BMO Low Volatility Canadian Equity ETF (ZLB.TO) ETF Analysis

Fund Overview

BMO Low Volatility Canadian Equity ETF (ZLB.TO) is an exchange-traded fund. The fund is issued by BMO Investments Inc. It has been trading since October 21, 2011. The fund holds CA$6.27B in total net assets. Annual costs run at an expense ratio of 0.35%. On a CA$10,000 position that is CA$35.00 a year.

Its biggest positions are Great-West Lifeco Inc (GWO.TO), Fortis Inc (FTS.TO), and Hydro One Ltd (H.TO). Great-West Lifeco Inc alone accounts for 4.44% of the portfolio. The ten largest positions together make up 37.8% of the fund.

Performance Analysis

ZLB.TO last closed at CA$60.97 on September 4, 2026. The trailing one-year price return is +12.66%. Across 5 years the annualized return works out at +11.18%. The trailing distribution yield is 1.81%.

Across the complete calendar years on file, 2025 returned +25.29% and 2022 returned −0.35%. Of the 7 complete calendar years on file, 6 finished higher. So far in 2026 the price is +6.22%.

Price & Risk Profile

The 52-week range on file runs from CA$54.35 to CA$63.17. The latest close sits 12.18% above that 52-week low. Daily returns over the trailing 8 years annualize to a volatility of 13.25%. The reported beta is 0.6. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.