TSX · CAD · ETF

BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT.TO) ETF Analysis

ZMT.TO

Expense ratio 0.61% Yield 0.18% Assets CA$79.04M Since October 20, 2009 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$112.15

−CA$0.55 (−0.49%)

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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ZMT.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+12.03%	+12.03%	CA$112.03	CA$336.10
3 years	+132.09%	+32.40%	CA$232.09	CA$696.26
5 years	+115.43%	+16.59%	CA$215.43	CA$646.29
10 years	+219.25%	+12.31%	CA$319.25	CA$957.76

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

ZMT.TO Return by Calendar Year

2016 and 2026 are partial years

−34.17%+63.17%+5.55%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+5.55%
2025	+63.17%
2024	+15.30%
2023	+14.54%
2022	−6.65%
2021	+11.04%
2020	+14.70%
2019	+15.82%
2018	−34.17%
2017	+37.76%
2016 (partial year)	+16.54%

ZMT.TO Monthly Returns

−27%+23%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+15.8	+9.6	−13.7	+11.7	+12.0	−10.5	−7.0	+14.0	−9.3	−10.5	—	—
2025	+0.0	−1.0	−2.8	−0.4	+11.3	+8.1	−1.0	+5.6	+16.2	+8.4	−0.4	+7.9
2024	−3.0	+0.3	+13.5	+7.7	+4.4	−5.2	+1.1	−2.3	+8.2	−2.1	+4.0	−10.0
2023	+16.0	−3.1	−0.6	−0.4	−9.1	+11.5	+9.3	−8.9	−3.5	−11.3	+5.6	+13.0
2022	−2.5	+16.6	+5.9	−10.2	−3.6	−22.1	+5.2	+0.9	−9.3	+6.9	+15.1	−2.9
2021	−4.3	+17.2	−1.3	+5.8	+3.8	−7.5	+1.0	−5.2	−4.5	+4.5	−4.1	+7.9
2020	−15.4	−9.7	−26.7	+16.9	+9.1	+5.5	+4.8	+11.7	−8.5	+2.7	+22.1	+13.1
2019	+11.5	+6.6	−2.2	+1.6	−12.3	+11.5	−5.1	−10.8	+6.8	−0.6	+6.0	+5.2
2018	+0.2	−2.7	−6.9	+1.6	+1.1	−4.6	+0.9	−5.5	+0.5	−15.0	−0.9	−8.5
2017	+16.4	−4.6	−2.2	−1.7	−4.1	+4.0	+13.3	+6.5	−3.0	+4.7	−3.4	+9.3

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

ZMT.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 33.87%
Beta (3y): 0.91
Best year: +63.17%
Worst year: −34.17%

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

Top Holdings

#	Symbol	Name	Weight
1	HBM.TO	Hudbay Minerals Inc	5.48%
2	CGG.TO	China Gold International Resources Corp Ltd	3.53%
3	ARG.TO	Amerigo Resources Ltd	3.53%
4	LXFR	Luxfer Holdings PLC	3.47%
5	ALS.TO	Altius Minerals Corp	3.39%
6	OM.TO	Osisko Metals Inc	3.08%
7	TECK-B.TO	Teck Resources Ltd Class B (Sub Voting)	3.07%
8	ATI	ATI Inc	3.05%
9	FM.TO	First Quantum Minerals Ltd	3.01%
10	KALU	Kaiser Aluminum Corp	3%

Analysis

Data-derived

Fund Overview

BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT.TO) is an exchange-traded fund. The fund is issued by BMO Asset Management Inc. It has been trading since October 20, 2009. The fund holds CA$79.04M in total net assets. The expense ratio is 0.61%. On a CA$10,000 position that is CA$61.00 a year.

The largest positions on file are Hudbay Minerals Inc (HBM.TO), China Gold International Resources Corp Ltd (CGG.TO), and Amerigo Resources Ltd (ARG.TO). Hudbay Minerals Inc alone accounts for 5.48% of the portfolio. The ten largest positions together make up 34.61% of the fund.

Performance Analysis

The most recent close on file for ZMT.TO is CA$112.15, dated October 21, 2026. Over the trailing twelve months the total return is +12.03%. Measured over 10 years, that is +12.31% a year compounded. The fund distributes at a trailing yield of 0.18%.

So far in 2026 the total return is +5.55%. Across the complete calendar years on file, 2025 returned +63.17% and 2018 returned −34.17%. Of the 9 complete calendar years on file, 7 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$88.66 to CA$153.63. The latest close sits 26.49% above that 52-week low. Annualized volatility over the trailing 10 years is 33.87%. The reported beta is 0.91. 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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