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BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) Alternatives

ETF · Currency in CAD · Last updated Jul 22, 2026

The BMO Long-Term US Treasury Bond Index ETF aims to provide long-term capital appreciation by investing in U.S. government bonds with maturities of 20 years or more.

BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) 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 ZTL.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZTL.NEO

ZTL.NEO charges 0.23% annually. There are 2 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.18%.

SymbolNameExpense RatioAUMInception
XTLT.TO
iShares 20+ Year U.S. Treasury Bond Index ETF0.18%—Feb 2023ZTL.NEO vs XTLT.TO
XTLH.TO
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD...0.18%—Feb 2023ZTL.NEO vs XTLH.TO
HBND.TO
 Hamilton U.S. Bond YIELD MAXIMIZER ETF (CAD Hedge...0.45%199.40MAug 2024ZTL.NEO vs HBND.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...0.45%258.82MJan 2024ZTL.NEO vs HPYM.TO

Best Risk-Adjusted Alternatives to ZTL.NEO

ZTL.NEO has a PortfoliosLab risk / return rank of 20. There are 10 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 83.

SymbolNameRisk / Return RankAUMInception
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
83
160.53MSep 2024ZTL.NEO vs HBIL-U.TO
ZPS.TO
BMO Short Provincial Bond Index ETF
48
393.80MOct 2009ZTL.NEO vs ZPS.TO
ZFS.TO
BMO Short Federal Bond Index ETF
48
904.52MOct 2009ZTL.NEO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...
44
37.05MJun 2013ZTL.NEO vs BXF.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
36
808.91MMar 2013ZTL.NEO vs ZMP.TO

Top Performing ZTL.NEO Alternatives (YTD)

ZTL.NEO is at 0.89% YTD. There are 8 ETFs in the Government Bonds category with higher YTD returns, going as high as 1.67%.

SymbolNameYTD ReturnAUMInception
HTB.TO
Global X US 7-10 Year Treasury Bond Index Corporat...
1.67%
164.34MApr 2015ZTL.NEO vs HTB.TO
ZMP.TO
BMO Mid Provincial Bond Index ETF
1.49%
808.91MMar 2013ZTL.NEO vs ZMP.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
1.26%
160.53MSep 2024ZTL.NEO vs HBIL-U.TO
ZFM.TO
BMO Mid Federal Bond Index ETF
1.08%
788.99MMay 2009ZTL.NEO vs ZFM.TO
ZPS.TO
BMO Short Provincial Bond Index ETF
1.06%
393.80MOct 2009ZTL.NEO vs ZPS.TO

Lowest Volatility Alternatives to ZTL.NEO

ZTL.NEO has 9.67% 1-year volatility. There are 13 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 1.93%.

SymbolNameVolatility 1YAUMInception
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.93%160.53MSep 2024ZTL.NEO vs HBIL-U.TO
ZFS.TO
BMO Short Federal Bond Index ETF1.98%904.52MOct 2009ZTL.NEO vs ZFS.TO
ZPS.TO
BMO Short Provincial Bond Index ETF2.30%393.80MOct 2009ZTL.NEO vs ZPS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...3.08%37.05MJun 2013ZTL.NEO vs BXF.TO
FGO.TO
CI Enhanced Government Bond ETF4.34%706.00MJul 2018ZTL.NEO vs FGO.TO

Lowest Drawdown Alternatives to ZTL.NEO

ZTL.NEO has a 1-year max drawdown of -9.01%. There are 13 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -1.07%.

SymbolNameMax Drawdown 1YAUMInception
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.07%
160.53MSep 2024ZTL.NEO vs HBIL-U.TO
ZPS.TO
BMO Short Provincial Bond Index ETF
-1.44%
393.80MOct 2009ZTL.NEO vs ZPS.TO
ZFS.TO
BMO Short Federal Bond Index ETF
-1.50%
904.52MOct 2009ZTL.NEO vs ZFS.TO
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index E...
-1.55%
37.05MJun 2013ZTL.NEO vs BXF.TO
FGO.TO
CI Enhanced Government Bond ETF
-2.82%
706.00MJul 2018ZTL.NEO vs FGO.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
1.27%
5.76BNov 2021ZTL.NEO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
78
13.23%
23.77BNov 2012ZTL.NEO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
84
14.24%
890.17MJan 2022ZTL.NEO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
33.28%
7.49BOct 2009ZTL.NEO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
90
12.80%
17.36BMay 2009ZTL.NEO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
36
14.01%
2.97BJan 2010ZTL.NEO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
63
18.72%
2.24BFeb 2019ZTL.NEO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
55
7.84%
6.32BOct 2011ZTL.NEO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
31
1.17%
13.16BJan 2010ZTL.NEO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
98
22.69%
1.90BOct 2011ZTL.NEO vs ZDV.TO

Often Compared With ZTL.NEO

Investors most often compare ZTL.NEO with HPYT.TO, IWM, ZUQ.TO. These 8 comparison targets span 5 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HPYT.TO
Harvest Premium Yield Treasury ETF ADerivative Income
13
-1.97%
358.35MMay 2024ZTL.NEO vs HPYT.TO
IWM
iShares Russell 2000 ETFSmall Cap Blend Equities
77
20.97%
82.12BMay 2000ZTL.NEO vs IWM
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
54
12.48%
1.29BNov 2014ZTL.NEO vs ZUQ.TO
ZLC.TO
BMO Long Corporate Bond Index ETFLong-Term Bond
22
0.41%
281.81MJan 2010ZTL.NEO vs ZLC.TO
VLB.TO
Vanguard Canadian Long-Term Bond Index ETFLong-Term Bond
19
0.79%
265.81MJan 2017ZTL.NEO vs VLB.TO
ZPL.TO
BMO Long Provincial Bond Index ETFGovernment Bonds
20
0.89%
211.52MMar 2013ZTL.NEO vs ZPL.TO
DTLE.L
iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged...Long-Term Bond
10
-3.67%
786.79M—ZTL.NEO vs DTLE.L
TULB.TO
TD U.S. Long Term Treasury Bond ETFGovernment Bonds, Long-Term Bond
22
0.89%
254.46MNov 2019ZTL.NEO vs TULB.TO

Compare ZTL.NEO with Any Fund or Stock

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

 

Diversifiers

Pair ZTL.NEO with funds that move differently

BMO Long-Term US Treasury Bond Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZTL.NEO.

Explore ZTL.NEO Diversifiers