ZHY.TO Alternatives & Similar ETFs

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY.TO) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZHY.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZHY.TO

ZHY.TO charges 0.61% annually. There are 3 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.49%.

Symbol	Name	Expense Ratio	AUM	Inception
CVD.TO	iShares Convertible Bond Index ETF	0.49%	125.39M	Jun 2011	ZHY.TO vs CVD.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	0.55%	45.27M	Jan 2015	ZHY.TO vs XSI.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	0.56%	1.12B	Jan 2010	ZHY.TO vs XHY.TO
NHYB.TO	NBI High Yield Bond ETF	0.68%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	0.76%	—	Apr 2022	ZHY.TO vs CGHY.TO

Best Risk-Adjusted Alternatives to ZHY.TO

ZHY.TO has a PortfoliosLab risk / return rank of 26. There are 3 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 62.

Symbol	Name	Risk / Return Rank	AUM	Inception
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	62	—	Feb 2021	ZHY.TO vs ZJK.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	43	—	Apr 2022	ZHY.TO vs CGHY.TO
CVD.TO	iShares Convertible Bond Index ETF	34	125.39M	Jun 2011	ZHY.TO vs CVD.TO
NHYB.TO	NBI High Yield Bond ETF	25	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	25	1.12B	Jan 2010	ZHY.TO vs XHY.TO

Top Performing ZHY.TO Alternatives (YTD)

ZHY.TO is at 1.07% YTD. There are 4 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 5.30%.

Symbol	Name	YTD Return	AUM	Inception
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	5.30%	—	Feb 2021	ZHY.TO vs ZJK.TO
CVD.TO	iShares Convertible Bond Index ETF	4.18%	125.39M	Jun 2011	ZHY.TO vs CVD.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	3.35%	—	Apr 2022	ZHY.TO vs CGHY.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	1.22%	1.12B	Jan 2010	ZHY.TO vs XHY.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	0.91%	45.27M	Jan 2015	ZHY.TO vs XSI.TO

Lowest Volatility Alternatives to ZHY.TO

ZHY.TO has 5.60% 1-year volatility. There are 3 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 3.58%.

Symbol	Name	Volatility 1Y	AUM	Inception
XSI.TO	iShares Short Term Strategic Fixed Income ETF	3.58%	45.27M	Jan 2015	ZHY.TO vs XSI.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	4.75%	1.12B	Jan 2010	ZHY.TO vs XHY.TO
NHYB.TO	NBI High Yield Bond ETF	5.40%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	5.93%	—	Feb 2021	ZHY.TO vs ZJK.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	6.85%	—	Apr 2022	ZHY.TO vs CGHY.TO

Lowest Drawdown Alternatives to ZHY.TO

ZHY.TO has a 1-year max drawdown of -2.96%. There are 4 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -2.18%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	-2.18%	—	Apr 2022	ZHY.TO vs CGHY.TO
NHYB.TO	NBI High Yield Bond ETF	-2.42%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	-2.42%	45.27M	Jan 2015	ZHY.TO vs XSI.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	-2.87%	1.12B	Jan 2010	ZHY.TO vs XHY.TO
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	-3.69%	—	Feb 2021	ZHY.TO vs ZJK.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	1.17%	5.76B	Nov 2021	ZHY.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	79	13.62%	23.98B	Nov 2012	ZHY.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.64%	852.71M	Jan 2022	ZHY.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.05%	6.36B	Oct 2009	ZHY.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	86	11.09%	17.03B	May 2009	ZHY.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	43	18.49%	3.09B	Jan 2010	ZHY.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	76	23.99%	2.30B	Feb 2019	ZHY.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	48	7.13%	6.32B	Oct 2011	ZHY.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	22	2.13%	13.01B	Jan 2010	ZHY.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.50%	1.83B	Oct 2011	ZHY.TO vs ZDV.TO

Often Compared With ZHY.TO

Investors most often compare ZHY.TO with ZPR.TO, UTES.TO, ZUQ.TO. These 15 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZPR.TO	BMO Laddered Preferred Share Index ETF	Preferred Stock/Convertible Bonds	97	6.91%	1.57B	Nov 2012	ZHY.TO vs ZPR.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	79	11.05%	420.88M	Sep 2024	ZHY.TO vs UTES.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	56	14.21%	1.30B	Nov 2014	ZHY.TO vs ZUQ.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	18.53%	1.71B	Jul 2021	ZHY.TO vs HDIV.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	Total Bond Market, Canadian Government Bonds, Corporate Bonds	22	2.13%	7.36B	Nov 2011	ZHY.TO vs VAB.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	87	14.24%	14.70B	Jan 2019	ZHY.TO vs VEQT.TO
VCB.TO	Vanguard Canadian Corporate Bond Index ETF	Corporate Bonds	35	1.83%	802.07M	Jan 2017	ZHY.TO vs VCB.TO
ZLC.TO	BMO Long Corporate Bond Index ETF	Long-Term Bond	17	2.50%	288.23M	Jan 2010	ZHY.TO vs ZLC.TO
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	49	1.69%	17.40B	Apr 2007	ZHY.TO vs HYG
ZFH.TO	BMO Floating Rate High Yield ETF	High Yield Bonds	42	2.65%	248.26M	Feb 2014	ZHY.TO vs ZFH.TO
ZPAY.TO	BMO Premium Yield ETF	Large Cap Growth Equities	25	6.55%	437.85M	Jan 2020	ZHY.TO vs ZPAY.TO
ZCM.TO	BMO Mid Corporate Bond Index ETF	Corporate Bonds	34	2.52%	1.47B	Jan 2010	ZHY.TO vs ZCM.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.67%	7.99B	Nov 2012	ZHY.TO vs VDY.TO
CLOZ	Panagram BBB-B CLO ETF	CLO	57	2.79%	825.65M	Jan 2023	ZHY.TO vs CLOZ
BND.TO	Purpose Global Bond Fund	Global Bonds	55	1.70%	2.50B	—	ZHY.TO vs BND.TO

Compare ZHY.TO with Any Fund or Stock

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

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Diversifiers

Pair ZHY.TO with funds that move differently

BMO High Yield US Corporate Bond Hedged to CAD Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZHY.TO.

Explore ZHY.TO Diversifiers

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY.TO) Alternatives