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 8 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.TO	Purpose Gold Bullion Fund	0.28%	1.00B	Oct 2018	ZGD.TO vs KILO.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%	42.66M	Jan 2019	ZGD.TO vs HGGG.TO

Best Risk-Adjusted Alternatives to ZGD.TO

ZGD.TO has a PortfoliosLab risk / return rank of 32. There are 4 ETFs in the Gold category with higher risk-adjusted ranks, going as high as 39.

Symbol	Name	Risk / Return Rank	AUM	Inception
HGGG.TO	Harvest Global Gold Giants Index ETF	39	42.66M	Jan 2019	ZGD.TO vs HGGG.TO
GLDX.TO	Global X Gold Producers Index ETF	35	—	Nov 2024	ZGD.TO vs GLDX.TO
ZJG.TO	BMO Junior Gold Index ETF	35	168.31M	Jan 2010	ZGD.TO vs ZJG.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	35	3.30B	Mar 2001	ZGD.TO vs XGD.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	31	574.94M	Apr 2011	ZGD.TO vs GLCC.TO

Top Performing ZGD.TO Alternatives (YTD)

ZGD.TO is at -5.86% YTD. There are 4 ETFs in the Gold category with higher YTD returns, going as high as -3.70%.

Symbol	Name	YTD Return	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	-3.70%	—	Mar 2024	ZGD.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	-3.74%	—	Mar 2011	ZGD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-3.94%	—	Oct 2018	ZGD.TO vs KILO-B.TO
VALT-U.TO	CI Gold Bullion ETF (US$ Series)	-5.81%	164.50M	Jan 2021	ZGD.TO vs VALT-U.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-7.14%	1.99B	May 2009	ZGD.TO vs CGL.TO

Lowest Volatility Alternatives to ZGD.TO

ZGD.TO has 48.94% 1-year volatility. There are 16 ETFs in the Gold category with lower 1-year volatility, going as low as 25.34%.

Symbol	Name	Volatility 1Y	AUM	Inception
HGY.TO	Global X Gold Yield ETF	25.34%	180.76M	Dec 2010	ZGD.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	26.41%	—	Oct 2018	ZGD.TO vs KILO-B.TO
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	26.76%	—	Mar 2024	ZGD.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	26.76%	—	Mar 2011	ZGD.TO vs CGL-C.TO
KILO.TO	Purpose Gold Bullion Fund	27.65%	1.00B	Oct 2018	ZGD.TO vs KILO.TO

Lowest Drawdown Alternatives to ZGD.TO

ZGD.TO has a 1-year max drawdown of -33.55%. There are 11 ETFs in the Gold category with shallower 1-year drawdowns, going as shallow as -22.38%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ZGLD.TO	BMO Gold Bullion ETF (CAD Units)	-22.38%	—	Mar 2024	ZGD.TO vs ZGLD.TO
CGL-C.TO	iShares Gold Bullion ETF	-22.46%	—	Mar 2011	ZGD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-22.56%	—	Oct 2018	ZGD.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-24.27%	180.76M	Dec 2010	ZGD.TO vs HGY.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-26.79%	1.99B	May 2009	ZGD.TO vs CGL.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	ZGD.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	77	13.48%	24.35B	Nov 2012	ZGD.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	82	14.20%	895.11M	Jan 2022	ZGD.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	34.83%	7.20B	Oct 2009	ZGD.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	89	12.66%	17.34B	May 2009	ZGD.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	15.76%	3.09B	Jan 2010	ZGD.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	67	20.26%	2.35B	Feb 2019	ZGD.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	49	7.40%	6.24B	Oct 2011	ZGD.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.02%	13.13B	Jan 2010	ZGD.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	21.69%	1.86B	Oct 2011	ZGD.TO vs ZDV.TO

Often Compared With ZGD.TO

Investors most often compare ZGD.TO with GLD, AMAX.TO, ZMT.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GLD	SPDR Gold Shares	Gold, Precious Metals	24	-6.10%	132.10B	Nov 2004	ZGD.TO vs GLD
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-12.33%	468.60M	Feb 2024	ZGD.TO vs AMAX.TO
ZMT.TO	BMO S&P/TSX Equal Weight Global Base Metals (CAD H...	Materials, Equal Weight	55	19.77%	79.93M	Oct 2009	ZGD.TO vs ZMT.TO
GDXU	MicroSectors Gold Miners 3X Leveraged ETNs due Jun...	Leveraged Equities, Gold, Precious Metals	17	-66.52%	1.27B	Dec 2020	ZGD.TO vs GDXU
SGDM	Sprott Gold Miners ETF	Gold, Precious Metals	26	-11.81%	554.39M	Jul 2014	ZGD.TO vs SGDM
RGPM.NEO	RBC Global Precious Metals Fund	Precious Metals	31	-11.03%	—	Mar 2023	ZGD.TO vs RGPM.NEO
VOO	Vanguard S&P 500 ETF	S&P 500	67	10.87%	1.70T	Sep 2010	ZGD.TO vs VOO
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.84%	783.21B	Jan 1993	ZGD.TO vs SPY
MNT.TO	Royal Canadian Mint - Canadian Gold Reserves	Gold, Precious Metals	19	-8.71%	1.20B	—	ZGD.TO vs MNT.TO
^GSPC	S&P 500 Index		78	10.20%	—	—	ZGD.TO vs ^GSPC
XMA.TO	iShares S&P/TSX Capped Materials Index ETF	Materials	36	-4.72%	584.50M	Dec 2005	ZGD.TO vs XMA.TO
DXMO.TO	Dynamic Active Mining Opportunities ETF	Materials	43	0.49%	—	Jul 2024	ZGD.TO vs DXMO.TO
USA.TO	Americas Gold and Silver Corporation		79	-16.62%	—	—	ZGD.TO vs USA.TO
GBUG	Sprott Active Gold & Silver Miners ETF	Gold, Silver, Precious Metals	35	-11.51%	141.74M	Feb 2025	ZGD.TO vs GBUG
AYA.TO	Aya Gold & Silver Inc.		81	43.28%	—	—	ZGD.TO vs AYA.TO
KIN2.DE	Kinross Gold Corporation		75	-14.08%	—	—	ZGD.TO vs KIN2.DE
XBM.TO	iShares S&P/TSX Global Base Metals Index ETF	Energy Equities	64	17.62%	595.84M	Apr 2011	ZGD.TO vs XBM.TO
GDX	VanEck Gold Miners ETF	Gold, Precious Metals	30	-12.70%	23.05B	May 2006	ZGD.TO vs GDX
SVR-C.TO	iShares Silver Bullion ETF (Non-Hedged)	Silver, Precious Metals	31	-15.54%	—	Mar 2011	ZGD.TO vs SVR-C.TO
HUG.TO	Global X Gold ETF	Gold, Commodities, Precious Metals	20	-7.90%	50.22M	Jun 2009	ZGD.TO vs HUG.TO

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