Question 1

What is ZLB?

Accepted Answer

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

Question 2

What is the ZLB ETF price today?

Accepted Answer

ZLB last traded at $61.47 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: +6.06%, 1-year: +11.68%, 3-year annualised: +19.34%, 5-year annualised: +11.75%, 10-year annualised: +10.89%. 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, 4.5%), Fortis Inc (FTS, 4.3%), Loblaw Companies Limited (L, 4.1%), Quebecor Inc (QBR-B, 3.8%), 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%), Consumer Defensive (17.6%), Utilities (15.7%). 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 $6.06B 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
2026-10-29	$61.31	$61.60	$61.22	$61.47	$61.47	26,695
2026-10-28	$61.21	$61.34	$61.05	$61.18	$61.18	64,984
2026-10-27	$61.35	$61.40	$61.16	$61.38	$61.38	20,014
2026-10-26	$61.24	$61.60	$61.16	$61.37	$61.37	55,607
2026-10-23	$61.66	$61.66	$61.06	$61.25	$61.25	26,751
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

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	4.54%
2	FTS	Fortis Inc	4.26%
3	L	Loblaw Companies Limited	4.05%
4	QBR-B	Quebecor Inc	3.79%
5	H	Hydro One Ltd	3.65%
6	EMP-A	Empire Company Limited	3.41%
7	EMA	Emera Inc.	3.55%
8	MRU	Metro Inc.	3.42%
9	CCL	CCL Industries Inc Registered Shs -B- Non Vtg	3.33%
10	X	TMX Group Limited	3.34%

Sector	Weight
Financial Services	26.49%
Consumer Defensive	17.56%
Utilities	15.72%
Consumer Cyclicals	8.98%
Communication Services	8.76%
Industrials	8.22%
Basic Materials	6.31%
Real Estate	3.73%
Energy	1.75%
Technology	1.22%
Healthcare	0.00%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

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