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BMO Long Short Canadian Equity ETF (ZLSC.TO) ETF Analysis

ZLSC.TO

Expense ratio 0.73% Yield 1.11% Assets CA$85.84M Since September 27, 2023 Family BMO Asset Management Inc

Last Updated: October 20, 2026

CA$49.63

+CA$0.03 (+0.06%)

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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ZLSC.TO Annualized Returns

With dividends reinvested · as of October 20, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+18.60%	+18.60%	CA$118.60	CA$355.79
3 years	+75.29%	+20.57%	CA$175.29	CA$525.87

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

ZLSC.TO Return by Calendar Year

2023 and 2026 are partial years

+4.25%+21.20%+14.84%

2023*202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+14.84%
2025	+20.54%
2024	+21.20%
2023 (partial year)	+4.25%

ZLSC.TO Monthly Returns

−2%+6%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+0.7	+5.3	−1.0	+2.3	+1.0	−0.1	+2.3	+1.1	+0.6	+1.7	—	—
2025	+1.6	−1.9	+0.0	+1.5	+5.9	+2.4	+1.3	+1.8	+1.4	+2.6	+1.8	+0.6
2024	+0.0	+2.3	+4.7	−1.0	+2.4	+0.1	+2.6	+2.2	+1.6	+2.7	+3.8	−1.7
2023	—	—	—	—	—	—	—	—	—	−0.2	+0.0	+4.5

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

ZLSC.TO Volatility & Risk

Volatility: 3 yrs

Annualized volatility: 8.18%
Best year: +21.20%
Worst year: +20.54%

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

Top Holdings

#	Symbol	Name	Weight
1	ZMMK	BMO Money Market Fund ETF Series	46.82%
2	RY	Royal Bank of Canada	6.22%
3	CNQ.TO	Canadian Natural Resources Ltd	3.85%
4	AEM.TO	Agnico Eagle Mines Ltd	3.19%
5	SU.TO	Suncor Energy Inc	2.97%
6	IAG.TO	iA Financial Corp Inc	2.45%
7	SHOP	Shopify Inc Registered Shs -A- Subord Vtg	2.41%
8	DPM.TO	DPM Metals Inc	2.4%
9	CVE.TO	Cenovus Energy Inc	2.34%
10	NA.TO	National Bank of Canada	2.25%

Analysis

Data-derived

Fund Overview

BMO Long Short Canadian Equity ETF (ZLSC.TO) is an exchange-traded fund. The fund is issued by BMO Asset Management Inc. The inception date on file is September 27, 2023. The fund holds CA$85.84M in total net assets. Annual costs run at an expense ratio of 0.73%. On a CA$10,000 position that is CA$73.00 a year.

Its biggest positions are BMO Money Market Fund ETF Series (ZMMK), Royal Bank of Canada (RY), and Canadian Natural Resources Ltd (CNQ.TO). BMO Money Market Fund ETF Series alone accounts for 46.82% of the portfolio. The ten largest positions together make up 74.89% of the fund.

Performance Analysis

The most recent close on file for ZLSC.TO is CA$49.63, dated October 20, 2026. Over the trailing twelve months the total return is +18.60%. Measured over 3 years, that is +20.57% a year compounded. The trailing distribution yield is 1.11%.

So far in 2026 the total return is +14.84%. The strongest complete calendar year on file is 2024 at +21.20%; the weakest is 2025 at +20.54%.

Price & Risk Profile

Daily returns over the trailing 3 years annualize to a volatility of 8.18%. The 52-week range on file runs from CA$41.75 to CA$49.86. The latest close sits 18.87% 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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