BMO Balanced ESG ETF (ZESG.TO) ETF Analysis

Fund Overview

BMO Balanced ESG ETF (ZESG.TO) is an exchange-traded fund. The fund holds CA$104.22M 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 33.76% of the portfolio.

Performance Analysis

The most recent close on file for ZESG.TO is CA$15.08, dated September 4, 2026. Over the trailing twelve months the price has returned +12.95%. Across 5 years the annualized return works out at +7.63%. The fund distributes at a trailing yield of 1.74%.

2026 is still running; the price is +8.00% year to date. Across the complete calendar years on file, 2024 returned +16.69% and 2022 returned −13.71%. 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 8.71%. The reported beta is 1.22. Over the past 52 weeks the price has ranged from CA$13.22 to CA$15.29. The latest close sits 14.07% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.