ZLB-CA
BMO Low Volatility Canadian Equity ETF
BMO Low Volatility Canadian Equity ETF seeks to provide exposure to the performance of a portfolio of Canadian equities that have lower sensitivity to market movements with the potential for long-term capital appreciation
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$3.9 B
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | BMO |
| Category | Canadian |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2011 |
| Assets (mns) | $3,852 |
| Expense ratio | 40 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Canadian Mutual Fund Trust (ON) |
| Distributions | Quarterly |
| Taxation | |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| LOBLAW COMPANIES LTD | 4.1 % |
| METRO INC -A | 4.1 % |
| WASTE CONNECTIONS, INC. | 3.4 % |
| HYDRO ONE LTD. | 3.3 % |
| EMPIRE CO LTD 'A' | 3.2 % |
| THOMSON REUTERS CORPORATION | 3.1 % |
| TMX GROUP INC | 3.0 % |
| FORTIS INC | 3.0 % |
| WESTON (GEORGE) LTD | 2.7 % |
| INTACT FINANCIAL CORP | 2.6 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 239 |
| Wgt avg mkt cap (mns) | $28,007 |
| Large cap (>$10bn) | 67.0% |
| Mid cap ($2-10bn) | 33.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
CANADA | 97.5 % |
 |
BERMUDA | 1.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.4% | 19.0% | 11.1% | 9.6% | 9.1% | 9.4% | 12.2% | Volatility | 10.8% | 11.5% | 10.9% | 11.9% | 13.3% | 10.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.46 | 63% |
| MSCI EAFE | 0.49 | 72% |
| MSCI Emg Mkts | 0.36 | 38% |
Liquidity Measures
| Avg. volume (000) | 43 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $3,136 |
Technical Indicators
| Recent close | $47.57 |
| 30d moving avg. | $48.59 |
| Annualized volatility | 10.1% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ZLB-CA |
Expenses vs. ZLB-CA |
ALTAR Score™ vs. ZLB-CA |
|---|---|---|---|---|
| CDZ-CA | iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 35.9% | +29 bp | +1.8% |
| XIU-CA | iShares S&P/TSX 60 Index ETF | 34.4% | -22 bp | +0.3% |
| VCE-CA | Vanguard FTSE Canada Index ETF | 33.8% | -34 bp | +0.3% |
| ZCN-CA | BMO S&P/TSX Capped Composite Index ETF | 33.8% | -34 bp | +0.4% |
| XIC-CA | iShares Core S&P/TSX Capped Composite Index ETF | 33.7% | -34 bp | +0.4% |
| QCN-CA | Mackenzie Canadian Equity Index ETF | 32.9% | -35 bp | +0.5% |
| XCSR-CA | iShares ESG Advanced MSCI Canada Index ETF | 32.7% | -22 bp | 0.0% |
| VCN-CA | Vanguard FTSE Canada All Cap Index ETF | 32.4% | -35 bp | +0.3% |
| TTP-CA | TD Canadian Equity Index ETF | 32.3% | -34 bp | +0.3% |
| XDV-CA | iShares Canadian Select Dividend Index ETF | 25.9% | +16 bp | +2.6% |
Risk and Returns: ZLB-CA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ZLB-CA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ZLB-CA
6.4%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 19 funds in the Canadian Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
1.6%. ZLB-CA's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places ZLB-CA in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ZLB-CASELL
U/W
HOLD
O/W
BUY