ZMI.TO vs. CSBG.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Monthly Income ETF (ZMI.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO).

ZMI.TO and CSBG.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZMI.TO is an actively managed fund by BMO. It was launched on Jan 28, 2011. CSBG.NEO is an actively managed fund by CIBC. It was launched on Jun 18, 2021.

Performance

ZMI.TO vs. CSBG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Monthly Income ETF (ZMI.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO). The values are adjusted to include any dividend payments, if applicable.

ZMI.TO vs. CSBG.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ZMI.TO BMO Monthly Income ETF	2.98%	7.88%	13.43%	9.00%	-5.89%	4.50%
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF	0.00%	0.00%	1.17%	1.22%	1.69%	2.60%

Returns By Period

ZMI.TO

• 1D: 1.29%
• 1M: -2.24%
• YTD: 2.98%
• 6M: 2.10%
• 1Y: 8.46%
• 3Y*: 10.12%
• 5Y*: 6.90%
• 10Y*: 6.17%

CSBG.NEO

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZMI.TO vs. CSBG.NEO - Expense Ratio Comparison

ZMI.TO has a 0.18% expense ratio, which is lower than CSBG.NEO's 0.90% expense ratio.

CSBG.NEO

CIBC Sustainable Balanced Growth Solution ETF

ZMI.TO

BMO Monthly Income ETF

Return for Risk

ZMI.TO vs. CSBG.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZMI.TO

ZMI.TO Risk / Return Rank: 50
ZMI.TO Sharpe Ratio Rank: 53
ZMI.TO Sortino Ratio Rank: 46
ZMI.TO Omega Ratio Rank: 55
ZMI.TO Calmar Ratio Rank: 47
ZMI.TO Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZMI.TO vs. CSBG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO Monthly Income ETF (ZMI.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ZMI.TO	CSBG.NEO	Difference
Sharpe ratio Return per unit of total volatility	0.94	—	—
Sortino ratio Return per unit of downside risk	1.25	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.19	—	—
Martin ratio Return relative to average drawdown	4.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZMI.TO	CSBG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.10	-0.38

Correlation

The correlation between ZMI.TO and CSBG.NEO is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ZMI.TO vs. CSBG.NEO - Dividend Comparison

ZMI.TO's dividend yield for the trailing twelve months is around 4.30%, while CSBG.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZMI.TO BMO Monthly Income ETF	4.30%	4.54%	4.68%	4.94%	4.49%	3.71%	4.21%	4.24%	4.58%	4.06%	3.89%	3.89%
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF	0.00%	0.00%	1.16%	1.21%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ZMI.TO vs. CSBG.NEO - Drawdown Comparison

The maximum ZMI.TO drawdown since its inception was -26.65%, which is greater than CSBG.NEO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ZMI.TO and CSBG.NEO.

Drawdown Indicators

	ZMI.TO	CSBG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-26.65%	0.00%	-26.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.66%	0.00%	-7.66%
Max Drawdown (5Y) Largest decline over 5 years	-12.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.65%	—	—
Current Drawdown Current decline from peak	-2.24%	0.00%	-2.24%
Average Drawdown Average peak-to-trough decline	-2.14%	0.00%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	0.00%	+2.03%

Volatility

ZMI.TO vs. CSBG.NEO - Volatility Comparison

BMO Monthly Income ETF (ZMI.TO) has a higher volatility of 3.14% compared to CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO) at 0.00%. This indicates that ZMI.TO's price experiences larger fluctuations and is considered to be riskier than CSBG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZMI.TO	CSBG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	0.00%	+3.14%
Volatility (6M) Calculated over the trailing 6-month period	5.97%	0.00%	+5.97%
Volatility (1Y) Calculated over the trailing 1-year period	9.09%	0.00%	+9.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	1.30%	+6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.83%	1.30%	+7.53%