VS
Compare BMO Low Volatility Canadian Equity ETF (ZLB) vs TD Q Canadian Low Volatility ETF (TCLV) to find the best fit for your portfolio. ZLB and TCLV provide the same top sector exposures: Finance, Consumer Non-Cyclicals, and Utilities. When evaluating costs, ZLB features a management fee (MER) of 0.35%, compared to 0.3% for TCLV. Performance-wise, ZLB has returned 8.94% year-to-date with +$39 M in net flows, whereas TCLV is at 11.91% with +$33 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
ZLB
TCLV
| AuM | $6,142.98 M | $126.63 M |
| Management Fees | 0.35% | 0.30% |
| Exp. ratio | 0.39% | 0.34% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLB | +6.23% | +0.52% | +8.94% | +14.07% | +64.39% |
TCLV | +7.93% | +1.94% | +11.91% | +18.13% | +68.90% | |
| Flows | ZLB | -$116 M | -$163 M | +$39 M | +$190 M | +$1,065 M |
TCLV | -$1 M | -$0 M | +$33 M | +$43 M | +$74 M |
ZLB vs TCLV exposure
Countries
ZLB
Canada
96.25%
TCLV
Canada
97.64%
Sectors
ZLB
Finance
31.84%
Consumer Non-Cyclicals
19.03%
Utilities
16.61%
Telecommunications
8.25%
Other
24.27%
TCLV
Finance
31.01%
Consumer Non-Cyclicals
17.02%
Utilities
13.31%
Energy
12.13%
Other
26.54%
As of November 3, 2026
Top 10 Holdings
ZLB
Great-West Lifeco, Inc.
4.54%
Fortis, Inc.
4.29%
Loblaw Cos. Ltd.
3.97%
Quebecor, Inc.
3.85%
Hydro One Ltd.
3.67%
Empire Co. Ltd.
3.58%
Emera, Inc.
3.49%
Metro, Inc.
3.31%
CCL Industries, Inc.
3.25%
TMX Group Ltd.
3.17%
TCLV
Loblaw Cos. Ltd.
5.09%
The Toronto-Dominion Bank
5.07%
Fortis, Inc.
4.97%
Intact Financial Corp.
3.71%
Hydro One Ltd.
3.70%
Great-West Lifeco, Inc.
3.56%
Dollarama, Inc.
3.52%
Royal Bank of Canada
3.42%
Alimentation Couche-Tard, Inc.
3.28%
Metro, Inc.
3.20%
Diversification
ZLB
Total weight of top 10 holdings out of 53 total
37.11%
TCLV
Total weight of top 10 holdings out of 56 total
39.52%
Characteristics
Compare
ZLB
TCLV
| Provider | BMO | TD Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.80% | 1.49% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | June 2, 2020 |
Frequently asked questions about ZLB and TCLV
Which ETF has performed better year to date: ZLB or TCLV?
As of November 3, 2026, ZLB has returned 8.94% year to date, while TCLV has returned 11.91%. TCLV is ahead on YTD performance.
Which ETF is larger by assets under management: ZLB or TCLV?
As of November 3, 2026, ZLB manages $6.14 B in assets, while TCLV manages $126.63 M. ZLB is the larger fund by AUM.
How are ZLB and TCLV managed?
ZLB is actively managed by BMO. It does not track an index. TCLV is actively managed by TD Asset Management. It does not track an index.
What sectors do ZLB and TCLV emphasize?
ZLB is most exposed to Finance, Consumer Non-Cyclicals, and Utilities. TCLV is most exposed to Finance, Consumer Non-Cyclicals, and Utilities.
Which ETF is attracting more investor flows: ZLB or TCLV?
Year to date, ZLB has seen +$39.18 M in net flows, compared with +$33.44 M for TCLV. ZLB has attracted more net investor money so far.
How do the fees of ZLB and TCLV compare?
ZLB has an expense ratio of 0.39%, while TCLV has an expense ratio of 0.34%.
What are the top holdings of ZLB and TCLV?
ZLB's largest holdings include Great-West Lifeco, Inc., Fortis, Inc., and Loblaw Cos. Ltd.. TCLV's top holdings include Loblaw Cos. Ltd., The Toronto-Dominion Bank, and Fortis, Inc..
Which ETF is more diversified: ZLB or TCLV?
ZLB holds 53 securities, while TCLV holds 56. On holdings count, TCLV is the more diversified portfolio.
Recent articles about ZLB and TCLV
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.