BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU.TO) ETF Analysis

Fund Overview

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU.TO) is an exchange-traded fund. Total net assets stand at CA$3.56B. The fund is issued by BMO Asset Management Inc. It has been trading since March 20, 2013.

BMO Mid-Term US IG Corp Bond ETF (CAD) alone accounts for 100% of the portfolio.

Performance Analysis

ZMU.TO last closed at CA$12.21 on September 4, 2026. The trailing one-year price return is −1.01%. Measured over 5 years, that is −0.68% a year compounded. The trailing distribution yield is 4.6%.

So far in 2026 the price is −2.11%. The strongest complete calendar year on file is 2019 at +12.98%; the weakest is 2022 at −14.71%. Of the 7 complete calendar years on file, 5 finished higher.

Price & Risk Profile

Annualized volatility over the trailing 8 years is 8.37%. Beta against the wider market is reported at 0.73. Over the past 52 weeks the price has ranged from CA$12.18 to CA$13.09. The latest close sits 0.25% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.