BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO)

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BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO) is up 34.5% since the beginning of the year. ZLE.TO is currently trading at CA$29 per share. Investors who bought CA$1,000 worth of ZLE.TO shares 5 years ago would now be looking at an investment worth CA$1,622.

BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO) has returned 34.50% so far this year and 47.27% over the past 12 months. Over the last ten years, ZLE.TO has returned 6.17% per year, falling short of the S&P 500 Index benchmark, which averaged 14.61% annually.

Based on dividend-adjusted daily data since May 17, 2016, ZLE.TO's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.

Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +12.1%, while the worst month was Mar 2020 at -9.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ZLE.TO closed higher 43% of trading days. The best single day was Mar 25, 2020 with a return of +9.5%, while the worst single day was Mar 12, 2020 at -8.1%.

BMO Low Volatility Emerging Markets Equity ETF has an annualized alpha of 2.64%, beta of 0.28, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since May 17, 2016.

• This ETF participated in 48.58% of S&P 500 Index downside but only 39.21% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.28 may look defensive, but with R2 of 0.13 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 0.13 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.

ZLE.TO has an expense ratio of 0.45%, placing it in the medium range.

ZLE.TO ranks 92 for risk / return — in the top 92% 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.

BMO Low Volatility Emerging Markets Equity ETF provided a 2.33% dividend yield over the last twelve months, with an annual payout of CA$0.68 per share.

The table displays the monthly dividend distributions for BMO Low Volatility Emerging Markets Equity 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 Emerging Markets Equity 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 Emerging Markets Equity ETF was 31.71%, occurring on Oct 25, 2022. Recovery took 669 trading sessions.

The current BMO Low Volatility Emerging Markets Equity ETF drawdown is 2.34%.

The chart below shows the rolling one-month volatility.