ZGLD.TO Alternatives & Similar ETFs

BMO Gold Bullion ETF (CAD Units) (ZGLD.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 ZGLD.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZGLD.TO

ZGLD.TO charges 0.23% annually. No ETFs in the Gold category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.23%.

Symbol	Name	Expense Ratio	AUM	Inception
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	0.23%	—	Mar 2024	ZGLD.TO vs ZGLH.TO
KILO.TO	Purpose Gold Bullion Fund	0.28%	1.10B	Oct 2018	ZGLD.TO vs KILO.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	0.28%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
HGGG.TO	Harvest Global Gold Giants Index ETF	0.40%	44.36M	Jan 2019	ZGLD.TO vs HGGG.TO
HUG.TO	Global X Gold ETF	0.54%	51.66M	Jun 2009	ZGLD.TO vs HUG.TO

Best Risk-Adjusted Alternatives to ZGLD.TO

ZGLD.TO has a PortfoliosLab risk / return rank of 26. There are 7 ETFs in the Gold category with higher risk-adjusted ranks, going as high as 37.

Symbol	Name	Risk / Return Rank	AUM	Inception
HGGG.TO	Harvest Global Gold Giants Index ETF	37	44.36M	Jan 2019	ZGLD.TO vs HGGG.TO
GLDX.TO	Global X Gold Producers Index ETF	36	—	Nov 2024	ZGLD.TO vs GLDX.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	34	3.65B	Mar 2001	ZGLD.TO vs XGD.TO
ZJG.TO	BMO Junior Gold Index ETF	34	178.55M	Jan 2010	ZGLD.TO vs ZJG.TO
ZGD.TO	BMO Equal Weight Global Gold Index ETF	31	306.01M	Nov 2012	ZGLD.TO vs ZGD.TO

Top Performing ZGLD.TO Alternatives (YTD)

ZGLD.TO is at -4.14% YTD. No ETFs in the Gold category have higher YTD returns; the top-performing alternatives shown here go as high as -4.25%.

Symbol	Name	YTD Return	AUM	Inception
CGL-C.TO	iShares Gold Bullion ETF	-4.25%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-4.35%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
ZGD.TO	BMO Equal Weight Global Gold Index ETF	-6.39%	306.01M	Nov 2012	ZGLD.TO vs ZGD.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	-7.10%	3.65B	Mar 2001	ZGLD.TO vs XGD.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-8.55%	2.02B	May 2009	ZGLD.TO vs CGL.TO

Lowest Volatility Alternatives to ZGLD.TO

ZGLD.TO has 26.47% 1-year volatility. There are 2 ETFs in the Gold category with lower 1-year volatility, going as low as 25.10%.

Symbol	Name	Volatility 1Y	AUM	Inception
HGY.TO	Global X Gold Yield ETF	25.10%	191.55M	Dec 2010	ZGLD.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	26.13%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
CGL-C.TO	iShares Gold Bullion ETF	26.48%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO.TO	Purpose Gold Bullion Fund	27.43%	1.10B	Oct 2018	ZGLD.TO vs KILO.TO
HUG.TO	Global X Gold ETF	27.61%	51.66M	Jun 2009	ZGLD.TO vs HUG.TO

Lowest Drawdown Alternatives to ZGLD.TO

ZGLD.TO has a 1-year max drawdown of -22.27%. No ETFs in the Gold category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -22.35%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CGL-C.TO	iShares Gold Bullion ETF	-22.35%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-22.37%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-24.27%	191.55M	Dec 2010	ZGLD.TO vs HGY.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-26.79%	2.02B	May 2009	ZGLD.TO vs CGL.TO
KILO.TO	Purpose Gold Bullion Fund	-26.91%	1.10B	Oct 2018	ZGLD.TO vs KILO.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	ZGLD.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	73	11.92%	24.23B	Nov 2012	ZGLD.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.34%	846.16M	Jan 2022	ZGLD.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	ZGLD.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.54%	16.91B	May 2009	ZGLD.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	ZGLD.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	68	20.05%	2.39B	Feb 2019	ZGLD.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	ZGLD.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	24	2.21%	12.97B	Jan 2010	ZGLD.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	Oct 2011	ZGLD.TO vs ZDV.TO

Often Compared With ZGLD.TO

Investors most often compare ZGLD.TO with MNT.TO, PHYS.TO, VALT.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
MNT.TO	Royal Canadian Mint - Canadian Gold Reserves	Gold, Precious Metals	18	-9.79%	1.20B	—	ZGLD.TO vs MNT.TO
PHYS.TO	Sprott Physical Gold Trust		64	-5.80%	—	—	ZGLD.TO vs PHYS.TO
VALT.TO	CI Gold Bullion Fund		19	-8.39%	—	—	ZGLD.TO vs VALT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	81	12.77%	19.56B	Aug 2019	ZGLD.TO vs XEQT.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	59	15.95%	493.17B	Mar 1999	ZGLD.TO vs QQQ
XCSR.TO	iShares ESG Advanced MSCI Canada Index ETF	Canada Equities	66	8.85%	507.36M	Apr 2020	ZGLD.TO vs XCSR.TO
^GSPC	S&P 500 Index		60	7.49%	—	—	ZGLD.TO vs ^GSPC
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	1	-32.99%	1.70B	Feb 2021	ZGLD.TO vs BTCC.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	24	-11.29%	504.60M	Feb 2024	ZGLD.TO vs AMAX.TO
GLCL.TO	Global X Enhanced Gold Producer Equity Covered Cal...	Gold, Precious Metals	—	—	—	Apr 2025	ZGLD.TO vs GLCL.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	83	13.03%	14.70B	Jan 2019	ZGLD.TO vs VEQT.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	73	13.42%	319.94M	Jan 2020	ZGLD.TO vs ZWG.TO
HURA.TO	Global X Uranium Index ETF	Uranium	18	4.23%	203.35M	May 2019	ZGLD.TO vs HURA.TO
SVR.TO	iShares Silver Bullion ETF	Silver, Precious Metals	26	-21.85%	469.32M	Jul 2009	ZGLD.TO vs SVR.TO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	26	-22.15%	155.00M	May 2016	ZGLD.TO vs SBT.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	Energy Equities, Equal Weight	80	29.41%	326.77M	Oct 2009	ZGLD.TO vs ZEO.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	23.93%	7.99B	Nov 2012	ZGLD.TO vs VDY.TO
CGXF.TO	CI Gold+ Giants Covered Call ETF Common	Gold, Precious Metals	23	-11.82%	243.61M	Mar 2022	ZGLD.TO vs CGXF.TO
CNQ.TO	Canadian Natural Resources Limited		75	22.98%	—	—	ZGLD.TO vs CNQ.TO
VDC	Vanguard Consumer Staples ETF	Consumer Staples Equities	16	9.12%	9.10B	Jan 2004	ZGLD.TO vs VDC

Compare ZGLD.TO with Any Fund or Stock

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

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Diversifiers

Pair ZGLD.TO with funds that move differently

BMO Gold Bullion ETF (CAD Units) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZGLD.TO.

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BMO Gold Bullion ETF (CAD Units) (ZGLD.TO) Alternatives