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BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) ETF Analysis

ZLD.TO

Expense ratio 0.4% Yield 2.22% Assets CA$34.47M Since February 4, 2016 Family BMO Asset Management Inc

Last Updated: October 20, 2026

CA$32.26

+CA$0.29 (+0.91%)

October 20, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZLD.TO Annualized Returns

With dividends reinvested · as of October 20, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+9.69%	+9.69%	CA$109.69	CA$329.08
3 years	+43.99%	+12.92%	CA$143.99	CA$431.97
5 years	+42.38%	+7.32%	CA$142.38	CA$427.14
10 years	+97.92%	+7.07%	CA$197.92	CA$593.76

Returns are total returns computed from daily closes, with dividends reinvested. As of October 20, 2026.

ZLD.TO Return by Calendar Year

2016 and 2026 are partial years

+17.60%−6.68%+10.31%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+10.31%
2025	+9.63%
2024	+11.11%
2023	+11.37%
2022	−6.68%
2021	+12.56%
2020	−5.85%
2019	+17.60%
2018	+0.56%
2017	+12.86%
2016 (partial year)	−1.14%

ZLD.TO Monthly Returns

−14%+12%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+0.3	+7.3	−5.1	−0.9	+0.0	+1.7	+4.0	+0.7	−2.9	+5.3	—	—
2025	+4.5	+0.9	−0.2	+2.7	+2.6	−1.6	−1.3	+1.1	−1.3	+1.8	+0.5	−0.2
2024	+2.1	+0.1	+2.9	−1.3	+1.0	−0.0	+2.8	+3.8	+0.5	−2.6	+1.6	−0.0
2023	+3.0	+0.9	+1.6	+3.5	−2.3	+0.9	+1.1	−1.1	−1.8	−1.9	+5.0	+2.4
2022	−5.4	+0.2	+1.3	+0.9	−1.4	−3.3	+4.0	−3.3	−7.7	+4.2	+5.7	−1.2
2021	−1.9	−0.2	+5.5	+1.3	+1.8	+2.3	+2.6	+1.0	−3.0	+1.5	−1.2	+2.7
2020	+0.2	−7.3	−13.1	+5.7	+1.9	+1.5	−3.6	+2.7	−0.0	−4.2	+11.5	+0.9
2019	+4.9	+2.7	+2.7	+0.2	−2.2	+2.8	+0.0	−0.7	+2.7	+1.6	+1.3	+0.5
2018	+0.3	−1.5	−0.5	+2.9	+2.0	+1.6	+1.9	+0.0	+0.0	−3.5	+1.6	−4.0
2017	−0.7	+3.5	+2.2	+1.7	+4.3	−2.7	+0.0	+0.4	+0.1	+1.8	+0.8	+0.9

Monthly total returns with dividends reinvested; each cell prints its signed value.

ZLD.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 12.79%
Beta (3y): 0.57
Best year: +17.60%
Worst year: −6.68%

Volatility is the annualized standard deviation of daily returns. As of October 20, 2026.

Top Holdings

#	Symbol	Name	Weight
1	ZLI.TO	BMO Low Volatility International Eq ETF	99.88%

Analysis

Data-derived

Fund Overview

BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) is an exchange-traded fund. Total net assets stand at CA$34.47M. The expense ratio is 0.4%. On a CA$10,000 position that is CA$40.00 a year. The fund is issued by BMO Asset Management Inc. It has been trading since February 4, 2016.

BMO Low Volatility International Eq ETF alone accounts for 99.88% of the portfolio.

Performance Analysis

ZLD.TO last closed at CA$32.26 on October 20, 2026. Over the trailing twelve months the total return is +9.69%. Measured over 10 years, that is +7.07% a year compounded. The trailing distribution yield is 2.22%.

Across the complete calendar years on file, 2019 returned +17.60% and 2022 returned −6.68%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +10.31% year to date.

Price & Risk Profile

Annualized volatility over the trailing 10 years is 12.79%. Beta against the wider market is reported at 0.57. Over the past 52 weeks the price has ranged from CA$29.24 to CA$32.26. The latest close sits 10.33% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 20, 2026.

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