BMO Monthly Income ETF (ZMI.TO) Alternatives

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 funds that fit a different role in your portfolio.

Cheapest Alternatives to ZMI.TO

ZMI.TO charges 0.18% annually. Among ETFs in the Diversified Portfolio category, these options have the lowest expense ratios among ZMI.TO alternatives.

Symbol	Name	Expense Ratio	Inception
ZCON.TO	BMO Conservative ETF	0.15%	Feb 12, 2019	ZMI.TO vs ZCON.TO
TGRO.TO	TD Growth ETF Portfolio	0.15%	Aug 11, 2020	ZMI.TO vs TGRO.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	Jan 15, 2020	ZMI.TO vs ZESG.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	0.20%	Aug 7, 2019	ZMI.TO vs XINC.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	0.20%	Aug 7, 2019	ZMI.TO vs XCNS.TO

Best Risk-Adjusted Alternatives to ZMI.TO

Among ETFs in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
VRIF.TO	Vanguard Retirement Income ETF Portfolio	79	Sep 9, 2020	ZMI.TO vs VRIF.TO
VGRO.TO	Vanguard Growth ETF Portfolio	78	Jan 25, 2018	ZMI.TO vs VGRO.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	77	Jan 25, 2018	ZMI.TO vs VBAL.TO
TGRO.TO	TD Growth ETF Portfolio	76	Aug 11, 2020	ZMI.TO vs TGRO.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	73	Jan 21, 2021	ZMI.TO vs FGRO.NEO

Top Performing ZMI.TO Alternatives (YTD)

ZMI.TO alternatives from the Diversified Portfolio category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
XTR.TO	iShares Diversified Monthly Income ETF	2.91%	Dec 19, 2005	ZMI.TO vs XTR.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	1.05%	Jan 21, 2021	ZMI.TO vs FGRO.NEO
FBAL.NEO	Fidelity All-in-One Balanced ETF	0.90%	Jan 21, 2021	ZMI.TO vs FBAL.NEO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	0.63%	Sep 9, 2020	ZMI.TO vs VRIF.TO
TCON.TO	TD Conservative ETF Portfolio	0.57%	Aug 11, 2020	ZMI.TO vs TCON.TO

Lowest Volatility Alternatives to ZMI.TO

ZMI.TO alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	Jun 18, 2021	ZMI.TO vs CSBG.NEO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	5.02%	Jan 29, 2019	ZMI.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	5.24%	Aug 7, 2019	ZMI.TO vs XINC.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	6.03%	Sep 9, 2020	ZMI.TO vs VRIF.TO
PYF.TO	Purpose Premium Yield Fund Series ETF	6.35%	Nov 28, 2018	ZMI.TO vs PYF.TO

Lowest Drawdown Alternatives to ZMI.TO

ZMI.TO alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	Jun 18, 2021	ZMI.TO vs CSBG.NEO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	Aug 7, 2019	ZMI.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	Jan 29, 2019	ZMI.TO vs VCIP.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	-4.55%	Sep 9, 2020	ZMI.TO vs VRIF.TO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	-5.05%	Sep 2, 2020	ZMI.TO vs GCNS.TO

Other ETFs from BMO

Most popular BMO ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	100	0.57%	Nov 28, 2021	ZMI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	47	-3.17%	Nov 14, 2012	ZMI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	0.41%	Jan 24, 2022	ZMI.TO vs ZEQT.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	94	3.87%	May 29, 2009	ZMI.TO vs ZCN.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	98	1.92%	Oct 19, 2009	ZMI.TO vs ZEB.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Large Cap Growth Equities	62	-6.55%	Jan 19, 2010	ZMI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Large Cap Blend Equities	54	-4.69%	Feb 11, 2019	ZMI.TO vs ZNQ.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	16	0.04%	Jan 19, 2010	ZMI.TO vs ZAG.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	82	1.42%	Oct 21, 2011	ZMI.TO vs ZLB.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	26	-2.48%	Nov 4, 2014	ZMI.TO vs ZUQ.TO

Often Compared With ZMI.TO

What investors most often compare with ZMI.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	ZMI.TO vs VDY.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	95	8.31%	Jun 12, 2017	ZMI.TO vs XDIV.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	97	13.91%	Apr 12, 2011	ZMI.TO vs XEI.TO
ZGRO.TO	BMO Growth ETF	Large Cap Growth Equities	72	0.36%	Feb 11, 2019	ZMI.TO vs ZGRO.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	15	7.06%	Mar 19, 2013	ZMI.TO vs ZLU.TO
TQGM.TO	TD Q Global Multifactor ETF	Multi-factor	81	3.02%	Nov 19, 2019	ZMI.TO vs TQGM.TO
LDUR	PIMCO Enhanced Low Duration Active ETF	Short-Term Bond	96	0.52%	Jan 22, 2014	ZMI.TO vs LDUR
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	—	-1.88%	Apr 25, 2025	ZMI.TO vs MIX.TO
ZBAL.TO	BMO Balanced ETF	Global Allocation	71	0.37%	Jan 24, 2022	ZMI.TO vs ZBAL.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio, Actively Managed	65	0.29%	Jun 21, 2007	ZMI.TO vs XBAL.TO
CEQT.TO	CI Equity Asset Allocation ETF	Diversified Portfolio	59	-1.84%	May 17, 2023	ZMI.TO vs CEQT.TO
MGRW.TO	Mackenzie Growth Allocation ETF	Diversified Portfolio	67	-2.32%	Sep 29, 2020	ZMI.TO vs MGRW.TO
GRO.TO	Franklin Growth ETF Portfolio	Diversified Portfolio	58	-2.38%	Feb 20, 2019	ZMI.TO vs GRO.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	Diversified Portfolio	63	-1.33%	Aug 1, 2018	ZMI.TO vs HBAL.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	93	-3.41%	Jan 20, 2023	ZMI.TO vs HMAX.TO
GGRO.TO	iShares ESG Growth ETF Portfolio	Diversified Portfolio	58	-1.81%	Sep 2, 2020	ZMI.TO vs GGRO.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	60	0.22%	Jan 25, 2018	ZMI.TO vs VCNS.TO

Compare ZMI.TO with Any Fund or Stock

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

Symbol name

BMO Monthly Income ETF

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