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BMO Short Provincial Bond Index ETF (ZPS.TO) Alternatives

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

The BMO Short Provincial Bond Index ETF (ZPS) tracks an index of short-term Canadian provincial government bonds.

BMO Short Provincial Bond Index ETF (ZPS.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 ZPS.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

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

Best Risk-Adjusted Alternatives to ZPS.TO

ZPS.TO has a PortfoliosLab risk / return rank of 39. No ETFs in the Government Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 39.

SymbolNameRisk / Return RankAUMInception
ZFS.TO
BMO Short Federal Bond Index ETF
39
—Oct 2009ZPS.TO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...
32
—Jun 2013ZPS.TO vs BXF.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
28
—Mar 2013ZPS.TO vs ZMP.TO
ZFM.TO
BMO Mid Federal Bond Index ETF
20
—May 2009ZPS.TO vs ZFM.TO
ZTL.NEO
BMO Long-Term US Treasury Bond Index ETF
20
—Feb 2017ZPS.TO vs ZTL.NEO

Top Performing ZPS.TO Alternatives (YTD)

ZPS.TO is at 1.22% YTD. There are 8 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 2023ZPS.TO vs XTLT.TO
ZTL.NEO
BMO Long-Term US Treasury Bond Index ETF
4.33%
—Feb 2017ZPS.TO vs ZTL.NEO
ZPL.TO
BMO Long Provincial Bond Index ETF
3.53%
—Mar 2013ZPS.TO vs ZPL.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
2.28%
—Mar 2013ZPS.TO vs ZMP.TO
ZFM.TO
BMO Mid Federal Bond Index ETF
1.97%
—May 2009ZPS.TO vs ZFM.TO

Lowest Volatility Alternatives to ZPS.TO

ZPS.TO has 2.30% 1-year volatility. There is 1 ETF 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 2009ZPS.TO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...3.06%—Jun 2013ZPS.TO vs BXF.TO
FGO.TO
CI Enhanced Government Bond ETF4.42%—Jul 2018ZPS.TO vs FGO.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF4.45%—Mar 2013ZPS.TO vs ZMP.TO
ZFM.TO
BMO Mid Federal Bond Index ETF4.60%—May 2009ZPS.TO vs ZFM.TO

Lowest Drawdown Alternatives to ZPS.TO

ZPS.TO has a 1-year max drawdown of -1.44%. No ETFs in the Government Bonds category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -1.50%.

SymbolNameMax Drawdown 1YAUMInception
ZFS.TO
BMO Short Federal Bond Index ETF
-1.50%
—Oct 2009ZPS.TO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...
-1.55%
—Jun 2013ZPS.TO vs BXF.TO
FGO.TO
CI Enhanced Government Bond ETF
-2.82%
—Jul 2018ZPS.TO vs FGO.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
-2.98%
—Mar 2013ZPS.TO vs ZMP.TO
ZFM.TO
BMO Mid Federal Bond Index ETF
-3.08%
—May 2009ZPS.TO vs ZFM.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 2021ZPS.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
79
13.62%
23.98BNov 2012ZPS.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
83
14.64%
852.71MJan 2022ZPS.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
32.05%
6.36BOct 2009ZPS.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
86
11.09%
17.03BMay 2009ZPS.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
43
18.49%
3.09BJan 2010ZPS.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
76
23.99%
2.30BFeb 2019ZPS.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
48
7.13%
6.32BOct 2011ZPS.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
22
2.13%
13.01BJan 2010ZPS.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
19.50%
1.83BOct 2011ZPS.TO vs ZDV.TO

Compare ZPS.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZPS.TO with funds that move differently

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

Explore ZPS.TO Diversifiers