ZGD.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZGD.TO

ZGD.TO charges 0.60% annually. There are 7 ETFs in the Gold category with lower expense ratios, going as low as 0.23%.

Symbol	Name	Expense Ratio	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	0.23%	—	Mar 2024	ZGD.TO vs ZGLD.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	0.23%	—	Mar 2024	ZGD.TO vs ZGLH.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	0.28%	—	Oct 2018	ZGD.TO vs KILO-B.TO
HGGG.TO	Harvest Global Gold Giants Index ETF	0.40%	48.63M	Jan 2019	ZGD.TO vs HGGG.TO
HUG.TO	Global X Gold ETF	0.54%	55.12M	Jun 2009	ZGD.TO vs HUG.TO

Best Risk-Adjusted Alternatives to ZGD.TO

ZGD.TO has a PortfoliosLab risk / return rank of 49. No ETFs in the Gold category have higher risk-adjusted ranks; the top alternatives shown here go as high as 45.

Symbol	Name	Risk / Return Rank	AUM	Inception
HGGG.TO	Harvest Global Gold Giants Index ETF	45	48.63M	Jan 2019	ZGD.TO vs HGGG.TO
GLCL.TO	Global X Enhanced Gold Producer Equity Covered Cal...	41	—	Apr 2025	ZGD.TO vs GLCL.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	39	597.10M	Apr 2011	ZGD.TO vs GLCC.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	38	—	Oct 2018	ZGD.TO vs KILO-B.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	36	—	Mar 2024	ZGD.TO vs ZGLD.TO

Top Performing ZGD.TO Alternatives (YTD)

ZGD.TO is at 6.26% YTD. No ETFs in the Gold category have higher YTD returns; the top-performing alternatives shown here go as high as 4.39%.

Symbol	Name	YTD Return	AUM	Inception
CGL-C.TO	iShares Gold Bullion ETF	4.39%	—	Mar 2011	ZGD.TO vs CGL-C.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	4.35%	—	Mar 2024	ZGD.TO vs ZGLD.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	4.14%	—	Oct 2018	ZGD.TO vs KILO-B.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	2.15%	2.53B	May 2009	ZGD.TO vs CGL.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	2.02%	—	Mar 2024	ZGD.TO vs ZGLH.TO

Lowest Volatility Alternatives to ZGD.TO

ZGD.TO has 45.11% 1-year volatility. There are 11 ETFs in the Gold category with lower 1-year volatility, going as low as 23.45%.

Symbol	Name	Volatility 1Y	AUM	Inception
HGY.TO	Global X Gold Yield ETF	23.45%	219.30M	Dec 2010	ZGD.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	25.07%	—	Oct 2018	ZGD.TO vs KILO-B.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	25.17%	—	Mar 2024	ZGD.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	25.35%	—	Mar 2011	ZGD.TO vs CGL-C.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	25.97%	—	Mar 2024	ZGD.TO vs ZGLH.TO

Lowest Drawdown Alternatives to ZGD.TO

ZGD.TO has a 1-year max drawdown of -30.15%. There are 10 ETFs in the Gold category with shallower 1-year drawdowns, going as shallow as -17.23%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	-17.23%	—	Mar 2024	ZGD.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	-17.37%	—	Mar 2011	ZGD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-17.41%	—	Oct 2018	ZGD.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-17.47%	219.30M	Dec 2010	ZGD.TO vs HGY.TO
HUG.TO	Global X Gold ETF	-19.27%	55.12M	Jun 2009	ZGD.TO vs HUG.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	0.95%	5.70B	Nov 2021	ZGD.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZGD.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZGD.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZGD.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZGD.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZGD.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZGD.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZGD.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZGD.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZGD.TO vs ZDV.TO

Often Compared With ZGD.TO

Investors most often compare ZGD.TO with XGD.TO, GLD, AMAX.TO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XGD.TO	iShares S&P/TSX Global Gold Index ETF	Precious Metals	42	3.35%	3.59B	Mar 2001	ZGD.TO vs XGD.TO
GLD	SPDR Gold Shares	Gold, Precious Metals	32	2.92%	150.37B	Nov 2004	ZGD.TO vs GLD
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	32	-1.05%	519.30M	Feb 2024	ZGD.TO vs AMAX.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	Energy Equities	78	39.44%	85.01M	Oct 2009	ZGD.TO vs ZMT.TO
GDXU	MicroSectors Gold Miners 3X Leveraged ETN	Leveraged Equities	23	-43.81%	1.27B	Dec 2020	ZGD.TO vs GDXU
SGDM	Sprott Gold Miners ETF	Materials	34	1.41%	671.08M	Jul 2014	ZGD.TO vs SGDM
RGPM.NEO	RBC Global Precious Metals Fund	Precious Metals	39	1.34%	—	Mar 2023	ZGD.TO vs RGPM.NEO
ZJG.TO	BMO Junior Gold Index ETF	Precious Metals	41	1.53%	214.95M	Jan 2010	ZGD.TO vs ZJG.TO
VOO	Vanguard S&P 500 ETF	S&P 500	70	10.91%	1.60T	Sep 2010	ZGD.TO vs VOO
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	ZGD.TO vs SPY
GLDX.TO	Global X Gold Producers Index ETF	Commodity Producers Equities	45	-0.91%	—	Nov 2024	ZGD.TO vs GLDX.TO
MNT.TO	Royal Canadian Mint - Canadian Gold Reserves		26	-0.92%	1.20B	—	ZGD.TO vs MNT.TO
^GSPC	S&P 500 Index		73	10.35%	—	—	ZGD.TO vs ^GSPC
DXMO.TO	Dynamic Active Mining Opportunities ETF	Materials	52	11.64%	—	Jul 2024	ZGD.TO vs DXMO.TO
XMA.TO	iShares S&P/TSX Capped Materials Index ETF	Materials	46	7.60%	699.10M	Dec 2005	ZGD.TO vs XMA.TO
USA.TO	Americas Gold and Silver Corporation		84	16.62%	—	—	ZGD.TO vs USA.TO
GBUG	Sprott Active Gold & Silver Miners ETF	Gold, Silver, Commodity Producers Equities, Precious Metals	35	-2.59%	166.17M	Feb 2025	ZGD.TO vs GBUG
KIN2.DE	Kinross Gold Corporation		80	-1.10%	—	—	ZGD.TO vs KIN2.DE
AYA.TO	Aya Gold & Silver Inc.		77	39.15%	—	—	ZGD.TO vs AYA.TO
GDX	VanEck Gold Miners ETF	Gold, Precious Metals	35	-0.90%	27.13B	May 2006	ZGD.TO vs GDX

Compare ZGD.TO with Any Fund or Stock

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

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Diversifiers

Pair ZGD.TO with funds that move differently

BMO Equal Weight Global Gold Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZGD.TO.

Explore ZGD.TO Diversifiers

BMO Equal Weight Global Gold Index ETF (ZGD.TO) Alternatives