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BMO Short-Term US TIPS Index ETF (ZTIP.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 25, 2026

ZTIP.TO is a passive ETF by BMO tracking the investment results of the Bloomberg Barclays U.S. Government Inflation-Linked 0-5 Year Bond Index. ZTIP.TO launched on Jan 26, 2021 and has a 0.17% expense ratio.

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

Cheapest Alternatives to ZTIP.TO

ZTIP.TO charges 0.17% annually. There are 3 ETFs in the Inflation-Protected Bonds category with lower expense ratios, going as low as 0.15%.

SymbolNameExpense RatioAUMInception
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)0.15%293.47MJan 2018ZTIP.TO vs QTIP.NEO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF0.16%—Jul 2021ZTIP.TO vs XSTP.TO
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)0.16%—Jul 2021ZTIP.TO vs XSTH.TO
ZRR.TO
BMO Real Return Bond Index ETF0.28%102.87MMay 2010ZTIP.TO vs ZRR.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF0.39%271.22MDec 2005ZTIP.TO vs XRB.TO

Best Risk-Adjusted Alternatives to ZTIP.TO

ZTIP.TO has a PortfoliosLab risk / return rank of 53. No ETFs in the Inflation-Protected Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 35.

SymbolNameRisk / Return RankAUMInception
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF
35
—Jul 2021ZTIP.TO vs XSTP.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF
28
271.22MDec 2005ZTIP.TO vs XRB.TO
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
25
—Jul 2021ZTIP.TO vs XSTH.TO
ZRR.TO
BMO Real Return Bond Index ETF
19
102.87MMay 2010ZTIP.TO vs ZRR.TO
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)
16
293.47MJan 2018ZTIP.TO vs QTIP.NEO

Top Performing ZTIP.TO Alternatives (YTD)

ZTIP.TO is at 5.25% YTD. No ETFs in the Inflation-Protected Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 5.13%.

SymbolNameYTD ReturnAUMInception
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF
5.13%
—Jul 2021ZTIP.TO vs XSTP.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF
4.63%
271.22MDec 2005ZTIP.TO vs XRB.TO
ZRR.TO
BMO Real Return Bond Index ETF
4.47%
102.87MMay 2010ZTIP.TO vs ZRR.TO
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
0.45%
—Jul 2021ZTIP.TO vs XSTH.TO
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)
0.32%
293.47MJan 2018ZTIP.TO vs QTIP.NEO

Lowest Volatility Alternatives to ZTIP.TO

ZTIP.TO has 4.58% 1-year volatility. There are 2 ETFs in the Inflation-Protected Bonds category with lower 1-year volatility, going as low as 2.35%.

SymbolNameVolatility 1YAUMInception
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)2.35%—Jul 2021ZTIP.TO vs XSTH.TO
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)3.66%293.47MJan 2018ZTIP.TO vs QTIP.NEO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF4.92%—Jul 2021ZTIP.TO vs XSTP.TO
ZRR.TO
BMO Real Return Bond Index ETF6.43%102.87MMay 2010ZTIP.TO vs ZRR.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF6.74%271.22MDec 2005ZTIP.TO vs XRB.TO

Lowest Drawdown Alternatives to ZTIP.TO

ZTIP.TO has a 1-year max drawdown of -3.78%. There are 3 ETFs in the Inflation-Protected Bonds category with shallower 1-year drawdowns, going as shallow as -1.49%.

SymbolNameMax Drawdown 1YAUMInception
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
-1.49%
—Jul 2021ZTIP.TO vs XSTH.TO
QTIP.NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)
-2.02%
293.47MJan 2018ZTIP.TO vs QTIP.NEO
XRB.TO
iShares Canadian Real Return Bond Index ETF
-3.50%
271.22MDec 2005ZTIP.TO vs XRB.TO
ZRR.TO
BMO Real Return Bond Index ETF
-4.00%
102.87MMay 2010ZTIP.TO vs ZRR.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF
-5.14%
—Jul 2021ZTIP.TO vs XSTP.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
1.11%
5.68BNov 2021ZTIP.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
73
11.92%
24.23BNov 2012ZTIP.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
80
13.34%
846.16MJan 2022ZTIP.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
30.07%
6.15BOct 2009ZTIP.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
83
10.54%
16.91BMay 2009ZTIP.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
39
14.23%
3.24BJan 2010ZTIP.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
68
20.05%
2.39BFeb 2019ZTIP.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
51
7.81%
6.18BOct 2011ZTIP.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
24
2.21%
12.97BJan 2010ZTIP.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
19.41%
1.83BOct 2011ZTIP.TO vs ZDV.TO

Often Compared With ZTIP.TO

Investors most often compare ZTIP.TO with SMH, ZUQ.TO, AVDV. These 15 comparison targets span 16 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SMH
VanEck Semiconductor ETFSemiconductors, Technology Equities
94
71.86%
84.54BDec 2011ZTIP.TO vs SMH
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
47
10.92%
1.30BNov 2014ZTIP.TO vs ZUQ.TO
AVDV
Avantis International Small Cap Value ETFForeign Small & Mid Cap Equities
76
12.38%
19.44BSep 2019ZTIP.TO vs AVDV
PHYS
Sprott Physical Gold Trust
59
-9.21%
——ZTIP.TO vs PHYS
XLV
State Street Health Care Select Sector SPDR ETFHealth & Biotech Equities
33
-0.09%
38.47BDec 1998ZTIP.TO vs XLV
XTLT.TO
iShares 20+ Year U.S. Treasury Bond Index ETFGovernment Bonds, Long-Term Bond
19
5.85%
—Feb 2023ZTIP.TO vs XTLT.TO
VOO
Vanguard S&P 500 ETFS&P 500
60
8.08%
1.70TSep 2010ZTIP.TO vs VOO
AVIV
Avantis International Large Cap Value ETFForeign Large Cap Equities, Large Cap Value Equities, Actively Managed
66
9.28%
1.33BSep 2021ZTIP.TO vs AVIV
AVUV
Avantis US Small Cap Value ETFSmall Cap Value Equities
79
21.53%
26.41BSep 2019ZTIP.TO vs AVUV
AVLV
Avantis U.S. Large Cap Value ETFLarge Cap Value Equities
92
20.53%
12.01BSep 2021ZTIP.TO vs AVLV
BIL
SPDR Bloomberg 1-3 Month T-Bill ETFGovernment Bonds, Ultrashort Bond
100
1.69%
46.54BMay 2007ZTIP.TO vs BIL
AVEM
Avantis Emerging Markets Equity ETFEmerging Markets Equities
68
23.85%
24.32BSep 2019ZTIP.TO vs AVEM
CBIL.TO
Global X 0-3 Month T-Bill ETFCanadian Government Bonds
99
0.99%
2.36BApr 2023ZTIP.TO vs CBIL.TO
XLK
State Street Technology Select Sector SPDR ETFTechnology Equities
66
27.45%
130.33BDec 1998ZTIP.TO vs XLK
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
51
14.60%
—Jan 2021ZTIP.TO vs ZWT.TO

Compare ZTIP.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZTIP.TO with funds that move differently

BMO Short-Term US TIPS Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZTIP.TO.

Explore ZTIP.TO Diversifiers