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 in the High Yield Fixed Income category. It tracks the Morningstar Gbl HY Bd GR CAD.

Question 2

What is the ZHY ETF price today?

Accepted Answer

ZHY last traded at $10.96 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: -1.88%, 1-year: +5.03%, 3-year annualised: +7.06%, 5-year annualised: +2.56%, 10-year annualised: +3.84%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.76, 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 6.38%, 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, 99.9%), Ceva Holdings LLC (CHHVF, 0.0%). 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 Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). 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 $1.49B 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 2.82% and a beta of 0.27 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.76 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-06-22	$11.01	$11.01	$10.95	$10.96	$10.96	47,724
2026-06-19	$10.96	$11.02	$10.96	$11.01	$11.01	16,965
2026-06-18	$11.00	$11.00	$10.97	$10.99	$10.99	16,071
2026-06-17	$11.02	$11.02	$10.94	$11.01	$11.01	52,064
2026-06-16	$10.98	$11.00	$10.97	$11.00	$11.00	26,115
2026-06-15	$11.01	$11.07	$10.98	$11.07	$11.07	46,096
2026-06-12	$11.00	$11.00	$10.95	$10.97	$10.97	23,688
2026-06-11	$10.91	$10.97	$10.91	$10.96	$10.96	39,737
2026-06-10	$10.91	$10.93	$10.89	$10.90	$10.90	37,745
2026-06-09	$10.91	$10.95	$10.90	$10.95	$10.95	35,263

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

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

CIBC Investor's Edge

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