BMO S&P US Small Cap Index ETF (ZSML.TO)

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The chart shows the growth of an initial investment of CA$10,000 in BMO S&P US Small Cap Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BMO S&P US Small Cap Index ETF (ZSML.TO) has returned 4.62% so far this year and 15.31% over the past 12 months.

Based on dividend-adjusted daily data since Feb 20, 2020, ZSML.TO's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, your investment would double in approximately 6.7 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +15.0%, while the worst month was Mar 2020 at -22.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, ZSML.TO closed higher 41% of trading days. The best single day was Nov 17, 2020 with a return of +14.8%, while the worst single day was Mar 9, 2020 at -10.9%.

BMO S&P US Small Cap Index ETF has an annualized alpha of 6.60%, beta of 0.43, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since February 25, 2020.

• This ETF participated in 100.87% of S&P 500 Index downside but only 95.18% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.43 may look defensive, but with R² of 0.13 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.13 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ZSML.TO has an expense ratio of 0.22%, which is considered low.

ZSML.TO ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for BMO S&P US Small Cap Index ETF (ZSML.TO) and compare them to a chosen benchmark (S&P 500 Index).

BMO S&P US Small Cap Index ETF provided a 1.14% dividend yield over the last twelve months, with an annual payout of CA$0.52 per share.

The table displays the monthly dividend distributions for BMO S&P US Small Cap Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BMO S&P US Small Cap Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BMO S&P US Small Cap Index ETF was 35.32%, occurring on Mar 23, 2020. Recovery took 165 trading sessions.

The current BMO S&P US Small Cap Index ETF drawdown is 4.03%.

The chart below shows the rolling one-month volatility.