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SMVP.TO vs. ZLU.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SMVP.TO vs. ZLU.TO

Last updated Apr 1, 2026

Compare and contrast key facts about HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) and BMO Low Volatility US Equity ETF (CAD) (ZLU.TO).

SMVP.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. SMVP.TO is a passively managed fund by Hamilton Capital that tracks the performance of the Solactive United States Dividend Elite Champions Index. It was launched on Jan 24, 2025. ZLU.TO is an actively managed fund by BMO. It was launched on Mar 19, 2013.

Performance

SMVP.TO vs. ZLU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) and BMO Low Volatility US Equity ETF (CAD) (ZLU.TO). The values are adjusted to include any dividend payments, if applicable.

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

2026 (YTD)2025
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)		5.52%1.65%
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)		7.06%-0.85%

Returns By Period

In the year-to-date period, SMVP.TO achieves a 5.52% return, which is significantly lower than ZLU.TO's 7.06% return.

SMVP.TO

1D
0.71%
1M
-4.91%
YTD
5.52%
6M
6.41%
1Y
7.41%
3Y*
—
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.

HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)

BMO Low Volatility US Equity ETF (CAD)

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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

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

SMVP.TO has a 0.00% expense ratio, which is lower than ZLU.TO's 0.33% expense ratio.

ZLU.TO
BMO Low Volatility US Equity ETF (CAD)
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMVP.TO
SMVP.TO Risk / Return Rank: 3232
Overall Rank
SMVP.TO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
SMVP.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
SMVP.TO Omega Ratio Rank: 2929
Omega Ratio Rank
SMVP.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
SMVP.TO Martin Ratio Rank: 3838
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.

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

This table presents a comparison of risk-adjusted performance metrics for HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.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.

SMVP.TOZLU.TODifference

Sharpe ratio

Return per unit of total volatility

0.54

0.06

+0.48

Sortino ratio

Return per unit of downside risk

0.85

0.16

+0.69

Omega ratio

Gain probability vs. loss probability

1.12

1.02

+0.09

Calmar ratio

Return relative to maximum drawdown

0.86

0.28

+0.58

Martin ratio

Return relative to average drawdown

3.47

0.54

+2.93

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

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

The current SMVP.TO Sharpe Ratio is 0.54, which is higher than the ZLU.TO Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of SMVP.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.

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Sharpe Ratios by Period

SMVP.TOZLU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.54

0.06

+0.48

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

0.46

0.97

-0.51

Correlation

The correlation between SMVP.TO and ZLU.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SMVP.TO vs. ZLU.TO - Dividend Comparison

SMVP.TO's dividend yield for the trailing twelve months is around 1.94%, more than ZLU.TO's 1.77% yield.

TTM20252024202320222021202020192018201720162015
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged)		1.94%1.93%0.00%0.00%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

SMVP.TO vs. ZLU.TO - Drawdown Comparison

The maximum SMVP.TO drawdown since its inception was -12.11%, smaller than the maximum ZLU.TO drawdown of -25.49%. Use the drawdown chart below to compare losses from any high point for SMVP.TO and ZLU.TO.

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Drawdown Indicators

SMVP.TOZLU.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.11%

-25.49%

+13.38%

Max Drawdown (1Y)

Largest decline over 1 year

-10.23%

-8.43%

-1.80%

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

-4.97%

-4.12%

-0.85%

Average Drawdown

Average peak-to-trough decline

-2.27%

-3.10%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

4.70%

-2.11%

Volatility

SMVP.TO vs. ZLU.TO - Volatility Comparison

HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD Hedged) (SMVP.TO) and BMO Low Volatility US Equity ETF (CAD) (ZLU.TO) have volatilities of 3.28% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMVP.TOZLU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.28%

3.44%

-0.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.16%

8.18%

-1.02%

Volatility (1Y)

Calculated over the trailing 1-year period

13.76%

12.75%

+1.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.50%

11.37%

+2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.50%

13.92%

-0.42%