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 15 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%	3.92B	Mar 2016	ZGB.TO vs TDB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	12.97B	Jan 2010	ZGB.TO vs ZAG.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.36B	Nov 2011	ZGB.TO vs VAB.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.10%	2.36B	Apr 2023	ZGB.TO vs CBIL.TO
ZDB.TO	BMO Discount Bond	0.10%	1.32B	Feb 2014	ZGB.TO vs ZDB.TO

Best Risk-Adjusted Alternatives to ZGB.TO

ZGB.TO has a PortfoliosLab risk / return rank of 23. There are 22 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	2.36B	Apr 2023	ZGB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.91M	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	814.44M	Dec 2011	ZGB.TO vs XFR.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	81	—	Feb 2022	ZGB.TO vs ZBI.TO

Top Performing ZGB.TO Alternatives (YTD)

ZGB.TO is at 2.31% YTD. There are 4 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 3.40%.

Symbol	Name	YTD Return	AUM	Inception
ZFL.TO	BMO Long Federal Bond	3.40%	1.30B	May 2010	ZGB.TO vs ZFL.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	3.15%	746.99M	Nov 2006	ZGB.TO vs XLB.TO
CORE.TO	PIMCO Canadian Core Bond Fund	3.05%	—	Jan 2011	ZGB.TO vs CORE.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	2.84%	—	Feb 2023	ZGB.TO vs XFLB.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	2.26%	1.67B	Nov 2006	ZGB.TO vs XGB.TO

Lowest Volatility Alternatives to ZGB.TO

ZGB.TO has 4.55% 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%	2.36B	Apr 2023	ZGB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	207.91M	Sep 2024	ZGB.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.45%	—	Feb 2024	ZGB.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	814.44M	Dec 2011	ZGB.TO vs XFR.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	1.08%	3.54B	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 19 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%	2.36B	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%	814.44M	Dec 2011	ZGB.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.91M	Sep 2024	ZGB.TO vs VVSG.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	-1.01%	3.54B	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 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	1.11%	5.68B	Nov 2021	ZGB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	73	11.92%	24.23B	Nov 2012	ZGB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.34%	846.16M	Jan 2022	ZGB.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	ZGB.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.54%	16.91B	May 2009	ZGB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	ZGB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	68	20.05%	2.39B	Feb 2019	ZGB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	ZGB.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	Oct 2011	ZGB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.92%	1.30B	Nov 2014	ZGB.TO vs ZUQ.TO

Often Compared With ZGB.TO

Investors most often compare ZGB.TO with ZSB.TO, XSH.TO, XSHG.TO. These 15 comparison targets span 4 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	51	1.39%	171.36M	Mar 2018	ZGB.TO vs ZSB.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	Canadian Government Bonds	60	1.54%	2.47B	Sep 2011	ZGB.TO vs XSH.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	Canadian Government Bonds	71	1.48%	—	Aug 2021	ZGB.TO vs XSHG.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	Canadian Government Bonds	50	1.29%	142.84M	Mar 2019	ZGB.TO vs XSTB.TO
TCLB.TO	TD Canadian Long Term Federal Bond ETF	Canadian Government Bonds	9	2.25%	403.15M	Nov 2019	ZGB.TO vs TCLB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	24	2.11%	239.22M	Mar 2019	ZGB.TO vs XSAB.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	32	1.71%	972.81M	Oct 2011	ZGB.TO vs CLG.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	66	1.69%	4.77B	Oct 2009	ZGB.TO vs ZCS.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Short-Term Bond, Canadian Government Bonds	49	1.36%	4.28B	Nov 2000	ZGB.TO vs XSB.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	54	12.12%	13.21B	Feb 2014	ZGB.TO vs ZEA.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	51	1.23%	920.52M	Feb 2009	ZGB.TO vs CBO.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	24	2.12%	10.10B	Nov 2000	ZGB.TO vs XBB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	49	1.32%	1.56B	Nov 2011	ZGB.TO vs VSB.TO
XQB.TO	iShares High Quality Canadian Bond Index ETF	Canadian Government Bonds	25	1.97%	537.89M	Nov 2009	ZGB.TO vs XQB.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	41	1.23%	755.28M	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