PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ETSX.TO vs. ZLU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETSX.TO vs. ZLU.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and BMO Low Volatility US Equity ETF (CAD) (ZLU.TO).

ETSX.TO and ZLU.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETSX.TO is a passively managed fund by Evolve that tracks the performance of the S&P/TSX 60. It was launched on Jan 9, 2023. ZLU.TO is an actively managed fund by BMO. It was launched on Mar 19, 2013.

Performance

ETSX.TO vs. ZLU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and BMO Low Volatility US Equity ETF (CAD) (ZLU.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ETSX.TO vs. ZLU.TO - Yearly Performance Comparison

2026 (YTD)202520242023
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged		0.82%25.93%18.50%6.16%
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)		7.06%1.95%21.52%-4.11%

Returns By Period

In the year-to-date period, ETSX.TO achieves a 0.82% return, which is significantly lower than ZLU.TO's 7.06% return.

ETSX.TO

1D
1.29%
1M
-4.15%
YTD
0.82%
6M
7.20%
1Y
27.15%
3Y*
16.81%
5Y*
—
10Y*
—

ZLU.TO

1D
0.93%
1M
-3.57%
YTD
7.06%
6M
0.48%
1Y
0.80%
3Y*
9.14%
5Y*
10.02%
10Y*
9.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged

BMO Low Volatility US Equity ETF (CAD)

Often compared with ETSX.TO:
ETSX.TO vs. KNGC.TOETSX.TO vs. TQCD.TOETSX.TO vs. TULV.TOETSX.TO vs. HDIV.TOETSX.TO vs. BRKY.NEOETSX.TO vs. TPU.TOETSX.TO vs. XUU.TO
Often compared with ZLU.TO:
ZLU.TO vs. ZSP.TOZLU.TO vs. XMU.TOZLU.TO vs. ZDY.TOZLU.TO vs. ZID.TOZLU.TO vs. XEQT.TOZLU.TO vs. XBAL.TOZLU.TO vs. VGRO.TO

ETSX.TO vs. ZLU.TO - Expense Ratio Comparison

ETSX.TO has a 0.45% expense ratio, which is higher than ZLU.TO's 0.33% expense ratio.

ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)

Return for Risk

ETSX.TO vs. ZLU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETSX.TO
ETSX.TO Risk / Return Rank: 8989
Overall Rank
ETSX.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
ETSX.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ETSX.TO Omega Ratio Rank: 9292
Omega Ratio Rank
ETSX.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
ETSX.TO Martin Ratio Rank: 9090
Martin Ratio Rank
ZLU.TO
ZLU.TO Risk / Return Rank: 1515
Overall Rank
ZLU.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
ZLU.TO Sortino Ratio Rank: 1212
Sortino Ratio Rank
ZLU.TO Omega Ratio Rank: 1313
Omega Ratio Rank
ZLU.TO Calmar Ratio Rank: 1818
Calmar Ratio Rank
ZLU.TO Martin Ratio Rank: 1616
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.

ETSX.TO vs. ZLU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and BMO Low Volatility US Equity ETF (CAD) (ZLU.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.

ETSX.TOZLU.TODifference

Sharpe ratio

Return per unit of total volatility

2.01

0.06

+1.94

Sortino ratio

Return per unit of downside risk

2.72

0.16

+2.56

Omega ratio

Gain probability vs. loss probability

1.41

1.02

+0.38

Calmar ratio

Return relative to maximum drawdown

2.41

0.28

+2.13

Martin ratio

Return relative to average drawdown

11.88

0.54

+11.34

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

ETSX.TO vs. ZLU.TO - Sharpe Ratio Comparison

The current ETSX.TO Sharpe Ratio is 2.01, which is higher than the ZLU.TO Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of ETSX.TO and ZLU.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

ETSX.TOZLU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

0.06

+1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.89

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.34

0.97

+0.37

Correlation

The correlation between ETSX.TO and ZLU.TO is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ETSX.TO vs. ZLU.TO - Dividend Comparison

ETSX.TO's dividend yield for the trailing twelve months is around 8.77%, more than ZLU.TO's 1.77% yield.

TTM20252024202320222021202020192018201720162015
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged		8.77%9.39%9.20%9.92%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)		1.77%1.89%1.89%2.29%1.87%1.69%1.75%1.51%1.81%1.91%2.26%1.73%

Drawdowns

ETSX.TO vs. ZLU.TO - Drawdown Comparison

The maximum ETSX.TO drawdown since its inception was -12.23%, smaller than the maximum ZLU.TO drawdown of -25.49%. Use the drawdown chart below to compare losses from any high point for ETSX.TO and ZLU.TO.

Loading graphics...

Drawdown Indicators

ETSX.TOZLU.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.23%

-25.49%

+13.26%

Max Drawdown (1Y)

Largest decline over 1 year

-9.97%

-8.43%

-1.54%

Max Drawdown (5Y)

Largest decline over 5 years

—

-10.40%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.49%

—

Current Drawdown

Current decline from peak

-4.81%

-4.12%

-0.69%

Average Drawdown

Average peak-to-trough decline

-1.69%

-3.10%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

4.70%

-2.68%

Volatility

ETSX.TO vs. ZLU.TO - Volatility Comparison

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) has a higher volatility of 5.04% compared to BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) at 3.44%. This indicates that ETSX.TO's price experiences larger fluctuations and is considered to be riskier than ZLU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

ETSX.TOZLU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.04%

3.44%

+1.60%

Volatility (6M)

Calculated over the trailing 6-month period

9.12%

8.18%

+0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

13.83%

12.75%

+1.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.75%

11.37%

+0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.75%

13.92%

-2.17%