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
XTLH.TO	iShares 20+ Year U.S. Treasury Bond Index ETF (CAD...	0.18%	—	Feb 2023	ZFS.TO vs XTLH.TO
XTLT.TO	iShares 20+ Year U.S. Treasury Bond Index ETF	0.18%	—	Feb 2023	ZFS.TO vs XTLT.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%	202.50M	Aug 2024	ZFS.TO vs HBND.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	0.45%	230.93M	Jan 2024	ZFS.TO vs HPYM.TO

Best Risk-Adjusted Alternatives to ZFS.TO

ZFS.TO has a PortfoliosLab risk / return rank of 39. There is 1 ETF in the Government Bonds category with a higher risk-adjusted rank, going as high as 39.

Symbol	Name	Risk / Return Rank	AUM	Inception
ZPS.TO	BMO Short Provincial Bond Index ETF	39	—	Oct 2009	ZFS.TO vs ZPS.TO
BXF.TO	CI 1-5 Year Laddered Government Strip Bond Index E...	32	—	Jun 2013	ZFS.TO vs BXF.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	28	—	Mar 2013	ZFS.TO vs ZMP.TO
ZFM.TO	BMO Mid Federal Bond Index ETF	20	—	May 2009	ZFS.TO vs ZFM.TO
ZTL.NEO	BMO Long-Term US Treasury Bond Index ETF	20	—	Feb 2017	ZFS.TO vs ZTL.NEO

Top Performing ZFS.TO Alternatives (YTD)

ZFS.TO is at 1.19% YTD. There are 9 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.36%.

Symbol	Name	YTD Return	AUM	Inception
XTLT.TO	iShares 20+ Year U.S. Treasury Bond Index ETF	4.36%	—	Feb 2023	ZFS.TO vs XTLT.TO
ZTL.NEO	BMO Long-Term US Treasury Bond Index ETF	4.33%	—	Feb 2017	ZFS.TO vs ZTL.NEO
ZPL.TO	BMO Long Provincial Bond Index ETF	3.53%	—	Mar 2013	ZFS.TO vs ZPL.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	2.28%	—	Mar 2013	ZFS.TO vs ZMP.TO
ZFM.TO	BMO Mid Federal Bond Index ETF	1.97%	—	May 2009	ZFS.TO vs ZFM.TO

Lowest Volatility Alternatives to ZFS.TO

ZFS.TO has 1.97% 1-year volatility. No ETFs in the Government Bonds category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 2.30%.

Symbol	Name	Volatility 1Y	AUM	Inception
ZPS.TO	BMO Short Provincial Bond Index ETF	2.30%	—	Oct 2009	ZFS.TO vs ZPS.TO
BXF.TO	CI 1-5 Year Laddered Government Strip Bond Index E...	3.06%	—	Jun 2013	ZFS.TO vs BXF.TO
FGO.TO	CI Enhanced Government Bond ETF	4.42%	—	Jul 2018	ZFS.TO vs FGO.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	4.45%	—	Mar 2013	ZFS.TO vs ZMP.TO
ZFM.TO	BMO Mid Federal Bond Index ETF	4.60%	—	May 2009	ZFS.TO vs ZFM.TO

Lowest Drawdown Alternatives to ZFS.TO

ZFS.TO has a 1-year max drawdown of -1.50%. There is 1 ETF in the Government Bonds category with a shallower 1-year drawdown, going as shallow as -1.44%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZPS.TO	BMO Short Provincial Bond Index ETF	-1.44%	—	Oct 2009	ZFS.TO vs ZPS.TO
BXF.TO	CI 1-5 Year Laddered Government Strip Bond Index E...	-1.55%	—	Jun 2013	ZFS.TO vs BXF.TO
FGO.TO	CI Enhanced Government Bond ETF	-2.82%	—	Jul 2018	ZFS.TO vs FGO.TO
ZMP.TO	BMO Mid Provincial Bond Index ETF	-2.98%	—	Mar 2013	ZFS.TO vs ZMP.TO
ZFM.TO	BMO Mid Federal Bond Index ETF	-3.08%	—	May 2009	ZFS.TO vs ZFM.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	1.17%	5.76B	Nov 2021	ZFS.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	79	13.62%	23.98B	Nov 2012	ZFS.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.64%	852.71M	Jan 2022	ZFS.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.05%	6.36B	Oct 2009	ZFS.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	86	11.09%	17.03B	May 2009	ZFS.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	43	18.49%	3.09B	Jan 2010	ZFS.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	76	23.99%	2.30B	Feb 2019	ZFS.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	48	7.13%	6.32B	Oct 2011	ZFS.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	22	2.13%	13.01B	Jan 2010	ZFS.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.50%	1.83B	Oct 2011	ZFS.TO vs ZDV.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