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EPI vs. ZLB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPI vs. ZLB.TO

Last updated Jun 9, 2026

EPI (WisdomTree India Earnings Fund) and ZLB.TO (BMO Low Volatility Canadian Equity ETF) are both exchange-traded funds - EPI is a Asia Pacific Equities fund tracking the WisdomTree India Earnings Index, while ZLB.TO is a Canada Equities fund actively managed by BMO. EPI is passively managed, while ZLB.TO is actively managed. Over the past 10 years, EPI returned 9.04%/yr vs 9.42%/yr for ZLB.TO. At a 0.28 correlation, their price movements are largely independent. EPI charges 0.84%/yr vs 0.39%/yr for ZLB.TO.

Performance

EPI vs. ZLB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Earnings Fund (EPI) and BMO Low Volatility Canadian Equity ETF (ZLB.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EPI is traded in USD, while ZLB.TO is traded in CAD. To make them comparable, the ZLB.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EPI achieves a -10.46% return, which is significantly lower than ZLB.TO's 2.14% return. Both investments have delivered pretty close results over the past 10 years, with EPI having a 9.04% annualized return and ZLB.TO not far ahead at 9.42%.

EPI

1D
-0.17%
1M
-5.15%
YTD
-10.46%
6M
-7.79%
1Y
-11.22%
3Y*
7.35%
5Y*
5.30%
10Y*
9.04%

ZLB.TO

1D
-0.93%
1M
-0.55%
YTD
2.14%
6M
0.70%
1Y
10.48%
3Y*
13.02%
5Y*
7.91%
10Y*
9.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPI vs. ZLB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPI
WisdomTree India Earnings Fund		-10.46%2.25%10.70%26.03%-4.74%26.41%18.55%1.53%-9.88%39.14%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		2.08%26.16%6.31%12.07%-6.29%22.99%3.98%27.16%-10.30%19.18%

Correlation

The correlation between EPI and ZLB.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2011

0.28

EPI vs. ZLB.TO - Sectors Allocation Comparison

Sectors
EPI
ZLB.TO

Financial Services

23.4%
23.9%

Energy

17.3%

-

Basic Materials

13.5%
6.2%

Industrials

9.7%
10.0%

Utilities

8.4%
17.6%

Technology

8.3%
1.9%

Consumer Cyclical

7.5%
8.5%

Healthcare

5.5%

-

Consumer Defensive

3.5%
18.3%

Communication Services

2.0%
9.3%

Real Estate

0.9%
4.3%

Financial Services

EPI
23.4%
ZLB.TO
23.9%

Energy

EPI
17.3%
ZLB.TO

-

Basic Materials

EPI
13.5%
ZLB.TO
6.2%

Industrials

EPI
9.7%
ZLB.TO
10.0%

Utilities

EPI
8.4%
ZLB.TO
17.6%

Technology

EPI
8.3%
ZLB.TO
1.9%

Consumer Cyclical

EPI
7.5%
ZLB.TO
8.5%

Healthcare

EPI
5.5%
ZLB.TO

-

Consumer Defensive

EPI
3.5%
ZLB.TO
18.3%

Communication Services

EPI
2.0%
ZLB.TO
9.3%

Real Estate

EPI
0.9%
ZLB.TO
4.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree India Earnings Fund

BMO Low Volatility Canadian Equity ETF

Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. INCOEPI vs. GLIN
Often compared with ZLB.TO:
ZLB.TO vs. VDY.TOZLB.TO vs. XIU.TOZLB.TO vs. XDIV.TOZLB.TO vs. XMW.TOZLB.TO vs. XBAL.TOZLB.TO vs. XUT.TOZLB.TO vs. XUU-U.TO

Return for Risk

EPI vs. ZLB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPI
EPI Risk / Return Rank: 33
Overall Rank
EPI Sharpe Ratio Rank: 33
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 33
Sortino Ratio Rank
EPI Omega Ratio Rank: 33
Omega Ratio Rank
EPI Calmar Ratio Rank: 44
Calmar Ratio Rank
EPI Martin Ratio Rank: 11
Martin Ratio Rank
ZLB.TO
ZLB.TO Risk / Return Rank: 4545
Overall Rank
ZLB.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ZLB.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
ZLB.TO Omega Ratio Rank: 4545
Omega Ratio Rank
ZLB.TO Calmar Ratio Rank: 5050
Calmar Ratio Rank
ZLB.TO Martin Ratio Rank: 4545
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPI vs. ZLB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and BMO Low Volatility Canadian Equity ETF (ZLB.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

EPIZLB.TODifference
Sharpe ratioReturn per unit of total volatility
-0.75
1.05

-1.80

Sortino ratioReturn per unit of downside risk
-1.00
1.46

-2.46

Omega ratioGain probability vs. loss probability

0.89

1.20

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.67

1.72

-2.38

Martin ratioReturn relative to average drawdown

-1.61

4.69

-6.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPI vs. ZLB.TO - Sharpe Ratio Comparison

The current EPI Sharpe Ratio is -0.75, which is lower than the ZLB.TO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of EPI and ZLB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EPIZLB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.75

1.05

-1.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.68

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.68

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.75

-0.62

Drawdowns

EPI vs. ZLB.TO - Drawdown Comparison

The maximum EPI drawdown since its inception was -66.21%, which is greater than ZLB.TO's maximum drawdown of -39.55%. Use the drawdown chart below to compare losses from any high point for EPI and ZLB.TO.

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Drawdown Indicators

EPIZLB.TODifference

Max Drawdown

Largest peak-to-trough decline

-66.21%

-39.55%

-26.66%

Max Drawdown (1Y)

Largest decline over 1 year

-16.88%

-6.13%

-10.75%

Max Drawdown (3Y)

Largest decline over 3 years

-21.89%

-12.27%

-9.62%

Max Drawdown (5Y)

Largest decline over 5 years

-21.89%

-20.63%

-1.26%

Max Drawdown (10Y)

Largest decline over 10 years

-50.29%

-39.55%

-10.74%

Current Drawdown

Current decline from peak

-18.22%

-2.58%

-15.64%

Average Drawdown

Average peak-to-trough decline

-18.65%

-4.09%

-14.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.00%

2.24%

+4.76%

Volatility

EPI vs. ZLB.TO - Volatility Comparison

WisdomTree India Earnings Fund (EPI) has a higher volatility of 4.88% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 2.82%. This indicates that EPI's price experiences larger fluctuations and is considered to be riskier than ZLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPIZLB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

2.82%

+2.06%

Volatility (6M)

Calculated over the trailing 6-month period

12.90%

8.11%

+4.79%

Volatility (1Y)

Calculated over the trailing 1-year period

15.03%

10.02%

+5.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.22%

11.65%

+4.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.36%

13.91%

+6.45%

EPI vs. ZLB.TO - Expense Ratio Comparison

EPI has a 0.84% expense ratio, which is higher than ZLB.TO's 0.39% expense ratio.

Dividends

EPI vs. ZLB.TO - Dividend Comparison

EPI has not paid dividends to shareholders, while ZLB.TO's dividend yield for the trailing twelve months is around 1.91%.

PositionTTM20252024202320222021202020192018201720162015
EPI
WisdomTree India Earnings Fund		0.00%0.00%0.27%0.15%6.01%1.18%0.78%1.17%1.18%0.85%1.05%1.20%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		1.91%1.99%2.37%2.67%2.66%2.39%2.83%2.44%2.76%2.55%2.94%2.34%

Frequently Asked Questions

EPI and ZLB.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ZLB.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ZLB.TO is cheaper with a 0.39% expense ratio, compared with 0.84% for EPI.

EPI is categorized as Asia Pacific Equities, while ZLB.TO is Canada Equities. They also come from different issuers: WisdomTree and BMO. Their fees differ too: 0.84% for EPI and 0.39% for ZLB.TO.

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