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

Best Risk-Adjusted Alternatives to ZGB.TO

ZGB.TO has a PortfoliosLab risk / return rank of 32. There are 17 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	ZGB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	ZGB.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	98	793.90M	Dec 2011	ZGB.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	98	258.84M	Jul 2014	ZGB.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	89	—	Feb 2022	ZGB.TO vs ZBI.TO

Top Performing ZGB.TO Alternatives (YTD)

ZGB.TO is at 1.33% YTD. There are 5 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	ZGB.TO vs ZBI.TO
CORE.TO	PIMCO Canadian Core Bond Fund	1.90%	—	Jan 2011	ZGB.TO vs CORE.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	1.45%	4.96B	Oct 2009	ZGB.TO vs ZCS.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	1.40%	2.65B	Sep 2011	ZGB.TO vs XSH.TO
XFR.TO	iShares Floating Rate Index ETF	1.36%	793.90M	Dec 2011	ZGB.TO vs XFR.TO

Lowest Volatility Alternatives to ZGB.TO

ZGB.TO has 4.40% 1-year volatility. There are 23 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	ZGB.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	ZGB.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	0.71%	793.90M	Dec 2011	ZGB.TO vs XFR.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	0.82%	258.84M	Jul 2014	ZGB.TO vs PFL.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.80%	146.43M	Mar 2019	ZGB.TO vs XSTB.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%	2.39B	Apr 2023	ZGB.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	793.90M	Dec 2011	ZGB.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	ZGB.TO vs VVSG.TO
PFL.TO	Invesco Canadian Government Floating Rate Index ET...	-0.15%	258.84M	Jul 2014	ZGB.TO vs PFL.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	-1.21%	—	Feb 2022	ZGB.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	ZGB.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	67	11.68%	24.35B	Nov 2012	ZGB.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	12.81%	895.11M	Jan 2022	ZGB.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	35.82%	7.20B	Oct 2009	ZGB.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	87	12.42%	17.34B	May 2009	ZGB.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	30	11.95%	3.09B	Jan 2010	ZGB.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	51	15.69%	2.35B	Feb 2019	ZGB.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	57	8.71%	6.24B	Oct 2011	ZGB.TO vs ZLB.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.80%	1.86B	Oct 2011	ZGB.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	45	11.73%	1.32B	Nov 2014	ZGB.TO vs ZUQ.TO

Often Compared With ZGB.TO

Investors most often compare ZGB.TO with ZST.TO, ZSB.TO, ZDB.TO. These 19 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	55	1.42%	3.55B	Jan 2011	ZGB.TO vs ZST.TO
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	63	1.15%	181.20M	Mar 2018	ZGB.TO vs ZSB.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	28	0.94%	1.33B	Feb 2014	ZGB.TO vs ZDB.TO
ZFL.TO	BMO Long Federal Bond	Canadian Government Bonds	13	0.26%	1.30B	May 2010	ZGB.TO vs ZFL.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.16%	—	Feb 2024	ZGB.TO vs TCSH.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	Canadian Government Bonds	77	1.33%	—	Aug 2021	ZGB.TO vs XSHG.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	28	1.04%	1.65B	Nov 2006	ZGB.TO vs XGB.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	21	0.64%	711.71M	Nov 2006	ZGB.TO vs XLB.TO
TCLB.TO	TD Canadian Long Term Federal Bond ETF	Canadian Government Bonds	17	0.73%	416.62M	Nov 2019	ZGB.TO vs TCLB.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	31	0.93%	240.99M	Mar 2019	ZGB.TO vs XSAB.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	41	1.05%	983.67M	Oct 2011	ZGB.TO vs CLG.TO
ZEA.TO	BMO MSCI EAFE Index ETF	Foreign Large Cap Equities	57	11.67%	13.26B	Feb 2014	ZGB.TO vs ZEA.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	58	1.03%	929.21M	Feb 2009	ZGB.TO vs CBO.TO
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	31	1.00%	10.13B	Nov 2000	ZGB.TO vs XBB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	59	1.07%	1.65B	Nov 2011	ZGB.TO vs VSB.TO
XQB.TO	iShares High Quality Canadian Bond Index ETF	Canadian Government Bonds	31	0.97%	537.77M	Nov 2009	ZGB.TO vs XQB.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	55	0.90%	753.20M	Jan 2008	ZGB.TO vs CLF.TO
VGV.TO	Vanguard Canadian Government Bond Index ETF	Canadian Government Bonds	29	1.07%	148.39M	Jan 2017	ZGB.TO vs VGV.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	Canadian Government Bonds	14	0.38%	—	Feb 2023	ZGB.TO vs XFLB.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