ZBI.TO Alternatives & Similar ETFs

BMO Canadian Bank Income Index ETF (ZBI.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 ZBI.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZBI.TO

ZBI.TO charges 0.28% annually. There are 27 ETFs in the Canadian Government Bonds category with lower expense ratios, 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	ZBI.TO vs TDB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	12.80B	Jan 2010	ZBI.TO vs ZAG.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.35B	Nov 2011	ZBI.TO vs VAB.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	0.10%	9.96B	Nov 2000	ZBI.TO vs XBB.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.40B	Sep 2011	ZBI.TO vs XSH.TO

Best Risk-Adjusted Alternatives to ZBI.TO

ZBI.TO has a PortfoliosLab risk / return rank of 85. There are 4 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	ZBI.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.90M	Sep 2024	ZBI.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	ZBI.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	98	812.99M	Dec 2011	ZBI.TO vs XFR.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	59	—	Aug 2021	ZBI.TO vs XSHG.TO

Top Performing ZBI.TO Alternatives (YTD)

ZBI.TO is at 1.64% YTD. There are 6 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	ZBI.TO vs XLB.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	2.42%	—	Feb 2023	ZBI.TO vs XFLB.TO
ZFL.TO	BMO Long Federal Bond	2.39%	1.31B	May 2010	ZBI.TO vs ZFL.TO
CORE.TO	PIMCO Canadian Core Bond Fund	2.24%	—	Jan 2011	ZBI.TO vs CORE.TO
TCLB.TO	TD Canadian Long Term Federal Bond ETF	2.20%	391.68M	Nov 2019	ZBI.TO vs TCLB.TO

Lowest Volatility Alternatives to ZBI.TO

ZBI.TO has 2.02% 1-year volatility. There are 10 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	ZBI.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.36%	207.90M	Sep 2024	ZBI.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.46%	—	Feb 2024	ZBI.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	812.99M	Dec 2011	ZBI.TO vs XFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	ZBI.TO vs ZST.TO

Lowest Drawdown Alternatives to ZBI.TO

ZBI.TO has a 1-year max drawdown of -1.21%. There are 5 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	ZBI.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	812.99M	Dec 2011	ZBI.TO vs XFR.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	ZBI.TO vs TCSH.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.90M	Sep 2024	ZBI.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.53B	Jan 2011	ZBI.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	ZBI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZBI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZBI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZBI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZBI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZBI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZBI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZBI.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZBI.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZBI.TO vs ZUQ.TO

Often Compared With ZBI.TO

Investors most often compare ZBI.TO with GCNS.TO, CMR.TO, ZBBB.TO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	52	6.84%	75.91M	Sep 2020	ZBI.TO vs GCNS.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	99	0.97%	2.67B	Feb 2008	ZBI.TO vs CMR.TO
ZBBB.TO	BMO BBB Corporate Bond Index ETF	Corporate Bonds	47	1.60%	33.94M	Jan 2020	ZBI.TO vs ZBBB.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities	91	12.51%	2.24B	Mar 2001	ZBI.TO vs XFN.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	Canadian Government Bonds	41	0.89%	142.35M	Mar 2019	ZBI.TO vs XSTB.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	Financials Equities	94	15.99%	381.54M	Feb 2008	ZBI.TO vs CEW.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	19	1.62%	1.28B	Mar 2018	ZBI.TO vs ZGB.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	High Yield Bonds	32	0.95%	1.09B	Jan 2010	ZBI.TO vs XHY.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Canadian Government Bonds	41	1.03%	4.21B	Nov 2000	ZBI.TO vs XSB.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	33	0.83%	740.44M	Jan 2008	ZBI.TO vs CLF.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	27	1.12%	933.75M	Oct 2011	ZBI.TO vs CLG.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	43	0.97%	1.56B	Nov 2011	ZBI.TO vs VSB.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	18	1.57%	1.63B	Nov 2006	ZBI.TO vs XGB.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	56	1.29%	4.34B	Oct 2009	ZBI.TO vs ZCS.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	19	1.53%	1.26B	Feb 2014	ZBI.TO vs ZDB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	21	1.55%	236.66M	Mar 2019	ZBI.TO vs XSAB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	41	0.96%	173.02M	Mar 2018	ZBI.TO vs ZSB.TO
XQB.TO	iShares High Quality Canadian Bond Index ETF	Canadian Government Bonds	23	1.49%	530.34M	Nov 2009	ZBI.TO vs XQB.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	47	1.02%	913.67M	Feb 2009	ZBI.TO vs CBO.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	44	10.01%	12.24B	Feb 2014	ZBI.TO vs ZEA.TO

Compare ZBI.TO with Any Fund or Stock

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

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Diversifiers

Pair ZBI.TO with funds that move differently

BMO Canadian Bank Income Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZBI.TO.

Explore ZBI.TO Diversifiers

BMO Canadian Bank Income Index ETF (ZBI.TO) Alternatives