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BMO Canadian MBS Index ETF (ZMBS.TO) Alternatives

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

The BMO Canadian MBS Index ETF (ZMBS) tracks an index of Canadian National Housing Act mortgage-backed securities.

BMO Canadian MBS Index ETF (ZMBS.TO) belongs to the Mortgage Backed Securities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZMBS.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

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

Compare ZMBS.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZMBS.TO with funds that move differently

BMO Canadian MBS Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZMBS.TO.

Explore ZMBS.TO Diversifiers