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Compare BMO Short-Term US Treasury Bond Index ETF (ZTS) vs BMO Long-Term US Treasury Bond Index ETF (ZTL.U) to find the best fit for your portfolio. ZTS and ZTL.U provide the same top sector exposures: Sovereign. When evaluating costs, ZTS features a management fee (MER) of 0.2%, compared to 0.2% for ZTL.U. Performance-wise, ZTS has returned 4.27% year-to-date with -$15 M in net flows, whereas ZTL.U is at 3.71% with -$4 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
ZTS
ZTL.U
| AuM | $101.23 M | $23.37 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.23% | 0.22% |
| Tracking Difference | - | 0.00% |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTS | +0.94% | +2.32% | +4.27% | +2.77% | +15.77% |
ZTL.U | +3.68% | -0.40% | -3.71% | -5.27% | +4.88% | |
| Flows | ZTS | +$5 M | +$0 M | -$15 M | +$41 M | +$63 M |
ZTL.U | +$0 M | +$0 M | -$4 M | -$4 M | -$14 M |
ZTS vs ZTL.U exposure
Countries
ZTS
USA
97.55%
ZTL.U
USA
98.47%
Sectors
ZTS
Sovereign
97.55%
ZTL.U
Sovereign
98.47%
As of November 11, 2026
Top 10 Holdings
ZTS
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.23%
USA, Notes 4% 28feb2030, USD (H-2030)
1.21%
USA, Notes 1.25% 15aug2031, USD (E-2031)
1.20%
USA, Notes 1.625% 15may2031, USD (C-2031)
1.08%
USA, Notes 1.125% 15feb2031, USD (B-2031)
1.06%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.06%
USA, Notes 0.875% 15nov2030, USD (F-2030)
1.06%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.89%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.88%
USA, Notes 4.5% 31may2029, USD (Z-2029)
0.88%
ZTL.U
USA, Bonds 5% 15may2056, USD
4.25%
USA, Bonds 4.75% 15feb2056, USD
4.08%
USA, Bonds 4.75% 15may2055, USD
4.08%
USA, Bonds 4.75% 15aug2055, USD
4.08%
USA, Bonds 4.625% 15may2054, USD
4.00%
USA, Bonds 4.625% 15nov2055, USD
4.00%
USA, Bonds 4.625% 15feb2055, USD
4.00%
USA, Bonds 4.5% 15nov2054, USD
3.92%
USA, Bonds 4.75% 15nov2053, USD
3.84%
USA, Bonds 4.25% 15feb2054, USD
3.76%
Diversification
ZTS
Total weight of top 10 holdings out of 149 total
10.55%
ZTL.U
Total weight of top 10 holdings out of 40 total
40.00%
Characteristics
Compare
ZTS
ZTL.U
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD | Bloomberg U.S. Treasury 20+ Year Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.94% | 3.41% |
| Meets ESG criteria | No | No |
| Inception Date | February 28, 2017 | February 28, 2017 |
Frequently asked questions about ZTS and ZTL.U
Which ETF has performed better year to date: ZTS or ZTL.U?
As of November 11, 2026, ZTS has returned 4.27% year to date, while ZTL.U has returned -3.71%. ZTS is ahead on YTD performance.
Which ETF is larger by assets under management: ZTS or ZTL.U?
As of November 11, 2026, ZTS manages $101.23 M in assets, while ZTL.U manages $23.37 M. ZTS is the larger fund by AUM.
How are ZTS and ZTL.U managed?
ZTS is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD benchmark. ZTL.U is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Total Return Index - USD benchmark.
What sectors do ZTS and ZTL.U emphasize?
ZTS is most exposed to Sovereign. ZTL.U is most exposed to Sovereign.
Which ETF is attracting more investor flows: ZTS or ZTL.U?
Year to date, ZTS has seen -$14.64 M in net flows, compared with -$4.35 M for ZTL.U. ZTL.U has attracted more net investor money so far.
How do the fees of ZTS and ZTL.U compare?
ZTS has an expense ratio of 0.23%, while ZTL.U has an expense ratio of 0.22%.
What are the top holdings of ZTS and ZTL.U?
ZTS's largest holdings include USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4% 28feb2030, USD (H-2030). ZTL.U's top holdings include USA, Bonds 5% 15may2056, USD, USA, Bonds 4.75% 15feb2056, USD, and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: ZTS or ZTL.U?
ZTS holds 147 securities, while ZTL.U holds 40. On holdings count, ZTS is the more diversified portfolio.
Recent articles about ZTS and ZTL.U
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