VS
BMO Mid Provincial Bond Index ETF (ZMP) and Global X 0-3 Month T-Bill ETF (CBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMP focuses its top 3 sector exposures on Municipal, while CBIL leans towards Sovereign. When evaluating costs, ZMP features a management fee (MER) of 0.25%, compared to 0.1% for CBIL. Performance-wise, ZMP has returned 0.38% year-to-date with +$126 M in net flows, whereas CBIL is at 1.45% with +$1 B. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ZMP
CBIL
| AuM | $832.37 M | $2,733.80 M |
| Management Fees | 0.25% | 0.10% |
| Exp. ratio | 0.28% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMP | -1.17% | -1.23% | +0.38% | +2.34% | +16.38% |
CBIL | +0.17% | +0.55% | +1.45% | +2.24% | +7.34% | |
| Flows | ZMP | +$31 M | +$39 M | +$126 M | +$389 M | +$508 M |
CBIL | +$228 M | +$508 M | +$1,144 M | +$1,096 M | +$2,267 M |
ZMP vs CBIL exposure
Countries
ZMP
Canada
100.00%
CBIL
Canada
99.99%
Sectors
ZMP
Municipal
100.00%
CBIL
Sovereign
99.99%
As of September 2, 2026
Top 10 Holdings
ZMP
Province of Ontario, 3.6% 2jun2035, CAD
11.87%
Province of Ontario, 3.65% 2jun2033, CAD (DMTN258)
11.42%
Province of Quebec, 3.6% 1sep2033, CAD (B135)
11.34%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
10.11%
Province of Quebec, 3.25% 1sep2032, CAD (B131)
9.11%
British Columbia, 4% 18jun2035, CAD (BCCD-48)
7.17%
Province of Quebec, 4.45% 1sep2034, CAD (B136)
6.69%
Province of Ontario, 4.15% 2jun2034, CAD (DMTN262)
5.12%
Manitoba, 4.25% 2jun2034, CAD
2.94%
Province of Quebec, 4% 1sep2035, CAD (B138)
2.86%
CBIL
Canada, Bills 0% 9nov2023, CAD (364D)
99.99%
Diversification
ZMP
Total weight of top 10 holdings out of 23 total
78.63%
CBIL
Total weight of top 10 holdings out of 1 total
99.99%
Characteristics
Compare
ZMP
CBIL
| Provider | BMO | Global X |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Mid Term Provincial Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.31% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | April 12, 2023 |
Frequently asked questions about ZMP and CBIL
Which ETF has performed better year to date: ZMP or CBIL?
As of September 2, 2026, ZMP has returned 0.38% year to date, while CBIL has returned 1.45%. CBIL is ahead on YTD performance.
Which ETF is larger by assets under management: ZMP or CBIL?
As of September 2, 2026, ZMP manages $832.37 M in assets, while CBIL manages $2.73 B. CBIL is the larger fund by AUM.
How are ZMP and CBIL managed?
ZMP is passively managed by BMO. It tracks the FTSE Canada Mid Term Provincial Bond TR Index - CAD benchmark. CBIL is actively managed by Global X. It does not track an index.
What sectors do ZMP and CBIL emphasize?
ZMP is most exposed to Municipal. CBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZMP or CBIL?
Year to date, ZMP has seen +$126.28 M in net flows, compared with +$1,143.81 M for CBIL. CBIL has attracted more net investor money so far.
How do the fees of ZMP and CBIL compare?
ZMP has an expense ratio of 0.28%, while CBIL has an expense ratio of 0.11%.
What are the top holdings of ZMP and CBIL?
ZMP's largest holdings include Province of Ontario, 3.6% 2jun2035, CAD, Province of Ontario, 3.65% 2jun2033, CAD (DMTN258), and Province of Quebec, 3.6% 1sep2033, CAD (B135). CBIL's top holdings include Canada, Bills 0% 9nov2023, CAD (364D).
Which ETF is more diversified: ZMP or CBIL?
ZMP holds 23 securities, while CBIL holds 1. On holdings count, ZMP is the more diversified portfolio.
Recent articles about ZMP and CBIL
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.