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

ETF · Currency in CAD · Last updated Jun 24, 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%5.97BMar 2016ZLU.TO vs TPU.TO
XTOT.TO
iShares Core S&P Total U.S. Stock Market Index ETF0.07%—May 2025ZLU.TO vs XTOT.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF0.07%6.24BJan 2018ZLU.TO vs QUU.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETF0.07%4.65BFeb 2015ZLU.TO vs XUU.TO

Best Risk-Adjusted Alternatives to ZLU.TO

ZLU.TO has a PortfoliosLab risk / return rank of 33. There are 23 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 95.

SymbolNameRisk / Return RankAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
95
—May 2024ZLU.TO vs KNGC.TO
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF
84
18.10MJul 2023ZLU.TO vs CNCL.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged
81
211.72MJan 2023ZLU.TO vs ETSX.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
79
—Jul 2024ZLU.TO vs XUSC.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF
73
6.24BJan 2018ZLU.TO vs QUU.TO

Top Performing ZLU.TO Alternatives (YTD)

ZLU.TO is at 11.73% YTD. There are 13 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 36.31%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
36.31%
40.47MSep 2019ZLU.TO vs XMTM.TO
ZDY.TO
BMO US Dividend ETF (CAD)
18.94%
901.36MMar 2013ZLU.TO vs ZDY.TO
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
15.18%
—May 2024ZLU.TO vs KNGC.TO
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETF
14.55%
140.28MMay 2017ZLU.TO vs FLUS.TO
COW.TO
iShares Global Agriculture Index ETF
13.43%
280.03MDec 2007ZLU.TO vs COW.TO

Lowest Volatility Alternatives to ZLU.TO

ZLU.TO has 10.59% 1-year volatility. There are 4 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 10.15%.

SymbolNameVolatility 1YAUMInception
XMU.TO
iShares MSCI Min Vol USA Index ETF10.15%332.47MJul 2012ZLU.TO vs XMU.TO
XMS.TO
iShares MSCI Min Vol USA Index ETF (CAD-Hedged)10.15%53.17MApr 2016ZLU.TO vs XMS.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...10.16%—Jan 2025ZLU.TO vs SMVP.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF10.26%2.46BAug 2013ZLU.TO vs VGG.TO
TULV.TO
TD Q U.S. Low Volatility ETF10.67%53.59MMay 2020ZLU.TO vs TULV.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 -4.01%.

SymbolNameMax Drawdown 1YAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
-4.01%
—May 2024ZLU.TO vs KNGC.TO
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%
53.59MMay 2020ZLU.TO vs TULV.TO
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)
-6.65%
961.23MJan 2014ZLU.TO vs RUD.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF
-7.07%
2.46BAug 2013ZLU.TO vs VGG.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
1.09%
5.68BNov 2021ZLU.TO vs ZMMK.TO
ZSP.TO
BMO S&P 500 Index ETFS&P 500
72
11.86%
24.23BNov 2012ZLU.TO vs ZSP.TO
ZEQT.TO
BMO All-Equity ETFGlobal Equities
79
13.48%
846.16MJan 2022ZLU.TO vs ZEQT.TO
ZEB.TO
BMO Equal Weight Banks Index ETFFinancials Equities, Equal Weight
97
30.69%
6.15BOct 2009ZLU.TO vs ZEB.TO
ZCN.TO
BMO S&P/TSX Capped Composite Index ETFCanada Equities
81
11.25%
16.91BMay 2009ZLU.TO vs ZCN.TO
ZQQ.TO
BMO NASDAQ 100 Equity (CAD Hedged)Nasdaq-100
41
14.60%
3.24BJan 2010ZLU.TO vs ZQQ.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.44%
2.39BFeb 2019ZLU.TO vs ZNQ.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
45
6.82%
6.18BOct 2011ZLU.TO vs ZLB.TO
ZAG.TO
BMO Aggregate Bond Index ETFCanadian Government Bonds
21
1.70%
12.97BJan 2010ZLU.TO vs ZAG.TO
ZDV.TO
BMO Canadian Dividend ETFCanada Equities
97
20.55%
1.83BOct 2011ZLU.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 9 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZID.TO
BMO MSCI India ESG Leaders Index ETFAsia Pacific Equities
3
-13.93%
182.61MJan 2010ZLU.TO vs ZID.TO
XEQT.TO
iShares Core Equity ETF PortfolioGlobal Equities
80
12.92%
19.56BAug 2019ZLU.TO vs XEQT.TO
XBAL.TO
iShares Core Balanced ETF PortfolioDiversified Portfolio
61
8.24%
3.32BJun 2007ZLU.TO vs XBAL.TO
SPLV
Invesco S&P 500 Low Volatility ETFS&P 500, Large Cap Blend Equities
15
5.06%
6.87BMay 2011ZLU.TO vs SPLV
VGRO.TO
Vanguard Growth ETF PortfolioDiversified Portfolio
80
10.76%
10.14BJan 2018ZLU.TO vs VGRO.TO
VUN.TO
Vanguard U.S. Total Market Index ETFLarge Cap Blend Equities
72
12.60%
18.15BAug 2013ZLU.TO vs VUN.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
69
10.64%
4.97BJun 2007ZLU.TO vs XGRO.TO
TGRO.TO
TD Growth ETF PortfolioDiversified Portfolio
79
10.42%
—Aug 2020ZLU.TO vs TGRO.TO
XDU.TO
iShares Core MSCI US Quality Dividend Index ETFLarge Cap Value Equities, Dividend
57
14.48%
294.27MJun 2017ZLU.TO vs XDU.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...Dividend, Large Cap Value Equities
98
21.65%
5.54BJun 2017ZLU.TO vs XDIV.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
72
11.93%
32.85BNov 2012ZLU.TO vs VFV.TO
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
47
10.78%
1.30BNov 2014ZLU.TO vs ZUQ.TO
SCHD
Schwab U.S. Dividend Equity ETFDividend
77
17.72%
99.95BOct 2011ZLU.TO vs SCHD
ZMI.TO
BMO Monthly Income ETFDiversified Portfolio
72
9.77%
236.88MJan 2011ZLU.TO vs ZMI.TO
VIG
Vanguard Dividend Appreciation ETFDividend
54
6.98%
127.80BApr 2006ZLU.TO vs VIG
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-H...Large Cap Blend Equities, Dividend
16
12.57%
220.53MAug 2012ZLU.TO vs XHD.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
98
24.99%
7.99BNov 2012ZLU.TO vs VDY.TO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
8
-2.85%
53.40MDec 2022ZLU.TO vs BRKY.NEO
XHU.TO
iShares U.S. High Dividend Equity Index ETFLarge Cap Blend Equities, Dividend
18
9.85%
187.12MFeb 2015ZLU.TO vs XHU.TO
ZST.TO
BMO Ultra Short-Term Bond ETFCanadian Government Bonds, Ultrashort Bond
49
1.22%
3.54BJan 2011ZLU.TO vs ZST.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