PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

BMO Long Provincial Bond Index ETF (ZPL.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 1, 2026

The BMO Long Provincial Bond Index ETF (ZPL) tracks an index of long-term Canadian provincial government bonds.

BMO Long Provincial Bond Index ETF (ZPL.TO) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZPL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZPL.TO

Among 5 ETFs in the Government Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.18%.

SymbolNameExpense RatioAUMInception
XTLH.TO
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD...0.18%—Feb 2023ZPL.TO vs XTLH.TO
XTLT.TO
iShares 20+ Year U.S. Treasury Bond Index ETF0.18%—Feb 2023ZPL.TO vs XTLT.TO
ZTL.NEO
BMO Long-Term US Treasury Bond Index ETF0.23%—Feb 2017ZPL.TO vs ZTL.NEO
HBND.TO
 Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...0.45%202.50MAug 2024ZPL.TO vs HBND.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...0.45%230.93MJan 2024ZPL.TO vs HPYM.TO

Best Risk-Adjusted Alternatives to ZPL.TO

ZPL.TO has a PortfoliosLab risk / return rank of 15. There are 8 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 39.

SymbolNameRisk / Return RankAUMInception
ZPS.TO
BMO Short Provincial Bond Index ETF
39
—Oct 2009ZPL.TO vs ZPS.TO
ZFS.TO
BMO Short Federal Bond Index ETF
39
—Oct 2009ZPL.TO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...
32
—Jun 2013ZPL.TO vs BXF.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
28
—Mar 2013ZPL.TO vs ZMP.TO
ZFM.TO
BMO Mid Federal Bond Index ETF
20
—May 2009ZPL.TO vs ZFM.TO

Top Performing ZPL.TO Alternatives (YTD)

ZPL.TO is at 3.53% YTD. There are 2 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.36%.

SymbolNameYTD ReturnAUMInception
XTLT.TO
iShares 20+ Year U.S. Treasury Bond Index ETF
4.36%
—Feb 2023ZPL.TO vs XTLT.TO
ZTL.NEO
BMO Long-Term US Treasury Bond Index ETF
4.33%
—Feb 2017ZPL.TO vs ZTL.NEO
ZMP.TO
BMO Mid Provincial Bond Index ETF
2.28%
—Mar 2013ZPL.TO vs ZMP.TO
ZFM.TO
BMO Mid Federal Bond Index ETF
1.97%
—May 2009ZPL.TO vs ZFM.TO
HBND.TO
 Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...
1.71%
202.50MAug 2024ZPL.TO vs HBND.TO

Lowest Volatility Alternatives to ZPL.TO

ZPL.TO has 8.63% 1-year volatility. There are 8 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 1.97%.

SymbolNameVolatility 1YAUMInception
ZFS.TO
BMO Short Federal Bond Index ETF1.97%—Oct 2009ZPL.TO vs ZFS.TO
ZPS.TO
BMO Short Provincial Bond Index ETF2.30%—Oct 2009ZPL.TO vs ZPS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...3.06%—Jun 2013ZPL.TO vs BXF.TO
FGO.TO
CI Enhanced Government Bond ETF4.42%—Jul 2018ZPL.TO vs FGO.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF4.45%—Mar 2013ZPL.TO vs ZMP.TO

Lowest Drawdown Alternatives to ZPL.TO

ZPL.TO has a 1-year max drawdown of -4.91%. There are 7 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -1.44%.

SymbolNameMax Drawdown 1YAUMInception
ZPS.TO
BMO Short Provincial Bond Index ETF
-1.44%
—Oct 2009ZPL.TO vs ZPS.TO
ZFS.TO
BMO Short Federal Bond Index ETF
-1.50%
—Oct 2009ZPL.TO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...
-1.55%
—Jun 2013ZPL.TO vs BXF.TO
FGO.TO
CI Enhanced Government Bond ETF
-2.82%
—Jul 2018ZPL.TO vs FGO.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
-2.98%
—Mar 2013ZPL.TO vs ZMP.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
1.17%
5.76BNov 2021ZPL.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
79
13.62%
23.98BNov 2012ZPL.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
83
14.64%
852.71MJan 2022ZPL.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
32.05%
6.36BOct 2009ZPL.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
86
11.09%
17.03BMay 2009ZPL.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
43
18.49%
3.09BJan 2010ZPL.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
76
23.99%
2.30BFeb 2019ZPL.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
48
7.13%
6.32BOct 2011ZPL.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
22
2.13%
13.01BJan 2010ZPL.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
19.50%
1.83BOct 2011ZPL.TO vs ZDV.TO

Compare ZPL.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZPL.TO with funds that move differently

BMO Long Provincial Bond Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZPL.TO.

Explore ZPL.TO Diversifiers