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

ZLB.TO vs. TSU.TO

Last updated Jun 14, 2026

ZLB.TO (BMO Low Volatility Canadian Equity ETF) is Canada Equities fund actively managed by BMO, while TSU.TO (Trisura Group Ltd.) is a stock. Over the past 5 years, ZLB.TO returned 11.24%/yr vs 1.34%/yr for TSU.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

ZLB.TO vs. TSU.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, ZLB.TO achieves a 5.69% return, which is significantly higher than TSU.TO's -0.16% return.

ZLB.TO

1D
0.11%
1M
3.64%
YTD
5.69%
6M
2.84%
1Y
13.46%
3Y*
15.21%
5Y*
11.24%
10Y*
10.66%

TSU.TO

1D
0.24%
1M
3.95%
YTD
-0.16%
6M
6.79%
1Y
6.33%
3Y*
4.15%
5Y*
1.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
ZLB.TO
BMO Low Volatility Canadian Equity ETF		5.69%20.40%15.31%9.41%-0.35%22.93%1.51%21.92%-2.76%3.11%
TSU.TO
Trisura Group Ltd.		-0.16%9.59%14.65%-24.93%-5.03%114.17%121.18%54.29%1.32%-3.30%

Correlation

The correlation between ZLB.TO and TSU.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Oct 3, 2017

0.28

The correlation between ZLB.TO and TSU.TO shifts across timeframes, from 0.28 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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BMO Low Volatility Canadian Equity ETF

Trisura Group Ltd.

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. XEG.TO
Often compared with TSU.TO:
TSU.TO vs. SNTSU.TO vs. HGTSU.TO vs. MFC.TOTSU.TO vs. KNSLTSU.TO vs. GSY.TOTSU.TO vs. FNFTSU.TO vs. DFY.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZLB.TO
ZLB.TO Risk / Return Rank: 4848
Overall Rank
ZLB.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
ZLB.TO Sortino Ratio Rank: 4343
Sortino Ratio Rank
ZLB.TO Omega Ratio Rank: 4949
Omega Ratio Rank
ZLB.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
ZLB.TO Martin Ratio Rank: 4848
Martin Ratio Rank
TSU.TO
TSU.TO Risk / Return Rank: 4747
Overall Rank
TSU.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
TSU.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
TSU.TO Omega Ratio Rank: 4343
Omega Ratio Rank
TSU.TO Calmar Ratio Rank: 5050
Calmar Ratio Rank
TSU.TO Martin Ratio Rank: 4949
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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO Low Volatility Canadian Equity ETF (ZLB.TO) and Trisura Group Ltd. (TSU.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.

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.TOTSU.TODifference
Sharpe ratioReturn per unit of total volatility
1.44
0.20

+1.24

Sortino ratioReturn per unit of downside risk
1.96
0.55

+1.41

Omega ratioGain probability vs. loss probability

1.27

1.06

+0.21

Calmar ratioReturn relative to maximum drawdown

2.34

0.31

+2.03

Martin ratioReturn relative to average drawdown

6.85

0.53

+6.31

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

The current ZLB.TO Sharpe Ratio is 1.44, which is higher than the TSU.TO Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of ZLB.TO and TSU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZLB.TO vs. TSU.TO - Drawdown Comparison

The maximum ZLB.TO drawdown since its inception was -33.96%, smaller than the maximum TSU.TO drawdown of -40.06%. Use the drawdown chart below to compare losses from any high point for ZLB.TO and TSU.TO.

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Drawdown Indicators

ZLB.TOTSU.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.96%

-40.06%

+6.10%

Max Drawdown (1Y)

Largest decline over 1 year

-5.67%

-18.33%

+12.66%

Max Drawdown (3Y)

Largest decline over 3 years

-8.01%

-31.85%

+23.84%

Max Drawdown (5Y)

Largest decline over 5 years

-13.00%

-40.06%

+27.06%

Max Drawdown (10Y)

Largest decline over 10 years

-33.96%

—

—

Current Drawdown

Current decline from peak

0.00%

-14.05%

+14.05%

Average Drawdown

Average peak-to-trough decline

-2.49%

-14.34%

+11.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

10.44%

-8.51%

Volatility

ZLB.TO vs. TSU.TO - Volatility Comparison

The current volatility for BMO Low Volatility Canadian Equity ETF (ZLB.TO) is 2.63%, while Trisura Group Ltd. (TSU.TO) has a volatility of 4.11%. This indicates that ZLB.TO experiences smaller price fluctuations and is considered to be less risky than TSU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZLB.TOTSU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

4.11%

-1.48%

Volatility (6M)

Calculated over the trailing 6-month period

7.60%

21.80%

-14.20%

Volatility (1Y)

Calculated over the trailing 1-year period

9.26%

27.85%

-18.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.62%

33.08%

-23.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.22%

33.66%

-21.44%

Dividends

ZLB.TO vs. TSU.TO - Dividend Comparison

ZLB.TO's dividend yield for the trailing twelve months is around 1.88%, while TSU.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
TSU.TO
Trisura Group Ltd.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZLB.TO
BMO Low Volatility Canadian Equity ETF		1.88%1.99%2.37%2.67%2.66%2.39%2.83%2.44%2.76%2.55%2.94%2.34%

Frequently Asked Questions

ZLB.TO and TSU.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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