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BMO Low Volatility Canadian Equity ETF (ZLB : TSX)
Canadian Equity
Click for more information on Fundata’s FundGrade
FundGrade B
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
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FundGrade A+® Rating Recipient
2025, 2024, 2023, 2022, 2021
Click for more information on Fundata’s FundGrade
|
Close (06-19-2026) |
$61.34 |
|---|---|
| Change |
-$0.09
(-0.15%)
|
| Open | $61.36 |
|---|---|
| Day Range | $61.34 - $61.70 |
| Volume | 27,396 |
As at May 31, 2026
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (October 20, 2011): 12.69%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.33% | -0.38% | 3.98% | 3.89% | 15.70% | 19.86% | 15.88% | 13.03% | 12.00% | 14.59% | 11.60% | 11.78% | 10.78% | 10.85% |
| Benchmark | 2.52% | 1.83% | 12.07% | 10.61% | 36.06% | 28.34% | 24.64% | 17.23% | 15.30% | 18.20% | 15.06% | 13.48% | 12.83% | 12.77% |
| Category Average | 2.09% | 9.80% | 9.80% | 8.54% | 26.16% | 21.90% | 19.54% | 13.65% | 12.54% | 15.44% | 12.30% | 10.86% | 10.22% | 10.20% |
| Category Rank | 682 / 763 | 689 / 759 | 724 / 754 | 709 / 755 | 661 / 719 | 525 / 690 | 594 / 670 | 474 / 653 | 381 / 573 | 396 / 552 | 390 / 523 | 208 / 471 | 226 / 445 | 200 / 416 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 3 | 2 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.18% | 1.15% | 1.87% | 1.38% | 0.56% | 4.69% | 0.09% | -1.77% | 6.16% | -2.72% | 1.05% | 1.33% |
| Benchmark | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% |
Best Monthly Return Since Inception
9.30% (November 2020)
Worst Monthly Return Since Inception
-14.36% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 13.04% | 11.09% | -2.78% | 21.83% | 1.62% | 22.88% | -0.37% | 9.39% | 15.34% | 25.26% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | 16.46% | 6.89% | -9.47% | 19.21% | 3.42% | 23.26% | -4.82% | 9.85% | 17.87% | 23.63% |
| Quartile Ranking | 4 | 1 | 1 | 2 | 3 | 3 | 1 | 3 | 4 | 2 |
| Category Rank | 327/ 395 | 24/ 432 | 21/ 458 | 176/ 504 | 334/ 531 | 367/ 565 | 76/ 629 | 436/ 662 | 605/ 683 | 238/ 709 |
Best Calendar Return (Last 10 years)
25.26% (2025)
Worst Calendar Return (Last 10 years)
-2.78% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 93.76 |
| Income Trust Units | 5.44 |
| Cash and Equivalents | 0.80 |
Sector Allocation
| Name | Percent |
|---|---|
| Financial Services | 26.41 |
| Consumer Services | 20.55 |
| Utilities | 17.45 |
| Telecommunications | 9.67 |
| Basic Materials | 8.54 |
| Other | 17.38 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.76 |
| Latin America | 1.24 |
Top Holdings
| Name | Percent |
|---|---|
| Fortis Inc | 4.29 |
| Quebecor Inc Cl B | 4.21 |
| Hydro One Ltd | 4.02 |
| Great-West Lifeco Inc | 3.97 |
| Loblaw Cos Ltd | 3.87 |
| Emera Inc | 3.66 |
| Empire Co Ltd Cl A | 3.58 |
| Intact Financial Corp | 3.36 |
| Metro Inc | 3.19 |
| TMX Group Ltd | 3.07 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BMO Low Volatility Canadian Equity ETF
Median
Other - Canadian Equity
3 Yr Annualized
| Standard Deviation | 8.29% | 9.21% | 10.39% |
|---|---|---|---|
| Beta | 0.60% | 0.62% | 0.69% |
| Alpha | 0.02% | 0.02% | 0.02% |
| Rsquared | 0.61% | 0.71% | 0.74% |
| Sharpe | 1.40% | 0.97% | 0.86% |
| Sortino | 3.07% | 1.70% | 1.18% |
| Treynor | 0.19% | 0.14% | 0.13% |
| Tax Efficiency | 93.97% | 92.07% | 91.02% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.30% | 8.29% | 9.21% | 10.39% |
| Beta | 0.67% | 0.60% | 0.62% | 0.69% |
| Alpha | -0.06% | 0.02% | 0.02% | 0.02% |
| Rsquared | 0.71% | 0.61% | 0.71% | 0.74% |
| Sharpe | 1.52% | 1.40% | 0.97% | 0.86% |
| Sortino | 3.34% | 3.07% | 1.70% | 1.18% |
| Treynor | 0.19% | 0.19% | 0.14% | 0.13% |
| Tax Efficiency | 94.63% | 93.97% | 92.07% | 91.02% |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | October 20, 2011 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | - |
| 52 Week High | $61.70 |
| 52 Week Low | $52.50 |
| Annual Dividend | $1.12 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | 1x performance |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
Investment Objectives
BMO Low Volatility Canadian Equity ETF has been designed to provide exposure to a low beta weighted portfolio of Canadian stocks. Beta measures the security's sensitivity to market movements.
Investment Strategy
ZLB utilizes a rules based methodology to select the least market sensitive stocks based on five year beta. The 40 lowest beta stocks from the 100 largest and most liquid securities in Canada are selected. The underlying portfolio is rebalanced in June and reconstituted in December.
Portfolio Management
| Portfolio Manager |
BMO Asset Management Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
BMO Asset Management Inc. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
Fees
| MER | 0.40% |
|---|---|
| Management Fee | 0.35% |
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