ZDB.TO Alternatives & Similar ETFs

BMO Discount Bond (ZDB.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 ZDB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZDB.TO

ZDB.TO charges 0.10% annually. There are 3 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	ZDB.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	ZDB.TO vs VAB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	13.13B	Jan 2010	ZDB.TO vs ZAG.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.10%	2.39B	Apr 2023	ZDB.TO vs CBIL.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.65B	Sep 2011	ZDB.TO vs XSH.TO

Best Risk-Adjusted Alternatives to ZDB.TO

ZDB.TO has a PortfoliosLab risk / return rank of 30. There are 24 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	ZDB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	ZDB.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	98	793.90M	Dec 2011	ZDB.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	97	258.84M	Jul 2014	ZDB.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	90	—	Feb 2022	ZDB.TO vs ZBI.TO

Top Performing ZDB.TO Alternatives (YTD)

ZDB.TO is at 1.07% YTD. There are 24 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.10%.

Symbol	Name	YTD Return	AUM	Inception
CORE.TO	PIMCO Canadian Core Bond Fund	2.10%	—	Jan 2011	ZDB.TO vs CORE.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	2.08%	—	Feb 2022	ZDB.TO vs ZBI.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	1.53%	4.96B	Oct 2009	ZDB.TO vs ZCS.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	1.45%	2.65B	Sep 2011	ZDB.TO vs XSH.TO
XFR.TO	iShares Floating Rate Index ETF	1.36%	793.90M	Dec 2011	ZDB.TO vs XFR.TO

Lowest Volatility Alternatives to ZDB.TO

ZDB.TO has 4.32% 1-year volatility. There are 19 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	ZDB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	ZDB.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	0.71%	793.90M	Dec 2011	ZDB.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	0.82%	258.84M	Jul 2014	ZDB.TO vs PFL.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.82%	146.43M	Mar 2019	ZDB.TO vs XSTB.TO

Lowest Drawdown Alternatives to ZDB.TO

ZDB.TO has a 1-year max drawdown of -2.79%. There are 20 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	ZDB.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	793.90M	Dec 2011	ZDB.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	ZDB.TO vs VVSG.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	-0.15%	258.84M	Jul 2014	ZDB.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	-1.21%	—	Feb 2022	ZDB.TO vs ZBI.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	1.25%	5.77B	Nov 2021	ZDB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.65%	24.35B	Nov 2012	ZDB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.44%	895.11M	Jan 2022	ZDB.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	36.93%	7.20B	Oct 2009	ZDB.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.95%	17.34B	May 2009	ZDB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	15.43%	3.09B	Jan 2010	ZDB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	19.67%	2.35B	Feb 2019	ZDB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	53	7.89%	6.24B	Oct 2011	ZDB.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.62%	1.86B	Oct 2011	ZDB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	54	13.18%	1.32B	Nov 2014	ZDB.TO vs ZUQ.TO

Often Compared With ZDB.TO

Investors most often compare ZDB.TO with HSAV.TO, ZST.TO, XSAB.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Money Market	70	1.00%	1.93B	Feb 2020	ZDB.TO vs HSAV.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	56	1.37%	3.55B	Jan 2011	ZDB.TO vs ZST.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	32	1.21%	240.99M	Mar 2019	ZDB.TO vs XSAB.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	98	25.50%	2.63B	Dec 2005	ZDB.TO vs XDV.TO
PSA.TO	Purpose High Interest Savings Fund	Money Market	99	1.15%	4.10B	Oct 2013	ZDB.TO vs PSA.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	34	1.18%	10.13B	Nov 2000	ZDB.TO vs XBB.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	32	1.33%	1.26B	Mar 2018	ZDB.TO vs ZGB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	65	1.25%	181.20M	Mar 2018	ZDB.TO vs ZSB.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	22	1.02%	711.71M	Nov 2006	ZDB.TO vs XLB.TO
ZFL.TO	BMO Long Federal Bond	Canadian Government Bonds	14	0.43%	1.30B	May 2010	ZDB.TO vs ZFL.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Short-Term Bond, Canadian Government Bonds	64	1.21%	4.31B	Nov 2000	ZDB.TO vs XSB.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	Canadian Government Bonds	71	1.23%	—	Aug 2021	ZDB.TO vs XSHG.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	29.59%	8.59B	Nov 2012	ZDB.TO vs VDY.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	30	1.25%	1.65B	Nov 2006	ZDB.TO vs XGB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	62	1.20%	1.65B	Nov 2011	ZDB.TO vs VSB.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	56	1.02%	753.20M	Jan 2008	ZDB.TO vs CLF.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	64	1.25%	929.21M	Feb 2009	ZDB.TO vs CBO.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	Canadian Government Bonds	14	0.33%	—	Feb 2023	ZDB.TO vs XFLB.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	43	1.16%	983.67M	Oct 2011	ZDB.TO vs CLG.TO
HBB.TO	Global X Canadian Select Universe Bond Index Corpo...	Total Bond Market	29	1.06%	3.07B	May 2014	ZDB.TO vs HBB.TO

Compare ZDB.TO with Any Fund or Stock

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

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Pair ZDB.TO with funds that move differently

BMO Discount Bond alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZDB.TO.

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BMO Discount Bond (ZDB.TO) Alternatives