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

ZGI.TO vs. ZLB.TO

Last updated Apr 1, 2026

Compare and contrast key facts about BMO Global Infrastructure Index ETF (ZGI.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).

ZGI.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. ZGI.TO is a passively managed fund by BMO that tracks the performance of the Dow Jones Brookfield Global Infrastructure North American Listed Index. It was launched on Jan 19, 2010. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.

Performance

ZGI.TO vs. ZLB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO Global Infrastructure Index ETF (ZGI.TO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO). The values are adjusted to include any dividend payments, if applicable.

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ZGI.TO vs. ZLB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZGI.TO
BMO Global Infrastructure Index ETF		14.95%0.94%25.35%-0.72%4.48%26.79%-10.51%25.17%-0.82%2.90%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		1.42%20.31%15.20%9.29%-0.46%22.81%1.39%21.80%-2.87%10.96%

Returns By Period

In the year-to-date period, ZGI.TO achieves a 14.95% return, which is significantly higher than ZLB.TO's 1.42% return. Over the past 10 years, ZGI.TO has underperformed ZLB.TO with an annualized return of 9.53%, while ZLB.TO has yielded a comparatively higher 10.13% annualized return.

ZGI.TO

1D
-0.08%
1M
0.81%
YTD
14.95%
6M
9.25%
1Y
8.37%
3Y*
13.12%
5Y*
12.28%
10Y*
9.53%

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%
*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.

BMO Global Infrastructure Index ETF

BMO Low Volatility Canadian Equity ETF

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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

ZGI.TO vs. ZLB.TO - Expense Ratio Comparison

ZGI.TO has a 0.61% expense ratio, which is higher than ZLB.TO's 0.39% expense ratio.

ZGI.TO
BMO Global Infrastructure Index ETF
ZLB.TO
BMO Low Volatility Canadian Equity ETF

Return for Risk

ZGI.TO vs. ZLB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZGI.TO
ZGI.TO Risk / Return Rank: 3131
Overall Rank
ZGI.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
ZGI.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
ZGI.TO Omega Ratio Rank: 2828
Omega Ratio Rank
ZGI.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
ZGI.TO Martin Ratio Rank: 2828
Martin Ratio Rank
ZLB.TO
ZLB.TO Risk / Return Rank: 8282
Overall Rank
ZLB.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
ZLB.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
ZLB.TO Omega Ratio Rank: 8181
Omega Ratio Rank
ZLB.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
ZLB.TO Martin Ratio Rank: 8282
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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO Global Infrastructure Index ETF (ZGI.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.

ZGI.TOZLB.TODifference

Sharpe ratio

Return per unit of total volatility

0.61

1.48

-0.87

Sortino ratio

Return per unit of downside risk

0.89

1.99

-1.11

Omega ratio

Gain probability vs. loss probability

1.12

1.30

-0.18

Calmar ratio

Return relative to maximum drawdown

1.00

2.57

-1.57

Martin ratio

Return relative to average drawdown

2.31

8.71

-6.40

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

ZGI.TO vs. ZLB.TO - Sharpe Ratio Comparison

The current ZGI.TO Sharpe Ratio is 0.61, which is lower than the ZLB.TO Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of ZGI.TO and ZLB.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

ZGI.TOZLB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.61

1.48

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

1.22

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.84

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

1.12

-0.30

Correlation

The correlation between ZGI.TO and ZLB.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

ZGI.TO vs. ZLB.TO - Dividend Comparison

ZGI.TO's dividend yield for the trailing twelve months is around 2.30%, more than ZLB.TO's 1.92% yield.

TTM20252024202320222021202020192018201720162015
ZGI.TO
BMO Global Infrastructure Index ETF		2.30%2.72%2.75%3.25%2.94%2.98%3.66%2.78%2.92%2.53%3.21%2.90%
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

ZGI.TO vs. ZLB.TO - Drawdown Comparison

The maximum ZGI.TO drawdown since its inception was -34.76%, roughly equal to the maximum ZLB.TO drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for ZGI.TO and ZLB.TO.

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Drawdown Indicators

ZGI.TOZLB.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.76%

-33.96%

-0.80%

Max Drawdown (1Y)

Largest decline over 1 year

-10.07%

-6.53%

-3.54%

Max Drawdown (5Y)

Largest decline over 5 years

-16.70%

-13.04%

-3.66%

Max Drawdown (10Y)

Largest decline over 10 years

-34.76%

-33.96%

-0.80%

Current Drawdown

Current decline from peak

-0.26%

-3.08%

+2.82%

Average Drawdown

Average peak-to-trough decline

-4.41%

-2.51%

-1.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.36%

1.93%

+2.43%

Volatility

ZGI.TO vs. ZLB.TO - Volatility Comparison

BMO Global Infrastructure Index ETF (ZGI.TO) has a higher volatility of 3.87% compared to BMO Low Volatility Canadian Equity ETF (ZLB.TO) at 3.64%. This indicates that ZGI.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

ZGI.TOZLB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

3.64%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

8.19%

7.64%

+0.55%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

10.52%

+3.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.03%

9.57%

+3.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.85%

12.19%

+3.66%