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%	3.82B	Mar 2016	ZAG.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.35B	Nov 2011	ZAG.TO vs VAB.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.40B	Sep 2011	ZAG.TO vs XSH.TO
ZDB.TO	BMO Discount Bond	0.10%	1.26B	Feb 2014	ZAG.TO vs ZDB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	0.10%	173.02M	Mar 2018	ZAG.TO vs ZSB.TO

Best Risk-Adjusted Alternatives to ZAG.TO

ZAG.TO has a PortfoliosLab risk / return rank of 21. There are 18 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	2.27B	Apr 2023	ZAG.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.90M	Sep 2024	ZAG.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	ZAG.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	98	812.99M	Dec 2011	ZAG.TO vs XFR.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	85	—	Feb 2022	ZAG.TO vs ZBI.TO

Top Performing ZAG.TO Alternatives (YTD)

ZAG.TO is at 1.70% YTD. There are 5 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.77%.

Symbol	Name	YTD Return	AUM	Inception
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	2.77%	752.21M	Nov 2006	ZAG.TO vs XLB.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	2.42%	—	Feb 2023	ZAG.TO vs XFLB.TO
ZFL.TO	BMO Long Federal Bond	2.39%	1.31B	May 2010	ZAG.TO vs ZFL.TO
CORE.TO	PIMCO Canadian Core Bond Fund	2.24%	—	Jan 2011	ZAG.TO vs CORE.TO
TCLB.TO	TD Canadian Long Term Federal Bond ETF	2.20%	391.68M	Nov 2019	ZAG.TO vs TCLB.TO

Lowest Volatility Alternatives to ZAG.TO

ZAG.TO has 4.46% 1-year volatility. There are 24 ETFs in the Canadian Government Bonds category with lower 1-year volatility, going as low as 0.25%.

Symbol	Name	Volatility 1Y	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.25%	2.27B	Apr 2023	ZAG.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.36%	207.90M	Sep 2024	ZAG.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.46%	—	Feb 2024	ZAG.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	812.99M	Dec 2011	ZAG.TO vs XFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	ZAG.TO vs ZST.TO

Lowest Drawdown Alternatives to ZAG.TO

ZAG.TO has a 1-year max drawdown of -2.79%. There are 21 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%	2.27B	Apr 2023	ZAG.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	812.99M	Dec 2011	ZAG.TO vs XFR.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	ZAG.TO vs TCSH.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.90M	Sep 2024	ZAG.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.53B	Jan 2011	ZAG.TO vs ZST.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 7 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	100	0.95%	5.70B	Nov 2021	ZAG.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZAG.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZAG.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZAG.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZAG.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZAG.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZAG.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZAG.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZAG.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZAG.TO vs ZUQ.TO

Often Compared With ZAG.TO

Investors most often compare ZAG.TO with XBB.TO, XSB.TO, XBB. These 20 comparison targets span 9 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	Canadian Government Bonds	21	1.51%	9.96B	Nov 2000	ZAG.TO vs XBB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Canadian Government Bonds	41	1.03%	4.21B	Nov 2000	ZAG.TO vs XSB.TO
XBB	BondBloxx BB Rated USD High Yield Corporate Bond E...	High Yield Bonds	49	1.32%	414.62M	May 2022	ZAG.TO vs XBB
XCB.TO	iShares Core Canadian Corporate Bond Index ETF	Corporate Bonds	31	1.75%	3.28B	Nov 2006	ZAG.TO vs XCB.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	56	1.29%	4.34B	Oct 2009	ZAG.TO vs ZCS.TO
PMIF.TO	PIMCO Monthly Income Fund (Canada)		52	0.10%	38.14B	—	ZAG.TO vs PMIF.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	ZAG.TO vs VOO
GEQT.TO	iShares ESG Equity ETF Portfolio	Global Equities	65	14.67%	260.56M	Sep 2020	ZAG.TO vs GEQT.TO
HBB	Hamilton Beach Brands Holding Company		43	16.71%	—	—	ZAG.TO vs HBB
VCB.TO	Vanguard Canadian Corporate Bond Index ETF	Corporate Bonds	34	1.58%	801.89M	Jan 2017	ZAG.TO vs VCB.TO
ZCB.TO	BMO Corporate Bond Index ETF	Corporate Bonds	31	1.93%	1.91B	Mar 2018	ZAG.TO vs ZCB.TO
XAGH.TO	iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	Total Bond Market	22	-0.57%	—	Aug 2021	ZAG.TO vs XAGH.TO
XHB.TO	iShares Canadian HYBrid Corporate Bond Index ETF	Corporate Bonds	51	2.17%	226.19M	Sep 2010	ZAG.TO vs XHB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	43	0.97%	1.56B	Nov 2011	ZAG.TO vs VSB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	21	1.55%	236.66M	Mar 2019	ZAG.TO vs XSAB.TO
XSTH.TO	iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)	Inflation-Protected Bonds	39	1.24%	—	Jul 2021	ZAG.TO vs XSTH.TO
^GSPC	S&P 500 Index		73	10.35%	—	—	ZAG.TO vs ^GSPC
XCBG.TO	iShares ESG Advanced Canadian Corporate Bond Index...	Corporate Bonds	37	1.59%	—	Aug 2021	ZAG.TO vs XCBG.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	ZAG.TO vs HSAV.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	Diversified Portfolio	49	3.43%	122.26M	Aug 2019	ZAG.TO vs XINC.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