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 28 ETFs in the Canadian Government Bonds category with lower expense ratios, going as low as 0.07%.

Symbol	Name	Expense Ratio	AUM	Inception
CCBI.TO	CIBC Canadian Bond Index ETF	0.07%	—	Mar 2021	ZBI.TO vs CCBI.TO
TDB.TO	TD Canadian Aggregate Bond Index ETF	0.08%	4.08B	Mar 2016	ZBI.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	ZBI.TO vs VAB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	13.09B	Jan 2010	ZBI.TO vs ZAG.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.10%	2.56B	Apr 2023	ZBI.TO vs CBIL.TO

Best Risk-Adjusted Alternatives to ZBI.TO

ZBI.TO has a PortfoliosLab risk / return rank of 88. 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	2.56B	Apr 2023	ZBI.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	ZBI.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	98	803.49M	Dec 2011	ZBI.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	98	258.84M	Jul 2014	ZBI.TO vs PFL.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	65	—	Aug 2021	ZBI.TO vs XSHG.TO

Top Performing ZBI.TO Alternatives (YTD)

ZBI.TO is at 2.05% YTD. No ETFs in the Canadian Government Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 1.49%.

Symbol	Name	YTD Return	AUM	Inception
XFR.TO	iShares Floating Rate Index ETF	1.49%	803.49M	Dec 2011	ZBI.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	1.41%	258.84M	Jul 2014	ZBI.TO vs PFL.TO
CORE.TO	PIMCO Canadian Core Bond Fund	1.30%	—	Jan 2011	ZBI.TO vs CORE.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	1.28%	214.29M	Sep 2024	ZBI.TO vs VVSG.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	1.23%	2.56B	Apr 2023	ZBI.TO vs CBIL.TO

Lowest Volatility Alternatives to ZBI.TO

ZBI.TO has 2.06% 1-year volatility. There are 10 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%	2.56B	Apr 2023	ZBI.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	ZBI.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	803.49M	Dec 2011	ZBI.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	0.80%	258.84M	Jul 2014	ZBI.TO vs PFL.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.82%	147.82M	Mar 2019	ZBI.TO vs XSTB.TO

Lowest Drawdown Alternatives to ZBI.TO

ZBI.TO has a 1-year max drawdown of -1.21%. There are 4 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%	2.56B	Apr 2023	ZBI.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	803.49M	Dec 2011	ZBI.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	ZBI.TO vs VVSG.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	-0.15%	258.84M	Jul 2014	ZBI.TO vs PFL.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	-1.35%	757.03M	Jan 2008	ZBI.TO vs CLF.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 10 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	1.36%	5.83B	Nov 2021	ZBI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	69	12.26%	24.00B	Nov 2012	ZBI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	82	13.75%	924.58M	Jan 2022	ZBI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.90%	7.10B	Oct 2009	ZBI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.49%	17.51B	May 2009	ZBI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	32	10.75%	2.90B	Jan 2010	ZBI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	49	14.56%	2.26B	Feb 2019	ZBI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	56	7.74%	6.27B	Oct 2011	ZBI.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	Oct 2011	ZBI.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Quality Factor, Large Cap Blend Equities	48	11.98%	1.29B	Nov 2014	ZBI.TO vs ZUQ.TO

Often Compared With ZBI.TO

Investors most often compare ZBI.TO with GCNS.TO, XSH.TO, ZBBB.TO. These 20 comparison targets span 12 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	48	6.49%	84.85M	Sep 2020	ZBI.TO vs GCNS.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	Short-Term Bond, Corporate Bonds, Investment Grade Bonds	64	1.42%	2.71B	Sep 2011	ZBI.TO vs XSH.TO
ZBBB.TO	BMO BBB Corporate Bond Index ETF	Corporate Bonds	—	—	20.89M	Jan 2020	ZBI.TO vs ZBBB.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	100	1.36%	2.70B	Feb 2008	ZBI.TO vs CMR.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities, Canada Equities	97	24.02%	2.30B	Mar 2001	ZBI.TO vs XFN.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	Financials Equities, Equal Weight	98	32.21%	438.68M	Feb 2008	ZBI.TO vs CEW.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	22	0.49%	1.26B	Mar 2018	ZBI.TO vs ZGB.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	61	1.53%	3.50B	Jan 2011	ZBI.TO vs ZST.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	High Yield Bonds	28	0.74%	1.15B	Jan 2010	ZBI.TO vs XHY.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	14	-0.56%	698.86M	Nov 2006	ZBI.TO vs XLB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Short-Term Bond, Canadian Government Bonds	51	0.98%	4.36B	Nov 2000	ZBI.TO vs XSB.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	Canadian Government Bonds	9	-1.40%	—	Feb 2023	ZBI.TO vs XFLB.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	22	0.41%	1.67B	Nov 2006	ZBI.TO vs XGB.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	22	0.42%	1.34B	Feb 2014	ZBI.TO vs ZDB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	55	1.06%	187.22M	Mar 2018	ZBI.TO vs ZSB.TO
ZFL.TO	BMO Long Federal Bond	Canadian Government Bonds	8	-1.11%	1.28B	May 2010	ZBI.TO vs ZFL.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.27%	—	Feb 2024	ZBI.TO vs TCSH.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	34	0.75%	990.20M	Oct 2011	ZBI.TO vs CLG.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	26	0.50%	9.99B	Nov 2000	ZBI.TO vs XBB.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Corporate Bonds	64	1.36%	4.76B	Oct 2009	ZBI.TO vs ZCS.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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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