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BMO High Yield US Corporate Bond Index ETF (ZJK.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 1, 2026

The BMO High Yield US Corporate Bond Index ETF (ZJK) tracks an index of U.S. high-yield corporate bonds.

BMO High Yield US Corporate Bond Index ETF (ZJK.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 ZJK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZJK.TO

Among 6 ETFs in the High Yield Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.49%.

SymbolNameExpense RatioAUMInception
CVD.TO
iShares Convertible Bond Index ETF0.49%125.39MJun 2011ZJK.TO vs CVD.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETF0.55%45.27MJan 2015ZJK.TO vs XSI.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...0.56%1.12BJan 2010ZJK.TO vs XHY.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...0.61%1.50BOct 2009ZJK.TO vs ZHY.TO
NHYB.TO
NBI High Yield Bond ETF0.68%1.37BJan 2020ZJK.TO vs NHYB.TO

Best Risk-Adjusted Alternatives to ZJK.TO

ZJK.TO has a PortfoliosLab risk / return rank of 62. No ETFs in the High Yield Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 43.

SymbolNameRisk / Return RankAUMInception
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series
43
—Apr 2022ZJK.TO vs CGHY.TO
CVD.TO
iShares Convertible Bond Index ETF
34
125.39MJun 2011ZJK.TO vs CVD.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...
26
1.50BOct 2009ZJK.TO vs ZHY.TO
NHYB.TO
NBI High Yield Bond ETF
25
1.37BJan 2020ZJK.TO vs NHYB.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...
25
1.12BJan 2010ZJK.TO vs XHY.TO

Top Performing ZJK.TO Alternatives (YTD)

ZJK.TO is at 5.30% YTD. No ETFs in the High Yield Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 4.18%.

SymbolNameYTD ReturnAUMInception
CVD.TO
iShares Convertible Bond Index ETF
4.18%
125.39MJun 2011ZJK.TO vs CVD.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series
3.35%
—Apr 2022ZJK.TO vs CGHY.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...
1.22%
1.12BJan 2010ZJK.TO vs XHY.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...
1.07%
1.50BOct 2009ZJK.TO vs ZHY.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETF
0.91%
45.27MJan 2015ZJK.TO vs XSI.TO

Lowest Volatility Alternatives to ZJK.TO

ZJK.TO has 5.93% 1-year volatility. There are 4 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 3.58%.

SymbolNameVolatility 1YAUMInception
XSI.TO
iShares Short Term Strategic Fixed Income ETF3.58%45.27MJan 2015ZJK.TO vs XSI.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...4.75%1.12BJan 2010ZJK.TO vs XHY.TO
NHYB.TO
NBI High Yield Bond ETF5.40%1.37BJan 2020ZJK.TO vs NHYB.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...5.60%1.50BOct 2009ZJK.TO vs ZHY.TO
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series6.85%—Apr 2022ZJK.TO vs CGHY.TO

Lowest Drawdown Alternatives to ZJK.TO

ZJK.TO has a 1-year max drawdown of -3.69%. There are 5 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -2.18%.

SymbolNameMax Drawdown 1YAUMInception
CGHY.TO
CI High Yield Bond Private Pool ETF C$ Series
-2.18%
—Apr 2022ZJK.TO vs CGHY.TO
NHYB.TO
NBI High Yield Bond ETF
-2.42%
1.37BJan 2020ZJK.TO vs NHYB.TO
XSI.TO
iShares Short Term Strategic Fixed Income ETF
-2.42%
45.27MJan 2015ZJK.TO vs XSI.TO
XHY.TO
iShares U.S. High Yield Bond Index ETF (CAD-Hedged...
-2.87%
1.12BJan 2010ZJK.TO vs XHY.TO
ZHY.TO
BMO High Yield US Corporate Bond Hedged to CAD Ind...
-2.96%
1.50BOct 2009ZJK.TO vs ZHY.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.17%
5.76BNov 2021ZJK.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
79
13.62%
23.98BNov 2012ZJK.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
83
14.64%
852.71MJan 2022ZJK.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
32.05%
6.36BOct 2009ZJK.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
86
11.09%
17.03BMay 2009ZJK.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
43
18.49%
3.09BJan 2010ZJK.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
76
23.99%
2.30BFeb 2019ZJK.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
48
7.13%
6.32BOct 2011ZJK.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
22
2.13%
13.01BJan 2010ZJK.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
19.50%
1.83BOct 2011ZJK.TO vs ZDV.TO

Compare ZJK.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZJK.TO with funds that move differently

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

Explore ZJK.TO Diversifiers