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
TGRO.TO	TD Growth ETF Portfolio	0.15%	—	Aug 2020	ZMI.TO vs TGRO.TO
ZCON.TO	BMO Conservative ETF	0.15%	101.45M	Feb 2019	ZMI.TO vs ZCON.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	103.83M	Jan 2020	ZMI.TO vs ZESG.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	0.20%	122.26M	Aug 2019	ZMI.TO vs XINC.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	0.20%	3.20B	Jun 2007	ZMI.TO vs XBAL.TO

Best Risk-Adjusted Alternatives to ZMI.TO

ZMI.TO has a PortfoliosLab risk / return rank of 67. There are 10 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
GRO.TO	Franklin Growth ETF Portfolio	90	—	Feb 2019	ZMI.TO vs GRO.TO
CEQT.TO	CI Equity Asset Allocation ETF	90	—	May 2023	ZMI.TO vs CEQT.TO
XTR.TO	iShares Diversified Monthly Income ETF	85	373.65M	Dec 2005	ZMI.TO vs XTR.TO
MGRW.TO	Mackenzie Growth Allocation ETF	83	—	Sep 2020	ZMI.TO vs MGRW.TO
TGRO.TO	TD Growth ETF Portfolio	77	—	Aug 2020	ZMI.TO vs TGRO.TO

Top Performing ZMI.TO Alternatives (YTD)

ZMI.TO is at 9.05% YTD. There are 8 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.14%.

Symbol	Name	YTD Return	AUM	Inception
CEQT.TO	CI Equity Asset Allocation ETF	13.14%	—	May 2023	ZMI.TO vs CEQT.TO
GGRO.TO	iShares ESG Growth ETF Portfolio	11.53%	251.75M	Sep 2020	ZMI.TO vs GGRO.TO
XGRO.TO	iShares Core Growth ETF Portfolio	10.38%	4.82B	Jun 2007	ZMI.TO vs XGRO.TO
VGRO.TO	Vanguard Growth ETF Portfolio	10.34%	10.14B	Jan 2018	ZMI.TO vs VGRO.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	10.30%	—	Jan 2022	ZMI.TO vs FEQT.NEO

Lowest Volatility Alternatives to ZMI.TO

ZMI.TO has 7.10% 1-year volatility. There are 10 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	3.20%	708.70M	Nov 2018	ZMI.TO vs PYF.TO
XTR.TO	iShares Diversified Monthly Income ETF	4.59%	373.65M	Dec 2005	ZMI.TO vs XTR.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	4.70%	254.60M	Jan 2019	ZMI.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	4.93%	122.26M	Aug 2019	ZMI.TO vs XINC.TO

Lowest Drawdown Alternatives to ZMI.TO

ZMI.TO has a 1-year max drawdown of -4.75%. There are 7 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%	708.70M	Nov 2018	ZMI.TO vs PYF.TO
XTR.TO	iShares Diversified Monthly Income ETF	-3.29%	373.65M	Dec 2005	ZMI.TO vs XTR.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	122.26M	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

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 7 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	100	0.95%	5.70B	Nov 2021	ZMI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZMI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZMI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZMI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZMI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZMI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZMI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZMI.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZMI.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZMI.TO vs ZDV.TO

Often Compared With ZMI.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VRIF.TO	Vanguard Retirement Income ETF Portfolio	Diversified Portfolio	66	4.88%	357.83M	Sep 2020	ZMI.TO vs VRIF.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	ZMI.TO vs XDIV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZMI.TO vs VDY.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	68	8.13%	5.44B	Jan 2018	ZMI.TO vs VBAL.TO
ZBAL.TO	BMO Balanced ETF	Global Allocation	72	8.07%	591.92M	Jan 2022	ZMI.TO vs ZBAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	ZMI.TO vs XEI.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	63	6.89%	8.37B	Jan 2021	ZMI.TO vs FBAL.NEO
TQGM.TO	TD Q Global Multifactor ETF	Multi-factor	84	13.62%	1.19B	Nov 2019	ZMI.TO vs TQGM.TO
ZGRO.TO	BMO Growth ETF	Large Cap Growth Equities	73	10.53%	740.00M	Feb 2019	ZMI.TO vs ZGRO.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	26	9.40%	2.35B	Mar 2013	ZMI.TO vs ZLU.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	Diversified Portfolio	77	8.04%	178.67M	Aug 2018	ZMI.TO vs HBAL.TO
LDUR	PIMCO Enhanced Low Duration Active ETF	Short-Term Bond	88	0.91%	1.37B	Jan 2014	ZMI.TO vs LDUR
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	63	8.17%	—	Apr 2025	ZMI.TO vs MIX.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	56	5.57%	398.47M	Aug 2019	ZMI.TO vs XCNS.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	65	8.81%	4.36B	Jan 2021	ZMI.TO vs FGRO.NEO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	52	6.84%	75.91M	Sep 2020	ZMI.TO vs GCNS.TO
TCON.TO	TD Conservative ETF Portfolio	Diversified Portfolio	63	5.47%	—	Aug 2020	ZMI.TO vs TCON.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	56	5.71%	893.34M	Jan 2018	ZMI.TO vs VCNS.TO
ZIN.TO	BMO Equal Weight Industrials Index ETF	Industrials Equities	88	22.77%	55.87M	Nov 2012	ZMI.TO vs ZIN.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZMI.TO vs ZUQ.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