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BMO Balanced ETF (ZBAL.TO)
About this ETF
This BMO Balanced Exchange Traded Fund (ETF) aims to deliver a combination of moderate long-term capital growth and a steady income stream. It achieves this by allocating its investments across a diversified portfolio of global equity and fixed income ETFs. The fund's asset allocation is strategically rebalanced every quarter to align with predefined index weightings. Specifically, its holdings are comprised of various broad-market indexed equity and fixed income ETFs. Operating as a 'fund of funds,' ZBAL's management fees are structured to be net of the fees already incurred within the underlying ETFs it holds.
Price
Top 10 holdings
| BMO S&P 500 Index ETF ZSP.TO | 27.70% |
| BMO Discount Bond Index ETF | 27.68% |
| BMO S&P/TSX Capped Composite Index ETF ZCN.TO | 15.12% |
| BMO US Aggregate Bond Index ETF | 11.83% |
| BMO MSCI EAFE Index ETF ZEA.TO | 9.88% |
| BMO MSCI Emerging Markets Index ETF ZEM.TO | 5.53% |
| BMO S&P US Mid Cap Index ETF ZMID.TO | 1.52% |
| BMO S&P US Small Cap Index ETF ZSML.TO | 0.76% |
| Cash | -0.01% |
Sector mix
Price chart
Returns
| 1 month | +0.50% |
| 3 months | +4.78% |
| 6 months | +5.05% |
| Year to date | +7.67% |
| 1 year | -61.57% |
| 3 years (ann.) | -21.95% |
| 5 years (ann.) | -15.01% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 67.30% |
| Sharpe (1y) | -0.77 |
| Sharpe (3y) | -0.25 |
| Sortino (1y) | -0.51 |
| Max drawdown (1y) | -66.71% |
| Max drawdown (5y) | -66.71% |
| Max drawdown (full) | -66.71% |
| Beta vs S&P 500 (1y) | 0.55 |
| Correlation vs S&P 500 (1y) | 0.10 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 256 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-29 | 2026-07-03 | CAD 0.0590 |
| 2026-03-30 | 2026-04-02 | CAD 0.0540 |
| 2025-12-30 | 2026-01-05 | CAD 0.0750 |
| 2025-09-29 | 2025-10-02 | CAD 0.0750 |
| 2025-06-27 | 2025-07-03 | CAD 0.2200 |
| 2025-03-28 | 2025-04-02 | CAD 0.0733 |
| 2024-12-30 | 2025-01-03 | CAD 0.0733 |
| 2024-09-27 | 2024-10-02 | CAD 0.0733 |
| 2024-06-27 | 2024-07-03 | CAD 0.0733 |
| 2024-03-27 | 2024-04-02 | CAD 0.2200 |
| 2023-12-27 | 2024-01-03 | CAD 0.2200 |
| 2023-09-27 | 2023-10-04 | CAD 0.2200 |
| 2023-06-28 | 2023-07-05 | CAD 0.2200 |
| 2023-03-29 | 2023-04-04 | CAD 0.2200 |
| 2022-12-28 | 2023-01-03 | CAD 0.2200 |
| 2022-09-28 | 2022-10-05 | CAD 0.2200 |
| 2022-06-28 | 2022-07-05 | CAD 0.2200 |
| 2022-03-29 | 2022-04-04 | CAD 0.2200 |
| 2021-12-29 | 2022-01-05 | CAD 0.2200 |
| 2021-09-28 | 2021-10-04 | CAD 0.2200 |
| 2021-06-28 | 2021-07-06 | CAD 0.2200 |
| 2021-03-29 | 2021-04-05 | CAD 0.2200 |
| 2020-12-29 | 2021-01-05 | CAD 0.2200 |
| 2020-09-28 | 2020-10-02 | CAD 0.2200 |
| 2020-06-26 | 2020-07-06 | CAD 0.2200 |
| 2020-03-27 | 2020-04-02 | CAD 0.2200 |
| 2019-12-27 | 2020-01-03 | CAD 0.2000 |
| 2019-09-26 | 2019-10-02 | CAD 0.1900 |
| 2019-06-26 | 2019-07-03 | CAD 0.1900 |
| 2019-03-27 | 2019-04-02 | CAD 0.1900 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio XEQT.TO | 0.20% | 14.36B | 1.60% | +25.31% | 1.89 |
| Vanguard All-Equity ETF Portfolio VEQT.TO | 0.22% | 11.06B | 1.24% | +26.33% | 1.94 |
| FT Vest Laddered Buffer ETF BUFR | 0.95% | 10.09B | — | +14.32% | 2.06 |
| Vanguard Growth ETF Portfolio VGRO.TO | 0.22% | 7.42B | 1.75% | +20.49% | 1.87 |
| Capital Group Core Balanced ETF CGBL | 0.33% | 7.08B | 1.88% | +10.67% | 1.04 |
| Eaton Vance Total Return Bond ETF EVTR | 0.32% | 5.61B | 4.72% | -0.81% | -0.18 |
| iShares Systematic Alternatives Active ETF IALT | 0.99% | 5.00B | 0.40% | — | — |
| VanEck J.P. Morgan EM Local Currency Bond ETF EMLC | 0.30% | 4.80B | 6.27% | +0.79% | 0.14 |
| VanEck High Yield Muni ETF HYD | 0.32% | 4.51B | 4.32% | +2.55% | 0.65 |
| Vanguard Balanced ETF Portfolio VBAL.TO | 0.22% | 4.00B | 2.11% | +14.75% | 1.67 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| VanEck Short Muni ETF SMB | 0.07% | 312.74M | 0.0% |
| iShares LifePath Retirement ETF IRTR | 0.08% | 58.12M | 0.0% |
| iShares LifePath Target Date 2030 ETF ITDB | 0.09% | 74.33M | 0.0% |
| iShares LifePath Target Date 2035 ETF ITDC | 0.10% | 108.69M | 0.0% |
| iShares LifePath Target Date 2045 ETF ITDE | 0.11% | 87.49M | 0.0% |
