ZLE.TO Alternatives & Similar ETFs

BMO Low Volatility Emerging Markets Equity ETF (ZLE.TO) belongs to the Emerging Markets Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZLE.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ZLE.TO

ZLE.TO charges 0.45% annually. There are 6 ETFs in the Emerging Markets Equities category with lower expense ratios, going as low as 0.25%.

Symbol	Name	Expense Ratio	AUM	Inception
VEE.TO	Vanguard FTSE Emerging Markets All Cap Index ETF	0.25%	4.45B	Nov 2011	ZLE.TO vs VEE.TO
HXEM.TO	Global X Emerging Markets Equity Index Corporate C...	0.25%	206.07M	Aug 2020	ZLE.TO vs HXEM.TO
ZEM.TO	BMO MSCI Emerging Markets Index ETF	0.27%	3.26B	Oct 2009	ZLE.TO vs ZEM.TO
XEC.TO	iShares Core MSCI Emerging Markets IMI Index ETF	0.28%	4.51B	Apr 2013	ZLE.TO vs XEC.TO
XSEM.TO	iShares ESG Aware MSCI Emerging Markets Index ETF	0.32%	5.93B	Mar 2019	ZLE.TO vs XSEM.TO

Best Risk-Adjusted Alternatives to ZLE.TO

ZLE.TO has a PortfoliosLab risk / return rank of 78. No ETFs in the Emerging Markets Equities category have higher risk-adjusted ranks; the top alternatives shown here go as high as 71.

Symbol	Name	Risk / Return Rank	AUM	Inception
ZEM.TO	BMO MSCI Emerging Markets Index ETF	71	3.26B	Oct 2009	ZLE.TO vs ZEM.TO
XEM.TO	iShares MSCI Emerging Markets Index ETF	70	467.75M	Jun 2009	ZLE.TO vs XEM.TO
XEC.TO	iShares Core MSCI Emerging Markets IMI Index ETF	69	4.51B	Apr 2013	ZLE.TO vs XEC.TO
HXEM.TO	Global X Emerging Markets Equity Index Corporate C...	67	206.07M	Aug 2020	ZLE.TO vs HXEM.TO
CWO.NEO	iShares Emerging Markets Fundamental Index ETF	64	—	Apr 2009	ZLE.TO vs CWO.NEO

Top Performing ZLE.TO Alternatives (YTD)

ZLE.TO is at 25.34% YTD. No ETFs in the Emerging Markets Equities category have higher YTD returns; the top-performing alternatives shown here go as high as 23.38%.

Symbol	Name	YTD Return	AUM	Inception
ZEM.TO	BMO MSCI Emerging Markets Index ETF	23.38%	3.26B	Oct 2009	ZLE.TO vs ZEM.TO
XEM.TO	iShares MSCI Emerging Markets Index ETF	23.15%	467.75M	Jun 2009	ZLE.TO vs XEM.TO
HXEM.TO	Global X Emerging Markets Equity Index Corporate C...	23.01%	206.07M	Aug 2020	ZLE.TO vs HXEM.TO
DRFE.TO	Desjardins RI Emerging Markets Multifactor - Net-Z...	22.16%	325.70M	Mar 2019	ZLE.TO vs DRFE.TO
XEC.TO	iShares Core MSCI Emerging Markets IMI Index ETF	21.97%	4.51B	Apr 2013	ZLE.TO vs XEC.TO

Lowest Volatility Alternatives to ZLE.TO

ZLE.TO has 18.26% 1-year volatility. There are 3 ETFs in the Emerging Markets Equities category with lower 1-year volatility, going as low as 15.29%.

Symbol	Name	Volatility 1Y	AUM	Inception
XMM.TO	iShares MSCI Min Vol Emerging Markets Index ETF	15.29%	118.45M	Jul 2012	ZLE.TO vs XMM.TO
CWO.NEO	iShares Emerging Markets Fundamental Index ETF	16.69%	—	Apr 2009	ZLE.TO vs CWO.NEO
VEE.TO	Vanguard FTSE Emerging Markets All Cap Index ETF	17.00%	4.45B	Nov 2011	ZLE.TO vs VEE.TO
DRFE.TO	Desjardins RI Emerging Markets Multifactor - Net-Z...	21.25%	325.70M	Mar 2019	ZLE.TO vs DRFE.TO
XEC.TO	iShares Core MSCI Emerging Markets IMI Index ETF	22.27%	4.51B	Apr 2013	ZLE.TO vs XEC.TO

Lowest Drawdown Alternatives to ZLE.TO

ZLE.TO has a 1-year max drawdown of -11.16%. There are 3 ETFs in the Emerging Markets Equities category with shallower 1-year drawdowns, going as shallow as -8.76%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
XMM.TO	iShares MSCI Min Vol Emerging Markets Index ETF	-8.76%	118.45M	Jul 2012	ZLE.TO vs XMM.TO
VEE.TO	Vanguard FTSE Emerging Markets All Cap Index ETF	-10.74%	4.45B	Nov 2011	ZLE.TO vs VEE.TO
CWO.NEO	iShares Emerging Markets Fundamental Index ETF	-10.90%	—	Apr 2009	ZLE.TO vs CWO.NEO
XEC.TO	iShares Core MSCI Emerging Markets IMI Index ETF	-11.61%	4.51B	Apr 2013	ZLE.TO vs XEC.TO
XEM.TO	iShares MSCI Emerging Markets Index ETF	-12.27%	467.75M	Jun 2009	ZLE.TO vs XEM.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 8 categories. AUM among these funds goes as high as $24B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.27%	5.76B	Nov 2021	ZLE.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	78	13.23%	23.77B	Nov 2012	ZLE.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	84	14.24%	890.17M	Jan 2022	ZLE.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.28%	7.49B	Oct 2009	ZLE.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.80%	17.36B	May 2009	ZLE.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	36	14.01%	2.97B	Jan 2010	ZLE.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	63	18.72%	2.24B	Feb 2019	ZLE.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	55	7.84%	6.32B	Oct 2011	ZLE.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	31	1.17%	13.16B	Jan 2010	ZLE.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	22.69%	1.90B	Oct 2011	ZLE.TO vs ZDV.TO

Often Compared With ZLE.TO

Investors most often compare ZLE.TO with XEMC.TO, CAEM.TO. These 2 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
XEMC.TO	iShares MSCI Emerging Markets ex China Index ETF	Emerging Markets Equities	85	35.28%	—	Feb 2023	ZLE.TO vs XEMC.TO
CAEM.TO	Avantis CIBC Emerging Markets Equity ETF	Emerging Markets Equities	—	—	—	Mar 2026	ZLE.TO vs CAEM.TO

Compare ZLE.TO with Any Fund or Stock

Compare ZLE.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair ZLE.TO with funds that move differently

BMO Low Volatility Emerging Markets Equity ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZLE.TO.

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