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BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO)
About this ETF
The BMO Low Volatility US Equity Hedged to CAD ETF is designed to offer investment in a portfolio predominantly composed of U.S. equities, specifically chosen for their reduced sensitivity to market fluctuations, a characteristic quantified as 'beta'. Beta measures how a security's price tends to react to broader market shifts. This exchange-traded fund utilizes a systematic, rule-based methodology to pinpoint these inherently less volatile U.S. stocks from an extensive universe of international large-capitalization companies. To mitigate currency risk for Canadian investors, all foreign currency exposure is actively managed and hedged back to the Canadian dollar. The underlying holdings within the portfolio undergo rebalancing in May and a complete reconstitution in November. Additionally, as this particular ETF (referred to as ZLH)…
Price
Top 10 holdings
| SK hynix Inc. 000660.KS | 8.72% |
| Taiwan Semiconductor Manufacturing Co Ltd 2330.TW | 6.72% |
| Samsung electronics co ltd 005930.KS | 4.79% |
| YAGEO CORP 2327.TW | 2.24% |
| Tencent Holdings Limited 0700.HK | 2.23% |
| SAMSUNG ELECTRO-MECHANICS CO LTD 009150.KS | 2.14% |
| SAMSUNG ELECTRONICS C PFD 005935.KS | 1.78% |
| SAUDI TELECOM CO 7010.SR | 1.68% |
| Credicorp Ltd. 0U8N.L | 1.55% |
| Mediatek Inc 2454.TW | 1.45% |
Sector mix
Price chart
Returns
| 1 month | -2.59% |
| 3 months | +12.86% |
| 6 months | +18.38% |
| Year to date | +24.70% |
| 1 year | +31.22% |
| 3 years (ann.) | +16.72% |
| 5 years (ann.) | +5.25% |
| 10 years (ann.) | +3.17% |
Risk profile
| Volatility (1y, ann.) | 17.83% |
| Sharpe (1y) | 1.61 |
| Sharpe (3y) | 1.16 |
| Sortino (1y) | 1.97 |
| Max drawdown (1y) | -9.45% |
| Max drawdown (5y) | -27.34% |
| Max drawdown (full) | -33.91% |
| Beta vs S&P 500 (1y) | 0.83 |
| Correlation vs S&P 500 (1y) | 0.58 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Cost vs. peers
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-30 | 2026-01-05 | CAD 0.6800 |
| 2024-12-30 | 2025-01-03 | CAD 0.6820 |
| 2023-12-27 | 2024-01-03 | CAD 0.6000 |
| 2022-12-28 | 2023-01-03 | CAD 0.6000 |
| 2021-12-29 | 2022-01-05 | CAD 0.4300 |
| 2020-12-29 | 2021-01-05 | CAD 0.4500 |
| 2019-12-27 | 2020-01-03 | CAD 0.4000 |
| 2018-12-27 | 2019-01-03 | CAD 0.4300 |
| 2017-12-27 | 2018-01-05 | CAD 0.3116 |
| 2016-12-23 | — | CAD 0.1508 |
Splits
| 2018-12-27 | 1000:995 |
ESG profile
Benchmark: average of 4,066 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Core MSCI Emerging Markets ETF IEMG | 0.09% | 156.92B | 38.8% |
| Vanguard FTSE Emerging Markets ETF VWO | 0.06% | 162.80B | 25.8% |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 15.1% |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 6.7% |
| State Street SPDR Portfolio S&P 500 ETF SPYM | 0.02% | 159.32B | 0.0% |
