BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO)

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BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) is up 2.4% since the beginning of the year. ZLD.TO is currently trading at CA$30 per share. Investors who bought CA$1,000 worth of ZLD.TO shares 5 years ago would now be looking at an investment worth CA$1,340.

BMO Low Volatility International Equity Hedged to CAD ETF (ZLD.TO) has returned 2.40% so far this year and 2.90% over the past 12 months. Over the last ten years, ZLD.TO has returned 6.30% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since Feb 10, 2016, ZLD.TO's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +11.5%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ZLD.TO closed higher 48% of trading days. The best single day was Mar 13, 2020 with a return of +7.8%, while the worst single day was Mar 12, 2020 at -10.1%.

BMO Low Volatility International Equity Hedged to CAD ETF has an annualized alpha of 1.93%, beta of 0.37, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since February 10, 2016.

• This ETF participated in 60.13% of S&P 500 Index downside but only 48.29% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.37 may look defensive, but with R2 of 0.29 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.29 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.

ZLD.TO has an expense ratio of 0.40%, placing it in the medium range.

ZLD.TO ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

BMO Low Volatility International Equity Hedged to CAD ETF provided a 2.26% dividend yield over the last twelve months, with an annual payout of CA$0.68 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for BMO Low Volatility International Equity Hedged to CAD ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the BMO Low Volatility International Equity Hedged to CAD 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 Low Volatility International Equity Hedged to CAD ETF was 28.97%, occurring on Mar 18, 2020. Recovery took 327 trading sessions.

The current BMO Low Volatility International Equity Hedged to CAD ETF drawdown is 4.89%.

The chart below shows the rolling one-month volatility.