A side-by-side comparison of BMO Real Return Bond Index ETF (ZRR) and Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP) 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 | ZRR | VTIP |
|---|---|---|
| YTD Return | +0.65%✓ | -1.68% |
| 1-Day Change | -0.71% | -0.21%✓ |
| 1-Week Change | -0.21%✓ | -0.43% |
| 1-Month Change | +0.36%✓ | +0.21% |
| Current Price | $13.95 | $48.59 |
| AUM | $95M | $20.99B✓ |
| MER (Expense Ratio) | — | 0.04% |
| Dividend Yield | 4.48% | 4.76%✓ |
| Distribution Frequency | Monthly | — |
| Inception Date | 2010-05-19 | 2012-10-12 |
| Holdings Count | 6 | 1 |
| MorningStar Rating | — | — |
| Category | Inflation-Linked Bonds | Inflation-Linked Bonds |
| Beta | 1.05 | 0.24 |
| 52-Week High | $14.10 | $48.99 |
| 52-Week Low | $13.28 | $47.69 |
| 50-Day MA | $13.94 | $49.03 |
| 200-Day MA | $14.04 | $49.72 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZRR | VTIP |
|---|---|---|
| YTD | +0.65%✓ | -1.68% |
| 1 Year | +2.35%✓ | +1.76% |
| 3 Year | +5.53%✓ | +4.56% |
| 5 Year | -0.56% | +2.64%✓ |
| 10 Year | +1.01% | +2.96%✓ |
| 1Y Volatility | 6.05% | 1.95% |
| Sharpe Ratio (3Y) | 0.41 | 0.30 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | Canada (Government of) 1.5% | 15.10% | |
| 2 | Canada (Government of) | 15.08% | |
| 3 | Canada (Government of) 1.25% | 13.66% | |
| 4 | Canada (Government of) 4.25% | 13.49% | |
| 5 | Canada (Government of) 0.5% | 11.44% | |
| 6 | Canada (Government of) 0.25% | 0.56% |
| 1 | 0.24% |
Sector Weights
| Sector | ZRR | VTIP |
|---|---|---|
| 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 ZRR
BMO Real Return Bond Index ETF (ZRR.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About VTIP
The index is a market-capitalization-weighted index that includes all inflation-protected public obligations issued by the U.S. Treasury with remaining maturities of less than 5 years.
Which ETF is Right for You?
Both ZRR and VTIP 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, VTIP 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 ZRR and VTIP?
ZRR (BMO Real Return Bond Index ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares) are both Canadian-listed ETFs. Key differences include their AUM ($95M vs $20.99B), dividend yield (4.48% vs 4.76%), and year-to-date performance (+0.65% vs -1.68%).
Is ZRR better than VTIP?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZRR has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZRR and VTIP on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZRR and VTIP should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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