ZTL.NEO vs. ZLB.TO
Compare and contrast key facts about BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) and BMO Low Volatility Canadian Equity ETF (ZLB.TO).
ZTL.NEO 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. ZTL.NEO is a passively managed fund by BMO that tracks the performance of the Bloomberg U.S. Treasury 20+ Year Index. It was launched on Feb 28, 2017. ZLB.TO is an actively managed fund by BMO. It was launched on Oct 21, 2011.
Performance
ZTL.NEO vs. ZLB.TO - Performance Comparison
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ZTL.NEO vs. ZLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 1.49% | -0.43% | -0.21% | 0.46% | -26.25% | -5.72% | 14.95% | 8.69% | 6.67% | 2.82% |
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% | 7.42% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ZTL.NEO having a 1.49% return and ZLB.TO slightly lower at 1.42%.
ZTL.NEO
- 1D
- -0.11%
- 1M
- -2.12%
- YTD
- 1.49%
- 6M
- -0.84%
- 1Y
- -3.56%
- 3Y*
- -1.80%
- 5Y*
- -3.96%
- 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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ZTL.NEO vs. ZLB.TO - Expense Ratio Comparison
ZTL.NEO has a 0.23% expense ratio, which is lower than ZLB.TO's 0.39% expense ratio.
Return for Risk
ZTL.NEO vs. ZLB.TO — Risk / Return Rank
ZTL.NEO
ZLB.TO
ZTL.NEO vs. ZLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) 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.
| ZTL.NEO | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 1.48 | -1.78 |
Sortino ratioReturn per unit of downside risk | -0.33 | 1.99 | -2.32 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.57 | -2.75 |
Martin ratioReturn relative to average drawdown | -0.32 | 8.71 | -9.03 |
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
| ZTL.NEO | ZLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 1.48 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 1.22 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 1.12 | -1.15 |
Correlation
The correlation between ZTL.NEO and ZLB.TO is 0.02, 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
ZTL.NEO vs. ZLB.TO - Dividend Comparison
ZTL.NEO's dividend yield for the trailing twelve months is around 3.15%, more than ZLB.TO's 1.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 3.15% | 3.15% | 3.07% | 3.55% | 3.44% | 2.46% | 2.26% | 2.55% | 2.75% | 2.82% | 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
ZTL.NEO vs. ZLB.TO - Drawdown Comparison
The maximum ZTL.NEO drawdown since its inception was -49.55%, 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 ZTL.NEO and ZLB.TO.
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Drawdown Indicators
| ZTL.NEO | ZLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -33.96% | -15.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -6.53% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -39.89% | -13.04% | -26.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.96% | — |
Current DrawdownCurrent decline from peak | -40.71% | -3.08% | -37.63% |
Average DrawdownAverage peak-to-trough decline | -23.40% | -2.51% | -20.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 1.93% | +4.81% |
Volatility
ZTL.NEO vs. ZLB.TO - Volatility Comparison
The current volatility for BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) is 3.22%, while BMO Low Volatility Canadian Equity ETF (ZLB.TO) has a volatility of 3.64%. This indicates that ZTL.NEO experiences smaller price fluctuations and is considered to be less risky 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
| ZTL.NEO | ZLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.64% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 7.64% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 10.52% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 9.57% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 12.19% | +3.75% |