Question 1

What is ZHY?

Accepted Answer

ZHY (BMO High Yield US Corporate Bond Hedged to CAD Index ETF) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar Gbl HY Bd GR CAD.

Question 2

What is the ZHY ETF price today?

Accepted Answer

ZHY last traded at $10.40 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZHY MER (management expense ratio)?

Accepted Answer

ZHY has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ZHY is considered a low-cost ETF.

Question 4

What are ZHY annualised returns?

Accepted Answer

ZHY historical returns: YTD: -6.89%, 1-year: +0.27%, 3-year annualised: +6.53%, 5-year annualised: +1.96%, 10-year annualised: +3.05%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.48, which measures risk-adjusted return.

Question 5

Does ZHY pay dividends or distributions?

Accepted Answer

Yes, ZHY distributes income to unitholders. The current distribution yield is approximately 6.77%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZHY invest in?

Accepted Answer

ZHY's top holdings include BMO High Yield US Corporate Bond Index ETF (ZJK, 104.1%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Gbl HY Bd GR CAD.

Question 7

What sectors does ZHY invest in?

Accepted Answer

ZHY's largest sector exposures are Real Estate (53.1%), Consumer Cyclicals (36.2%), Healthcare (8.2%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZHY? (Assets under management)

Accepted Answer

ZHY has approximately $1.47B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZHY launched?

Accepted Answer

ZHY was launched on October 20, 2009, giving it a 17-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZHY in Canada?

Accepted Answer

ZHY trades on the TSX under the ticker ZHY. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZHY?

Accepted Answer

ZHY has a 1-year volatility of 4.12% and a beta of 0.32 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.48 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-14	$10.45	$10.45	$10.40	$10.40	$10.40	14,166
2026-10-13	$10.50	$10.50	$10.43	$10.45	$10.45	32,043
2026-10-09	$10.47	$10.47	$10.46	$10.47	$10.47	30,100
2026-10-08	$10.51	$10.51	$10.45	$10.47	$10.47	11,883
2026-10-07	$10.45	$10.48	$10.44	$10.47	$10.47	25,802
2026-10-06	$10.47	$10.49	$10.46	$10.49	$10.49	52,576
2026-10-05	$10.38	$10.45	$10.38	$10.44	$10.44	30,899
2026-10-02	$10.45	$10.48	$10.42	$10.43	$10.43	22,891
2026-10-01	$10.38	$10.43	$10.36	$10.43	$10.43	25,379
2026-09-30	$10.41	$10.46	$10.40	$10.41	$10.41	28,837

Sector	Weight
Real Estate	53.12%
Consumer Cyclicals	36.16%
Healthcare	8.17%
Energy	5.07%
Utilities	0.00%
Technology	0.00%
Industrials	0.00%
Basic Materials	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

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BMO High Yield US Corporate Bond Hedged to CAD Index ETF (ZHY : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZHY