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%	126.81M	Jun 2011	ZHY.TO vs CVD.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	0.55%	45.15M	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 33. There are 5 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 61.

Symbol	Name	Risk / Return Rank	AUM	Inception
DXO.TO	Dynamic Active Crossover Bond ETF	61	96.39M	Jan 2017	ZHY.TO vs DXO.TO
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	58	1.73B	Feb 2021	ZHY.TO vs ZJK.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	49	—	Apr 2022	ZHY.TO vs CGHY.TO
XFLI.TO	iShares Flexible Monthly Income ETF CAD	45	557.60M	Sep 2024	ZHY.TO vs XFLI.TO
CVD.TO	iShares Convertible Bond Index ETF	41	126.81M	Jun 2011	ZHY.TO vs CVD.TO

Top Performing ZHY.TO Alternatives (YTD)

ZHY.TO is at 0.97% YTD. There are 6 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 5.16%.

Symbol	Name	YTD Return	AUM	Inception
CVD.TO	iShares Convertible Bond Index ETF	5.16%	126.81M	Jun 2011	ZHY.TO vs CVD.TO
ZJK.TO	BMO High Yield US Corporate Bond Index ETF	4.64%	1.73B	Feb 2021	ZHY.TO vs ZJK.TO
XFLI.TO	iShares Flexible Monthly Income ETF CAD	3.57%	557.60M	Sep 2024	ZHY.TO vs XFLI.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	3.26%	—	Apr 2022	ZHY.TO vs CGHY.TO
DXO.TO	Dynamic Active Crossover Bond ETF	1.60%	96.39M	Jan 2017	ZHY.TO vs DXO.TO

Lowest Volatility Alternatives to ZHY.TO

ZHY.TO has 5.38% 1-year volatility. There are 5 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 3.34%.

Symbol	Name	Volatility 1Y	AUM	Inception
DXO.TO	Dynamic Active Crossover Bond ETF	3.34%	96.39M	Jan 2017	ZHY.TO vs DXO.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	3.59%	45.15M	Jan 2015	ZHY.TO vs XSI.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	4.57%	1.12B	Jan 2010	ZHY.TO vs XHY.TO
TUHY.TO	TD Active U.S. High Yield Bond ETF	5.08%	573.43M	Nov 2019	ZHY.TO vs TUHY.TO
NHYB.TO	NBI High Yield Bond ETF	5.36%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO

Lowest Drawdown Alternatives to ZHY.TO

ZHY.TO has a 1-year max drawdown of -2.96%. There are 5 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
DXO.TO	Dynamic Active Crossover Bond ETF	-2.41%	96.39M	Jan 2017	ZHY.TO vs DXO.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%	45.15M	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

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	1.27%	5.76B	Nov 2021	ZHY.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.23%	23.77B	Nov 2012	ZHY.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	84	14.24%	890.17M	Jan 2022	ZHY.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.28%	7.49B	Oct 2009	ZHY.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.80%	17.36B	May 2009	ZHY.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	36	14.01%	2.97B	Jan 2010	ZHY.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	63	18.72%	2.24B	Feb 2019	ZHY.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	55	7.84%	6.32B	Oct 2011	ZHY.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	31	1.17%	13.16B	Jan 2010	ZHY.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.69%	1.90B	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 20 comparison targets span 14 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	8.74%	1.62B	Nov 2012	ZHY.TO vs ZPR.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	80	12.50%	449.10M	Sep 2024	ZHY.TO vs UTES.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	54	12.48%	1.29B	Nov 2014	ZHY.TO vs ZUQ.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	Total Bond Market, Canadian Government Bonds, Corporate Bonds	30	1.01%	7.52B	Nov 2011	ZHY.TO vs VAB.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.40%	1.76B	Jul 2021	ZHY.TO vs HDIV.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	87	13.85%	15.67B	Jan 2019	ZHY.TO vs VEQT.TO
ZLC.TO	BMO Long Corporate Bond Index ETF	Long-Term Bond	22	0.41%	281.81M	Jan 2010	ZHY.TO vs ZLC.TO
VCB.TO	Vanguard Canadian Corporate Bond Index ETF	Corporate Bonds	44	1.18%	821.62M	Jan 2017	ZHY.TO vs VCB.TO
CLOZ	Panagram BBB-B CLO ETF	CLO	61	3.13%	825.65M	Jan 2023	ZHY.TO vs CLOZ
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	59	1.75%	16.52B	Apr 2007	ZHY.TO vs HYG
ZFH.TO	BMO Floating Rate High Yield ETF	High Yield Bonds	42	2.65%	250.56M	Feb 2014	ZHY.TO vs ZFH.TO
ZCM.TO	BMO Mid Corporate Bond Index ETF	Corporate Bonds	42	1.68%	1.49B	Jan 2010	ZHY.TO vs ZCM.TO
ZPAY.TO	BMO Premium Yield ETF	Large Cap Growth Equities	31	7.86%	440.81M	Jan 2020	ZHY.TO vs ZPAY.TO
BND.TO	Purpose Global Bond Fund	Global Bonds	47	0.61%	2.50B	—	ZHY.TO vs BND.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.56%	8.59B	Nov 2012	ZHY.TO vs VDY.TO
ZAAA.NEO	BMO AAA CLO ETF	CLO	70	5.25%	—	May 2025	ZHY.TO vs ZAAA.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	Derivative Income	98	32.14%	1.31B	Feb 2022	ZHY.TO vs BANK.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	Canadian Government Bonds	90	2.18%	—	Feb 2022	ZHY.TO vs ZBI.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Canadian Government Bonds	75	1.53%	4.84B	Oct 2009	ZHY.TO vs ZCS.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	59	1.44%	3.54B	Jan 2011	ZHY.TO vs ZST.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