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BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) Alternatives

ETF · Currency in CAD · Last updated Jul 15, 2026

ZLU.TO is an actively managed ETF by BMO. ZLU.TO launched on Mar 19, 2013 and has a 0.33% expense ratio.

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

Cheapest Alternatives to ZLU.TO

ZLU.TO charges 0.33% annually. There are 17 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.05%.

SymbolNameExpense RatioAUMInception
ZEQL.TO
BMO MSCI USA Equal Weight Index ETF (CAD Units)0.05%—Feb 2026ZLU.TO vs ZEQL.TO
TPU.TO
TD U.S. Equity Index ETF0.06%6.18BMar 2016ZLU.TO vs TPU.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF0.07%6.36BJan 2018ZLU.TO vs QUU.TO
XTOT.TO
iShares Core S&P Total U.S. Stock Market Index ETF0.07%—May 2025ZLU.TO vs XTOT.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETF0.07%4.63BFeb 2015ZLU.TO vs XUU.TO

Best Risk-Adjusted Alternatives to ZLU.TO

ZLU.TO has a PortfoliosLab risk / return rank of 41. There are 18 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 79.

SymbolNameRisk / Return RankAUMInception
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
79
—Jul 2024ZLU.TO vs XUSC.TO
VUN.TO
Vanguard U.S. Total Market Index ETF
77
18.99BAug 2013ZLU.TO vs VUN.TO
TPU.TO
TD U.S. Equity Index ETF
76
6.18BMar 2016ZLU.TO vs TPU.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETF
75
4.63BFeb 2015ZLU.TO vs XUU.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF
75
6.36BJan 2018ZLU.TO vs QUU.TO

Top Performing ZLU.TO Alternatives (YTD)

ZLU.TO is at 13.10% YTD. There are 13 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 30.94%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
30.94%
40.63MSep 2019ZLU.TO vs XMTM.TO
ZDY.TO
BMO US Dividend ETF (CAD)
17.66%
903.91MMar 2013ZLU.TO vs ZDY.TO
COW.TO
iShares Global Agriculture Index ETF
16.25%
289.23MDec 2007ZLU.TO vs COW.TO
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETF
15.53%
128.26MMay 2017ZLU.TO vs FLUS.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
14.29%
—Jul 2024ZLU.TO vs XUSC.TO

Lowest Volatility Alternatives to ZLU.TO

ZLU.TO has 11.26% 1-year volatility. There are 6 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 10.25%.

SymbolNameVolatility 1YAUMInception
XMS.TO
iShares MSCI Min Vol USA Index ETF (CAD-Hedged)10.25%54.73MApr 2016ZLU.TO vs XMS.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...10.28%—Jan 2025ZLU.TO vs SMVP.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF10.33%2.57BAug 2013ZLU.TO vs VGG.TO
XMU.TO
iShares MSCI Min Vol USA Index ETF10.45%335.90MJul 2012ZLU.TO vs XMU.TO
ZLH.TO
BMO Low Volatility US Equity Hedged to CAD ETF10.79%101.88MFeb 2016ZLU.TO vs ZLH.TO

Lowest Drawdown Alternatives to ZLU.TO

ZLU.TO has a 1-year max drawdown of -7.52%. There are 5 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.44%.

SymbolNameMax Drawdown 1YAUMInception
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...
-6.44%
—Jan 2025ZLU.TO vs SMVP.TO
TULV.TO
TD Q U.S. Low Volatility ETF
-6.56%
54.59MMay 2020ZLU.TO vs TULV.TO
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)
-6.65%
979.22MJan 2014ZLU.TO vs RUD.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF
-7.07%
2.57BAug 2013ZLU.TO vs VGG.TO
ZLH.TO
BMO Low Volatility US Equity Hedged to CAD ETF
-7.35%
101.88MFeb 2016ZLU.TO vs ZLH.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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
99
1.25%
5.77BNov 2021ZLU.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
77
13.48%
24.35BNov 2012ZLU.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
82
14.20%
895.11MJan 2022ZLU.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
34.83%
7.20BOct 2009ZLU.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
89
12.66%
17.34BMay 2009ZLU.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
39
15.76%
3.09BJan 2010ZLU.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.26%
2.35BFeb 2019ZLU.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
49
7.40%
6.24BOct 2011ZLU.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
27
1.02%
13.13BJan 2010ZLU.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
21.69%
1.86BOct 2011ZLU.TO vs ZDV.TO

Often Compared With ZLU.TO

Investors most often compare ZLU.TO with XEQT.TO, ZID.TO, XBAL.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
85
13.88%
20.34BAug 2019ZLU.TO vs XEQT.TO
ZID.TO
BMO MSCI India ESG Leaders Index ETFIndia Equities, Asia Pacific Equities
3
-14.35%
180.89MJan 2010ZLU.TO vs ZID.TO
XBAL.TO
iShares Core Balanced ETF PortfolioDiversified Portfolio
68
8.57%
3.36BJun 2007ZLU.TO vs XBAL.TO
SPLV
Invesco S&P 500 Low Volatility ETFS&P 500, Large Cap Blend Equities
21
7.47%
7.08BMay 2011ZLU.TO vs SPLV
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
85
11.38%
10.51BJan 2018ZLU.TO vs VGRO.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
74
11.24%
5.03BJun 2007ZLU.TO vs XGRO.TO
TGRO.TO
TD Growth ETF PortfolioDiversified Portfolio
85
11.37%
—Aug 2020ZLU.TO vs TGRO.TO
XDU.TO
iShares Core MSCI US Quality Dividend Index ETFLarge Cap Value Equities, Dividend
59
14.90%
293.50MJun 2017ZLU.TO vs XDU.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
25.21%
5.78BJun 2017ZLU.TO vs XDIV.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
78
13.57%
34.09BNov 2012ZLU.TO vs VFV.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
83
19.32%
98.55BOct 2011ZLU.TO vs SCHD
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
53
13.16%
1.32BNov 2014ZLU.TO vs ZUQ.TO
ZMI.TO
BMO Monthly Income ETFDiversified Portfolio
75
9.55%
245.54MJan 2011ZLU.TO vs ZMI.TO
XHU.TO
iShares U.S. High Dividend Equity Index ETFLarge Cap Blend Equities, Dividend
17
10.23%
203.32MFeb 2015ZLU.TO vs XHU.TO
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETFDerivative Income, Canada Equities
90
13.09%
18.18MJul 2023ZLU.TO vs CNCL.TO
VIG
Vanguard Dividend Appreciation ETFDividend
62
8.86%
127.80BApr 2006ZLU.TO vs VIG
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.26%
8.59BNov 2012ZLU.TO vs VDY.TO
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-H...Large Cap Blend Equities, Dividend
15
13.63%
227.80MAug 2012ZLU.TO vs XHD.TO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
10
-3.10%
53.50MDec 2022ZLU.TO vs BRKY.NEO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD UnhedgedDerivative Income, Canada Equities
88
10.48%
216.50MJan 2023ZLU.TO vs ETSX.TO

Compare ZLU.TO with Any Fund or Stock

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

 

Diversifiers

Pair ZLU.TO with funds that move differently

BMO Low Volatility US Equity ETF (CAD) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZLU.TO.

Explore ZLU.TO Diversifiers