ZBAL.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZBAL.TO

ZBAL.TO charges 0.18% annually. There is 1 ETF in the Global Allocation category with a lower expense ratio, going as low as 0.15%.

Symbol	Name	Expense Ratio	AUM	Inception
TBAL.TO	TD Balanced ETF Portfolio	0.15%	—	Aug 2020	ZBAL.TO vs TBAL.TO
ZGRO.TO	BMO Growth ETF	0.18%	767.07M	Feb 2019	ZBAL.TO vs ZGRO.TO
HCON.TO	Global X Conservative Asset Allocation ETF	0.22%	37.39M	Aug 2018	ZBAL.TO vs HCON.TO
FCGI.TO	Fidelity Global Monthly High Income ETF	0.55%	40.70M	Jan 2020	ZBAL.TO vs FCGI.TO
ZWQT.TO	BMO Global Enhanced Income Fund Series ETF	0.87%	55.53M	Jun 2023	ZBAL.TO vs ZWQT.TO

Best Risk-Adjusted Alternatives to ZBAL.TO

ZBAL.TO has a PortfoliosLab risk / return rank of 66. There are 5 ETFs in the Global Allocation category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
ZWQT.TO	BMO Global Enhanced Income Fund Series ETF	94	55.53M	Jun 2023	ZBAL.TO vs ZWQT.TO
FCGI.TO	Fidelity Global Monthly High Income ETF	93	40.70M	Jan 2020	ZBAL.TO vs FCGI.TO
ZGRO.TO	BMO Growth ETF	78	767.07M	Feb 2019	ZBAL.TO vs ZGRO.TO
TBAL.TO	TD Balanced ETF Portfolio	75	—	Aug 2020	ZBAL.TO vs TBAL.TO
HCON.TO	Global X Conservative Asset Allocation ETF	70	37.39M	Aug 2018	ZBAL.TO vs HCON.TO

Top Performing ZBAL.TO Alternatives (YTD)

ZBAL.TO is at 8.44% YTD. There are 2 ETFs in the Global Allocation category with higher YTD returns, going as high as 14.52%.

Symbol	Name	YTD Return	AUM	Inception
ZWQT.TO	BMO Global Enhanced Income Fund Series ETF	14.52%	55.53M	Jun 2023	ZBAL.TO vs ZWQT.TO
ZGRO.TO	BMO Growth ETF	10.93%	767.07M	Feb 2019	ZBAL.TO vs ZGRO.TO
FCGI.TO	Fidelity Global Monthly High Income ETF	8.14%	40.70M	Jan 2020	ZBAL.TO vs FCGI.TO
TBAL.TO	TD Balanced ETF Portfolio	7.59%	—	Aug 2020	ZBAL.TO vs TBAL.TO
HCON.TO	Global X Conservative Asset Allocation ETF	5.55%	37.39M	Aug 2018	ZBAL.TO vs HCON.TO

Lowest Volatility Alternatives to ZBAL.TO

ZBAL.TO has 9.13% 1-year volatility. There are 3 ETFs in the Global Allocation category with lower 1-year volatility, going as low as 6.97%.

Symbol	Name	Volatility 1Y	AUM	Inception
HCON.TO	Global X Conservative Asset Allocation ETF	6.97%	37.39M	Aug 2018	ZBAL.TO vs HCON.TO
FCGI.TO	Fidelity Global Monthly High Income ETF	6.98%	40.70M	Jan 2020	ZBAL.TO vs FCGI.TO
TBAL.TO	TD Balanced ETF Portfolio	8.11%	—	Aug 2020	ZBAL.TO vs TBAL.TO
ZWQT.TO	BMO Global Enhanced Income Fund Series ETF	9.71%	55.53M	Jun 2023	ZBAL.TO vs ZWQT.TO
ZGRO.TO	BMO Growth ETF	11.83%	767.07M	Feb 2019	ZBAL.TO vs ZGRO.TO

Lowest Drawdown Alternatives to ZBAL.TO

ZBAL.TO has a 1-year max drawdown of -5.81%. There are 3 ETFs in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -3.79%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FCGI.TO	Fidelity Global Monthly High Income ETF	-3.79%	40.70M	Jan 2020	ZBAL.TO vs FCGI.TO
HCON.TO	Global X Conservative Asset Allocation ETF	-4.71%	37.39M	Aug 2018	ZBAL.TO vs HCON.TO
ZWQT.TO	BMO Global Enhanced Income Fund Series ETF	-5.47%	55.53M	Jun 2023	ZBAL.TO vs ZWQT.TO
TBAL.TO	TD Balanced ETF Portfolio	-5.98%	—	Aug 2020	ZBAL.TO vs TBAL.TO
ZGRO.TO	BMO Growth ETF	-6.87%	767.07M	Feb 2019	ZBAL.TO vs ZGRO.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	1.11%	5.68B	Nov 2021	ZBAL.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	73	11.92%	24.23B	Nov 2012	ZBAL.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.34%	846.16M	Jan 2022	ZBAL.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	ZBAL.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.54%	16.91B	May 2009	ZBAL.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	ZBAL.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	68	20.05%	2.39B	Feb 2019	ZBAL.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	ZBAL.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	24	2.21%	12.97B	Jan 2010	ZBAL.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	Oct 2011	ZBAL.TO vs ZDV.TO

Often Compared With ZBAL.TO

Investors most often compare ZBAL.TO with XBAL.TO, VBAL.TO, VDY.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	63	8.27%	3.32B	Jun 2007	ZBAL.TO vs XBAL.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	71	8.40%	5.44B	Jan 2018	ZBAL.TO vs VBAL.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	23.93%	7.99B	Nov 2012	ZBAL.TO vs VDY.TO
VGRO.TO	Vanguard Growth ETF Portfolio	Diversified Portfolio	81	10.72%	10.14B	Jan 2018	ZBAL.TO vs VGRO.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	23.00%	4.13B	Apr 2011	ZBAL.TO vs XEI.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	Diversified Portfolio	70	5.29%	357.83M	Sep 2020	ZBAL.TO vs VRIF.TO
TGRO.TO	TD Growth ETF Portfolio	Diversified Portfolio	80	10.16%	—	Aug 2020	ZBAL.TO vs TGRO.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	68	7.72%	8.96B	Jan 2021	ZBAL.TO vs FBAL.NEO
ZCON.TO	BMO Conservative ETF	Diversified Portfolio	39	6.13%	107.60M	Feb 2019	ZBAL.TO vs ZCON.TO
ZMI.TO	BMO Monthly Income ETF	Diversified Portfolio	74	9.88%	236.88M	Jan 2011	ZBAL.TO vs ZMI.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	Diversified Portfolio	82	8.33%	182.80M	Aug 2018	ZBAL.TO vs HBAL.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	71	9.74%	4.70B	Jan 2021	ZBAL.TO vs FGRO.NEO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	11.92%	32.85B	Nov 2012	ZBAL.TO vs VFV.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	59	6.18%	893.34M	Jan 2018	ZBAL.TO vs VCNS.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	20.61%	5.54B	Jun 2017	ZBAL.TO vs XDIV.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	81	12.77%	19.56B	Aug 2019	ZBAL.TO vs XEQT.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	16.92%	1.70B	Jul 2021	ZBAL.TO vs HDIV.TO
ZWU.TO	BMO Covered Call Utilities ETF	Utilities Equities, Derivative Income	77	12.29%	2.20B	Oct 2011	ZBAL.TO vs ZWU.TO
ZIN.TO	BMO Equal Weight Industrials Index ETF	Industrials Equities, Equal Weight	83	20.02%	55.76M	Nov 2012	ZBAL.TO vs ZIN.TO
FBALX	Fidelity Balanced Fund	Diversified Portfolio	77	8.64%	—	Nov 1986	ZBAL.TO vs FBALX

Compare ZBAL.TO with Any Fund or Stock

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

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Pair ZBAL.TO with funds that move differently

BMO Balanced ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZBAL.TO.

Explore ZBAL.TO Diversifiers

BMO Balanced ETF (ZBAL.TO) Alternatives