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BMO MSCI Canada Value Index ETF (ZVC.TO) ETF Analysis

ZVC.TO

Expense ratio 0.4% Yield 1.92% Assets CA$56.52M Since October 4, 2017 Family BMO Asset Management Inc

Last Updated: October 21, 2026

CA$46.13

+CA$0.43 (+0.94%)

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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ZVC.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+34.00%	+34.00%	CA$134.00	CA$402.00
3 years	+101.44%	+26.29%	CA$201.44	CA$604.32
5 years	+119.37%	+17.01%	CA$219.37	CA$658.11
Since January 9, 2018	+179.77%	+12.43%	CA$279.77	CA$839.32

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

ZVC.TO Return by Calendar Year

2026 is a partial year

−5.79%+31.48%+24.31%

201820192020202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+24.31%
2025	+31.10%
2024	+15.40%
2023	+11.10%
2022	+2.24%
2021	+31.48%
2020	−3.92%
2019	+10.04%
2018	−5.79%

ZVC.TO Monthly Returns

−25%+18%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+1.0	+7.2	−1.6	+4.9	+2.2	+0.8	+4.6	+0.4	−0.8	+3.5	—	—
2025	+4.0	−2.7	−0.6	−1.6	+5.5	+2.5	+1.4	+5.1	+5.7	+0.8	+5.6	+2.1
2024	+1.3	+2.3	+5.0	−2.8	+0.5	−1.1	+4.9	+0.2	+2.3	−0.1	+5.2	−2.9
2023	+7.0	−1.4	−2.1	+3.5	−6.0	+4.1	+4.2	−1.0	−1.5	−4.2	+5.3	+3.5
2022	+3.5	+1.1	+4.0	−1.2	+0.7	−9.7	+3.9	−1.4	−5.6	+8.0	+4.2	−3.9
2021	+1.1	+5.1	+5.3	+2.7	+4.1	+0.3	−1.1	+1.5	+0.3	+6.2	+0.0	+2.4
2020	−2.2	−9.3	−24.0	+12.6	+0.4	+2.8	+5.4	+4.0	−3.1	−3.4	+17.0	+2.2
2019	−0.8	+1.4	+1.7	+5.7	−6.0	+1.4	+0.2	−5.0	+8.2	−2.1	+4.2	+1.6
2018	—	−4.8	+1.8	−2.3	+6.9	+0.6	+1.2	−2.2	−1.6	−6.0	+0.2	+0.9

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

ZVC.TO Volatility & Risk

Volatility: 8 yrs · Beta: 3 yrs

Annualized volatility: 17.38%
Beta (3y): 0.89
Best year: +31.48%
Worst year: −5.79%

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

Top Holdings

#	Symbol	Name	Weight
1	TD	The Toronto-Dominion Bank	8%
2	BNS.TO	Bank of Nova Scotia	7.59%
3	MFC.TO	Manulife Financial Corp	6.08%
4	BMO.TO	Bank of Montreal	6.07%
5	SU.TO	Suncor Energy Inc	6.04%
6	ABX.TO	Barrick Mining Corp	5.43%
7	GIB-A.TO	CGI Inc Class A	4.85%
8	CNQ.TO	Canadian Natural Resources Ltd	4.73%
9	CP.TO	Canadian Pacific Kansas City Ltd	4.28%
10	CM.TO	Canadian Imperial Bank of Commerce	3.72%

Analysis

Data-derived

Fund Overview

BMO MSCI Canada Value Index ETF (ZVC.TO) is an exchange-traded fund. Total net assets stand at CA$56.52M. The expense ratio is 0.4%. On a CA$10,000 position that is CA$40.00 a year. BMO Asset Management Inc is the fund family on file. The inception date on file is October 4, 2017.

Its biggest positions are The Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS.TO), and Manulife Financial Corp (MFC.TO). The Toronto-Dominion Bank alone accounts for 8% of the portfolio. The ten largest positions together make up 56.8% of the fund.

Performance Analysis

ZVC.TO last closed at CA$46.13 on October 21, 2026. Over the trailing twelve months the total return is +34.00%. Measured over 5 years, that is +17.01% a year compounded. The fund distributes at a trailing yield of 1.92%.

The strongest complete calendar year on file is 2021 at +31.48%; the weakest is 2018 at −5.79%. Of the 8 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is +24.31% year to date.

Price & Risk Profile

Annualized volatility over the trailing 8 years is 17.38%. The reported beta is 0.89. The 52-week range on file runs from CA$34.75 to CA$46.00. The latest close sits 32.75% 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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