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%	126.41M	Jun 2011	ZHY.TO vs CVD.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	0.55%	46.96M	Jan 2015	ZHY.TO vs XSI.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	0.56%	1.09B	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 29. There are 3 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 47.

Symbol	Name	Risk / Return Rank	AUM	Inception
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	47	—	Apr 2022	ZHY.TO vs CGHY.TO
CVD.TO	iShares Convertible Bond Index ETF	33	126.41M	Jun 2011	ZHY.TO vs CVD.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	32	1.09B	Jan 2010	ZHY.TO vs XHY.TO
NHYB.TO	NBI High Yield Bond ETF	28	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	26	46.96M	Jan 2015	ZHY.TO vs XSI.TO

Top Performing ZHY.TO Alternatives (YTD)

ZHY.TO is at 0.71% YTD. There are 3 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 3.23%.

Symbol	Name	YTD Return	AUM	Inception
CVD.TO	iShares Convertible Bond Index ETF	3.23%	126.41M	Jun 2011	ZHY.TO vs CVD.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	3.13%	—	Apr 2022	ZHY.TO vs CGHY.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	1.07%	1.09B	Jan 2010	ZHY.TO vs XHY.TO
XSI.TO	iShares Short Term Strategic Fixed Income ETF	0.69%	46.96M	Jan 2015	ZHY.TO vs XSI.TO
NHYB.TO	NBI High Yield Bond ETF	0.28%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO

Lowest Volatility Alternatives to ZHY.TO

ZHY.TO has 5.50% 1-year volatility. There are 2 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%	46.96M	Jan 2015	ZHY.TO vs XSI.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	4.68%	1.09B	Jan 2010	ZHY.TO vs XHY.TO
NHYB.TO	NBI High Yield Bond ETF	5.86%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
CGHY.TO	CI High Yield Bond Private Pool ETF C$ Series	6.36%	—	Apr 2022	ZHY.TO vs CGHY.TO
CVD.TO	iShares Convertible Bond Index ETF	7.29%	126.41M	Jun 2011	ZHY.TO vs CVD.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
XSI.TO	iShares Short Term Strategic Fixed Income ETF	-2.42%	46.96M	Jan 2015	ZHY.TO vs XSI.TO
NHYB.TO	NBI High Yield Bond ETF	-2.42%	1.37B	Jan 2020	ZHY.TO vs NHYB.TO
XHY.TO	iShares U.S. High Yield Bond Index ETF (CAD-Hedged...	-2.87%	1.09B	Jan 2010	ZHY.TO vs XHY.TO
CVD.TO	iShares Convertible Bond Index ETF	-3.95%	126.41M	Jun 2011	ZHY.TO vs CVD.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	0.99%	5.70B	Nov 2021	ZHY.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	77	12.66%	23.82B	Nov 2012	ZHY.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.63%	789.04M	Jan 2022	ZHY.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	21.18%	5.16B	Oct 2009	ZHY.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	85	12.08%	16.67B	May 2009	ZHY.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	68	19.23%	3.25B	Jan 2010	ZHY.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	75	22.24%	2.28B	Feb 2019	ZHY.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	62	4.04%	6.10B	Oct 2011	ZHY.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZHY.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	89	19.98%	1.72B	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 10 comparison targets span 8 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	96	6.11%	1.58B	Jan 2022	ZHY.TO vs ZPR.TO
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	82	13.71%	405.53M	Sep 2024	ZHY.TO vs UTES.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	44	10.45%	1.24B	Nov 2014	ZHY.TO vs ZUQ.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	Canadian Government Bonds	20	1.60%	7.35B	Nov 2011	ZHY.TO vs VAB.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	85	13.42%	14.70B	Jan 2019	ZHY.TO vs VEQT.TO
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	57	1.51%	16.11B	Apr 2007	ZHY.TO vs HYG
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	93	17.22%	1.63B	Jul 2021	ZHY.TO vs HDIV.TO
ZLC.TO	BMO Long Corporate Bond Index ETF	Long-Term Bond	18	2.51%	297.95M	Jan 2010	ZHY.TO vs ZLC.TO
ZPAY.TO	BMO Premium Yield ETF	Large Cap Growth Equities	35	5.71%	430.80M	Jan 2020	ZHY.TO vs ZPAY.TO
ZFH.TO	BMO Floating Rate High Yield ETF	High Yield Bonds	42	2.14%	246.14M	Feb 2014	ZHY.TO vs ZFH.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