ZGB.TO Alternatives & Similar ETFs

BMO Government Bond Index ETF (ZGB.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 ZGB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZGB.TO

ZGB.TO charges 0.17% annually. There are 16 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	ZGB.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.35B	Nov 2011	ZGB.TO vs VAB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	12.80B	Jan 2010	ZGB.TO vs ZAG.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	0.10%	9.96B	Nov 2000	ZGB.TO vs XBB.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.40B	Sep 2011	ZGB.TO vs XSH.TO

Best Risk-Adjusted Alternatives to ZGB.TO

ZGB.TO has a PortfoliosLab risk / return rank of 18. There are 24 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	ZGB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.90M	Sep 2024	ZGB.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	ZGB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	98	812.99M	Dec 2011	ZGB.TO vs XFR.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	86	—	Feb 2022	ZGB.TO vs ZBI.TO

Top Performing ZGB.TO Alternatives (YTD)

ZGB.TO is at 1.73% YTD. There are 5 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.72%.

Symbol	Name	YTD Return	AUM	Inception
TCLB.TO	TD Canadian Long Term Federal Bond ETF	2.72%	391.68M	Nov 2019	ZGB.TO vs TCLB.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	2.55%	752.21M	Nov 2006	ZGB.TO vs XLB.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	2.42%	—	Feb 2023	ZGB.TO vs XFLB.TO
ZFL.TO	BMO Long Federal Bond	2.39%	1.31B	May 2010	ZGB.TO vs ZFL.TO
CORE.TO	PIMCO Canadian Core Bond Fund	2.19%	—	Jan 2011	ZGB.TO vs CORE.TO

Lowest Volatility Alternatives to ZGB.TO

ZGB.TO has 4.42% 1-year volatility. There are 23 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	ZGB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.36%	207.90M	Sep 2024	ZGB.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.46%	—	Feb 2024	ZGB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	812.99M	Dec 2011	ZGB.TO vs XFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.53B	Jan 2011	ZGB.TO vs ZST.TO

Lowest Drawdown Alternatives to ZGB.TO

ZGB.TO has a 1-year max drawdown of -2.76%. There are 20 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	ZGB.TO vs CBIL.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	ZGB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	812.99M	Dec 2011	ZGB.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.90M	Sep 2024	ZGB.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.53B	Jan 2011	ZGB.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	0.99%	5.70B	Nov 2021	ZGB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	77	12.66%	23.82B	Nov 2012	ZGB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.63%	789.04M	Jan 2022	ZGB.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	21.18%	5.16B	Oct 2009	ZGB.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	85	12.08%	16.67B	May 2009	ZGB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	68	19.23%	3.25B	Jan 2010	ZGB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	75	22.24%	2.28B	Feb 2019	ZGB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	62	4.04%	6.10B	Oct 2011	ZGB.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	89	19.98%	1.72B	Oct 2011	ZGB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	44	10.45%	1.24B	Nov 2014	ZGB.TO vs ZUQ.TO

Often Compared With ZGB.TO

Investors most often compare ZGB.TO with ZSB.TO, ZDB.TO, XSHG.TO. These 14 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	44	1.04%	173.02M	Mar 2018	ZGB.TO vs ZSB.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	19	1.53%	1.26B	Feb 2014	ZGB.TO vs ZDB.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	Canadian Government Bonds	60	1.14%	—	Aug 2021	ZGB.TO vs XSHG.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	18	1.57%	1.63B	Nov 2006	ZGB.TO vs XGB.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	Canadian Government Bonds	42	0.99%	142.35M	Mar 2019	ZGB.TO vs XSTB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	20	1.61%	236.66M	Mar 2019	ZGB.TO vs XSAB.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	26	1.12%	933.75M	Oct 2011	ZGB.TO vs CLG.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Canadian Government Bonds	42	0.99%	4.21B	Nov 2000	ZGB.TO vs XSB.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	56	1.33%	4.34B	Oct 2009	ZGB.TO vs ZCS.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Global Equities	47	10.79%	12.24B	Feb 2014	ZGB.TO vs ZEA.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	43	0.97%	1.56B	Nov 2011	ZGB.TO vs VSB.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	45	0.96%	913.67M	Feb 2009	ZGB.TO vs CBO.TO
XQB.TO	iShares High Quality Canadian Bond Index ETF	Canadian Government Bonds	21	1.43%	530.34M	Nov 2009	ZGB.TO vs XQB.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	34	0.91%	740.44M	Jan 2008	ZGB.TO vs CLF.TO

Compare ZGB.TO with Any Fund or Stock

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

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Diversifiers

Pair ZGB.TO with funds that move differently

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

Explore ZGB.TO Diversifiers

BMO Government Bond Index ETF (ZGB.TO) Alternatives