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BMO Conservative ETF (ZCON.TO)
About this ETF
The BMO Conservative ETF (ZCON) is designed to generate consistent income and achieve modest capital appreciation over the long term. It accomplishes this by investing in a diverse selection of underlying global stock and bond exchange-traded funds. The portfolio undergoes systematic rebalancing each quarter to ensure it aligns with its predetermined strategic, index-based asset allocation targets. This ETF primarily holds widely diversified, passively managed equity and fixed income ETFs. As a multi-fund structure, it offers a notable fee benefit: the management fees charged are adjusted downwards to account for the expenses already incurred by its constituent funds, thereby preventing duplicate charges.
Price
Top 10 holdings
| BMO Discount Bond Index ETF | 41.70% |
| BMO S&P 500 Index ETF ZSP.TO | 18.53% |
| BMO US Aggregate Bond Index ETF | 17.80% |
| BMO S&P/TSX Capped Composite Index ETF ZCN.TO | 10.11% |
| BMO MSCI EAFE Index ETF ZEA.TO | 6.63% |
| BMO MSCI Emerging Markets Index ETF ZEM.TO | 3.71% |
| BMO S&P US Mid Cap Index ETF ZMID.TO | 1.01% |
| BMO S&P US Small Cap Index ETF ZSML.TO | 0.51% |
| Cash | -0.01% |
Sector mix
Price chart
Returns
| 1 month | -0.08% |
| 3 months | +3.12% |
| 6 months | +3.12% |
| Year to date | +4.93% |
| 1 year | -63.38% |
| 3 years (ann.) | -24.80% |
| 5 years (ann.) | -17.44% |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 426.57% |
| Sharpe (1y) | 1.12 |
| Sharpe (3y) | 0.66 |
| Sortino (1y) | 2.10 |
| Max drawdown (1y) | -66.98% |
| Max drawdown (5y) | -66.99% |
| Max drawdown (full) | -66.99% |
| Beta vs S&P 500 (1y) | -0.23 |
| Correlation vs S&P 500 (1y) | -0.01 |
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 0.0540 |
| 2026-03-30 | 2026-04-02 | CAD 0.0480 |
| 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 0.2200 |
| 2024-12-30 | 2025-01-03 | CAD 0.2200 |
| 2024-09-27 | 2024-10-02 | CAD 0.2200 |
| 2024-06-27 | 2024-07-03 | CAD 0.2200 |
| 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 0.2000 |
| 2019-06-26 | 2019-07-03 | CAD 0.2000 |
| 2019-03-27 | 2019-04-02 | CAD 0.2000 |
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% |
