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
HGGG.TO	Harvest Global Gold Giants Index ETF	0.40%	48.63M	Jan 2019	ZGLD.TO vs HGGG.TO
HUG.TO	Global X Gold ETF	0.54%	55.12M	Jun 2009	ZGLD.TO vs HUG.TO
CGL-C.TO	iShares Gold Bullion ETF	0.55%	—	Mar 2011	ZGLD.TO vs CGL-C.TO

Best Risk-Adjusted Alternatives to ZGLD.TO

ZGLD.TO has a PortfoliosLab risk / return rank of 36. There are 5 ETFs in the Gold category with higher risk-adjusted ranks, going as high as 49.

Symbol	Name	Risk / Return Rank	AUM	Inception
ZGD.TO	BMO Equal Weight Global Gold Index ETF	49	356.53M	Nov 2012	ZGLD.TO vs ZGD.TO
HGGG.TO	Harvest Global Gold Giants Index ETF	45	48.63M	Jan 2019	ZGLD.TO vs HGGG.TO
GLCL.TO	Global X Enhanced Gold Producer Equity Covered Cal...	41	—	Apr 2025	ZGLD.TO vs GLCL.TO
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	39	597.10M	Apr 2011	ZGLD.TO vs GLCC.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	38	—	Oct 2018	ZGLD.TO vs KILO-B.TO

Top Performing ZGLD.TO Alternatives (YTD)

ZGLD.TO is at 4.35% YTD. There are 2 ETFs in the Gold category with higher YTD returns, going as high as 6.26%.

Symbol	Name	YTD Return	AUM	Inception
ZGD.TO	BMO Equal Weight Global Gold Index ETF	6.26%	356.53M	Nov 2012	ZGLD.TO vs ZGD.TO
CGL-C.TO	iShares Gold Bullion ETF	4.39%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	4.14%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	2.15%	2.53B	May 2009	ZGLD.TO vs CGL.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	2.02%	—	Mar 2024	ZGLD.TO vs ZGLH.TO

Lowest Volatility Alternatives to ZGLD.TO

ZGLD.TO has 25.17% 1-year volatility. There are 2 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	ZGLD.TO vs HGY.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	25.07%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
CGL-C.TO	iShares Gold Bullion ETF	25.35%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
ZGLH.TO	BMO Gold Bullion Hedged to CAD ETF	25.97%	—	Mar 2024	ZGLD.TO vs ZGLH.TO
HUG.TO	Global X Gold ETF	26.49%	55.12M	Jun 2009	ZGLD.TO vs HUG.TO

Lowest Drawdown Alternatives to ZGLD.TO

ZGLD.TO has a 1-year max drawdown of -17.23%. No ETFs in the Gold category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -17.37%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CGL-C.TO	iShares Gold Bullion ETF	-17.37%	—	Mar 2011	ZGLD.TO vs CGL-C.TO
KILO-B.TO	Purpose Gold Bullion Fund ETF Non-Currency Hedged	-17.41%	—	Oct 2018	ZGLD.TO vs KILO-B.TO
HGY.TO	Global X Gold Yield ETF	-17.47%	219.30M	Dec 2010	ZGLD.TO vs HGY.TO
HUG.TO	Global X Gold ETF	-19.27%	55.12M	Jun 2009	ZGLD.TO vs HUG.TO
CGL.TO	iShares Gold Bullion ETF (CAD-Hedged)	-19.36%	2.53B	May 2009	ZGLD.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 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	ZGLD.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZGLD.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZGLD.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZGLD.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZGLD.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZGLD.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZGLD.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZGLD.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZGLD.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZGLD.TO vs ZDV.TO

Often Compared With ZGLD.TO

Investors most often compare ZGLD.TO with KILO.TO, MNT.TO, XGD.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
KILO.TO	Purpose Gold Bullion Fund		30	2.15%	1.10B	—	ZGLD.TO vs KILO.TO
MNT.TO	Royal Canadian Mint - Canadian Gold Reserves		26	-0.92%	1.20B	—	ZGLD.TO vs MNT.TO
XGD.TO	iShares S&P/TSX Global Gold Index ETF	Precious Metals	42	3.35%	3.59B	Mar 2001	ZGLD.TO vs XGD.TO
PHYS.TO	Sprott Physical Gold Trust		73	2.89%	—	—	ZGLD.TO vs PHYS.TO
VALT.TO	CI Gold Bullion Fund		30	2.61%	—	—	ZGLD.TO vs VALT.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	ZGLD.TO vs XEQT.TO
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	ZGLD.TO vs QQQ
ZJG.TO	BMO Junior Gold Index ETF	Precious Metals	41	1.53%	214.95M	Jan 2010	ZGLD.TO vs ZJG.TO
XCSR.TO	iShares ESG Advanced MSCI Canada Index ETF	Canada Equities	58	6.62%	492.96M	Apr 2020	ZGLD.TO vs XCSR.TO
^GSPC	S&P 500 Index		73	10.35%	—	—	ZGLD.TO vs ^GSPC
BTCC.TO	Purpose Bitcoin CAD ETF Currency Hedged Units	Cryptocurrency	2	-26.80%	1.90B	Nov 2021	ZGLD.TO vs BTCC.TO
AMAX.TO	Hamilton Gold Producer YIELD MAXIMIZER ETF	Gold, Derivative Income	32	-1.05%	519.30M	Feb 2024	ZGLD.TO vs AMAX.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	81	12.75%	14.70B	Jan 2019	ZGLD.TO vs VEQT.TO
ZWG.TO	BMO Global High Dividend Covered Call ETF	Derivative Income	64	11.46%	337.99M	Jan 2020	ZGLD.TO vs ZWG.TO
HURA.TO	Global X Uranium Index ETF	Commodity Producers Equities	33	14.10%	205.13M	May 2019	ZGLD.TO vs HURA.TO
SBT.TO	Purpose Silver Bullion Fund	Silver, Precious Metals	46	2.24%	164.90M	May 2016	ZGLD.TO vs SBT.TO
SVR.TO	iShares Silver Bullion ETF	Silver, Precious Metals	45	1.77%	523.08M	Jul 2009	ZGLD.TO vs SVR.TO
ZEO.TO	BMO Equal Weight Oil & Gas Index ETF	Energy Equities	86	37.72%	340.76M	Oct 2009	ZGLD.TO vs ZEO.TO
CGXF.TO	CI Gold+ Giants Covered Call ETF Common	Gold, Precious Metals	31	-2.14%	247.50M	Mar 2022	ZGLD.TO vs CGXF.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZGLD.TO vs VDY.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