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%	108.41M	Feb 2019	ZMI.TO vs ZCON.TO
TGRO.TO	TD Growth ETF Portfolio	0.17%	—	Aug 2020	ZMI.TO vs TGRO.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	105.35M	Jan 2020	ZMI.TO vs ZESG.TO
ZGRO.TO	BMO Growth ETF	0.18%	778.93M	Feb 2019	ZMI.TO vs ZGRO.TO
HBAL.TO	Global X Balanced Asset Allocation ETF	0.20%	183.77M	Aug 2018	ZMI.TO vs HBAL.TO

Best Risk-Adjusted Alternatives to ZMI.TO

ZMI.TO has a PortfoliosLab risk / return rank of 79. There are 8 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
GRO.TO	Franklin Growth ETF Portfolio	94	—	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	87	—	Sep 2020	ZMI.TO vs MGRW.TO
VGRO.TO	Vanguard Growth ETF Portfolio	87	10.51B	Jan 2018	ZMI.TO vs VGRO.TO
TGRO.TO	TD Growth ETF Portfolio	87	—	Aug 2020	ZMI.TO vs TGRO.TO

Top Performing ZMI.TO Alternatives (YTD)

ZMI.TO is at 9.82% YTD. There are 11 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.87%.

Symbol	Name	YTD Return	AUM	Inception
CEQT.TO	CI Equity Asset Allocation ETF	13.87%	—	May 2023	ZMI.TO vs CEQT.TO
GGRO.TO	iShares ESG Growth ETF Portfolio	13.25%	266.53M	Sep 2020	ZMI.TO vs GGRO.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	12.75%	—	Jan 2022	ZMI.TO vs FEQT.NEO
VGRO.TO	Vanguard Growth ETF Portfolio	11.62%	10.51B	Jan 2018	ZMI.TO vs VGRO.TO
TGRO.TO	TD Growth ETF Portfolio	11.56%	—	Aug 2020	ZMI.TO vs TGRO.TO

Lowest Volatility Alternatives to ZMI.TO

ZMI.TO has 7.21% 1-year volatility. There are 9 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.49%.

Symbol	Name	Volatility 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.49%	—	Jun 2021	ZMI.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	3.20%	685.40M	Nov 2018	ZMI.TO vs PYF.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	4.79%	257.87M	Jan 2019	ZMI.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	4.99%	127.03M	Aug 2019	ZMI.TO vs XINC.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	5.61%	363.73M	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%	685.40M	Nov 2018	ZMI.TO vs PYF.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	127.03M	Aug 2019	ZMI.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	257.87M	Jan 2019	ZMI.TO vs VCIP.TO
XTR.TO	iShares Diversified Monthly Income ETF	-3.84%	374.81M	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	1.25%	5.77B	Nov 2021	ZMI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.65%	24.35B	Nov 2012	ZMI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	83	14.44%	895.11M	Jan 2022	ZMI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	36.93%	7.20B	Oct 2009	ZMI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.95%	17.34B	May 2009	ZMI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	38	15.43%	3.09B	Jan 2010	ZMI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	19.67%	2.35B	Feb 2019	ZMI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	53	7.89%	6.24B	Oct 2011	ZMI.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	33	1.25%	13.13B	Jan 2010	ZMI.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.62%	1.86B	Oct 2011	ZMI.TO vs ZDV.TO

Often Compared With ZMI.TO

Investors most often compare ZMI.TO with XDIV.TO, VDY.TO, ZBAL.TO. These 20 comparison targets span 11 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	26.60%	5.78B	Jun 2017	ZMI.TO vs XDIV.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	29.59%	8.59B	Nov 2012	ZMI.TO vs VDY.TO
ZBAL.TO	BMO Balanced ETF	Global Allocation	71	8.66%	639.52M	Jan 2022	ZMI.TO vs ZBAL.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	27.27%	4.25B	Apr 2011	ZMI.TO vs XEI.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	78	8.73%	5.67B	Jan 2018	ZMI.TO vs VBAL.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	78	8.35%	9.45B	Jan 2021	ZMI.TO vs FBAL.NEO
TQGM.TO	TD Q Global Multifactor ETF	Multi-factor	91	14.87%	1.32B	Nov 2019	ZMI.TO vs TQGM.TO
ZLU.TO	BMO Low Volatility US Equity ETF (CAD)	Large Cap Blend Equities	38	11.60%	2.52B	Mar 2013	ZMI.TO vs ZLU.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	71	8.75%	3.36B	Jun 2007	ZMI.TO vs XBAL.TO
ZIN.TO	BMO Equal Weight Industrials Index ETF	Industrials Equities, Equal Weight	83	24.06%	59.58M	Nov 2012	ZMI.TO vs ZIN.TO
LDUR	PIMCO Enhanced Low Duration Active ETF	Short-Term Bond	94	1.33%	1.37B	Jan 2014	ZMI.TO vs LDUR
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	65	5.99%	932.14M	Jan 2018	ZMI.TO vs VCNS.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	54	5.73%	—	Apr 2025	ZMI.TO vs MIX.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	76	6.15%	415.95M	Aug 2019	ZMI.TO vs XCNS.TO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	43	7.59%	81.12M	Sep 2020	ZMI.TO vs GCNS.TO
TCON.TO	TD Conservative ETF Portfolio	Diversified Portfolio	78	5.93%	—	Aug 2020	ZMI.TO vs TCON.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	79	10.79%	4.95B	Jan 2021	ZMI.TO vs FGRO.NEO
CEQP.TO	CI Equity+ Asset Allocation ETF	Diversified Portfolio	—	—	—	Jan 2026	ZMI.TO vs CEQP.TO
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	97	21.82%	2.53B	Jan 2023	ZMI.TO vs HMAX.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	54	13.18%	1.32B	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