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 $59.31 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: +2.33%, 1-year: +12.23%, 3-year annualised: +17.44%, 5-year annualised: +11.29%, 10-year annualised: +10.53%. 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, 4.4%), Hydro One Ltd (H, 4.0%), Loblaw Companies Limited (L, 4.0%), Quebecor Inc (QBR-B, 4.0%) — 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 (17.1%), Consumer Defensive (17.0%). 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 $6.19B 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
2026-09-10	$59.89	$59.92	$59.17	$59.31	$59.31	45,925
2026-09-09	$60.24	$60.24	$59.79	$59.89	$59.89	29,425
2026-09-08	$60.67	$60.67	$60.26	$60.28	$60.28	38,448
2026-09-04	$60.75	$61.13	$60.75	$60.97	$60.97	27,900
2026-09-03	$60.48	$60.93	$60.48	$60.89	$60.89	25,411
2026-09-02	$60.17	$60.24	$60.02	$60.22	$60.22	37,073
2026-09-01	$60.20	$60.40	$59.85	$60.00	$60.00	54,509
2026-08-31	$60.36	$60.40	$60.10	$60.27	$60.27	56,528
2026-08-28	$60.73	$60.82	$60.33	$60.56	$60.56	22,811
2026-08-27	$60.76	$60.76	$60.33	$60.57	$60.57	36,035

#	Ticker	Name	Weight
1	GWO	Great-West Lifeco Inc.	4.44%
2	FTS	Fortis Inc	4.35%
3	H	Hydro One Ltd	4.01%
4	L	Loblaw Companies Limited	4.00%
5	QBR-B	Quebecor Inc	3.95%
6	EMA	Emera Inc.	3.68%
7	EMP-A	Empire Company Limited	3.63%
8	IFC	Intact Financial Corporation	3.31%
9	MRU	Metro Inc.	3.26%
10	CU	Canadian Utilities Limited	3.17%

Sector	Weight
Financial Services	26.89%
Utilities	17.06%
Consumer Defensive	17.01%
Communication Services	8.93%
Consumer Cyclicals	8.90%
Industrials	8.74%
Basic Materials	5.51%
Real Estate	4.01%
Energy	1.78%
Technology	1.18%
Healthcare	0.00%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

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

7 stocks to buy and hold forever

Compare ZLB

Explore More

Compare ZLB vs Similar ETFs

Frequently Asked Questions — ZLB