ZLI.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to ZLI.TO

ZLI.TO charges 0.40% annually. There are 6 ETFs in the Foreign Large Cap Equities category with lower expense ratios, going as low as 0.17%.

Symbol	Name	Expense Ratio	AUM	Inception
QDX.TO	Mackenzie International Equity Index ETF	0.17%	1.52B	Jan 2018	ZLI.TO vs QDX.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	0.23%	21.46B	Apr 2013	ZLI.TO vs XEF.TO
FLUR.NEO	Franklin International Equity Index ETF	0.27%	—	Feb 2019	ZLI.TO vs FLUR.NEO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	0.28%	357.29M	Apr 2020	ZLI.TO vs XDSR.TO
XSEA.TO	iShares ESG Aware MSCI EAFE Index ETF	0.28%	351.13M	Mar 2019	ZLI.TO vs XSEA.TO

Best Risk-Adjusted Alternatives to ZLI.TO

ZLI.TO has a PortfoliosLab risk / return rank of 9. There are 13 ETFs in the Foreign Large Cap Equities category with higher risk-adjusted ranks, going as high as 81.

Symbol	Name	Risk / Return Rank	AUM	Inception
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	81	145.76M	Oct 2014	ZLI.TO vs RIDH.TO
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	71	124.79M	Nov 2014	ZLI.TO vs ZXM.TO
FCIV.TO	Fidelity International Value ETF	64	2.08B	Jun 2025	ZLI.TO vs FCIV.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	59	1.90B	Aug 2018	ZLI.TO vs VIDY.TO
QDX.TO	Mackenzie International Equity Index ETF	48	1.52B	Jan 2018	ZLI.TO vs QDX.TO

Top Performing ZLI.TO Alternatives (YTD)

ZLI.TO is at 0.78% YTD. There are 14 ETFs in the Foreign Large Cap Equities category with higher YTD returns, going as high as 12.33%.

Symbol	Name	YTD Return	AUM	Inception
ZXM.TO	CI Morningstar International Momentum Index ETF Co...	12.33%	124.79M	Nov 2014	ZLI.TO vs ZXM.TO
FCIV.TO	Fidelity International Value ETF	12.00%	2.08B	Jun 2025	ZLI.TO vs FCIV.TO
XDSR.TO	iShares ESG Advanced MSCI EAFE Index ETF	11.94%	357.29M	Apr 2020	ZLI.TO vs XDSR.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	11.50%	145.76M	Oct 2014	ZLI.TO vs RIDH.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	10.45%	1.90B	Aug 2018	ZLI.TO vs VIDY.TO

Lowest Volatility Alternatives to ZLI.TO

ZLI.TO has 10.30% 1-year volatility. No ETFs in the Foreign Large Cap Equities category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 11.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	11.00%	762.24M	Sep 2015	ZLI.TO vs ZWE.TO
TILV.TO	TD Q International Low Volatility ETF	11.13%	133.63M	May 2019	ZLI.TO vs TILV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	11.91%	145.76M	Oct 2014	ZLI.TO vs RIDH.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	13.21%	1.90B	Aug 2018	ZLI.TO vs VIDY.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	13.85%	21.46B	Apr 2013	ZLI.TO vs XEF.TO

Lowest Drawdown Alternatives to ZLI.TO

ZLI.TO has a 1-year max drawdown of -8.37%. There is 1 ETF in the Foreign Large Cap Equities category with a shallower 1-year drawdown, going as shallow as -7.11%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TILV.TO	TD Q International Low Volatility ETF	-7.11%	133.63M	May 2019	ZLI.TO vs TILV.TO
FCIV.TO	Fidelity International Value ETF	-8.59%	2.08B	Jun 2025	ZLI.TO vs FCIV.TO
RIDH.TO	RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	-8.67%	145.76M	Oct 2014	ZLI.TO vs RIDH.TO
FCIL.NEO	Fidelity International Low Volatility ETF	-9.17%	—	Jan 2019	ZLI.TO vs FCIL.NEO
ZWE.TO	BMO Europe High Dividend Covered Call Hedged to CA...	-9.56%	762.24M	Sep 2015	ZLI.TO vs ZWE.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 7 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	100	0.95%	5.70B	Nov 2021	ZLI.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZLI.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZLI.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZLI.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZLI.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZLI.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZLI.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZLI.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZLI.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZLI.TO vs ZDV.TO

Often Compared With ZLI.TO

Investors most often compare ZLI.TO with FLVI.NEO, XBAL.TO, XLU. These 7 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FLVI.NEO	Franklin International Low Volatility High Dividen...	International Equity	63	8.94%	—	Mar 2024	ZLI.TO vs FLVI.NEO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	61	7.81%	3.20B	Jun 2007	ZLI.TO vs XBAL.TO
XLU	State Street Utilities Select Sector SPDR ETF	Utilities Equities	19	3.11%	22.40B	Dec 1998	ZLI.TO vs XLU
FCRI.TO	Franklin International Core Equity Fund ETF Series	Foreign Large Cap Equities	—	6.96%	—	Jan 2026	ZLI.TO vs FCRI.TO
FFDI	Fidelity Fundamental Developed International ETF	Foreign Large Cap Equities	24	6.62%	—	—	ZLI.TO vs FFDI
EACC.NEO	Global X MSCI EAFE Covered Call ETF	Derivative Income, Foreign Large Cap Equities	38	7.82%	—	May 2024	ZLI.TO vs EACC.NEO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZLI.TO vs ZUQ.TO

Compare ZLI.TO with Any Fund or Stock

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

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Diversifiers

Pair ZLI.TO with funds that move differently

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

Explore ZLI.TO Diversifiers

BMO Low Volatility International Equity ETF (ZLI.TO) Alternatives