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

ETF · Currency in CAD · Last updated Jun 24, 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 40.97% 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%109.53MJun 2019ZMT.TO vs BASE.TO
DXMO.TO
Dynamic Active Mining Opportunities ETF38.30%—Jul 2024ZMT.TO vs DXMO.TO
XMA.TO
iShares S&P/TSX Capped Materials Index ETF39.44%650.55MDec 2005ZMT.TO vs XMA.TO
XETM.TO
iShares S&P/TSX Energy Transition Materials Index ...50.11%—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
1.09%
5.68BNov 2021ZMT.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
72
11.86%
24.23BNov 2012ZMT.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
79
13.48%
846.16MJan 2022ZMT.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
97
30.69%
6.15BOct 2009ZMT.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
81
11.25%
16.91BMay 2009ZMT.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
41
14.60%
3.24BJan 2010ZMT.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.44%
2.39BFeb 2019ZMT.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
45
6.82%
6.18BOct 2011ZMT.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
21
1.70%
12.97BJan 2010ZMT.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
20.55%
1.83BOct 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
71
22.09%
661.86MApr 2011ZMT.TO vs XBM.TO
ZGD.TO
BMO Equal Weight Global Gold Index ETFGold, Equal Weight, Precious Metals
31
-1.70%
306.01MNov 2012ZMT.TO vs ZGD.TO
COPP
Sprott Copper Miners ETFCopper
54
11.86%
318.41MMar 2024ZMT.TO vs COPP
COPX
Global X Copper Miners ETFCopper
60
10.71%
8.06BApr 2010ZMT.TO vs COPX
REMX
VanEck Rare Earth and Strategic Metals ETFRare Earth & Strategic Metals
80
24.22%
2.96BOct 2010ZMT.TO vs REMX
SPY
State Street SPDR S&P 500 ETFS&P 500
59
8.15%
765.27BJan 1993ZMT.TO vs SPY
SETM
Sprott Critical Materials ETFMaterials, Commodity Producers Equities
61
11.16%
636.44MFeb 2023ZMT.TO vs SETM
HURA.TO
Global X Uranium Index ETFUranium
20
6.31%
203.35MMay 2019ZMT.TO vs HURA.TO
ZWEN.TO
BMO Covered Call Energy ETFEnergy Equities
63
25.05%
128.30MJan 2023ZMT.TO vs ZWEN.TO
QQQ
Invesco QQQ ETFNasdaq-100
59
16.45%
493.17BMar 1999ZMT.TO vs QQQ
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
72
11.93%
32.85BNov 2012ZMT.TO vs VFV.TO
COPP.TO
Global X Copper Producers Index ETFCopper
52
11.11%
190.37MMay 2022ZMT.TO vs COPP.TO
XDG.TO
iShares Core MSCI Global Quality Dividend Index ET...Global Equities
61
11.48%
742.37MJun 2017ZMT.TO vs XDG.TO
PPLN.TO
Global X Equal Weight Canadian Pipelines Index ETFEnergy Equities, Equal Weight
84
31.63%
—Jul 2014ZMT.TO vs PPLN.TO
XEG.TO
iShares S&P/TSX Capped Energy Index ETFEnergy Equities, Canada Equities
62
30.47%
2.38BMar 2001ZMT.TO vs XEG.TO
NNRG.NEO
Ninepoint Energy ETFEnergy Equities
65
36.48%
1.38BMay 2021ZMT.TO vs NNRG.NEO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
51
22.48%
467.50MFeb 2024ZMT.TO vs EMAX.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
62
26.92%
—Mar 2025ZMT.TO vs OILY.TO
ZEO.TO
BMO Equal Weight Oil & Gas Index ETFEnergy Equities, Equal Weight
78
31.93%
326.77MOct 2009ZMT.TO vs ZEO.TO
HXE.TO
Global X S&P/TSX Capped Energy Index Corporate Cla...Energy Equities
56
30.57%
126.54MSep 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