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 25 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%	4.07B	Mar 2016	ZBI.TO vs TDB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	13.13B	Jan 2010	ZBI.TO vs ZAG.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	ZBI.TO vs VAB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	0.10%	4.31B	Nov 2000	ZBI.TO vs XSB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	0.10%	181.20M	Mar 2018	ZBI.TO vs ZSB.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	2.39B	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	793.90M	Dec 2011	ZBI.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	97	258.84M	Jul 2014	ZBI.TO vs PFL.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	67	—	Aug 2021	ZBI.TO vs XSHG.TO

Top Performing ZBI.TO Alternatives (YTD)

ZBI.TO is at 1.95% YTD. No ETFs in the Canadian Government Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 1.95%.

Symbol	Name	YTD Return	AUM	Inception
CORE.TO	PIMCO Canadian Core Bond Fund	1.95%	—	Jan 2011	ZBI.TO vs CORE.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	1.35%	2.65B	Sep 2011	ZBI.TO vs XSH.TO
XFR.TO	iShares Floating Rate Index ETF	1.31%	793.90M	Dec 2011	ZBI.TO vs XFR.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	1.31%	4.96B	Oct 2009	ZBI.TO vs ZCS.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	1.26%	258.84M	Jul 2014	ZBI.TO vs PFL.TO

Lowest Volatility Alternatives to ZBI.TO

ZBI.TO has 2.09% 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%	2.39B	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	0.71%	793.90M	Dec 2011	ZBI.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	0.82%	258.84M	Jul 2014	ZBI.TO vs PFL.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.83%	146.43M	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%	2.39B	Apr 2023	ZBI.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	793.90M	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
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	-1.35%	146.43M	Mar 2019	ZBI.TO vs XSTB.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	1.23%	5.77B	Nov 2021	ZBI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.73%	24.35B	Nov 2012	ZBI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.24%	895.11M	Jan 2022	ZBI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.86%	7.20B	Oct 2009	ZBI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.42%	17.34B	May 2009	ZBI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	14.55%	3.09B	Jan 2010	ZBI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	19.68%	2.35B	Feb 2019	ZBI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	7.77%	6.24B	Oct 2011	ZBI.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.35%	1.86B	Oct 2011	ZBI.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	57	13.81%	1.32B	Nov 2014	ZBI.TO vs ZUQ.TO

Often Compared With ZBI.TO

Investors most often compare ZBI.TO with GCNS.TO, ZBBB.TO, CMR.TO. These 20 comparison targets span 10 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	49	7.57%	81.12M	Sep 2020	ZBI.TO vs GCNS.TO
ZBBB.TO	BMO BBB Corporate Bond Index ETF	Corporate Bonds	61	1.74%	20.89M	Jan 2020	ZBI.TO vs ZBBB.TO
CMR.TO	iShares Premium Money Market ETF	Money Market	100	1.23%	2.63B	Feb 2008	ZBI.TO vs CMR.TO
XFN.TO	iShares S&P/TSX Capped Financials Index ETF	Financials Equities, Canada Equities	97	24.16%	2.34B	Mar 2001	ZBI.TO vs XFN.TO
CEW.TO	iShares Equal Weight Banc & Lifeco ETF	Financials Equities, Equal Weight	97	30.75%	435.32M	Feb 2008	ZBI.TO vs CEW.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	23	0.87%	1.26B	Mar 2018	ZBI.TO vs ZGB.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	55	1.35%	3.55B	Jan 2011	ZBI.TO vs ZST.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	High Yield Bonds	28	0.85%	1.12B	Jan 2010	ZBI.TO vs XHY.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	17	0.64%	711.71M	Nov 2006	ZBI.TO vs XLB.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	48	0.84%	753.20M	Jan 2008	ZBI.TO vs CLF.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	Canadian Government Bonds	11	-0.06%	—	Feb 2023	ZBI.TO vs XFLB.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.13%	—	Feb 2024	ZBI.TO vs TCSH.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	24	1.04%	1.65B	Nov 2006	ZBI.TO vs XGB.TO
ZFL.TO	BMO Long Federal Bond	Canadian Government Bonds	11	0.18%	1.30B	May 2010	ZBI.TO vs ZFL.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	24	0.94%	1.33B	Feb 2014	ZBI.TO vs ZDB.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	36	0.99%	983.67M	Oct 2011	ZBI.TO vs CLG.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	27	0.97%	10.13B	Nov 2000	ZBI.TO vs XBB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	54	0.98%	1.65B	Nov 2011	ZBI.TO vs VSB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	27	0.93%	240.99M	Mar 2019	ZBI.TO vs XSAB.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	56	0.98%	929.21M	Feb 2009	ZBI.TO vs CBO.TO

Compare ZBI.TO with Any Fund or Stock

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

Symbol name

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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.

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