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TSX · CAD · ETF

BMO Balanced ESG ETF (ZESG.TO) ETF Analysis

ZESG.TO
Expense ratio 0.18% Yield 1.85% Assets CA$104.75M Since January 15, 2020 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$15.06
+CA$0.02 (+0.13%)

October 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare ZESG.TO with… →

ZESG.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+9.34%CA$109.34
3 years+16.10%CA$156.50
5 years+8.15%CA$147.97
Since January 23, 2020+8.48%CA$173.09

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZESG.TO Return by Calendar Year

2026 is a partial year

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+8.41%
2025+12.83%
2024+16.70%
2023+15.27%
2022−13.70%
2021+13.20%
2020+7.69%

ZESG.TO Monthly Returns

−7%+7%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+0.5+1.4−3.6+4.0+3.4+2.1−1.2+1.3−0.3+0.6——
2025+2.6−0.4−2.9−1.8+4.2+2.1+1.5+1.4+3.8+2.1+0.2−0.4
2024+0.9+2.6+2.2−2.0+1.8+2.1+2.4+0.2+2.6−0.0+3.9−0.8
2023+4.6−1.1+2.3+1.1−1.0+1.1+2.1+0.2−3.9+0.2+6.2+3.0
2022−4.9−2.0+0.2−4.2−1.9−5.3+4.8−1.8−3.4+3.0+3.7−2.3
2021−0.7+0.7+0.9+1.4+0.3+2.8+2.1+2.2−2.8+2.5+0.3+2.7
2020—−3.9−6.7+6.1+3.0+1.6+1.8+2.3−0.8−1.8+5.9+1.4

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZESG.TO Volatility & Risk

Volatility: 6 yrs · Beta: 3 yrs
Annualized volatility
8.70%
Beta (3y)
1.23
Best year
+16.70%

2024

Worst year
−13.70%

2022

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

# Symbol Name Weight
1 ESGY.TO BMO MSCI USA Selection Equity Idx ETF 33.47%
2 ZGB.TO BMO Government Bond ETF 25.07%
3 ESGA.TO BMO MSCI Canada Selection Equity Idx ETF 14.87%
4 ESGE.TO BMO MSCI EAFE Selection Equity Idx ETF 11.39%
5 ESGB.TO BMO ESG Corporate Bond ETF 10.06%
6 ESGF.TO BMO ESG US Corporate Bond Hdg to CAD ETF 5.01%

Analysis

Data-derived

Fund Overview

BMO Balanced ESG ETF (ZESG.TO) is an exchange-traded fund. The fund holds CA$104.75M 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. It has been trading since January 15, 2020.

The largest positions on file are BMO MSCI USA Selection Equity Idx ETF (ESGY.TO), BMO Government Bond ETF (ZGB.TO), and BMO MSCI Canada Selection Equity Idx ETF (ESGA.TO). BMO MSCI USA Selection Equity Idx ETF alone accounts for 33.47% of the portfolio.

Performance Analysis

The most recent close on file for ZESG.TO is CA$15.06, dated October 21, 2026. Over the trailing twelve months the total return is +9.34%. Across 5 years the annualized return works out at +8.15%. The fund distributes at a trailing yield of 1.85%.

2026 is still running; the total return is +8.41% year to date. Across the complete calendar years on file, 2024 returned +16.70% and 2022 returned −13.70%. Of the 6 complete calendar years on file, 5 finished higher.

Price & Risk Profile

Daily returns over the trailing 6 years annualize to a volatility of 8.7%. The reported beta is 1.23. Over the past 52 weeks the price has ranged from CA$13.22 to CA$15.29. The latest close sits 13.92% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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