ZFL.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZFL.TO

ZFL.TO charges 0.22% annually. There are 23 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	ZFL.TO vs TDB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	13.13B	Jan 2010	ZFL.TO vs ZAG.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	ZFL.TO vs VAB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	0.10%	4.31B	Nov 2000	ZFL.TO vs XSB.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.10%	2.39B	Apr 2023	ZFL.TO vs CBIL.TO

Best Risk-Adjusted Alternatives to ZFL.TO

ZFL.TO has a PortfoliosLab risk / return rank of 13. There are 29 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	ZFL.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	ZFL.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	98	793.90M	Dec 2011	ZFL.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	98	258.84M	Jul 2014	ZFL.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	89	—	Feb 2022	ZFL.TO vs ZBI.TO

Top Performing ZFL.TO Alternatives (YTD)

ZFL.TO is at 0.26% YTD. There are 29 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.05%.

Symbol	Name	YTD Return	AUM	Inception
ZBI.TO	BMO Canadian Bank Income Index ETF	2.05%	—	Feb 2022	ZFL.TO vs ZBI.TO
CORE.TO	PIMCO Canadian Core Bond Fund	1.90%	—	Jan 2011	ZFL.TO vs CORE.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	1.45%	4.96B	Oct 2009	ZFL.TO vs ZCS.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	1.40%	2.65B	Sep 2011	ZFL.TO vs XSH.TO
XFR.TO	iShares Floating Rate Index ETF	1.36%	793.90M	Dec 2011	ZFL.TO vs XFR.TO

Lowest Volatility Alternatives to ZFL.TO

ZFL.TO has 9.48% 1-year volatility. There are 28 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	ZFL.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	ZFL.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	0.71%	793.90M	Dec 2011	ZFL.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	0.82%	258.84M	Jul 2014	ZFL.TO vs PFL.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.80%	146.43M	Mar 2019	ZFL.TO vs XSTB.TO

Lowest Drawdown Alternatives to ZFL.TO

ZFL.TO has a 1-year max drawdown of -6.58%. There are 28 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	ZFL.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	793.90M	Dec 2011	ZFL.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	ZFL.TO vs VVSG.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	-0.15%	258.84M	Jul 2014	ZFL.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	-1.21%	—	Feb 2022	ZFL.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	ZFL.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	67	11.68%	24.35B	Nov 2012	ZFL.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	12.81%	895.11M	Jan 2022	ZFL.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	35.82%	7.20B	Oct 2009	ZFL.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	87	12.42%	17.34B	May 2009	ZFL.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	30	11.95%	3.09B	Jan 2010	ZFL.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	51	15.69%	2.35B	Feb 2019	ZFL.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	57	8.71%	6.24B	Oct 2011	ZFL.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.80%	1.86B	Oct 2011	ZFL.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	45	11.73%	1.32B	Nov 2014	ZFL.TO vs ZUQ.TO

Often Compared With ZFL.TO

Investors most often compare ZFL.TO with XLB.TO, TLT, XBB.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	21	0.64%	711.71M	Nov 2006	ZFL.TO vs XLB.TO
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	16	-0.83%	42.18B	Jul 2002	ZFL.TO vs TLT
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	31	1.00%	10.13B	Nov 2000	ZFL.TO vs XBB.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	55	1.42%	3.55B	Jan 2011	ZFL.TO vs ZST.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	Canadian Government Bonds	14	0.38%	—	Feb 2023	ZFL.TO vs XFLB.TO
XSE.TO	iShares Conservative Strategic Fixed Income ETF	Intermediate Core Bond	24	0.14%	64.37M	Sep 2015	ZFL.TO vs XSE.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	80	12.57%	20.34B	Aug 2019	ZFL.TO vs XEQT.TO
VGT	Vanguard Information Technology ETF	Technology Equities	46	20.30%	170.10B	Mar 2004	ZFL.TO vs VGT
XTLT.TO	iShares 20+ Year U.S. Treasury Bond Index ETF	Government Bonds, Long-Term Bond	16	1.17%	—	Feb 2023	ZFL.TO vs XTLT.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	32	1.33%	1.26B	Mar 2018	ZFL.TO vs ZGB.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	63	1.15%	181.20M	Mar 2018	ZFL.TO vs ZSB.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	28	0.94%	1.33B	Feb 2014	ZFL.TO vs ZDB.TO
XSTP.TO	iShares 0-5 Year TIPS Bond Index ETF	Inflation-Protected Bonds	28	4.00%	—	Jul 2021	ZFL.TO vs XSTP.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	Canadian Government Bonds	77	1.33%	—	Aug 2021	ZFL.TO vs XSHG.TO
ZCB.TO	BMO Corporate Bond Index ETF	Corporate Bonds	42	1.45%	2.00B	Mar 2018	ZFL.TO vs ZCB.TO
EDV	Vanguard Extended Duration Treasury ETF	Government Bonds, Long-Term Bond	13	-1.91%	4.30B	Dec 2007	ZFL.TO vs EDV
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	37	0.28%	138.36B	Sep 2003	ZFL.TO vs AGG
TCLB.TO	TD Canadian Long Term Federal Bond ETF	Canadian Government Bonds	17	0.73%	416.62M	Nov 2019	ZFL.TO vs TCLB.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.16%	—	Feb 2024	ZFL.TO vs TCSH.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	86	12.22%	16.37B	Aug 2013	ZFL.TO vs VCN.TO

Compare ZFL.TO with Any Fund or Stock

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

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Pair ZFL.TO with funds that move differently

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

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BMO Long Federal Bond (ZFL.TO) Alternatives