A side-by-side comparison of BMO Ultra Short-Term Bond (ZST) and iShares Canadian Universe Bond (XBB) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZST | XBB |
|---|---|---|
| YTD Return | -0.04%✓ | -2.18% |
| 1-Day Change | -0.20% | +0.33%✓ |
| 1-Week Change | -0.20%✓ | -0.54% |
| 1-Month Change | -0.10%✓ | +0.88% |
| Current Price | $49.02 | $27.43 |
| AUM | $3.43B | $10.95B✓ |
| MER (Expense Ratio) | 0.15% | — |
| Dividend Yield | 2.55% | 3.57%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2011-01-28 | 2000-11-20 |
| Holdings Count | 10 | 8 |
| MorningStar Rating | — | — |
| Category | Canadian Bonds | Canadian Bonds |
| Beta | 0.06 | 1.00 |
| 52-Week High | $49.04 | $27.96 |
| 52-Week Low | $47.83 | $27.03 |
| 50-Day MA | $49.11 | $27.44 |
| 200-Day MA | $49.10 | $27.93 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZST | XBB |
|---|---|---|
| YTD | -0.04%✓ | -2.18% |
| 1 Year | +2.56%✓ | -1.04% |
| 3 Year | +3.65% | +4.61%✓ |
| 5 Year | +3.41%✓ | +0.50% |
| 10 Year | +2.61%✓ | +1.38% |
| 1Y Volatility | 0.13% | 4.11% |
| Sharpe Ratio (3Y) | 2.89 | 0.26 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | Canada (Government of) 0% | 20.25% | |
| 2 | Purpose High Interest Savings ETF | 10.05% | |
| 3 | Dollarama Inc 2.34% | 6.87% | |
| 4 | The Toronto-Dominion Bank 1.99% | 6.53% | |
| 5 | Honda Canada Finance Inc. 1.82% | 4.82% | |
| 6 | Royal Bank of Canada 1.97% | 4.61% | |
| 7 | Daimler Canada Finance, Inc. 1.91% | 4.15% | |
| 8 | Canadian Imperial Bank of Commerce 2.04% | 3.60% | |
| 9 | Omers Realty Corporation 1.82% | 3.11% | |
| 10 | Bank of Nova Scotia 1.83% | 2.73% |
| 1 | Canada (Government of) 1.25% | 1.47% | |
| 2 | Canada (Government of) 1% | 1.15% | |
| 3 | Canada (Government of) 0.5% | 1.17% | |
| 4 | Quebec (Province Of) 3.5% | 1.11% | |
| 5 | Ontario (Province Of) 2.9% | 0.99% | |
| 6 | Canada (Government of) 2% | 1.00% | |
| 7 | Canada (Government of) 1.5% | 0.94% | |
| 8 | Canada (Government of) 1.75% | 0.98% |
Sector Weights
| Sector | ZST | XBB |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZST
BMO Ultra Short-Term Bond (ZST.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About XBB
iShares Canadian Universe Bond (XBB.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZST and XBB are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, XBB scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZST and XBB?
ZST (BMO Ultra Short-Term Bond) and XBB (iShares Canadian Universe Bond) are both Canadian-listed ETFs. Key differences include their AUM ($3.43B vs $10.95B), dividend yield (2.55% vs 3.57%), and year-to-date performance (-0.04% vs -2.18%).
Is ZST better than XBB?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZST has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZST and XBB on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZST and XBB should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report