ZLB.TO vs. BTC-USD
ZLB.TO (BMO Low Volatility Canadian Equity ETF) is Canada Equities fund actively managed by BMO, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ZLB.TO returned 10.38%/yr vs 59.61%/yr for BTC-USD. At a 0.07 correlation, their price movements are largely independent.
Performance
ZLB.TO vs. BTC-USD - Performance Comparison
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Different Trading Currencies
ZLB.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZLB.TO achieves a 8.10% return, which is significantly higher than BTC-USD's -23.36% return. Over the past 10 years, ZLB.TO has underperformed BTC-USD with an annualized return of 10.38%, while BTC-USD has yielded a comparatively higher 59.61% annualized return.
ZLB.TO
- 1D
- -0.56%
- 1M
- 1.61%
- 6M
- 6.81%
- YTD
- 8.10%
- 1Y
- 13.29%
- 3Y*
- 15.10%
- 5Y*
- 11.48%
- 10Y*
- 10.38%
- ALL TIME*
- 12.64%
BTC-USD
- 1D
- 2.39%
- 1M
- 2.31%
- 6M
- -28.62%
- YTD
- -23.36%
- 1Y
- -43.35%
- 3Y*
- 32.59%
- 5Y*
- 17.66%
- 10Y*
- 59.61%
- ALL TIME*
- 93.60%
ZLB.TO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZLB.TO BMO Low Volatility Canadian Equity ETF | 8.10% | 20.40% | 15.31% | 9.41% | -0.35% | 22.93% | 1.51% | 21.92% | -2.76% | 11.11% |
BTC-USD Bitcoin | -23.36% | -10.55% | 140.73% | 147.36% | -61.80% | 59.32% | 294.97% | 86.10% | -72.52% | 1,313.27% |
Correlation
The correlation between ZLB.TO and BTC-USD is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2012 | 0.07 |
The correlation between ZLB.TO and BTC-USD shifts across timeframes, from -0.02 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZLB.TO vs. BTC-USD — Risk / Return Rank
ZLB.TO
BTC-USD
ZLB.TO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility Canadian Equity ETF (ZLB.TO) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZLB.TO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.83 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | -0.83 | +3.18 |
| Martin ratioReturn relative to average drawdown | 6.87 | -1.28 | +8.15 |
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Drawdowns
ZLB.TO vs. BTC-USD - Drawdown Comparison
The maximum ZLB.TO drawdown since its inception was -33.96%, smaller than the maximum BTC-USD drawdown of -83.48%. Use the drawdown chart below to compare losses from any high point for ZLB.TO and BTC-USD.
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Drawdown Indicators
| ZLB.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -83.48% | +49.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -52.26% | +46.59% |
Max Drawdown (3Y)Largest decline over 3 years | -8.01% | -52.26% | +44.25% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -74.94% | +61.94% |
Max Drawdown (10Y)Largest decline over 10 years | -33.96% | -82.60% | +48.64% |
Current DrawdownCurrent decline from peak | -0.75% | -47.27% | +46.52% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -40.26% | +37.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 28.77% | -26.83% |
Volatility
ZLB.TO vs. BTC-USD - Volatility Comparison
The current volatility for BMO Low Volatility Canadian Equity ETF (ZLB.TO) is 2.21%, while Bitcoin (BTC-USD) has a volatility of 9.42%. This indicates that ZLB.TO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZLB.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 9.42% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.69% | 33.41% | -26.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 35.30% | -25.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.64% | 45.07% | -35.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.22% | 56.15% | -43.93% |
Frequently Asked Questions
ZLB.TO and BTC-USD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ZLB.TO and BTC-USD
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