BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO)

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BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO) is up 9.5% since the beginning of the year. ZLH.TO is currently trading at CA$40 per share. Investors who bought CA$1,000 worth of ZLH.TO shares 5 years ago would now be looking at an investment worth CA$1,410.

BMO Low Volatility US Equity Hedged to CAD ETF (ZLH.TO) has returned 9.49% so far this year and 10.17% over the past 12 months. Over the last ten years, ZLH.TO has returned 7.51% 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, ZLH.TO's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +8.7%, while the worst month was Mar 2020 at -11.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZLH.TO closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +7.5%, while the worst single day was Mar 12, 2020 at -9.4%.

BMO Low Volatility US Equity Hedged to CAD ETF has an annualized alpha of 3.94%, beta of 0.36, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 10, 2016.

• This ETF participated in 59.82% of S&P 500 Index downside but only 55.00% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.36 may look defensive, but with R2 of 0.25 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 0.25 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.

ZLH.TO has an expense ratio of 0.30%, placing it in the medium range.

ZLH.TO ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

BMO Low Volatility US Equity Hedged to CAD ETF provided a 1.73% dividend yield over the last twelve months, with an annual payout of CA$0.69 per share.

The table displays the monthly dividend distributions for BMO Low Volatility US 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 US 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 US Equity Hedged to CAD ETF was 33.34%, occurring on Mar 23, 2020. Recovery took 246 trading sessions.

The current BMO Low Volatility US Equity Hedged to CAD ETF drawdown is 1.60%.

The chart below shows the rolling one-month volatility.