ZLB.TO
BMO Low Volatility Canadian Equity ETF
BMO Low Volatility Canadian Equity ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 6.1 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Oct 21, 2011 |
| Regulation | Canadian Mutual Fund Trust (ON) |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| LOBLAW COMPANIES LTD | 4.7 % |
| HYDRO ONE LTD. | 4.1 % |
| FORTIS INC | 4.1 % |
| QUEBECOR INC -CL B | 4.0 % |
| GREAT-WEST LIFECO INC | 3.7 % |
| METRO INC -A | 3.5 % |
| EMERA INC | 3.5 % |
| EMPIRE CO LTD 'A' | 3.4 % |
| TMX GROUP INC | 3.1 % |
| CANADIAN UTILITIES LTD A | 3.0 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 258 |
| Wgt avg mkt cap (mns) | $33,917 |
| Large cap (>$10bn) | 74.4% |
| Mid cap ($2-10bn) | 23.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 96.4 % |
 |
BERMUDA | 1.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.3% | 13.3% | 17.3% | 13.2% | 9.3% | 8.0% | -- | 9.9% |
| Dividend Yield | 0.0% | 1.7% | 2.3% | 2.5% | 2.6% | 2.8% | -- | 2.9% |
| Total Returns | 3.3% | 15.1% | 19.6% | 15.7% | 11.9% | 10.8% | -- | 12.8% | Ann. Volatility | 9.5% | 8.2% | 8.8% | 9.2% | 9.4% | 12.1% | -- | 11.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.24 | 12% |
| MSCI EAFE | 0.25 | 21% |
| MSCI Emg Mkts | 0.12 | 8% |
Liquidity Measures
| Avg. volume (000) | 40 |
| ADV traded (mns) | $2 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $59.22 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.26/0.16 |
| Bollinger Bands (Upper/Lower) | $60.24/$58.12 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZLB.TO |
Expenses vs. ZLB.TO |
ALTAR Score™ vs. ZLB.TO |
|---|---|---|---|---|
| TCLV.TO | TD Q Canadian Low Volatility ETF | 64.1% | -5 bp | -0.4% |
| XMV.TO | iShares MSCI Min Vol Canada Index ETF | 54.6% | -2 bp | -0.4% |
| CDEF.TO | Manulife Smart Defensive Equity ETF | 54.5% | -10 bp | -0.7% |
| NSCE.TO | NBI Sustainable Canadian Equity ETF | 49.0% | +25 bp | -0.3% |
| MCLV.TO | Mackenzie GQE Canada Low Volatility ETF | 48.3% | +16 bp | -0.6% |
| TLV.TO | Invesco S&P/TSX Composite Low Volatility Index ETF | 48.0% | -5 bp | +2.2% |
| EQLT.TO | Invesco S&P/TSX 60 Equal Weight Index ETF | 45.7% | -10 bp | -0.3% |
| CMVP.TO | HAMILTON CHAMPIONS TM Canadian Dividend Index ETF | 37.6% | -16 bp | -0.5% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 34.3% | 0 bp | -0.1% |
| MCLC.TO | Manulife Multifactor Canadian Large Cap Index ETF | 34.2% | 0 bp | -0.7% |
Risk and Returns: ZLB.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
6.6%
ALTAR SCORE™
67th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. ZLB.TO's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places ZLB.TO in the 67th percentile
among funds in the category.
Sell-Side Consensus
$65.73
PRICE TARGET
+10.6%
UPSIDE