TILV.TO vs. ZLI.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Q International Low Volatility ETF (TILV.TO) and BMO Low Volatility International Equity ETF (ZLI.TO).

TILV.TO and ZLI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TILV.TO is an actively managed fund by TD. It was launched on May 7, 2019. ZLI.TO is an actively managed fund by BMO. It was launched on Sep 2, 2015.

Performance

TILV.TO vs. ZLI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Q International Low Volatility ETF (TILV.TO) and BMO Low Volatility International Equity ETF (ZLI.TO). The values are adjusted to include any dividend payments, if applicable.

TILV.TO vs. ZLI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TILV.TO TD Q International Low Volatility ETF	9.13%	19.69%	13.19%	8.85%	-4.94%	14.06%	-5.88%	4.32%
ZLI.TO BMO Low Volatility International Equity ETF	2.60%	12.93%	11.92%	9.08%	-9.81%	6.78%	-0.89%	3.26%

Returns By Period

In the year-to-date period, TILV.TO achieves a 9.13% return, which is significantly higher than ZLI.TO's 2.60% return.

TILV.TO

• 1D: 1.91%
• 1M: -2.20%
• YTD: 9.13%
• 6M: 11.75%
• 1Y: 18.26%
• 3Y*: 15.30%
• 5Y*: 11.23%
• 10Y*: —

ZLI.TO

• 1D: 1.81%
• 1M: -5.09%
• YTD: 2.60%
• 6M: 1.49%
• 1Y: 6.89%
• 3Y*: 10.15%
• 5Y*: 6.50%
• 10Y*: 5.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TILV.TO vs. ZLI.TO - Expense Ratio Comparison

Both TILV.TO and ZLI.TO have an expense ratio of 0.40%.

TILV.TO

TD Q International Low Volatility ETF

ZLI.TO

BMO Low Volatility International Equity ETF

Return for Risk

TILV.TO vs. ZLI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TILV.TO

TILV.TO Risk / Return Rank: 81
TILV.TO Sharpe Ratio Rank: 81
TILV.TO Sortino Ratio Rank: 81
TILV.TO Omega Ratio Rank: 78
TILV.TO Calmar Ratio Rank: 82
TILV.TO Martin Ratio Rank: 82

ZLI.TO

ZLI.TO Risk / Return Rank: 30
ZLI.TO Sharpe Ratio Rank: 31
ZLI.TO Sortino Ratio Rank: 30
ZLI.TO Omega Ratio Rank: 29
ZLI.TO Calmar Ratio Rank: 31
ZLI.TO Martin Ratio Rank: 29

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.

TILV.TO vs. ZLI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Q International Low Volatility ETF (TILV.TO) and BMO Low Volatility International Equity ETF (ZLI.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.

	TILV.TO	ZLI.TO	Difference
Sharpe ratio Return per unit of total volatility	1.59	0.58	+1.01
Sortino ratio Return per unit of downside risk	2.14	0.87	+1.27
Omega ratio Gain probability vs. loss probability	1.31	1.12	+0.19
Calmar ratio Return relative to maximum drawdown	2.42	0.78	+1.65
Martin ratio Return relative to average drawdown	9.39	2.50	+6.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TILV.TO vs. ZLI.TO - Sharpe Ratio Comparison

The current TILV.TO Sharpe Ratio is 1.59, which is higher than the ZLI.TO Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of TILV.TO and ZLI.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.

Sharpe Ratios by Period

	TILV.TO	ZLI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.58	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	0.61	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.50	+0.20

Correlation

The correlation between TILV.TO and ZLI.TO is 0.44, 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

TILV.TO vs. ZLI.TO - Dividend Comparison

TILV.TO's dividend yield for the trailing twelve months is around 2.89%, more than ZLI.TO's 2.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TILV.TO TD Q International Low Volatility ETF	2.89%	3.08%	3.34%	3.51%	2.81%	2.78%	2.99%	2.10%	0.00%	0.00%	0.00%	0.00%
ZLI.TO BMO Low Volatility International Equity ETF	2.19%	2.24%	2.47%	2.69%	2.86%	2.50%	2.65%	2.35%	2.48%	2.21%	2.49%	0.91%

Drawdowns

TILV.TO vs. ZLI.TO - Drawdown Comparison

The maximum TILV.TO drawdown since its inception was -26.64%, which is greater than ZLI.TO's maximum drawdown of -24.67%. Use the drawdown chart below to compare losses from any high point for TILV.TO and ZLI.TO.

Drawdown Indicators

	TILV.TO	ZLI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-24.67%	-1.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-8.37%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	-16.32%	-24.67%	+8.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.67%	—
Current Drawdown Current decline from peak	-2.20%	-5.09%	+2.89%
Average Drawdown Average peak-to-trough decline	-4.31%	-4.99%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.60%	-0.64%

Volatility

TILV.TO vs. ZLI.TO - Volatility Comparison

TD Q International Low Volatility ETF (TILV.TO) and BMO Low Volatility International Equity ETF (ZLI.TO) have volatilities of 5.49% and 5.34%, 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.

Volatility by Period

	TILV.TO	ZLI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	5.34%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	7.59%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	11.89%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	10.70%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.57%	12.39%	-0.82%