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<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_ck0001540305_ETFRisksCashRedemptionRiskMember_label_en-US" xlink:label="lab_ck0001540305_ETFRisksCashRedemptionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Cash Redemption Risk Member</link:label>
    <link:label id="lab_ck0001540305_ETFRisksCashRedemptionRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ETFRisksCashRedemptionRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Cash Redemption Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksCashRedemptionRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ETFRisksCashRedemptionRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ETFRisksCashRedemptionRiskMember" xlink:to="lab_ck0001540305_ETFRisksCashRedemptionRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_IssuerSpecificRiskMember_label_en-US" xlink:label="lab_ck0001540305_IssuerSpecificRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuer-Specific Risk Member</link:label>
    <link:label id="lab_ck0001540305_IssuerSpecificRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_IssuerSpecificRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issuer-Specific Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_IssuerSpecificRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_IssuerSpecificRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_IssuerSpecificRiskMember" xlink:to="lab_ck0001540305_IssuerSpecificRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_DerivativesRiskSwapAgreementsRiskMember_label_en-US" xlink:label="lab_ck0001540305_DerivativesRiskSwapAgreementsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives Risk, Swap Agreements Risk Member</link:label>
    <link:label id="lab_ck0001540305_DerivativesRiskSwapAgreementsRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_DerivativesRiskSwapAgreementsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivatives Risk, Swap Agreements Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_DerivativesRiskSwapAgreementsRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_DerivativesRiskSwapAgreementsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_DerivativesRiskSwapAgreementsRiskMember" xlink:to="lab_ck0001540305_DerivativesRiskSwapAgreementsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskMember_label_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk Member</link:label>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_MarketCapitalizationRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_MarketCapitalizationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_MarketCapitalizationRiskMember" xlink:to="lab_ck0001540305_MarketCapitalizationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember_label_en-US" xlink:label="lab_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Emerging Markets Risk, Geopolitical Risk Member</link:label>
    <link:label id="lab_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Emerging Markets Risk, Geopolitical Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember" xlink:to="lab_ck0001540305_EmergingMarketsRiskGeopoliticalRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember_label_en-US" xlink:label="lab_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sector Risk, Consumer Cyclical Sector Risk Member</link:label>
    <link:label id="lab_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sector Risk, Consumer Cyclical Sector Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember" xlink:to="lab_ck0001540305_SectorRiskConsumerCyclicalSectorRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_EmergingMarketsRiskMember_label_en-US" xlink:label="lab_ck0001540305_EmergingMarketsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Emerging Markets Risk Member</link:label>
    <link:label id="lab_ck0001540305_EmergingMarketsRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_EmergingMarketsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Emerging Markets Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_EmergingMarketsRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_EmergingMarketsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_EmergingMarketsRiskMember" xlink:to="lab_ck0001540305_EmergingMarketsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_PassiveInvestmentRiskMember_label_en-US" xlink:label="lab_ck0001540305_PassiveInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Passive Investment Risk Member</link:label>
    <link:label id="lab_ck0001540305_PassiveInvestmentRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_PassiveInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Passive Investment Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_PassiveInvestmentRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_PassiveInvestmentRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_PassiveInvestmentRiskMember" xlink:to="lab_ck0001540305_PassiveInvestmentRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember_label_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk, Small-Capitalization Investing Risk Member</link:label>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk, Small-Capitalization Investing Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember" xlink:to="lab_ck0001540305_MarketCapitalizationRiskSmallCapitalizationInvestingRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ETFRisksTradingRiskMember_label_en-US" xlink:label="lab_ck0001540305_ETFRisksTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Trading Risk Member</link:label>
    <link:label id="lab_ck0001540305_ETFRisksTradingRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ETFRisksTradingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Trading Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksTradingRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ETFRisksTradingRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ETFRisksTradingRiskMember" xlink:to="lab_ck0001540305_ETFRisksTradingRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_S000107536Member_label_en-US" xlink:label="lab_ck0001540305_S000107536Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defiance China Robotics ETF</link:label>
    <link:label id="lab_ck0001540305_S000107536Member_documentation_en-US" xlink:label="lab_ck0001540305_S000107536Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000107536 Defiance China Robotics ETF C000278454</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_S000107536Member" xlink:href="ck0001540305-20260810.xsd#ck0001540305_S000107536Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_S000107536Member" xlink:to="lab_ck0001540305_S000107536Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ETFRisksMember_label_en-US" xlink:label="lab_ck0001540305_ETFRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks Member</link:label>
    <link:label id="lab_ck0001540305_ETFRisksMember_documentation_en-US" xlink:label="lab_ck0001540305_ETFRisksMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ETFRisksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ETFRisksMember" xlink:to="lab_ck0001540305_ETFRisksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_TaxRiskMember_label_en-US" xlink:label="lab_ck0001540305_TaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Risk Member</link:label>
    <link:label id="lab_ck0001540305_TaxRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_TaxRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_TaxRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_TaxRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_TaxRiskMember" xlink:to="lab_ck0001540305_TaxRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ForeignSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001540305_ForeignSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Securities Risk Member</link:label>
    <link:label id="lab_ck0001540305_ForeignSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ForeignSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ForeignSecuritiesRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ForeignSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ForeignSecuritiesRiskMember" xlink:to="lab_ck0001540305_ForeignSecuritiesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_IndexMethodologyRiskMember_label_en-US" xlink:label="lab_ck0001540305_IndexMethodologyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Index Methodology Risk Member</link:label>
    <link:label id="lab_ck0001540305_IndexMethodologyRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_IndexMethodologyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Index Methodology Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_IndexMethodologyRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_IndexMethodologyRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_IndexMethodologyRiskMember" xlink:to="lab_ck0001540305_IndexMethodologyRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember_label_en-US" xlink:label="lab_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Investment Risk, China And Hong Kong-Specific Risk Member</link:label>
    <link:label id="lab_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Investment Risk, China And Hong Kong-Specific Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember" xlink:to="lab_ck0001540305_GeographicInvestmentRiskChinaAndHongKongSpecificRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember_label_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk, Commercial And Industrial Electric Products Industry Group Risk Member</link:label>
    <link:label id="lab_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Concentration Risk, Commercial And Industrial Electric Products Industry Group Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember" xlink:to="lab_ck0001540305_ConcentrationRiskCommercialAndIndustrialElectricProductsIndustryGroupRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember_label_en-US" xlink:label="lab_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Costs Of Buying Or Selling Shares Risk Member</link:label>
    <link:label id="lab_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Costs Of Buying Or Selling Shares Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember" xlink:to="lab_ck0001540305_ETFRisksCostsOfBuyingOrSellingSharesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_IndexProviderRiskMember_label_en-US" xlink:label="lab_ck0001540305_IndexProviderRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Index Provider Risk Member</link:label>
    <link:label id="lab_ck0001540305_IndexProviderRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_IndexProviderRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Index Provider Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_IndexProviderRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_IndexProviderRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_IndexProviderRiskMember" xlink:to="lab_ck0001540305_IndexProviderRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember_label_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk, Large-Capitalization Investing Risk Member</link:label>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk, Large-Capitalization Investing Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember" xlink:to="lab_ck0001540305_MarketCapitalizationRiskLargeCapitalizationInvestingRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_DerivativesRiskMember_label_en-US" xlink:label="lab_ck0001540305_DerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives Risk Member</link:label>
    <link:label id="lab_ck0001540305_DerivativesRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_DerivativesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivatives Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_DerivativesRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_DerivativesRiskMember"/>
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    <link:label id="lab_ck0001540305_TrackingErrorRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_TrackingErrorRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tracking Error Risk Member</link:label>
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    <link:label id="lab_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Emerging Markets Risk, Capital Controls And Sanctions Risk Member</link:label>
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    <link:label id="lab_ck0001540305_ConcentrationRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Concentration Risk Member</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember" xlink:href="ck0001540305-20260810.xsd#ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember"/>
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    <link:label id="lab_ck0001540305_ChinaASharesRiskMember_label_en-US" xlink:label="lab_ck0001540305_ChinaASharesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">China A-Shares Risk Member</link:label>
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