A side-by-side comparison of BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU) and Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG) 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 | ZMU | QUIG |
|---|---|---|
| YTD Return | -6.07% | -5.39%✓ |
| 1-Day Change | +0.08%✓ | -0.70% |
| 1-Week Change | -1.23% | -0.76%✓ |
| 1-Month Change | -1.95% | -1.70%✓ |
| Current Price | $12.08 | $81.08 |
| AUM | $3.54B✓ | $655M |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 4.65%✓ | 4.16% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2013-03-20 | 2018-01-29 |
| Holdings Count | 1 | 9 |
| MorningStar Rating | ★★ | ★ |
| Category | Global Corporate Fixed Income | Global Corporate Fixed Income |
| Beta | 0.75 | 0.77 |
| 52-Week High | $12.66 | $84.51 |
| 52-Week Low | $12.02 | $81.08 |
| 50-Day MA | $12.34 | $82.60 |
| 200-Day MA | $12.64 | $84.55 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZMU | QUIG |
|---|---|---|
| YTD | -6.07% | -5.39%✓ |
| 1 Year | -3.12% | -2.10%✓ |
| 3 Year | +4.00%✓ | +3.47% |
| 5 Year | -0.86%✓ | -1.25% |
| 10 Year | +1.43% | — |
| 1Y Volatility | 3.42% | 3.66% |
| Sharpe Ratio (3Y) | 0.11 | -0.03 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | ZIC | BMO Mid-Term US IG Corporate Bond Index ETF (CAD) | 100.00% |
| 1 | JPMorgan Chase & Co. | 0.94% | |
| 2 | Bank of America Corporation | 0.80% | |
| 3 | Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc | 0.79% | |
| 4 | Oracle Corporation | 0.79% | |
| 5 | Goldman Sachs Group, Inc. | 0.71% | |
| 6 | Wells Fargo & Company | 0.70% | |
| 7 | Bristol-Myers Squibb Company | 0.62% | |
| 8 | AbbVie Inc. | 0.61% | |
| 9 | The Boeing Company | 0.61% |
Sector Weights
| Sector | ZMU | QUIG |
|---|---|---|
| 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 ZMU
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF (ZMU.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About QUIG
NA
Which ETF is Right for You?
Both ZMU and QUIG 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, ZMU 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 ZMU and QUIG?
ZMU (BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF) and QUIG (Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged)) are both Canadian-listed ETFs. Key differences include their AUM ($3.54B vs $655M), dividend yield (4.65% vs 4.16%), and year-to-date performance (-6.07% vs -5.39%).
Is ZMU better than QUIG?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy ZMU and QUIG on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZMU and QUIG should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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