BMO Balanced ETF (ZBAL.TO)
The ETF is a fund of funds aims for moderate long-term capital appreciation and income through investments in global equity and fixed income ETFs.
ETF Info
05591E103
Jan 24, 2022
1x
No Index (Active)
Canada
Distributing
Large-Cap
Blend
Expense Ratio
ZBAL.TO has an expense ratio of 0.18%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
BMO Balanced ETF (ZBAL.TO) returned 1.84% year-to-date (YTD) and 12.19% over the past 12 months.
ZBAL.TO
1.84%
3.18%
1.36%
12.19%
9.27%
7.77%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of ZBAL.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.45% | -0.12% | -1.72% | -2.11% | 3.44% | 1.84% | |||||||
| 2024 | 0.51% | 2.41% | 2.44% | -2.07% | 2.33% | 1.58% | 2.92% | 0.26% | 2.29% | -0.10% | 3.87% | -1.20% | 16.15% |
| 2023 | 4.85% | -1.41% | 1.74% | 1.60% | -1.86% | 1.94% | 1.35% | -0.38% | -3.51% | -1.00% | 5.84% | 3.21% | 12.61% |
| 2022 | -3.31% | -1.88% | -0.08% | -3.46% | -1.44% | -5.61% | 5.18% | -1.69% | -3.57% | 2.99% | 4.80% | -2.97% | -11.10% |
| 2021 | -0.40% | 0.52% | 0.80% | 1.00% | 0.80% | 2.43% | 1.08% | 1.81% | -2.67% | 1.72% | 0.41% | 2.53% | 10.39% |
| 2020 | 1.45% | -4.11% | -7.04% | 7.16% | 2.28% | 1.51% | 2.37% | 2.04% | -0.98% | -1.94% | 6.29% | 1.65% | 10.25% |
| 2019 | 0.30% | 2.31% | 2.11% | -2.13% | 2.08% | 0.58% | 0.19% | 0.79% | 0.60% | 2.49% | 0.09% | 9.71% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, ZBAL.TO is among the top 15% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BMO Balanced ETF (ZBAL.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
BMO Balanced ETF provided a 2.15% dividend yield over the last twelve months, with an annual payout of CA$0.88 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | CA$0.88 | CA$0.88 | CA$0.88 | CA$0.88 | CA$0.88 | CA$0.88 | CA$0.77 |
Dividend yield | 2.15% | 2.18% | 2.48% | 2.72% | 2.35% | 2.53% | 2.38% |
Monthly Dividends
The table displays the monthly dividend distributions for BMO Balanced ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | |||||||
| 2024 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.88 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.88 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.88 |
| 2021 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.88 |
| 2020 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.00 | CA$0.00 | CA$0.22 | CA$0.88 |
| 2019 | CA$0.19 | CA$0.00 | CA$0.00 | CA$0.19 | CA$0.00 | CA$0.00 | CA$0.19 | CA$0.00 | CA$0.00 | CA$0.20 | CA$0.77 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BMO Balanced ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BMO Balanced ETF was 20.75%, occurring on Mar 18, 2020. Recovery took 86 trading sessions.
The current BMO Balanced ETF drawdown is 1.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.75% | Feb 20, 2020 | 20 | Mar 18, 2020 | 86 | Jul 21, 2020 | 106 |
| -16.32% | Dec 30, 2021 | 117 | Jun 16, 2022 | 395 | Jan 15, 2024 | 512 |
| -9.44% | Jan 31, 2025 | 47 | Apr 8, 2025 | — | — | — |
| -4.18% | Sep 3, 2020 | 40 | Oct 30, 2020 | 7 | Nov 10, 2020 | 47 |
| -3.78% | Sep 8, 2021 | 19 | Oct 4, 2021 | 24 | Nov 8, 2021 | 43 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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