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%	3.82B	Mar 2016	ZDB.TO vs TDB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	12.80B	Jan 2010	ZDB.TO vs ZAG.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.35B	Nov 2011	ZDB.TO vs VAB.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	0.10%	9.96B	Nov 2000	ZDB.TO vs XBB.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.40B	Sep 2011	ZDB.TO vs XSH.TO

Best Risk-Adjusted Alternatives to ZDB.TO

ZDB.TO has a PortfoliosLab risk / return rank of 19. There are 23 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	ZDB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.90M	Sep 2024	ZDB.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	ZDB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	98	812.99M	Dec 2011	ZDB.TO vs XFR.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	85	—	Feb 2022	ZDB.TO vs ZBI.TO

Top Performing ZDB.TO Alternatives (YTD)

ZDB.TO is at 1.53% YTD. There are 12 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	ZDB.TO vs XLB.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	2.42%	—	Feb 2023	ZDB.TO vs XFLB.TO
ZFL.TO	BMO Long Federal Bond	2.39%	1.31B	May 2010	ZDB.TO vs ZFL.TO
CORE.TO	PIMCO Canadian Core Bond Fund	2.24%	—	Jan 2011	ZDB.TO vs CORE.TO
TCLB.TO	TD Canadian Long Term Federal Bond ETF	2.20%	391.68M	Nov 2019	ZDB.TO vs TCLB.TO

Lowest Volatility Alternatives to ZDB.TO

ZDB.TO has 4.34% 1-year volatility. There are 19 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	ZDB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.36%	207.90M	Sep 2024	ZDB.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.46%	—	Feb 2024	ZDB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	812.99M	Dec 2011	ZDB.TO vs XFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	ZDB.TO vs ZST.TO

Lowest Drawdown Alternatives to ZDB.TO

ZDB.TO has a 1-year max drawdown of -2.79%. There are 21 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	ZDB.TO vs CBIL.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	ZDB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	812.99M	Dec 2011	ZDB.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.90M	Sep 2024	ZDB.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.53B	Jan 2011	ZDB.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	ZDB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZDB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZDB.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZDB.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZDB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZDB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZDB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZDB.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZDB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZDB.TO vs ZUQ.TO

Often Compared With ZDB.TO

Investors most often compare ZDB.TO with HSAV.TO, XSAB.TO, XDV.TO. These 20 comparison targets span 7 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	Bank Loan	66	1.04%	1.92B	Feb 2020	ZDB.TO vs HSAV.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	21	1.55%	236.66M	Mar 2019	ZDB.TO vs XSAB.TO
XDV.TO	iShares Canadian Select Dividend Index ETF	Canada Equities	97	16.45%	2.46B	Dec 2005	ZDB.TO vs XDV.TO
PSA.TO	Purpose High Interest Savings Fund	Money Market	100	0.89%	4.20B	Oct 2013	ZDB.TO vs PSA.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	19	1.62%	1.28B	Mar 2018	ZDB.TO vs ZGB.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	56	1.29%	4.34B	Oct 2009	ZDB.TO vs ZCS.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZDB.TO vs VDY.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	41	0.96%	173.02M	Mar 2018	ZDB.TO vs ZSB.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	18	1.57%	1.63B	Nov 2006	ZDB.TO vs XGB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Canadian Government Bonds	41	1.03%	4.21B	Nov 2000	ZDB.TO vs XSB.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	Canadian Government Bonds	59	1.14%	—	Aug 2021	ZDB.TO vs XSHG.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	Canadian Government Bonds	41	0.89%	142.35M	Mar 2019	ZDB.TO vs XSTB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	43	0.97%	1.56B	Nov 2011	ZDB.TO vs VSB.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	27	1.12%	933.75M	Oct 2011	ZDB.TO vs CLG.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	33	0.83%	740.44M	Jan 2008	ZDB.TO vs CLF.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	47	1.02%	913.67M	Feb 2009	ZDB.TO vs CBO.TO
GPC	Genuine Parts Company		14	-19.34%	—	—	ZDB.TO vs GPC
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	ZDB.TO vs XEQT.TO
HBB.TO	Global X Canadian Select Universe Bond Index Corpo...	Total Bond Market	19	1.48%	4.32B	May 2014	ZDB.TO vs HBB.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	44	10.01%	12.24B	Feb 2014	ZDB.TO vs ZEA.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