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BMO Premium Yield ETF (ZPAY.TO) ETF Analysis

ZPAY.TO

Expense ratio 0.65% Yield 6.99% Since January 15, 2020 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$34.79

+CA$0.02 (+0.06%)

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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ZPAY.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+12.64%	+12.64%	CA$112.64	CA$337.92
3 years	+43.80%	+12.87%	CA$143.80	CA$431.40
5 years	+59.21%	+9.75%	CA$159.21	CA$477.62
Since January 22, 2020	+77.69%	+8.90%	CA$177.69	CA$533.07

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

ZPAY.TO Return by Calendar Year

2026 is a partial year

−6.33%+16.94%+13.82%

2020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+13.82%
2025	+5.25%
2024	+16.94%
2023	+16.87%
2022	−6.33%
2021	+9.54%
2020	+5.78%

ZPAY.TO Monthly Returns

−6%+8%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	−0.6	+0.1	−1.2	+2.6	+4.0	+1.5	+1.7	+0.5	+3.3	+1.2	—	—
2025	+3.3	−0.4	−3.3	−4.7	+2.3	+1.3	+1.5	+1.4	+2.9	+1.8	+0.6	−1.2
2024	+1.7	+2.3	+0.5	+0.2	+0.5	+1.6	+1.8	−0.1	+1.1	+2.8	+1.9	+1.4
2023	+3.3	+1.3	+4.2	+1.1	+0.4	+0.3	+1.5	+2.5	−2.4	+1.3	+1.9	+0.4
2022	−1.5	−2.8	+0.7	−2.2	−2.4	−3.9	+7.5	−1.4	−3.8	+4.2	+4.3	−4.5
2021	−0.0	+0.4	+1.2	−1.1	−0.9	+3.8	+1.9	+1.9	−1.8	−0.3	+1.7	+2.4
2020	—	−5.2	+1.1	+6.3	+2.5	−0.8	+0.5	+0.3	+2.1	−1.7	+2.1	−0.2

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

ZPAY.TO Volatility & Risk

Volatility: 6 yrs · Beta: 3 yrs

Annualized volatility: 9.93%
Beta (3y): 0.14
Best year: +16.94%
Worst year: −6.33%

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

Top Holdings

#	Symbol	Name	Weight
1	MSFT	Microsoft Corp	5.12%
2	AAPL	Apple Inc	4.82%
3	V	Visa Inc Class A	2.76%
4	GOOGL	Alphabet Inc Class A	2.75%
5	LLY	Eli Lilly and Co	2.67%
6	COST	Costco Wholesale Corp	2.67%
7	META	Meta Platforms Inc Class A	2.35%
8	WMT	Walmart Inc	1.97%
9	ADP	Automatic Data Processing Inc	1.8%

Analysis

Data-derived

Fund Overview

BMO Premium Yield ETF (ZPAY.TO) is an exchange-traded fund. The expense ratio is 0.65%. On a CA$10,000 position that is CA$65.00 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 Microsoft Corp (MSFT), Apple Inc (AAPL), and Visa Inc Class A (V). Microsoft Corp alone accounts for 5.12% of the portfolio.

Performance Analysis

ZPAY.TO last closed at CA$34.79 on October 21, 2026. Over the trailing twelve months the total return is +12.64%. Measured over 5 years, that is +9.75% a year compounded. The trailing distribution yield is 6.99%.

The strongest complete calendar year on file is 2024 at +16.94%; the weakest is 2022 at −6.33%. Of the 6 complete calendar years on file, 5 finished higher. So far in 2026 the total return is +13.82%.

Price & Risk Profile

Daily returns over the trailing 6 years annualize to a volatility of 9.93%. Beta against the wider market is reported at 0.14. The 52-week range on file runs from CA$30.60 to CA$35.23. The latest close sits 13.69% 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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