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Compare Harvest Low Volatility Canadian Equity ETF (HVOL) vs BMO Low Volatility Canadian Equity ETF (ZLB) to find the best fit for your portfolio. HVOL provides Financials, Energy, and Utilities exposures, while ZLB is primarily weighted in Financials, Utilities, and Consumer Staples. When evaluating costs, HVOL features a management fee (MER) of 0.35%, compared to 0.35% for ZLB. Performance-wise, HVOL has returned 5.83% year-to-date with +$2 M in net flows, whereas ZLB is at 2.56% with +$166 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
HVOL
ZLB
| AuM | $7.04 M | $5,964.27 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.35% | 0.39% |
| Tracking Difference | - | - |
Historical performance and flows
As of April 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | HVOL | +4.51% | +3.61% | +5.83% | +21.81% | - |
ZLB | +2.64% | +1.77% | +2.56% | +19.91% | +47.58% | |
| Flows | HVOL | +$1 M | +$0 M | +$2 M | +$5 M | - |
ZLB | +$59 M | +$84 M | +$166 M | +$630 M | +$1,356 M |
HVOL vs ZLB exposure
Countries
HVOL
Canada
93.10%
ZLB
Canada
98.76%
Sectors
HVOL
Financials
36.90%
Energy
13.00%
Other
10.00%
Industrials
8.00%
Utilities
8.00%
Materials
7.80%
Other
16.30%
ZLB
Financials
22.74%
Utilities
17.75%
Consumer Staples
17.26%
Communication Services
9.91%
Other
8.17%
Materials
7.09%
Other
17.08%
As of April 23, 2026
Top 10 Holdings
HVOL
TORONTO DOMINION
4.10%
BNS
4.00%
NATIONAL BANK OF CANADA
4.00%
CANADIAN PACIFIC RAILWAY
4.00%
BANK OF MONTREAL
3.90%
CDN IMPERIAL BK
3.90%
ROYAL BK CANADA
3.90%
FORTIS
3.50%
TC ENERGY CORP
3.30%
ENBRIDGE
3.30%
ZLB
LOBLAW COMPANIES
4.81%
FORTIS
4.19%
QUEBECOR SUB VOTING
4.16%
HYDRO ONE
4.15%
METRO
3.78%
EMPIRE
3.74%
EMERA
3.58%
GREAT WEST LIFECO
3.30%
CANADIAN UTILITIES
3.08%
GEORGE WESTON
2.88%
Diversification
HVOL
Total weight of top 10 holdings out of 37 total
37.90%
ZLB
Total weight of top 10 holdings out of 52 total
37.67%
Characteristics
Compare
HVOL
ZLB
| Provider | Harvest Portfolios Group | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.82% | 1.89% |
| Meets ESG criteria | No | No |
| Inception Date | April 15, 2025 | October 27, 2011 |
Frequently asked questions about HVOL and ZLB
Which ETF has performed better year to date: HVOL or ZLB?
As of April 23, 2026, HVOL has returned 5.83% year to date, while ZLB has returned 2.56%. HVOL is ahead on YTD performance.
Which ETF is larger by assets under management: HVOL or ZLB?
As of April 23, 2026, HVOL manages $7.04 M in assets, while ZLB manages $5.96 B. ZLB is the larger fund by AUM.
How are HVOL and ZLB managed?
HVOL is actively managed by Harvest Portfolios Group. It does not track an index. ZLB is actively managed by BMO. It does not track an index.
What sectors do HVOL and ZLB emphasize?
HVOL is most exposed to Financials, Energy, and Utilities. ZLB is most exposed to Financials, Utilities, and Consumer Staples.
Which ETF is attracting more investor flows: HVOL or ZLB?
Year to date, HVOL has seen +$1.82 M in net flows, compared with +$165.87 M for ZLB. ZLB has attracted more net investor money so far.
How do the fees of HVOL and ZLB compare?
HVOL has an expense ratio of 0.35%, while ZLB has an expense ratio of 0.39%.
What are the top holdings of HVOL and ZLB?
HVOL's largest holdings include TORONTO DOMINION, BNS, and NATIONAL BANK OF CANADA. ZLB's top holdings include LOBLAW COMPANIES and FORTIS.
Which ETF is more diversified: HVOL or ZLB?
HVOL holds 37 securities, while ZLB holds 48. On holdings count, ZLB is the more diversified portfolio.
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