ZLU.TO Alternatives & Similar ETFs

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%.

Symbol	Name	Expense Ratio	AUM	Inception
ZEQL.TO	BMO MSCI USA Equal Weight Index ETF (CAD Units)	0.05%	—	Feb 2026	ZLU.TO vs ZEQL.TO
TPU.TO	TD U.S. Equity Index ETF	0.06%	5.84B	Mar 2016	ZLU.TO vs TPU.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	0.07%	5.61B	Jan 2018	ZLU.TO vs QUU.TO
XUU.TO	iShares Core S&P U.S. Total Market Index ETF	0.07%	4.55B	Feb 2015	ZLU.TO vs XUU.TO
XTOT.TO	iShares Core S&P Total U.S. Stock Market Index ETF	0.07%	—	May 2025	ZLU.TO vs XTOT.TO

Best Risk-Adjusted Alternatives to ZLU.TO

ZLU.TO has a PortfoliosLab risk / return rank of 26. There are 27 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	97	—	May 2024	ZLU.TO vs KNGC.TO
CLU.NEO	iShares US Fundamental Index ETF (CAD-Hedged) Comm...	81	—	Sep 2006	ZLU.TO vs CLU.NEO
CNCL.TO	Global X Enhanced S&P/TSX 60 Covered Call ETF	79	17.25M	Jul 2023	ZLU.TO vs CNCL.TO
ETSX.TO	Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	75	204.58M	Jan 2023	ZLU.TO vs ETSX.TO
XUSC.TO	iShares S&P 500 3% Capped Index ETF (CAD Units)	75	—	Jul 2024	ZLU.TO vs XUSC.TO

Top Performing ZLU.TO Alternatives (YTD)

ZLU.TO is at 9.40% YTD. There are 19 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 33.39%.

Symbol	Name	YTD Return	AUM	Inception
XMTM.TO	iShares MSCI USA Momentum Factor Index ETF	33.39%	45.75M	Sep 2019	ZLU.TO vs XMTM.TO
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	18.75%	—	May 2024	ZLU.TO vs KNGC.TO
ZDY.TO	BMO US Dividend ETF (CAD)	18.13%	865.68M	Mar 2013	ZLU.TO vs ZDY.TO
COW.TO	iShares Global Agriculture Index ETF	15.84%	313.46M	Dec 2007	ZLU.TO vs COW.TO
XHU.TO	iShares U.S. High Dividend Equity Index ETF	13.95%	184.48M	Feb 2015	ZLU.TO vs XHU.TO

Lowest Volatility Alternatives to ZLU.TO

ZLU.TO has 10.46% 1-year volatility. There are 7 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 8.75%.

Symbol	Name	Volatility 1Y	AUM	Inception
XMS.TO	iShares MSCI Min Vol USA Index ETF (CAD-Hedged)	8.75%	50.40M	Apr 2016	ZLU.TO vs XMS.TO
XMU.TO	iShares MSCI Min Vol USA Index ETF	9.20%	327.62M	Jul 2012	ZLU.TO vs XMU.TO
SMVP.TO	HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...	10.08%	—	Jan 2025	ZLU.TO vs SMVP.TO
CLU.NEO	iShares US Fundamental Index ETF (CAD-Hedged) Comm...	10.11%	—	Sep 2006	ZLU.TO vs CLU.NEO
VGG.TO	Vanguard U.S. Dividend Appreciation Index ETF	10.23%	2.46B	Aug 2013	ZLU.TO vs VGG.TO

Lowest Drawdown Alternatives to ZLU.TO

ZLU.TO has a 1-year max drawdown of -7.53%. There are 9 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -3.87%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
KNGC.TO	Brompton Canadian Cash Flow Kings ETF	-3.87%	—	May 2024	ZLU.TO vs KNGC.TO
SMVP.TO	HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...	-6.44%	—	Jan 2025	ZLU.TO vs SMVP.TO
XHD.TO	iShares U.S. High Dividend Equity Index ETF (CAD-H...	-6.51%	225.36M	Aug 2012	ZLU.TO vs XHD.TO
CLU.NEO	iShares US Fundamental Index ETF (CAD-Hedged) Comm...	-6.55%	—	Sep 2006	ZLU.TO vs CLU.NEO
TULV.TO	TD Q U.S. Low Volatility ETF	-6.56%	57.40M	May 2020	ZLU.TO vs TULV.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	ZLU.TO vs ZMMK.TO
ZSP.TO	BMO S&P 500 Index ETF	S&P 500	72	12.15%	23.82B	Nov 2012	ZLU.TO vs ZSP.TO
ZEQT.TO	BMO All-Equity ETF	Global Equities	75	13.04%	789.04M	Jan 2022	ZLU.TO vs ZEQT.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	ZLU.TO vs ZEB.TO
ZCN.TO	BMO S&P/TSX Capped Composite Index ETF	Canada Equities	80	10.70%	16.67B	May 2009	ZLU.TO vs ZCN.TO
ZQQ.TO	BMO NASDAQ 100 Equity (CAD Hedged)	Nasdaq-100	67	19.82%	3.25B	Jan 2010	ZLU.TO vs ZQQ.TO
ZNQ.TO	BMO NASDAQ 100 Equity Index ETF	Nasdaq-100	74	22.76%	2.28B	Feb 2019	ZLU.TO vs ZNQ.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	54	3.14%	6.10B	Oct 2011	ZLU.TO vs ZLB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	21	1.70%	12.80B	Jan 2010	ZLU.TO vs ZAG.TO
ZDV.TO	BMO Canadian Dividend ETF	Canada Equities	85	18.56%	1.72B	Oct 2011	ZLU.TO vs ZDV.TO

Often Compared With ZLU.TO

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZID.TO	BMO MSCI India ESG Leaders Index ETF	Asia Pacific Equities	2	-18.18%	172.52M	Jan 2010	ZLU.TO vs ZID.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	12.29%	18.41B	Aug 2019	ZLU.TO vs XEQT.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	61	7.81%	3.20B	Jun 2007	ZLU.TO vs XBAL.TO
SPLV	Invesco S&P 500 Low Volatility ETF	S&P 500, Large Cap Value Equities	8	1.32%	6.91B	May 2011	ZLU.TO vs SPLV
VGRO.TO	Vanguard Growth ETF Portfolio	Diversified Portfolio	76	10.34%	10.14B	Jan 2018	ZLU.TO vs VGRO.TO
VUN.TO	Vanguard U.S. Total Market Index ETF	Large Cap Blend Equities	72	12.43%	18.15B	Aug 2013	ZLU.TO vs VUN.TO
XGRO.TO	iShares Core Growth ETF Portfolio	Diversified Portfolio	67	10.38%	4.82B	Jun 2007	ZLU.TO vs XGRO.TO
TGRO.TO	TD Growth ETF Portfolio	Diversified Portfolio	77	9.93%	—	Aug 2020	ZLU.TO vs TGRO.TO
XDU.TO	iShares Core MSCI US Quality Dividend Index ETF	Large Cap Value Equities, Dividend	47	11.82%	286.82M	Jun 2017	ZLU.TO vs XDU.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Dividend, Large Cap Value Equities	98	19.17%	5.25B	Jun 2017	ZLU.TO vs XDIV.TO
ZUQ.TO	BMO MSCI USA High Quality Index ETF	Large Cap Blend Equities	41	9.39%	1.24B	Nov 2014	ZLU.TO vs ZUQ.TO
VFV.TO	Vanguard S&P 500 Index ETF	S&P 500	74	12.30%	32.85B	Nov 2012	ZLU.TO vs VFV.TO
ZMI.TO	BMO Monthly Income ETF	Diversified Portfolio	67	9.05%	234.41M	Jan 2011	ZLU.TO vs ZMI.TO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	80	19.01%	94.95B	Oct 2011	ZLU.TO vs SCHD
VIG	Vanguard Dividend Appreciation ETF	Dividend	56	7.57%	124.70B	Apr 2006	ZLU.TO vs VIG
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	ZLU.TO vs VDY.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Canadian Government Bonds, Ultrashort Bond	47	1.08%	3.53B	Jan 2011	ZLU.TO vs ZST.TO
BRKY.NEO	Berkshire Hathaway Yield Shares Purpose ETF	Large Cap Blend Equities	3	-6.85%	51.20M	Dec 2022	ZLU.TO vs BRKY.NEO
HULC.TO	Global X US Large Cap Index Corporate Class ETF	Large Cap Blend Equities	71	12.50%	703.33M	Feb 2020	ZLU.TO vs HULC.TO
XEI.TO	iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	98	22.21%	4.02B	Apr 2011	ZLU.TO vs XEI.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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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.

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