ZCLN.TO vs. ZLB.TO
Compare and contrast key facts about BMO Clean Energy Index ETF (ZCLN.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).
ZCLN.TO and ZLB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZCLN.TO is a passively managed fund by BMO that tracks the performance of the S&P Global Clean Energy Index. It was launched on Jan 26, 2021. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Performance
ZCLN.TO vs. ZLB.TO - Performance Comparison
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ZCLN.TO vs. ZLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ZCLN.TO BMO Clean Energy Index ETF | 12.59% | 37.90% | -20.23% | -20.37% | 1.41% | -34.06% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.42% | 20.31% | 15.20% | 9.29% | -0.46% | 22.27% |
Returns By Period
In the year-to-date period, ZCLN.TO achieves a 12.59% return, which is significantly higher than ZLB.TO's 1.42% return.
ZCLN.TO
- 1D
- 3.39%
- 1M
- 2.58%
- YTD
- 12.59%
- 6M
- 16.82%
- 1Y
- 55.63%
- 3Y*
- -0.61%
- 5Y*
- -2.35%
- 10Y*
- —
ZLB.TO
- 1D
- 1.23%
- 1M
- -2.74%
- YTD
- 1.42%
- 6M
- 2.74%
- 1Y
- 15.44%
- 3Y*
- 12.86%
- 5Y*
- 11.57%
- 10Y*
- 10.13%
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ZCLN.TO vs. ZLB.TO - Expense Ratio Comparison
Both ZCLN.TO and ZLB.TO have an expense ratio of 0.39%.
Return for Risk
ZCLN.TO vs. ZLB.TO — Risk / Return Rank
ZCLN.TO
ZLB.TO
ZCLN.TO vs. ZLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Clean Energy Index ETF (ZCLN.TO) 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.
| ZCLN.TO | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.48 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.77 | 1.99 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 4.23 | 2.57 | +1.66 |
Martin ratioReturn relative to average drawdown | 11.99 | 8.71 | +3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZCLN.TO | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.48 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 1.22 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 1.12 | -1.41 |
Correlation
The correlation between ZCLN.TO and ZLB.TO is 0.38, 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
ZCLN.TO vs. ZLB.TO - Dividend Comparison
ZCLN.TO's dividend yield for the trailing twelve months is around 1.52%, less than ZLB.TO's 1.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZCLN.TO BMO Clean Energy Index ETF | 1.52% | 1.71% | 2.13% | 1.37% | 0.93% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZLB.TO BMO Low Volatility Canadian Equity ETF | 1.92% | 1.93% | 2.28% | 2.56% | 2.56% | 2.29% | 2.72% | 2.34% | 2.65% | 2.42% | 2.82% | 2.25% |
Drawdowns
ZCLN.TO vs. ZLB.TO - Drawdown Comparison
The maximum ZCLN.TO drawdown since its inception was -61.07%, which is greater than ZLB.TO's maximum drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for ZCLN.TO and ZLB.TO.
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Drawdown Indicators
| ZCLN.TO | ZLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -33.96% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -6.53% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -50.26% | -13.04% | -37.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.96% | — |
Current DrawdownCurrent decline from peak | -34.06% | -3.08% | -30.98% |
Average DrawdownAverage peak-to-trough decline | -40.99% | -2.51% | -38.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 1.93% | +2.64% |
Volatility
ZCLN.TO vs. ZLB.TO - Volatility Comparison
BMO Clean Energy Index ETF (ZCLN.TO) has a higher volatility of 10.35% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 3.64%. This indicates that ZCLN.TO'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
| ZCLN.TO | ZLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 3.64% | +6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 7.64% | +13.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.67% | 10.52% | +16.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.78% | 9.57% | +16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 12.19% | +14.75% |