ZMI.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZMI.TO

ZMI.TO charges 0.18% annually. There are 2 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.15%.

Symbol	Name	Expense Ratio	AUM	Inception
ZCON.TO	BMO Conservative ETF	0.15%	107.60M	Feb 2019	ZMI.TO vs ZCON.TO
TGRO.TO	TD Growth ETF Portfolio	0.17%	—	Aug 2020	ZMI.TO vs TGRO.TO
ZGRO.TO	BMO Growth ETF	0.18%	767.07M	Feb 2019	ZMI.TO vs ZGRO.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	105.18M	Jan 2020	ZMI.TO vs ZESG.TO
XGRO.TO	iShares Core Growth ETF Portfolio	0.20%	4.97B	Jun 2007	ZMI.TO vs XGRO.TO

Best Risk-Adjusted Alternatives to ZMI.TO

ZMI.TO has a PortfoliosLab risk / return rank of 74. There are 7 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
GRO.TO	Franklin Growth ETF Portfolio	93	—	Feb 2019	ZMI.TO vs GRO.TO
CEQT.TO	CI Equity Asset Allocation ETF	92	—	May 2023	ZMI.TO vs CEQT.TO
MGRW.TO	Mackenzie Growth Allocation ETF	85	—	Sep 2020	ZMI.TO vs MGRW.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	82	182.80M	Aug 2018	ZMI.TO vs HBAL.TO
VGRO.TO	Vanguard Growth ETF Portfolio	81	10.14B	Jan 2018	ZMI.TO vs VGRO.TO

Top Performing ZMI.TO Alternatives (YTD)

ZMI.TO is at 9.88% YTD. There are 10 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.29%.

Symbol	Name	YTD Return	AUM	Inception
GGRO.TO	iShares ESG Growth ETF Portfolio	13.29%	261.72M	Sep 2020	ZMI.TO vs GGRO.TO
CEQT.TO	CI Equity Asset Allocation ETF	13.27%	—	May 2023	ZMI.TO vs CEQT.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	11.26%	—	Jan 2022	ZMI.TO vs FEQT.NEO
ZGRO.TO	BMO Growth ETF	10.93%	767.07M	Feb 2019	ZMI.TO vs ZGRO.TO
VGRO.TO	Vanguard Growth ETF Portfolio	10.72%	10.14B	Jan 2018	ZMI.TO vs VGRO.TO

Lowest Volatility Alternatives to ZMI.TO

ZMI.TO has 7.22% 1-year volatility. There are 9 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	—	Jun 2021	ZMI.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	3.25%	693.10M	Nov 2018	ZMI.TO vs PYF.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	4.78%	254.60M	Jan 2019	ZMI.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	4.95%	124.55M	Aug 2019	ZMI.TO vs XINC.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	5.57%	357.83M	Sep 2020	ZMI.TO vs VRIF.TO

Lowest Drawdown Alternatives to ZMI.TO

ZMI.TO has a 1-year max drawdown of -4.75%. There are 6 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	—	Jun 2021	ZMI.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	-2.11%	693.10M	Nov 2018	ZMI.TO vs PYF.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	124.55M	Aug 2019	ZMI.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	254.60M	Jan 2019	ZMI.TO vs VCIP.TO
XTR.TO	iShares Diversified Monthly Income ETF	-3.84%	378.56M	Dec 2005	ZMI.TO vs XTR.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	1.11%	5.68B	Nov 2021	ZMI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	73	11.92%	24.23B	Nov 2012	ZMI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	80	13.34%	846.16M	Jan 2022	ZMI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	30.07%	6.15B	Oct 2009	ZMI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	83	10.54%	16.91B	May 2009	ZMI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	39	14.23%	3.24B	Jan 2010	ZMI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	68	20.05%	2.39B	Feb 2019	ZMI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	51	7.81%	6.18B	Oct 2011	ZMI.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	24	2.21%	12.97B	Jan 2010	ZMI.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	97	19.41%	1.83B	Oct 2011	ZMI.TO vs ZDV.TO

Often Compared With ZMI.TO

Investors most often compare ZMI.TO with XDIV.TO, VDY.TO, VBAL.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	20.61%	5.54B	Jun 2017	ZMI.TO vs XDIV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	23.93%	7.99B	Nov 2012	ZMI.TO vs VDY.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	71	8.40%	5.44B	Jan 2018	ZMI.TO vs VBAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	23.00%	4.13B	Apr 2011	ZMI.TO vs XEI.TO
ZBAL.TO	BMO Balanced ETF	Global Allocation	66	8.44%	621.59M	Jan 2022	ZMI.TO vs ZBAL.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	68	7.72%	8.96B	Jan 2021	ZMI.TO vs FBAL.NEO
TQGM.TO	TD Q Global Multifactor ETF	Multi-factor	88	14.38%	1.25B	Nov 2019	ZMI.TO vs TQGM.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	37	12.59%	2.41B	Mar 2013	ZMI.TO vs ZLU.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	63	8.27%	3.32B	Jun 2007	ZMI.TO vs XBAL.TO
LDUR	PIMCO Enhanced Low Duration Active ETF	Short-Term Bond	91	1.19%	1.36B	Jan 2014	ZMI.TO vs LDUR
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	50	4.50%	—	Apr 2025	ZMI.TO vs MIX.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	68	6.11%	408.41M	Aug 2019	ZMI.TO vs XCNS.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	59	6.18%	893.34M	Jan 2018	ZMI.TO vs VCNS.TO
ZIN.TO	BMO Equal Weight Industrials Index ETF	Industrials Equities, Equal Weight	83	20.02%	55.76M	Nov 2012	ZMI.TO vs ZIN.TO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	56	7.86%	78.91M	Sep 2020	ZMI.TO vs GCNS.TO
TCON.TO	TD Conservative ETF Portfolio	Diversified Portfolio	69	5.90%	—	Aug 2020	ZMI.TO vs TCON.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	71	9.74%	4.70B	Jan 2021	ZMI.TO vs FGRO.NEO
CEQP.TO	CI Equity+ Asset Allocation ETF	Diversified Portfolio	—	—	—	Jan 2026	ZMI.TO vs CEQP.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	47	10.92%	1.30B	Nov 2014	ZMI.TO vs ZUQ.TO
GBAL.TO	iShares ESG Balanced ETF Portfolio	Diversified Portfolio	64	9.95%	266.94M	Sep 2020	ZMI.TO vs GBAL.TO

Compare ZMI.TO with Any Fund or Stock

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

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Pair ZMI.TO with funds that move differently

BMO Monthly Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZMI.TO.

Explore ZMI.TO Diversifiers

BMO Monthly Income ETF (ZMI.TO) Alternatives