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TSX · CAD · ETF

BMO Growth ETF (ZGRO.TO) ETF Analysis

ZGRO.TO
Expense ratio 0.18% Yield 1.39% Assets CA$871.79M Since January 23, 2023 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$19.46
+CA$0.07 (+0.36%)

October 21, 2026 · Market close

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Price History

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

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ZGRO.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+13.89%CA$113.89
3 years+20.08%CA$173.16
5 years+10.95%CA$168.13
Since February 15, 2019+11.39%CA$228.92

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

ZGRO.TO Return by Calendar Year

2019 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+12.56%
2025+16.39%
2024+20.71%
2023+14.64%
2022−10.58%
2021+14.98%
2020+10.81%
2019 (partial year)+10.83%

ZGRO.TO Monthly Returns

−10%+9%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+1.5+3.0−4.1+4.9+4.5+1.8−1.0+1.6−0.2+0.2——
2025+3.3−0.7−2.4−2.4+4.2+2.9+1.9+2.2+4.2+2.2+0.7−0.6
2024+1.0+3.7+2.7−2.0+2.4+1.8+3.3+0.1+2.5+0.5+4.5−1.2
2023+5.2−1.1+1.7+1.6−1.8+2.3+2.4−0.4−3.6−1.1+5.9+3.1
2022−3.4−2.0+0.8−5.0−0.3−6.4+5.7−1.8−3.9+3.8+5.5−3.2
2021−0.0+1.8+1.1+1.5+0.8+2.8+1.1+2.5−2.7+2.1+0.7+2.5
2020+1.1−4.9−9.1+8.2+2.9+1.5+3.1+2.6−1.3−2.2+7.9+1.9
2019——+2.4+2.9−3.4+2.4+0.4+0.3+1.0+1.1+3.2+0.2

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

ZGRO.TO Volatility & Risk

Volatility: 7 yrs · Beta: 3 yrs
Annualized volatility
13.37%
Beta (3y)
1.09
Best year
+20.71%

2024

Worst year
−10.58%

2022

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

Top Holdings

# Symbol Name Weight
1 ZSP.TO BMO S&P 500 ETF (CAD) 36.61%
2 ZCN.TO BMO S&P/TSX Capped Composite ETF 19.86%
3 ZDB.TO BMO Discount Bond ETF 14.02%
4 ZEA.TO BMO MSCI EAFE ETF 13.2%
5 ZEM.TO BMO MSCI Emerging Markets ETF 7.4%
6 ZUAG-F.TO BMO US Aggregate Bond ETF Hedged Units 5.99%
7 ZMID.TO BMO S&P US Mid Cap ETF 1.95%
8 ZSML.TO BMO S&P US Small Cap ETF 0.96%

Analysis

Data-derived

Fund Overview

BMO Growth ETF (ZGRO.TO) is an exchange-traded fund. Total net assets stand at CA$871.79M. Annual costs run at an expense ratio of 0.18%. On a CA$10,000 position that is CA$18.00 a year. BMO Asset Management Inc is the fund family on file. The inception date on file is January 23, 2023.

The largest positions on file are BMO S&P 500 ETF (CAD) (ZSP.TO), BMO S&P/TSX Capped Composite ETF (ZCN.TO), and BMO Discount Bond ETF (ZDB.TO). BMO S&P 500 ETF (CAD) alone accounts for 36.61% of the portfolio.

Performance Analysis

ZGRO.TO last closed at CA$19.46 on October 21, 2026. The trailing one-year total return is +13.89%. Measured over 5 years, that is +10.95% a year compounded. The trailing distribution yield is 1.39%.

2026 is still running; the total return is +12.56% year to date. Across the complete calendar years on file, 2024 returned +20.71% and 2022 returned −10.58%. Of the 6 complete calendar years on file, 5 finished higher.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$17.01 to CA$19.79. The latest close sits 14.4% above that 52-week low. Annualized volatility over the trailing 7 years is 13.37%. The reported beta is 1.09. 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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