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BMO Clean Energy Index ETF (ZCLN.TO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
CA05600V1040
CUSIP
05600V104
Issuer
BMO
Inception Date
Jan 26, 2021
Leveraged
1x (No leverage)
Index Tracked
S&P Global Clean Energy Index
Domicile
Canada
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in BMO Clean Energy Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Different Benchmark Currency

ZCLN.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.

Returns By Period

BMO Clean Energy Index ETF (ZCLN.TO) has returned 12.59% so far this year and 55.63% over the past 12 months.


BMO Clean Energy Index ETF

1D
3.39%
1M
2.58%
YTD
12.59%
6M
16.82%
1Y
55.63%
3Y*
-0.61%
5Y*
-2.35%
10Y*

Benchmark (S&P 500 Index)

1D
2.80%
1M
-3.22%
YTD
-3.34%
6M
-2.48%
1Y
12.46%
3Y*
17.80%
5Y*
12.48%
10Y*
12.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 26, 2021, ZCLN.TO's average daily return is -0.02%, while the average monthly return is -0.41%.

Historically, 44% of months were positive and 56% were negative. The best month was Jul 2022 with a return of +19.5%, while the worst month was Feb 2021 at -14.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ZCLN.TO closed higher 47% of trading days. The best single day was Feb 24, 2022 with a return of +9.4%, while the worst single day was Feb 22, 2021 at -6.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.22%-0.42%2.58%12.59%
20251.03%-3.23%2.03%-0.64%6.90%3.45%3.70%7.34%8.93%12.62%-2.50%-5.51%37.90%
2024-10.12%0.83%0.41%-3.41%11.31%-9.65%6.18%-0.73%2.53%-7.67%-5.49%-4.30%-20.23%
20232.68%-2.76%0.59%-4.23%-2.18%-1.50%-1.32%-9.55%-8.84%-9.77%7.38%8.97%-20.37%
2022-10.44%10.29%1.94%-9.20%4.08%-4.64%19.45%2.04%-8.24%-3.77%10.94%-6.39%1.41%
2021-6.89%-14.15%-7.50%-5.98%-4.01%6.63%-2.43%4.25%-6.91%14.14%-4.09%-10.58%-34.06%

Benchmark Metrics

BMO Clean Energy Index ETF has an annualized alpha of -13.58%, beta of 0.78, and R² of 0.19 versus S&P 500 Index. Calculated based on daily prices since January 27, 2021.

  • This ETF participated in 113.55% of S&P 500 Index downside but only 27.18% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.19 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-13.58%
Beta
0.78
0.19
Upside Capture
27.18%
Downside Capture
113.55%

Expense Ratio

ZCLN.TO has an expense ratio of 0.39%, placing it in the medium range.


Return for Risk

Risk / Return Rank

ZCLN.TO ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


ZCLN.TO Risk / Return Rank: 9090
Overall Rank
ZCLN.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
ZCLN.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ZCLN.TO Omega Ratio Rank: 8383
Omega Ratio Rank
ZCLN.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
ZCLN.TO Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for BMO Clean Energy Index ETF (ZCLN.TO) and compare them to a chosen benchmark (S&P 500 Index).


ZCLN.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.10

0.69

+1.41

Sortino ratio

Return per unit of downside risk

2.77

1.06

+1.71

Omega ratio

Gain probability vs. loss probability

1.34

1.17

+0.17

Calmar ratio

Return relative to maximum drawdown

4.23

1.14

+3.09

Martin ratio

Return relative to average drawdown

11.99

4.22

+7.78

Explore ZCLN.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

BMO Clean Energy Index ETF provided a 1.52% dividend yield over the last twelve months, with an annual payout of CA$0.30 per share. The fund has been increasing its distributions for 4 consecutive years.


0.80%1.00%1.20%1.40%1.60%1.80%2.00%2.20%CA$0.00CA$0.05CA$0.10CA$0.15CA$0.20CA$0.25CA$0.3020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
DividendCA$0.30CA$0.30CA$0.27CA$0.22CA$0.19CA$0.17

Dividend yield

1.52%1.71%2.13%1.37%0.93%0.83%

Monthly Dividends

The table displays the monthly dividend distributions for BMO Clean Energy Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.00CA$0.00CA$0.00CA$0.00
2025CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.30CA$0.30
2024CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.27CA$0.27
2023CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.22CA$0.22
2022CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.19CA$0.19
2021CA$0.17CA$0.17

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the BMO Clean Energy Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO Clean Energy Index ETF was 61.07%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current BMO Clean Energy Index ETF drawdown is 34.06%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-61.07%Jan 27, 20211054Apr 8, 2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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