ZLU.TO Alternatives & Similar ETFs

BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) belongs to the Low Volatility 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 2 ETFs in the Low Volatility category with lower expense ratios, going as low as 0.28%.

Symbol	Name	Expense Ratio	AUM	Inception
FLVI.NEO	Franklin International Low Volatility High Dividen...	0.28%	—	Mar 2024	ZLU.TO vs FLVI.NEO
ZLH.TO	BMO Low Volatility US Equity Hedged to CAD ETF	0.30%	105.34M	Feb 2016	ZLU.TO vs ZLH.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	0.33%	103.58M	Apr 2012	ZLU.TO vs TLV.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	0.33%	395.67M	Jul 2012	ZLU.TO vs XMV.TO
XMU.TO	iShares MSCI Min Vol USA Index ETF	0.33%	349.74M	Jul 2012	ZLU.TO vs XMU.TO

Best Risk-Adjusted Alternatives to ZLU.TO

ZLU.TO has a PortfoliosLab risk / return rank of 42. There are 15 ETFs in the Low Volatility category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	97	103.58M	Apr 2012	ZLU.TO vs TLV.TO
FLVI.NEO	Franklin International Low Volatility High Dividen...	90	—	Mar 2024	ZLU.TO vs FLVI.NEO
TCLV.TO	TD Q Canadian Low Volatility ETF	86	124.02M	May 2020	ZLU.TO vs TCLV.TO
HVOI.TO	Harvest Low Volatility Canadian Equity Income ETF ...	84	—	Apr 2025	ZLU.TO vs HVOI.TO
XMV.TO	iShares MSCI Min Vol Canada Index ETF	84	395.67M	Jul 2012	ZLU.TO vs XMV.TO

Top Performing ZLU.TO Alternatives (YTD)

ZLU.TO is at 15.16% YTD. There are 3 ETFs in the Low Volatility category with higher YTD returns, going as high as 27.05%.

Symbol	Name	YTD Return	AUM	Inception
ZLE.TO	BMO Low Volatility Emerging Markets Equity ETF	27.05%	93.90M	May 2016	ZLU.TO vs ZLE.TO
XMM.TO	iShares MSCI Min Vol Emerging Markets Index ETF	18.53%	115.96M	Jul 2012	ZLU.TO vs XMM.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	17.17%	103.58M	Apr 2012	ZLU.TO vs TLV.TO
TILV.TO	TD Q International Low Volatility ETF	15.13%	133.48M	May 2019	ZLU.TO vs TILV.TO
FLVI.NEO	Franklin International Low Volatility High Dividen...	14.48%	—	Mar 2024	ZLU.TO vs FLVI.NEO

Lowest Volatility Alternatives to ZLU.TO

ZLU.TO has 11.52% 1-year volatility. There are 19 ETFs in the Low Volatility category with lower 1-year volatility, going as low as 7.73%.

Symbol	Name	Volatility 1Y	AUM	Inception
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	7.73%	103.58M	Apr 2012	ZLU.TO vs TLV.TO
VVO.TO	Vanguard Global Minimum Volatility ETF	7.93%	42.10M	Jun 2016	ZLU.TO vs VVO.TO
XMW.TO	iShares MSCI Min Vol Global Index ETF	8.00%	175.28M	Jul 2012	ZLU.TO vs XMW.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	8.48%	124.02M	May 2020	ZLU.TO vs TCLV.TO
ZLD.TO	BMO Low Volatility International Equity Hedged to ...	8.72%	35.41M	Feb 2016	ZLU.TO vs ZLD.TO

Lowest Drawdown Alternatives to ZLU.TO

ZLU.TO has a 1-year max drawdown of -7.52%. There are 15 ETFs in the Low Volatility category with shallower 1-year drawdowns, going as shallow as -4.07%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	-4.07%	103.58M	Apr 2012	ZLU.TO vs TLV.TO
TCLV.TO	TD Q Canadian Low Volatility ETF	-4.84%	124.02M	May 2020	ZLU.TO vs TCLV.TO
XMW.TO	iShares MSCI Min Vol Global Index ETF	-5.14%	175.28M	Jul 2012	ZLU.TO vs XMW.TO
BLOV.TO	Brompton North American Low Volatility Dividend ET...	-5.23%	11.26M	Apr 2020	ZLU.TO vs BLOV.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	-5.67%	6.27B	Oct 2011	ZLU.TO vs ZLB.TO

Other ETFs from BMO

The 10 most viewed BMO ETFs shown here include ZMMK.TO, ZSP.TO, ZEQT.TO and span 10 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	1.38%	5.83B	Nov 2021	ZLU.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	83	16.41%	24.00B	Nov 2012	ZLU.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	86	16.71%	924.58M	Jan 2022	ZLU.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	32.74%	7.10B	Oct 2009	ZLU.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	91	14.28%	17.51B	May 2009	ZLU.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	41	16.30%	2.90B	Jan 2010	ZLU.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	64	20.89%	2.26B	Feb 2019	ZLU.TO vs ZNQ.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	27	1.31%	13.09B	Jan 2010	ZLU.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	98	23.19%	1.91B	Oct 2011	ZLU.TO vs ZDV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Quality Factor, Large Cap Blend Equities	60	15.81%	1.29B	Nov 2014	ZLU.TO vs ZUQ.TO

Often Compared With ZLU.TO

Investors most often compare ZLU.TO with ZDY.TO, XEQT.TO, ZID.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZDY.TO	BMO US Dividend ETF (CAD)	Dividend, Large Cap Blend Equities	43	20.05%	884.27M	Mar 2013	ZLU.TO vs ZDY.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	89	16.44%	20.80B	Aug 2019	ZLU.TO vs XEQT.TO
ZID.TO	BMO MSCI India ESG Leaders Index ETF	India Equities, Asia Pacific Equities	5	-9.92%	172.68M	Jan 2010	ZLU.TO vs ZID.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	73	10.24%	3.37B	Jun 2007	ZLU.TO vs XBAL.TO
SPLV	Invesco S&P 500 Low Volatility ETF	S&P 500, Low Volatility	25	8.35%	7.25B	May 2011	ZLU.TO vs SPLV
VUN.TO	Vanguard U.S. Total Market Index ETF	Large Cap Blend Equities	82	16.84%	18.99B	Aug 2013	ZLU.TO vs VUN.TO
VGRO.TO	Vanguard Growth ETF Portfolio	Diversified Portfolio	88	13.15%	10.51B	Jan 2018	ZLU.TO vs VGRO.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	80	13.36%	5.04B	Jun 2007	ZLU.TO vs XGRO.TO
TGRO.TO	TD Growth ETF Portfolio	Diversified Portfolio	89	13.66%	—	Aug 2020	ZLU.TO vs TGRO.TO
XDU.TO	iShares Core MSCI US Quality Dividend Index ETF	Quality Factor, Large Cap Value Equities, Dividend	78	18.99%	335.28M	Jun 2017	ZLU.TO vs XDU.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	28.81%	6.16B	Jun 2017	ZLU.TO vs XDIV.TO
XMS.TO	iShares MSCI Min Vol USA Index ETF (CAD-Hedged)	Low Volatility	18	3.79%	60.87M	Apr 2016	ZLU.TO vs XMS.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	83	16.57%	34.09B	Nov 2012	ZLU.TO vs VFV.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	95	25.44%	104.16B	Oct 2011	ZLU.TO vs SCHD
ZMI.TO	BMO Monthly Income ETF	Diversified Portfolio	82	10.93%	249.66M	Jan 2011	ZLU.TO vs ZMI.TO
XHU.TO	iShares U.S. High Dividend Equity Index ETF	Large Cap Blend Equities, Dividend	27	14.66%	209.06M	Feb 2015	ZLU.TO vs XHU.TO
CNCL.TO	Global X Enhanced S&P/TSX 60 Covered Call ETF	Derivative Income, Canada Equities	90	13.88%	19.13M	Jul 2023	ZLU.TO vs CNCL.TO
XUU.TO	iShares Core S&P U.S. Total Market Index ETF	Large Cap Blend Equities	81	17.01%	4.56B	Feb 2015	ZLU.TO vs XUU.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.23%	8.59B	Nov 2012	ZLU.TO vs VDY.TO
XHD.TO	iShares U.S. High Dividend Equity Index ETF (CAD-H...	Large Cap Blend Equities, Dividend	26	18.09%	235.94M	Aug 2012	ZLU.TO vs XHD.TO

Compare ZLU.TO with Any Fund or Stock

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

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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

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