BMO Low Volatility Canadian Equity ETF Review (ZLB) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 75/100
This equity ETF has an MER of 0.40%. With lower than average fees, it’s a cost-effective option. Managing 555 million in assets, it’s widely trusted by investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

ZLB trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Low Volatility Canadian Equity (ZLB) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the BMO Low Volatility Canadian Equity ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.40%. This ETF trades on the TSX exchange.

ZLB stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $555MM

Expense Ratio: 0.40%

Price: $43.79 (Updated: 3/7/2024)

BMO Low Volatility Canadian Equity (ZLB) Top 10 Holdings

Company NameSymbolAssets %
Loblaw Companies LimitedL3.92958
Metro Inc.MRU3.86933
Hydro One LtdH3.64168
Empire Company LimitedEMP-A3.26904
Waste Connections IncWCN3.20256
Thomson Reuters CorpTRI3.12312
Fortis IncFTS2.94534
Intact Financial CorporationIFC2.72712
Barrick Gold CorpABX2.71935
TMX Group LimitedX2.71181

BMO Low Volatility Canadian Equity (ZLB) Breakdown by Market Cap


BMO Low Volatility Canadian Equity (ZLB) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials6.853238.00181
Consumer Cyclicals8.958367.78668
Financial Services20.6369428.98098
Real Estate7.753282.51417
Communication Services8.892944.054
Consumer Defensive17.776355.55173

BMO Low Volatility Canadian Equity (ZLB) Geographic Breakdown

RegionEquity %Relative to Category
North America10099.502
United Kingdom00.26423
Europe Developed00.078
Europe Emerging00.028
Africa/Middle East00.003
Asia Developed00.032
Asia Emerging00.044
Latin America00.015

ZLB Management Expense Ratio

ZLB has a management expense ratio of  0.40% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO Low Volatility Canadian Equity TSX ETF

You can buy  ZLB on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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