BMO Balanced ETF (ZBAL.TO) ETF Analysis

Fund Overview

BMO Balanced ETF (ZBAL.TO) is an exchange-traded fund. The fund holds CA$751.45M in total net assets. Annual costs run at an expense ratio of 0.18%. On a CA$10,000 position that is CA$18.00 a year. The fund is issued by BMO Asset Management Inc. The inception date on file is January 24, 2022.

The largest positions on file are BMO Discount Bond ETF (ZDB.TO), BMO S&P 500 ETF (CAD) (ZSP.TO), and BMO S&P/TSX Capped Composite ETF (ZCN.TO). BMO Discount Bond ETF alone accounts for 27.76% of the portfolio.

Performance Analysis

The most recent close on file for ZBAL.TO is CA$16.14, dated September 4, 2026. Over the trailing twelve months the price has returned +13.57%. Across 5 years the annualized return works out at +7.65%. The trailing distribution yield is 1.65%.

The strongest complete calendar year on file is 2024 at +16.13%; the weakest is 2022 at −11.13%. Of the 6 complete calendar years on file, 5 finished higher. So far in 2026 the price is +9.34%.

Price & Risk Profile

Daily returns over the trailing 7 years annualize to a volatility of 10.38%. Beta against the wider market is reported at 1.17. The 52-week range on file runs from CA$14.42 to CA$16.45. The latest close sits 11.93% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.