VS
Compare BMO Short-Term Discount Bond ETF (ZSDB) vs BMO Discount Bond Index ETF (ZDB) to find the best fit for your portfolio. ZSDB provides Finance, Sovereign, and Municipal exposures, while ZDB is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, ZSDB features a management fee (MER) of 0.09%, compared to 0.09% for ZDB. Performance-wise, ZSDB has returned 0.74% year-to-date with +$67 M in net flows, whereas ZDB is at 0.62% with +$275 M. 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
ZSDB
ZDB
| AuM | $317.49 M | $1,400.13 M |
| Management Fees | 0.09% | 0.09% |
| Exp. ratio | 0.10% | 0.10% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZSDB | +0.01% | -0.40% | +0.74% | +0.55% | +15.37% |
ZDB | -0.39% | -1.46% | -0.62% | -1.84% | +15.34% | |
| Flows | ZSDB | +$7 M | +$16 M | +$67 M | +$86 M | +$246 M |
ZDB | +$18 M | +$96 M | +$275 M | +$588 M | +$548 M |
ZSDB vs ZDB exposure
Countries
ZSDB
Canada
100.00%
ZDB
Canada
100.00%
Sectors
ZSDB
Finance
40.27%
Sovereign
27.02%
Municipal
12.03%
Utilities
9.12%
Other
11.56%
ZDB
Sovereign
33.39%
Municipal
31.40%
Finance
11.58%
Government Agencies
9.96%
Other
13.67%
As of October 19, 2026
Top 10 Holdings
ZSDB
Canada, Bond 0.5 1oct2030 10Y
13.05%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
11.79%
Canada, Bond 1.25 1jun2030 10Y
7.70%
Royal Bank of Canada, 1.833% 31jul2028, CAD
7.47%
Canada, Bond 2 1jun2028 10Y
6.27%
PSP Capital, 1.5% 15mar2028, CAD (14)
6.23%
Granite REIT Holdings, 2.194% 30aug2028, CAD
4.97%
CGI Inc., 2.1% 18sep2028, CAD
4.95%
Manulife Financial Corporation, 2.818% 13may2035, CAD
4.90%
CMHC, 1.75% 15jun2030, CAD (92)
3.61%
ZDB
Canada, Bond 0.5 1oct2030 10Y
18.56%
CMHC, 1.9% 15mar2031, CAD (100)
6.30%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
5.65%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
5.50%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
5.13%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
5.06%
Canada, Bonds 2.25% 1dec2029, CAD
4.57%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
3.27%
Canada, Bonds 2% 1jun2032, CAD
3.11%
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
2.65%
Diversification
ZSDB
Total weight of top 10 holdings out of 28 total
70.94%
ZDB
Total weight of top 10 holdings out of 45 total
59.81%
Characteristics
Compare
ZSDB
ZDB
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Discount Bond Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.40% | 1.84% |
| Meets ESG criteria | No | No |
| Inception Date | January 17, 2022 | February 10, 2014 |
Frequently asked questions about ZSDB and ZDB
Which ETF has performed better year to date: ZSDB or ZDB?
As of October 19, 2026, ZSDB has returned 0.74% year to date, while ZDB has returned -0.62%. ZSDB is ahead on YTD performance.
Which ETF is larger by assets under management: ZSDB or ZDB?
As of October 19, 2026, ZSDB manages $317.49 M in assets, while ZDB manages $1.40 B. ZDB is the larger fund by AUM.
How are ZSDB and ZDB managed?
ZSDB is actively managed by BMO. It does not track an index. ZDB is passively managed by BMO. It tracks the FTSE Canada Universe Discount Bond Index - CAD benchmark.
What sectors do ZSDB and ZDB emphasize?
ZSDB is most exposed to Finance, Sovereign, and Municipal. ZDB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: ZSDB or ZDB?
Year to date, ZSDB has seen +$66.61 M in net flows, compared with +$275.25 M for ZDB. ZDB has attracted more net investor money so far.
How do the fees of ZSDB and ZDB compare?
ZSDB has an expense ratio of 0.10%, while ZDB has an expense ratio of 0.10%.
What are the top holdings of ZSDB and ZDB?
ZSDB's largest holdings include Canada, Bond 0.5 1oct2030 10Y, Toronto-Dominion Bank, 1.896% 11sep2028, CAD, and Canada, Bond 1.25 1jun2030 10Y. ZDB's top holdings include Canada, Bond 0.5 1oct2030 10Y, CMHC, 1.9% 15mar2031, CAD (100), and Sun Life Financial, 2.06% 1oct2035, CAD (2020-2).
Which ETF is more diversified: ZSDB or ZDB?
ZSDB holds 28 securities, while ZDB holds 45. On holdings count, ZDB is the more diversified portfolio.
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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.