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BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO) ETF Analysis

ZLE.TO

Expense ratio 0.45% Yield 2.33% Assets CA$101.37M Since May 10, 2016 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$27.66

−CA$0.07 (−0.25%)

October 21, 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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ZLE.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+26.58%	+26.58%	CA$126.58	CA$379.75
3 years	+82.05%	+22.10%	CA$182.05	CA$546.14
5 years	+62.10%	+10.14%	CA$162.10	CA$486.29
10 years	+68.79%	+5.37%	CA$168.79	CA$506.38

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

ZLE.TO Return by Calendar Year

2016 and 2026 are partial years

−11.98%+27.23%

2016*2017201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+27.23%
2025	+18.71%
2024	+15.26%
2023	+6.15%
2022	−11.98%
2021	−6.43%
2020	−1.08%
2019	+11.00%
2018	−7.62%
2017	+14.22%
2016 (partial year)	−5.19%

ZLE.TO Monthly Returns

−10%+13%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+5.2	+5.7	−5.9	+10.1	+9.8	+6.4	−9.1	+4.9	+4.6	−5.1	—	—
2025	+1.5	−0.9	+1.4	−2.2	+3.5	+5.1	+1.7	−0.0	+4.2	+5.2	−0.8	−0.9
2024	−1.9	+5.0	+0.7	+0.9	+2.0	+0.7	+3.8	−0.5	+6.0	−2.7	−0.8	+1.5
2023	+4.0	−3.3	+1.9	+0.8	−1.4	−0.6	+6.3	−2.4	−3.1	+0.0	+3.6	+0.7
2022	−4.0	−0.2	−3.6	−2.7	−1.5	−1.9	−2.4	+1.6	−5.8	−3.1	+12.1	−0.0
2021	+4.6	−3.8	−3.9	+1.8	−1.0	+1.7	−6.4	+4.8	−2.5	−2.4	+0.2	+0.9
2020	−3.8	−4.8	−9.8	+6.3	−2.2	+6.5	+3.2	−0.8	+0.3	−1.0	+6.1	+0.2
2019	+4.6	+1.7	+0.7	+1.8	−3.0	+1.5	−2.1	−2.7	+1.8	+1.6	+1.5	+3.4
2018	+1.4	−1.1	−0.1	−0.7	−1.3	−1.0	+0.2	−2.6	+1.4	−7.9	+6.7	−2.3
2017	+1.2	+2.3	+5.9	+3.1	+1.2	−5.5	−0.3	+1.8	−1.9	+3.3	+1.9	+0.7

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

ZLE.TO Volatility & Risk

Volatility: 10 yrs · Beta: 3 yrs

Annualized volatility: 14.59%
Beta (3y): 0.85
Best year: +18.71%
Worst year: −11.98%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	2330.TW	Taiwan Semiconductor Manufacturing Co Ltd	6.73%
2	000660.KQ	SK hynix Inc	5.61%
3	005930.KQ	Samsung Electronics Co Ltd	4.74%
4	009150.KQ	Samsung Electro-Mechanics Co Ltd	2.01%
5	005935	Samsung Electronics Co Ltd Pfd Registered Shs Non-Voting	1.93%
6	0700.HK	Tencent Holdings Ltd	1.77%
7	7010.SR	Saudi Telecom Co	1.72%
8	2454.TW	MediaTek Inc	1.68%
9	3443.TW	Global Unichip Corp	1.49%
10	BAP	Credicorp Ltd	1.44%

Analysis

Data-derived

Fund Overview

BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO) is an exchange-traded fund. The fund holds CA$101.37M in total net assets. The expense ratio is 0.45%. On a CA$10,000 position that is CA$45.00 a year. BMO Asset Management Inc is the fund family on file. The inception date on file is May 10, 2016.

The largest positions on file are Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), SK hynix Inc (000660.KQ), and Samsung Electronics Co Ltd (005930.KQ). Taiwan Semiconductor Manufacturing Co Ltd alone accounts for 6.73% of the portfolio. The ten largest positions together make up 29.12% of the fund.

Performance Analysis

ZLE.TO last closed at CA$27.66 on October 21, 2026. Over the trailing twelve months the total return is +26.58%. Measured over 10 years, that is +5.37% a year compounded. The fund distributes at a trailing yield of 2.33%.

Across the complete calendar years on file, 2025 returned +18.71% and 2022 returned −11.98%. Of the 9 complete calendar years on file, 5 finished higher. 2026 is still running; the total return is +27.23% year to date.

Price & Risk Profile

Annualized volatility over the trailing 10 years is 14.59%. The reported beta is 0.85. Over the past 52 weeks the price has ranged from CA$21.74 to CA$30.03. The latest close sits 27.23% 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 21, 2026.

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