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BMO USD Cash Management ETF (ZUCM.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 2026

BMO USD Cash Management ETF is an actively managed Canadian ETF that seeks to maximize current income while preserving capital and maintaining liquidity by investing primarily in high-quality short-term U.S. dollar-denominated fixed income and cash-equivalent instruments.

BMO USD Cash Management ETF (ZUCM.TO) belongs to the Money Market category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZUCM.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZUCM.TO

ZUCM.TO charges 0.14% annually. There are 2 ETFs in the Money Market category with lower expense ratios, going as low as 0.11%.

SymbolNameExpense RatioAUMInception
CASH.TO
Global X High Interest Savings ETF0.11%6.70BNov 2021ZUCM.TO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series0.13%5.70BNov 2021ZUCM.TO vs ZMMK.TO
CCAD.TO
CIBC Premium Cash Management ETF0.14%—May 2025ZUCM.TO vs CCAD.TO
CMR.TO
iShares Premium Money Market ETF0.14%2.67BFeb 2008ZUCM.TO vs CMR.TO
HISA.NEO
Evolve High Interest Savings Account ETF0.15%2.74BNov 2019ZUCM.TO vs HISA.NEO

Best Risk-Adjusted Alternatives to ZUCM.TO

ZUCM.TO has a PortfoliosLab risk / return rank of 34. There are 14 ETFs in the Money Market category with higher risk-adjusted ranks, going as high as 100.

SymbolNameRisk / Return RankAUMInception
MNY.TO
Purpose Cash Management Fund
100
2.90BSep 2022ZUCM.TO vs MNY.TO
CASH.TO
Global X High Interest Savings ETF
100
6.70BNov 2021ZUCM.TO vs CASH.TO
PSA.TO
Purpose High Interest Savings Fund
100
4.20BOct 2013ZUCM.TO vs PSA.TO
CSAV.TO
CI High Interest Savings ETF
100
4.71BJun 2019ZUCM.TO vs CSAV.TO
ZMMK.TO
BMO Money Market Fund ETF Series
100
5.70BNov 2021ZUCM.TO vs ZMMK.TO

Top Performing ZUCM.TO Alternatives (YTD)

ZUCM.TO is at 2.88% YTD. No ETFs in the Money Market category have higher YTD returns; the top-performing alternatives shown here go as high as 1.49%.

SymbolNameYTD ReturnAUMInception
HSUV-U.TO
Global X USD Cash Maximizer Corporate Class ETF
1.49%
767.50MJun 2020ZUCM.TO vs HSUV-U.TO
MNU-U.TO
Purpose USD Cash Management ETF
1.14%
—Apr 2023ZUCM.TO vs MNU-U.TO
PSU-U.TO
Purpose US Cash Fund
1.06%
964.00Feb 2016ZUCM.TO vs PSU-U.TO
HISU-U.TO
Evolve US High Interest Savings Account Fund
1.05%
704.06MAug 2022ZUCM.TO vs HISU-U.TO
CMNY.TO
CI Money Market ETF CAD Series
0.99%
—Jul 2023ZUCM.TO vs CMNY.TO

Lowest Volatility Alternatives to ZUCM.TO

ZUCM.TO has 4.43% 1-year volatility. There are 14 ETFs in the Money Market category with lower 1-year volatility, going as low as 0.16%.

SymbolNameVolatility 1YAUMInception
MNY.TO
Purpose Cash Management Fund0.16%2.90BSep 2022ZUCM.TO vs MNY.TO
CMR.TO
iShares Premium Money Market ETF0.22%2.67BFeb 2008ZUCM.TO vs CMR.TO
CASH.TO
Global X High Interest Savings ETF0.22%6.70BNov 2021ZUCM.TO vs CASH.TO
CSAV.TO
CI High Interest Savings ETF0.23%4.71BJun 2019ZUCM.TO vs CSAV.TO
PSA.TO
Purpose High Interest Savings Fund0.23%4.20BOct 2013ZUCM.TO vs PSA.TO

Lowest Drawdown Alternatives to ZUCM.TO

ZUCM.TO has a 1-year max drawdown of -3.69%. There are 14 ETFs in the Money Market category with shallower 1-year drawdowns, going as shallow as -0.02%.

SymbolNameMax Drawdown 1YAUMInception
CSAV.TO
CI High Interest Savings ETF
-0.02%
4.71BJun 2019ZUCM.TO vs CSAV.TO
PSA.TO
Purpose High Interest Savings Fund
-0.02%
4.20BOct 2013ZUCM.TO vs PSA.TO
CASH.TO
Global X High Interest Savings ETF
-0.02%
6.70BNov 2021ZUCM.TO vs CASH.TO
ZMMK.TO
BMO Money Market Fund ETF Series
-0.03%
5.70BNov 2021ZUCM.TO vs ZMMK.TO
MNY.TO
Purpose Cash Management Fund
-0.04%
2.90BSep 2022ZUCM.TO vs MNY.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZSP.TO, ZEQT.TO, ZEB.TO and span 7 categories. AUM among these funds goes as high as $24B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZSP.TO
BMO S&P 500 Index ETFS&P 500
77
12.66%
23.82BNov 2012ZUCM.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
80
13.63%
789.04MJan 2022ZUCM.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities
96
21.18%
5.16BOct 2009ZUCM.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
85
12.08%
16.67BMay 2009ZUCM.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
68
19.23%
3.25BJan 2010ZUCM.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
75
22.24%
2.28BFeb 2019ZUCM.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
62
4.04%
6.10BOct 2011ZUCM.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
21
1.70%
12.80BJan 2010ZUCM.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
89
19.98%
1.72BOct 2011ZUCM.TO vs ZDV.TO
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
44
10.45%
1.24BNov 2014ZUCM.TO vs ZUQ.TO

Often Compared With ZUCM.TO

Investors most often compare ZUCM.TO with TBIL.TO. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
TBIL.TO
Harvest Canadian T-Bill ETFMoney Market
99
0.83%
—Jan 2024ZUCM.TO vs TBIL.TO

Compare ZUCM.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZUCM.TO with funds that move differently

BMO USD Cash Management ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZUCM.TO.

Explore ZUCM.TO Diversifiers