BMO Low Volatility US Equity ETF (ZLU.TO)
About this ETF
The BMO Low Volatility US Equity ETF (US Dollar Units) is designed to provide investors with exposure to a carefully chosen collection of U.S. stocks, specifically weighted for reduced market beta. Beta, in finance, serves as a metric to measure an investment's sensitivity to broader market shifts. The ETF employs a disciplined, rules-based methodology to select the hundred large-capitalization U.S. companies that exhibit the least volatility relative to the market. Its portfolio components are adjusted in May and completely rebuilt in November annually. This fund is listed for trading on the TSX, with all transactions conducted in U.S. dollars.
Price
Top 10 holdings
| Corning Incorporated GLW | 3.10% |
| Johnson & Johnson JNJ | 2.94% |
| Cencora, Inc. COR | 2.72% |
| Teledyne Technologies Incorporated TDY | 2.61% |
| Cisco Systems, Inc. CSCO | 2.52% |
| International Business Machines Corporation IBM | 2.35% |
| Consolidated Edison, Inc. ED | 2.05% |
| Akamai Technologies, Inc. AKAM | 2.03% |
| Northrop Grumman Corporation NOC | 2.03% |
| Cboe Global Markets, Inc. CBOE | 2.01% |
Sector mix
Price chart
Returns
| 1 month | +3.52% |
| 3 months | +7.30% |
| 6 months | +11.67% |
| Year to date | +14.50% |
| 1 year | +19.21% |
| 3 years (ann.) | +11.98% |
| 5 years (ann.) | +9.79% |
| 10 years (ann.) | +8.24% |
Risk profile
| Volatility (1y, ann.) | 10.24% |
| Sharpe (1y) | 1.77 |
| Sharpe (3y) | 1.09 |
| Sortino (1y) | 2.83 |
| Max drawdown (1y) | -7.04% |
| Max drawdown (5y) | -12.37% |
| Max drawdown (full) | -25.49% |
| Beta vs S&P 500 (1y) | 0.14 |
| Correlation vs S&P 500 (1y) | 0.18 |
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 |
|---|---|---|
| 2026-06-29 | 2026-07-03 | CAD 0.2700 |
| 2026-03-30 | 2026-04-02 | CAD 0.2700 |
| 2025-12-30 | 2026-01-05 | CAD 0.2700 |
| 2025-09-29 | 2025-10-02 | CAD 0.2700 |
| 2025-06-27 | 2025-07-03 | CAD 0.2700 |
| 2025-03-28 | 2025-04-02 | CAD 0.2700 |
| 2024-12-30 | 2025-01-03 | CAD 0.2700 |
| 2024-09-27 | 2024-10-02 | CAD 0.2700 |
| 2024-06-27 | 2024-07-03 | CAD 0.2700 |
| 2024-03-27 | 2024-04-02 | CAD 0.2700 |
| 2023-12-27 | 2024-01-03 | CAD 0.2900 |
| 2023-09-27 | 2023-10-04 | CAD 0.2700 |
| 2023-06-28 | 2023-07-05 | CAD 0.2700 |
| 2023-03-29 | 2023-04-04 | CAD 0.2700 |
| 2022-12-28 | 2023-01-03 | CAD 0.2800 |
| 2022-09-28 | 2022-10-05 | CAD 0.2300 |
| 2022-06-28 | 2022-07-05 | CAD 0.2200 |
| 2022-03-29 | 2022-04-04 | CAD 0.2200 |
| 2021-12-29 | 2022-01-05 | CAD 0.2100 |
| 2021-09-28 | 2021-10-04 | CAD 0.2000 |
| 2021-06-28 | 2021-07-06 | CAD 0.2000 |
| 2021-03-29 | 2021-04-05 | CAD 0.2000 |
| 2020-12-29 | 2021-01-05 | CAD 0.2000 |
| 2020-09-28 | 2020-10-02 | CAD 0.1700 |
| 2020-06-26 | 2020-07-06 | CAD 0.1700 |
| 2020-03-27 | 2020-04-02 | CAD 0.1700 |
| 2019-12-27 | 2020-01-03 | CAD 0.1600 |
| 2019-09-26 | 2019-10-02 | CAD 0.1500 |
| 2019-06-26 | 2019-07-03 | CAD 0.1500 |
| 2019-03-27 | 2019-04-02 | CAD 0.1500 |
| 2018-12-27 | 2019-01-03 | CAD 0.2000 |
| 2018-09-26 | 2018-10-04 | CAD 0.1400 |
| 2018-06-27 | 2018-07-06 | CAD 0.1400 |
| 2018-03-27 | 2018-04-05 | CAD 0.1400 |
| 2017-12-27 | 2018-01-05 | CAD 0.1750 |
| 2017-09-27 | 2017-10-05 | CAD 0.1400 |
| 2017-06-27 | 2017-07-07 | CAD 0.1500 |
| 2017-03-28 | 2017-04-06 | CAD 0.1500 |
| 2016-12-23 | 2017-01-06 | CAD 0.1450 |
| 2016-09-27 | 2016-10-06 | CAD 0.1450 |
Splits
| 2025-12-30 | 479:500 |
| 2013-12-24 | 9989:10000 |
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 |
|---|---|---|---|
| Vanguard Value ETF VTV | 0.03% | 245.00B | 24.6% |
| Vanguard Mid-Cap ETF VO | 0.03% | 218.80B | 16.3% |
| iShares Core S&P 500 UCITS ETF CSSPX.MI | 0.07% | 151.54B | 14.3% |
| iShares Core S&P 500 UCITS ETF CSP1.L | 0.07% | 151.66B | 14.3% |
| iShares Core S&P 500 UCITS ETF CSPX.AS | 0.07% | 151.54B | 14.3% |

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