Question 1

What is ZLB?

Accepted Answer

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

Question 2

What is the ZLB ETF price today?

Accepted Answer

ZLB last traded at $61.96 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 0.36% 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: +6.90%, 1-year: +10.15%, 3-year annualised: +19.61%, 5-year annualised: +11.96%, 10-year annualised: +10.94%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.67, 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 1.92%, 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, 4.7%), Fortis Inc (FTS, 4.4%), Quebecor Inc (QBR-B, 3.9%), Loblaw Companies Limited (L, 4.1%), Hydro One Ltd (H, 3.6%) — 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 (26.5%), Utilities (17.4%), Consumer Defensive (16.6%). 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 $6.01B 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 10.29% and a beta of 0.55 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.67 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
2026-10-22	$60.99	$61.96	$60.97	$61.96	$61.96	50,066
2026-10-21	$60.84	$61.05	$60.76	$60.95	$60.95	43,887
2026-10-20	$60.26	$60.90	$60.26	$60.74	$60.74	33,021
2026-10-19	$60.56	$60.63	$60.12	$60.29	$60.29	60,931
2026-10-16	$60.66	$61.06	$60.66	$60.95	$60.95	58,927
2026-10-15	$59.71	$60.60	$59.71	$60.60	$60.60	37,710
2026-10-14	$58.80	$59.45	$58.79	$59.44	$59.44	103,600
2026-10-13	$58.96	$59.27	$58.75	$59.15	$59.15	64,625
2026-10-09	$58.52	$58.69	$58.44	$58.63	$58.63	80,200
2026-10-08	$58.00	$58.61	$58.00	$58.46	$58.46	43,658

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	4.75%
2	FTS	Fortis Inc	4.40%
3	QBR-B	Quebecor Inc	3.91%
4	L	Loblaw Companies Limited	4.08%
5	H	Hydro One Ltd	3.63%
6	EMA	Emera Inc.	3.52%
7	EMP-A	Empire Company Limited	3.51%
8	MRU	Metro Inc.	3.34%
9	X	TMX Group Limited	3.12%
10	IFC	Intact Financial Corporation	3.12%

Sector	Weight
Financial Services	26.50%
Utilities	17.36%
Consumer Defensive	16.56%
Communication Services	9.22%
Consumer Cyclicals	8.53%
Industrials	8.52%
Basic Materials	6.26%
Real Estate	3.96%
Energy	1.81%
Technology	1.17%
Healthcare	0.00%

Ticker	Name	Price	1D
SOXD		$18.09	+20.44%
CGMD		$6.95	+16.03%
GASD		$5.54	+12.37%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.75	+12.33%
SLVD	BetaPro Silver -2x Daily Bear ETF	$42.12	+11.75%
MSTZ		$1.97	+11.30%
CSUU		$12.05	+9.95%
QQQD		$7.28	+8.66%

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