%	821.62M	Jan 2017	ZAG.TO vs VCB.TO
ZCB.TO	BMO Corporate Bond Index ETF	Corporate Bonds	43	1.60%	2.00B	Mar 2018	ZAG.TO vs ZCB.TO
XAGH.TO	iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	Total Bond Market	—	—	—	Aug 2021	ZAG.TO vs XAGH.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	22	1.02%	711.71M	Nov 2006	ZAG.TO vs XLB.TO
XHB.TO	iShares Canadian HYBrid Corporate Bond Index ETF	Corporate Bonds	63	2.00%	225.94M	Sep 2010	ZAG.TO vs XHB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	32	1.21%	240.99M	Mar 2019	ZAG.TO vs XSAB.TO
XSTH.TO	iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)	Inflation-Protected Bonds	28	0.82%	—	Jul 2021	ZAG.TO vs XSTH.TO
^GSPC	S&P 500 Index		81	10.62%	—	—	ZAG.TO vs ^GSPC
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	70	1.00%	1.93B	Feb 2020	ZAG.TO vs HSAV.TO
XCBG.TO	iShares ESG Advanced Canadian Corporate Bond Index...	Corporate Bonds	49	1.37%	—	Aug 2021	ZAG.TO vs XCBG.TO

Compare ZAG.TO with Any Fund or Stock

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

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Diversifiers

Pair ZAG.TO with funds that move differently

BMO Aggregate Bond Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZAG.TO.

Explore ZAG.TO Diversifiers

BMO Aggregate Bond Index ETF (ZAG.TO) Alternatives