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
$ 5.8 B
ASSETS UNDER MGMT
40 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. | 3.9 % |
| FORTIS INC | 3.8 % |
| QUEBECOR INC -CL B | 3.6 % |
| METRO INC -A | 3.6 % |
| EMPIRE CO LTD 'A' | 3.6 % |
| GREAT-WEST LIFECO INC | 3.5 % |
| EMERA INC | 3.4 % |
| TMX GROUP INC | 2.9 % |
| INTACT FINANCIAL CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 253 |
| 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 | 96.7 % |
 |
BERMUDA | 1.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.3% | 22.4% | 18.5% | 13.6% | 12.4% | 8.7% | -- | 10.1% |
| Dividend Yield | 0.0% | 2.6% | 2.7% | 2.8% | 2.8% | 2.8% | -- | 3.0% |
| Total Returns | 4.3% | 25.0% | 21.2% | 16.4% | 15.2% | 11.5% | -- | 13.1% | Ann. Volatility | 8.8% | 9.4% | 8.5% | 9.0% | 9.3% | 12.1% | -- | 11.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.22 | 21% |
| MSCI EAFE | 0.33 | 33% |
| MSCI Emg Mkts | 0.20 | 15% |
Liquidity Measures
| Avg. volume (000) | 56 |
| ADV traded (mns) | $3 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $58.81 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 0.56/0.38 |
| Bollinger Bands (Upper/Lower) | $60.63/$56.90 |
| 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 |
|---|---|---|---|---|
| CDZ.TO | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 35.9% | +29 bp | +0.9% |
| VCE.TO | Vanguard FTSE Canada Index ETF | 33.7% | -34 bp | -0.5% |
| XIU.TO | iShares S&P/TSX 60 Index ETF | 33.1% | -22 bp | -0.5% |
| ZCN.TO | BMO S&P/TSX Capped Composite Index ETF | 32.9% | -34 bp | -0.6% |
| VCN.TO | Vanguard FTSE Canada All Cap Index ETF | 32.7% | -35 bp | -0.5% |
| XIC.TO | iShares Core S&P/TSX Capped Composite Index ETF | 32.7% | -34 bp | -0.6% |
| TTP.TO | TD Canadian Equity Index ETF | 32.7% | -34 bp | -0.5% |
| QCN.TO | Mackenzie Canadian Equity Index ETF | 32.3% | -35 bp | -0.4% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 29.6% | -16 bp | +0.1% |
| XCSR.TO | iShares ESG Advanced MSCI Canada Index ETF | 29.1% | -22 bp | -0.3% |
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 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
6.5%
ALTAR SCORE™
50th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 17 funds in the Canadian Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 0.6%. ZLB.TO's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places ZLB.TO in the 50th percentile
among funds in the category.
Sell-Side Consensus
$65.86
PRICE TARGET
+11.5%
UPSIDE