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BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 16, 2026

The ETF seeks to replicate the performance of an equal weight global base metals companies index, net of expenses, by investing in global securities in the base metals industry, with U.S. dollar exposure hedged to the Canadian dollar.

BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) belongs to the Materials category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZMT.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Lowest Volatility Alternatives to ZMT.TO

ZMT.TO has 41.72% 1-year volatility. There are 3 ETFs in the Materials category with lower 1-year volatility, going as low as 23.41%.

SymbolNameVolatility 1YAUMInception
BASE.TO
Evolve Global Materials & Mining Enhanced Yield In...23.41%100.24MJun 2019ZMT.TO vs BASE.TO
DXMO.TO
Dynamic Active Mining Opportunities ETF38.87%—Jul 2024ZMT.TO vs DXMO.TO
XMA.TO
iShares S&P/TSX Capped Materials Index ETF40.00%584.50MDec 2005ZMT.TO vs XMA.TO
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ...48.77%—Sep 2023ZMT.TO vs XETM.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.25%
5.77BNov 2021ZMT.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
78
13.65%
24.35BNov 2012ZMT.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
83
14.44%
895.11MJan 2022ZMT.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
36.93%
7.20BOct 2009ZMT.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
90
12.95%
17.34BMay 2009ZMT.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
38
15.43%
3.09BJan 2010ZMT.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
64
19.67%
2.35BFeb 2019ZMT.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
53
7.89%
6.24BOct 2011ZMT.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
33
1.25%
13.13BJan 2010ZMT.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
98
22.62%
1.86BOct 2011ZMT.TO vs ZDV.TO

Often Compared With ZMT.TO

Investors most often compare ZMT.TO with XBM.TO, ZGD.TO, COPP. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XBM.TO
iShares S&P/TSX Global Base Metals Index ETFEnergy Equities
61
15.51%
595.84MApr 2011ZMT.TO vs XBM.TO
ZGD.TO
BMO Equal Weight Global Gold Index ETFGold, Equal Weight, Precious Metals
31
-6.97%
281.50MNov 2012ZMT.TO vs ZGD.TO
COPP
Sprott Copper Miners ETFCopper
53
8.47%
266.77MMar 2024ZMT.TO vs COPP
COPX
Global X Copper Miners ETFCopper
61
7.99%
6.98BApr 2010ZMT.TO vs COPX
REMX
VanEck Rare Earth and Strategic Metals ETFRare Earth & Strategic Metals
46
3.69%
2.40BOct 2010ZMT.TO vs REMX
SPY
State Street SPDR S&P 500 ETFS&P 500
70
11.28%
783.21BJan 1993ZMT.TO vs SPY
SETM
Sprott Critical Materials ETFMaterials, Commodity Producers Equities
44
3.42%
563.27MFeb 2023ZMT.TO vs SETM
ZWEN.TO
BMO Covered Call Energy ETFEnergy Equities
79
29.72%
130.82MJan 2023ZMT.TO vs ZWEN.TO
HURA.TO
Global X Uranium Index ETFUranium
14
-4.88%
193.25MMay 2019ZMT.TO vs HURA.TO
QQQ
Invesco QQQ ETFNasdaq-100
59
17.11%
481.14BMar 1999ZMT.TO vs QQQ
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
79
13.67%
34.09BNov 2012ZMT.TO vs VFV.TO
COPP.TO
Global X Copper Producers Index ETFCopper
47
6.63%
176.79MMay 2022ZMT.TO vs COPP.TO
XDG.TO
iShares Core MSCI Global Quality Dividend Index ET...Global Equities
72
13.06%
759.62MJun 2017ZMT.TO vs XDG.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETFEnergy Equities, Equal Weight
90
34.19%
—Jul 2014ZMT.TO vs PPLN.TO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
65
26.21%
494.30MFeb 2024ZMT.TO vs EMAX.TO
NNRG.NEO
Ninepoint Energy ETFEnergy Equities
79
37.01%
1.38BMay 2021ZMT.TO vs NNRG.NEO
XEG.TO
iShares S&P/TSX Capped Energy Index ETFEnergy Equities, Canada Equities
78
35.02%
2.38BMar 2001ZMT.TO vs XEG.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
73
30.77%
—Mar 2025ZMT.TO vs OILY.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETFEnergy Equities, Equal Weight
89
35.62%
381.83MOct 2009ZMT.TO vs ZEO.TO
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...Energy Equities
77
36.07%
125.85MSep 2013ZMT.TO vs HXE.TO

Compare ZMT.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZMT.TO with funds that move differently

BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZMT.TO.

Explore ZMT.TO Diversifiers