BMO Low Volatility US Equity ETF Review (ZLU) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 76/100
This equity ETF has an MER of 0.34%. With lower than average fees, it’s a cost-effective option. Managing 282 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.

ZLU 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 US Equity (ZLU) 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 US Equity ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.34%. This ETF trades on the TSX exchange.

ZLU stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $282MM

Expense Ratio: 0.34%

Price: $48.29 (Updated: 3/7/2024)

BMO Low Volatility US Equity (ZLU) Top 10 Holdings

Company NameSymbolAssets %
JM Smucker CompanySJM1.82141
Campbell Soup CompanyCPB1.75863
Cboe Global Markets IncCBOE1.65878
Merck & Company IncMRK1.56566
Gen Digital Inc.GEN1.5568
Johnson & JohnsonJNJ1.54865
International Business MachinesIBM1.49134
General Mills IncGIS1.4844
Newmont Goldcorp CorpNEM1.40161

BMO Low Volatility US Equity (ZLU) Breakdown by Market Cap


BMO Low Volatility US Equity (ZLU) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials1.162262.30891
Consumer Cyclicals5.5945611.05899
Financial Services10.7675413.19634
Real Estate4.925251.85655
Communication Services2.637898.564
Consumer Defensive22.664645.70742

BMO Low Volatility US Equity (ZLU) Geographic Breakdown

RegionEquity %Relative to Category
North America98.11798.591
United Kingdom0.85760.32161
Europe Developed1.0260.753
Europe Emerging00
Africa/Middle East00.03
Asia Developed00.046
Asia Emerging00.084
Latin America00.103

ZLU Management Expense Ratio

ZLU has a management expense ratio of  0.34% . 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 US Equity TSX ETF

You can buy  ZLU 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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