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-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	0.28%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
KILO.TO	Purpose Gold Bullion Fund	0.28%	1.00B	Oct 2018	ZGLD.TO vs KILO.TO
HGGG.TO	Harvest Global Gold Giants Index ETF	0.40%	42.66M	Jan 2019	ZGLD.TO vs HGGG.TO
HUG.TO	Global X Gold ETF	0.54%	50.22M	Jun 2009	ZGLD.TO vs HUG.TO

Best Risk-Adjusted Alternatives to ZGLD.TO

ZGLD.TO has a PortfoliosLab risk / return rank of 29. There are 6 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	42.66M	Jan 2019	ZGLD.TO vs HGGG.TO
GLDX.TO	Global X Gold Producers Index ETF	35	—	Nov 2024	ZGLD.TO vs GLDX.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	35	3.30B	Mar 2001	ZGLD.TO vs XGD.TO
ZJG.TO	BMO Junior Gold Index ETF	34	168.31M	Jan 2010	ZGLD.TO vs ZJG.TO
ZGD.TO	BMO Equal Weight Global Gold Index ETF	31	281.50M	Nov 2012	ZGLD.TO vs ZGD.TO

Top Performing ZGLD.TO Alternatives (YTD)

ZGLD.TO is at -3.72% YTD. No ETFs in the Gold category have higher YTD returns; the top-performing alternatives shown here go as high as -3.96%.

Symbol	Name	YTD Return	AUM	Inception
CGL-C.TO	iShares Gold Bullion ETF	-3.96%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-4.13%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
VALT-U.TO	CI Gold Bullion ETF (US$ Series)	-5.81%	164.50M	Jan 2021	ZGLD.TO vs VALT-U.TO
ZGD.TO	BMO Equal Weight Global Gold Index ETF	-6.97%	281.50M	Nov 2012	ZGLD.TO vs ZGD.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-7.14%	1.99B	May 2009	ZGLD.TO vs CGL.TO

Lowest Volatility Alternatives to ZGLD.TO

ZGLD.TO has 26.76% 1-year volatility. There are 3 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	ZGLD.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	26.41%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
CGL-C.TO	iShares Gold Bullion ETF	26.75%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO.TO	Purpose Gold Bullion Fund	27.65%	1.00B	Oct 2018	ZGLD.TO vs KILO.TO
HUG.TO	Global X Gold ETF	27.75%	50.22M	Jun 2009	ZGLD.TO vs HUG.TO

Lowest Drawdown Alternatives to ZGLD.TO

ZGLD.TO has a 1-year max drawdown of -22.38%. No ETFs in the Gold category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -22.46%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CGL-C.TO	iShares Gold Bullion ETF	-22.46%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-22.56%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-24.27%	180.76M	Dec 2010	ZGLD.TO vs HGY.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-26.79%	1.99B	May 2009	ZGLD.TO vs CGL.TO
KILO.TO	Purpose Gold Bullion Fund	-26.91%	1.00B	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	1.25%	5.77B	Nov 2021	ZGLD.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.65%	24.35B	Nov 2012	ZGLD.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.44%	895.11M	Jan 2022	ZGLD.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	36.93%	7.20B	Oct 2009	ZGLD.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.95%	17.34B	May 2009	ZGLD.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	15.43%	3.09B	Jan 2010	ZGLD.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	19.67%	2.35B	Feb 2019	ZGLD.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	53	7.89%	6.24B	Oct 2011	ZGLD.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	33	1.25%	13.13B	Jan 2010	ZGLD.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.62%	1.86B	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	20	-7.38%	1.20B	—	ZGLD.TO vs MNT.TO
PHYS.TO	Sprott Physical Gold Trust		67	-5.27%	—	—	ZGLD.TO vs PHYS.TO
VALT.TO	CI Gold Bullion Fund		21	-6.91%	—	—	ZGLD.TO vs VALT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	87	14.16%	20.34B	Aug 2019	ZGLD.TO vs XEQT.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	59	17.11%	481.14B	Mar 1999	ZGLD.TO vs QQQ
XCSR.TO	iShares ESG Advanced MSCI Canada Index ETF	Canada Equities	77	11.88%	523.75M	Apr 2020	ZGLD.TO vs XCSR.TO
^GSPC	S&P 500 Index		81	10.62%	—	—	ZGLD.TO vs ^GSPC
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	2	-27.53%	1.70B	Feb 2021	ZGLD.TO vs BTCC.TO
GLCL.TO	Global X Enhanced Gold Producer Equity Covered Cal...	Gold, Precious Metals	—	—	—	Apr 2025	ZGLD.TO vs GLCL.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income, Precious Metals	25	-12.97%	468.60M	Feb 2024	ZGLD.TO vs AMAX.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	88	14.15%	15.67B	Jan 2019	ZGLD.TO vs VEQT.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	71	12.68%	323.65M	Jan 2020	ZGLD.TO vs ZWG.TO
SVR.TO	iShares Silver Bullion ETF	Silver, Precious Metals	27	-20.32%	432.24M	Jul 2009	ZGLD.TO vs SVR.TO
HURA.TO	Global X Uranium Index ETF	Uranium	14	-4.88%	193.25M	May 2019	ZGLD.TO vs HURA.TO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	25	-20.34%	135.40M	May 2016	ZGLD.TO vs SBT.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	Energy Equities, Equal Weight	89	35.62%	381.83M	Oct 2009	ZGLD.TO vs ZEO.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	29.59%	8.59B	Nov 2012	ZGLD.TO vs VDY.TO
CGXF.TO	CI Gold+ Giants Covered Call ETF Common	Gold, Precious Metals	24	-13.63%	249.45M	Mar 2022	ZGLD.TO vs CGXF.TO
VDC	Vanguard Consumer Staples ETF	Consumer Staples Equities	19	8.32%	9.10B	Jan 2004	ZGLD.TO vs VDC
CNQ.TO	Canadian Natural Resources Limited		83	31.86%	—	—	ZGLD.TO vs CNQ.TO

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.

Explore ZGLD.TO Diversifiers

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