BMO Canadian MBS Index ETF (ZMBS.TO)

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BMO Canadian MBS Index ETF (ZMBS.TO) is up 1.3% since the beginning of the year. ZMBS.TO is currently trading at CA$31 per share. Investors who bought CA$1,000 worth of ZMBS.TO shares 5 years ago would now be looking at an investment worth CA$1,089.

BMO Canadian MBS Index ETF (ZMBS.TO) has returned 1.27% so far this year and 1.45% over the past 12 months.

Based on dividend-adjusted daily data since Feb 13, 2020, ZMBS.TO's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 74% of months were positive and 26% were negative. The best month was Nov 2023 with a return of +1.2%, while the worst month was Dec 2025 at -1.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZMBS.TO closed higher 37% of trading days. The best single day was Dec 8, 2025 with a return of +1.4%, while the worst single day was Dec 9, 2025 at -1.6%.

BMO Canadian MBS Index ETF has an annualized alpha of 2.07%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 13, 2020.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.90%) than losses (0.74%) - typical of diversified or defensive assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ZMBS.TO ranks 14 for risk / return — in the bottom 14% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

BMO Canadian MBS Index ETF provided a 2.84% dividend yield over the last twelve months, with an annual payout of CA$0.87 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for BMO Canadian MBS Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO Canadian MBS Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO Canadian MBS Index ETF was 5.53%, occurring on Oct 20, 2022. Recovery took 359 trading sessions.

The current BMO Canadian MBS Index ETF drawdown is 1.49%.

The chart below shows the rolling one-month volatility.