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BMO Floating Rate High Yield ETF (ZFH.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 15, 2026

The BMO Floating Rate High Yield ETF invests in high yield corporate debt securities and Government of Canada T-Bills, focusing on floating rate securities to provide income and potential capital appreciation.

BMO Floating Rate High Yield ETF (ZFH.TO) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZFH.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZFH.TO

ZFH.TO charges 0.40% annually. There are 72 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.

SymbolNameExpense RatioAUMInception
SCYB
Schwab High Yield Bond ETF0.03%2.68BJul 2023ZFH.TO vs SCYB
SPHY
SPDR Portfolio High Yield Bond ETF0.05%11.41BJun 2012ZFH.TO vs SPHY
NHYB
Nuveen High Yield Corporate Bond ETF0.08%1.71BSep 2025ZFH.TO vs NHYB
USHY
iShares Broad USD High Yield Corporate Bond ETF0.15%28.80BOct 2017ZFH.TO vs USHY
HYLB
Xtrackers USD High Yield Corporate Bond ETF0.15%3.54BDec 2016ZFH.TO vs HYLB

Best Risk-Adjusted Alternatives to ZFH.TO

ZFH.TO has a PortfoliosLab risk / return rank of 40. There are 112 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
SUBD.AX
Vaneck Australian Subordinated Debt ETF
99
—Oct 2019ZFH.TO vs SUBD.AX
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF
96
907.20MAug 2018ZFH.TO vs BSJQ
HYZD
WisdomTree Interest Rate Hedged High Yield Bond Fu...
90
255.19MDec 2013ZFH.TO vs HYZD
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladd...
90
22.06MNov 2024ZFH.TO vs LDRH
BSJR
Invesco BulletShares 2027 High Yield Corporate Bon...
89
852.94MSep 2019ZFH.TO vs BSJR

Top Performing ZFH.TO Alternatives (YTD)

ZFH.TO is at 2.58% YTD. There are 31 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.74%.

SymbolNameYTD ReturnAUMInception
DADS
Digital Asset Debt Strategy ETF
8.74%
—Aug 2025ZFH.TO vs DADS
GFEA.DE
VanEck Global Fallen Angel High Yield Bond UCITS E...
6.65%
—Mar 2018ZFH.TO vs GFEA.DE
CVD.TO
iShares Convertible Bond Index ETF
5.33%
126.14MJun 2011ZFH.TO vs CVD.TO
MHY
Man Active High Yield ETF
5.13%
19.82MSep 2025ZFH.TO vs MHY
USHY.MI
Amundi USD High Yield Corporate Bond ESG UCITS ETF...
5.00%
—Jul 2016ZFH.TO vs USHY.MI

Lowest Volatility Alternatives to ZFH.TO

ZFH.TO has 3.74% 1-year volatility. There are 74 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.

SymbolNameVolatility 1YAUMInception
ESHY
Xtrackers J.P. Morgan ESG USD High Yield Corporate...0.00%6.49MMar 2015ZFH.TO vs ESHY
SUBD.AX
Vaneck Australian Subordinated Debt ETF0.88%—Oct 2019ZFH.TO vs SUBD.AX
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF1.35%907.20MAug 2018ZFH.TO vs BSJQ
FLRT
Pacific Global Senior Loan ETF1.47%637.48MFeb 2015ZFH.TO vs FLRT
MYHA
State Street My2027 High Yield Corporate Bond ETF1.83%4.98MFeb 2026ZFH.TO vs MYHA

Lowest Drawdown Alternatives to ZFH.TO

ZFH.TO has a 1-year max drawdown of -3.27%. There are 119 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.24%.

SymbolNameMax Drawdown 1YAUMInception
SUBD.AX
Vaneck Australian Subordinated Debt ETF
-0.24%
—Oct 2019ZFH.TO vs SUBD.AX
BSJQ
Invesco BulletShares 2026 High Yield Corp Bond ETF
-0.54%
907.20MAug 2018ZFH.TO vs BSJQ
IBHG
iShares iBonds 2027 Term High Yield and Income ETF
-0.73%
499.12MJul 2021ZFH.TO vs IBHG
BSJR
Invesco BulletShares 2027 High Yield Corporate Bon...
-1.16%
852.94MSep 2019ZFH.TO vs BSJR
IBHH
iShares iBonds 2028 Term High Yield and Income ETF
-1.22%
450.96MMar 2022ZFH.TO vs IBHH

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 9 categories. AUM among these funds goes as high as $24B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.25%
5.77BNov 2021ZFH.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
77
13.48%
24.35BNov 2012ZFH.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
82
14.20%
895.11MJan 2022ZFH.TO vs ZEQT.TO
FNGS
MicroSectors FANG+ ETNLarge Cap Growth Equities
24
11.54%
554.66MNov 2019ZFH.TO vs FNGS
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
34.83%
7.20BOct 2009ZFH.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
89
12.66%
17.34BMay 2009ZFH.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
39
15.76%
3.09BJan 2010ZFH.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.26%
2.35BFeb 2019ZFH.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
49
7.40%
6.24BOct 2011ZFH.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
27
1.02%
13.13BJan 2010ZFH.TO vs ZAG.TO

Often Compared With ZFH.TO

Investors most often compare ZFH.TO with DXV.TO, ZCS.TO, XSI.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
DXV.TO
Dynamic Active Investment Grade Floating Rate ETF
90
1.50%
344.32M—ZFH.TO vs DXV.TO
ZCS.TO
BMO Short Corporate Bond Index ETFCanadian Government Bonds
67
1.31%
4.96BOct 2009ZFH.TO vs ZCS.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETFHigh Yield Bonds
27
0.49%
45.12MJan 2015ZFH.TO vs XSI.TO
XSH.TO
iShares Core Canadian Short Term Corporate Bond In...Canadian Government Bonds
68
1.40%
2.65BSep 2011ZFH.TO vs XSH.TO
VAB.TO
Vanguard Canadian Aggregate Bond Index ETFTotal Bond Market, Canadian Government Bonds, Corporate Bonds
26
0.97%
7.52BNov 2011ZFH.TO vs VAB.TO
FLOT
iShares Floating Rate Bond ETFUltrashort Bond, Corporate Bonds
99
2.29%
10.00BJun 2011ZFH.TO vs FLOT
XSB.TO
iShares Core Canadian Short Term Bond Index ETFShort-Term Bond, Canadian Government Bonds
56
1.06%
4.31BNov 2000ZFH.TO vs XSB.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETFInflation-Protected Bonds
31
4.24%
—Jul 2021ZFH.TO vs XSTP.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...High Yield Bonds
28
1.03%
1.12BJan 2010ZFH.TO vs XHY.TO
ZSB.TO
BMO Short-Term Bond Index ETFCanadian Government Bonds
58
1.13%
181.20MMar 2018ZFH.TO vs ZSB.TO
ZCB.TO
BMO Corporate Bond Index ETFCorporate Bonds
38
1.43%
2.00BMar 2018ZFH.TO vs ZCB.TO
IS3K.DE
iShares USD Short Duration High Yield Corporate Bo...High Yield Bonds
57
4.78%
—Oct 2013ZFH.TO vs IS3K.DE
XUHY.DE
Xtrackers USD High Yield Corporate Bond UCITS ETF ...High Yield Bonds
56
4.65%
—Feb 2018ZFH.TO vs XUHY.DE
BSJO
Invesco BulletShares 2024 High Yield Corporate Bon...High Yield Bonds——437.22MSep 2016ZFH.TO vs BSJO
GFGB.L
VanEck Global Fallen Angel High Yield Bond UCITS E...High Yield Bonds
39
3.88%
42.21MMar 2018ZFH.TO vs GFGB.L
ZPR.TO
BMO Laddered Preferred Share Index ETFPreferred Stock/Convertible Bonds
97
7.75%
1.60BNov 2012ZFH.TO vs ZPR.TO
IBHE
iShares iBonds 2025 Term High Yield & Income ETFHigh Yield Bonds——364.90MMay 2019ZFH.TO vs IBHE
MNY.TO
Purpose Cash Management FundMoney Market
100
1.22%
2.90BSep 2022ZFH.TO vs MNY.TO
HYEM
VanEck Vectors Emerging Markets High Yield Bond ET...High Yield Bonds
80
4.28%
522.28MMay 2012ZFH.TO vs HYEM
IBHD
iShares iBonds 2024 Term High Yield & Income ETFHigh Yield Bonds——310.08MMay 2019ZFH.TO vs IBHD

Compare ZFH.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZFH.TO with funds that move differently

BMO Floating Rate High Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZFH.TO.

Explore ZFH.TO Diversifiers