Question 1

What is ZLB?

Accepted Answer

ZLB (BMO Low Volatility Canadian Equity) is a Canadian-listed ETF trading on the TSX in the Canadian Equity category. It tracks the Morningstar Canada GR CAD.

Question 2

What is the ZLB ETF price today?

Accepted Answer

ZLB last traded at $58.52 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZLB MER (management expense ratio)?

Accepted Answer

ZLB has a management expense ratio (MER) of 0.35% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are ZLB annualised returns?

Accepted Answer

ZLB historical returns: YTD: +0.97%, 1-year: +10.64%, 3-year annualised: +16.97%, 5-year annualised: +11.29%, 10-year annualised: +10.32%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.51, which measures risk-adjusted return.

Question 5

Does ZLB pay dividends or distributions?

Accepted Answer

Yes, ZLB distributes income to unitholders. The current distribution yield is approximately 1.86%, paid quarterly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZLB invest in?

Accepted Answer

ZLB's top holdings include Great-West Lifeco Inc. (GWO, 4.4%), Fortis Inc (FTS, 4.2%), Quebecor Inc (QBR-B, 3.8%), Loblaw Companies Limited (L, 3.7%), Hydro One Ltd (H, 3.7%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada GR CAD.

Question 7

What sectors does ZLB invest in?

Accepted Answer

ZLB's largest sector exposures are Financial Services (26.9%), Utilities (16.9%), Consumer Defensive (16.8%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZLB? (Assets under management)

Accepted Answer

ZLB has approximately $6.05B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZLB launched?

Accepted Answer

ZLB was launched on October 21, 2011, giving it a 15-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZLB in Canada?

Accepted Answer

ZLB trades on the TSX under the ticker ZLB. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZLB?

Accepted Answer

ZLB has a 1-year volatility of 9.34% and a beta of 0.56 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.51 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$58.71	$58.73	$58.22	$58.52	$58.52	86,595
2026-09-30	$58.95	$59.05	$58.66	$58.72	$58.72	30,121
2026-09-29	$59.14	$59.16	$58.71	$58.90	$58.90	51,894
2026-09-28	$59.58	$59.80	$59.46	$59.48	$59.48	50,149
2026-09-25	$59.53	$59.87	$59.45	$59.80	$59.80	162,694
2026-09-24	$59.57	$59.80	$59.37	$59.52	$59.52	50,314
2026-09-23	$60.02	$60.02	$59.62	$59.65	$59.65	53,777
2026-09-22	$60.23	$60.39	$60.17	$60.19	$60.19	31,041
2026-09-21	$59.97	$60.16	$59.82	$60.07	$60.07	71,107
2026-09-18	$60.07	$60.07	$59.74	$59.89	$59.89	29,709

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	4.41%
2	FTS	Fortis Inc	4.23%
3	QBR-B	Quebecor Inc	3.81%
4	L	Loblaw Companies Limited	3.75%
5	H	Hydro One Ltd	3.73%
6	EMA	Emera Inc.	3.48%
7	EMP-A	Empire Company Limited	3.47%
8	IFC	Intact Financial Corporation	3.30%
9	X	TMX Group Limited	3.21%
10	MRU	Metro Inc.	3.15%

Sector	Weight
Financial Services	26.95%
Utilities	16.87%
Consumer Defensive	16.80%
Communication Services	8.84%
Consumer Cyclicals	8.74%
Industrials	8.63%
Basic Materials	6.18%
Real Estate	3.99%
Energy	1.77%
Technology	1.23%
Healthcare	0.00%

Ticker	Name	Price	1D
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OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

BMO Low Volatility Canadian Equity (ZLB : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZLB