ZFS.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZFS.TO

Among 5 ETFs in the Government Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.18%.

Symbol	Name	Expense Ratio	AUM	Inception
XTLT.TO	iShares 20+ Year U.S. Treasury Bond Index ETF	0.18%	—	Feb 2023	ZFS.TO vs XTLT.TO
XTLH.TO	iShares 20+ Year U.S. Treasury Bond Index ETF (CAD...	0.18%	—	Feb 2023	ZFS.TO vs XTLH.TO
ZTL.NEO	BMO Long-Term US Treasury Bond Index ETF	0.23%	—	Feb 2017	ZFS.TO vs ZTL.NEO
HBND.TO	Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...	0.45%	199.40M	Aug 2024	ZFS.TO vs HBND.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	0.45%	258.82M	Jan 2024	ZFS.TO vs HPYM.TO

Best Risk-Adjusted Alternatives to ZFS.TO

ZFS.TO has a PortfoliosLab risk / return rank of 48. There are 2 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 83.

Symbol	Name	Risk / Return Rank	AUM	Inception
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	83	160.53M	Sep 2024	ZFS.TO vs HBIL-U.TO
ZPS.TO	BMO Short Provincial Bond Index ETF	48	393.80M	Oct 2009	ZFS.TO vs ZPS.TO
BXF.TO	CI 1-5 Year Laddered Government Strip Bond Index E...	44	37.05M	Jun 2013	ZFS.TO vs BXF.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	36	808.91M	Mar 2013	ZFS.TO vs ZMP.TO
HTB.TO	Global X US 7-10 Year Treasury Bond Index Corporat...	29	164.34M	Apr 2015	ZFS.TO vs HTB.TO

Top Performing ZFS.TO Alternatives (YTD)

ZFS.TO is at 0.90% YTD. There are 7 ETFs in the Government Bonds category with higher YTD returns, going as high as 1.67%.

Symbol	Name	YTD Return	AUM	Inception
HTB.TO	Global X US 7-10 Year Treasury Bond Index Corporat...	1.67%	164.34M	Apr 2015	ZFS.TO vs HTB.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	1.49%	808.91M	Mar 2013	ZFS.TO vs ZMP.TO
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	1.26%	160.53M	Sep 2024	ZFS.TO vs HBIL-U.TO
ZFM.TO	BMO Mid Federal Bond Index ETF	1.08%	788.99M	May 2009	ZFS.TO vs ZFM.TO
ZPS.TO	BMO Short Provincial Bond Index ETF	1.06%	393.80M	Oct 2009	ZFS.TO vs ZPS.TO

Lowest Volatility Alternatives to ZFS.TO

ZFS.TO has 1.98% 1-year volatility. There is 1 ETF in the Government Bonds category with lower 1-year volatility, going as low as 1.93%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	1.93%	160.53M	Sep 2024	ZFS.TO vs HBIL-U.TO
ZPS.TO	BMO Short Provincial Bond Index ETF	2.30%	393.80M	Oct 2009	ZFS.TO vs ZPS.TO
BXF.TO	CI 1-5 Year Laddered Government Strip Bond Index E...	3.08%	37.05M	Jun 2013	ZFS.TO vs BXF.TO
FGO.TO	CI Enhanced Government Bond ETF	4.34%	706.00M	Jul 2018	ZFS.TO vs FGO.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	4.43%	808.91M	Mar 2013	ZFS.TO vs ZMP.TO

Lowest Drawdown Alternatives to ZFS.TO

ZFS.TO has a 1-year max drawdown of -1.50%. There are 2 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -1.07%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL-U.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...	-1.07%	160.53M	Sep 2024	ZFS.TO vs HBIL-U.TO
ZPS.TO	BMO Short Provincial Bond Index ETF	-1.44%	393.80M	Oct 2009	ZFS.TO vs ZPS.TO
BXF.TO	CI 1-5 Year Laddered Government Strip Bond Index E...	-1.55%	37.05M	Jun 2013	ZFS.TO vs BXF.TO
FGO.TO	CI Enhanced Government Bond ETF	-2.82%	706.00M	Jul 2018	ZFS.TO vs FGO.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	-2.98%	808.91M	Mar 2013	ZFS.TO vs ZMP.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	1.27%	5.76B	Nov 2021	ZFS.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.23%	23.77B	Nov 2012	ZFS.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	84	14.24%	890.17M	Jan 2022	ZFS.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.28%	7.49B	Oct 2009	ZFS.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.80%	17.36B	May 2009	ZFS.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	36	14.01%	2.97B	Jan 2010	ZFS.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	63	18.72%	2.24B	Feb 2019	ZFS.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	55	7.84%	6.32B	Oct 2011	ZFS.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	31	1.17%	13.16B	Jan 2010	ZFS.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.69%	1.90B	Oct 2011	ZFS.TO vs ZDV.TO

Often Compared With ZFS.TO

Investors most often compare ZFS.TO with ZPL.TO, TULB.TO. These 2 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZPL.TO	BMO Long Provincial Bond Index ETF	Government Bonds	20	0.89%	211.52M	Mar 2013	ZFS.TO vs ZPL.TO
TULB.TO	TD U.S. Long Term Treasury Bond ETF	Government Bonds, Long-Term Bond	22	0.89%	254.46M	Nov 2019	ZFS.TO vs TULB.TO

Compare ZFS.TO with Any Fund or Stock

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

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Diversifiers

Pair ZFS.TO with funds that move differently

BMO Short Federal Bond Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZFS.TO.

Explore ZFS.TO Diversifiers

BMO Short Federal Bond Index ETF (ZFS.TO) Alternatives