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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="ck0001540305-20260813.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_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="ck0001540305-20260813.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_EmergingTechnologiesInvestmentRiskMember_label_en-US" xlink:label="lab_ck0001540305_EmergingTechnologiesInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Emerging Technologies Investment Risk Member</link:label>
    <link:label id="lab_ck0001540305_EmergingTechnologiesInvestmentRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_EmergingTechnologiesInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Emerging Technologies Investment Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_EmergingTechnologiesInvestmentRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_EmergingTechnologiesInvestmentRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_EmergingTechnologiesInvestmentRiskMember" xlink:to="lab_ck0001540305_EmergingTechnologiesInvestmentRiskMember" 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="ck0001540305-20260813.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="ck0001540305-20260813.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_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="ck0001540305-20260813.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_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember_label_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk, Technology Hardware And Equipment Industry Risk Member</link:label>
    <link:label id="lab_ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Concentration Risk, Technology Hardware And Equipment Industry Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember" xlink:to="lab_ck0001540305_ConcentrationRiskTechnologyHardwareAndEquipmentIndustryRiskMember" 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="ck0001540305-20260813.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="ck0001540305-20260813.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="ck0001540305-20260813.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_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember_label_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk, Semiconductors And Semiconductor Equipment Industry Risk Member</link:label>
    <link:label id="lab_ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Concentration Risk, Semiconductors And Semiconductor Equipment Industry Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember" xlink:to="lab_ck0001540305_ConcentrationRiskSemiconductorsAndSemiconductorEquipmentIndustryRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_CollateralSecuritiesRiskMember_label_en-US" xlink:label="lab_ck0001540305_CollateralSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Collateral Securities Risk Member</link:label>
    <link:label id="lab_ck0001540305_CollateralSecuritiesRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_CollateralSecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Collateral Securities Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_CollateralSecuritiesRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_CollateralSecuritiesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_CollateralSecuritiesRiskMember" xlink:to="lab_ck0001540305_CollateralSecuritiesRiskMember" 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="ck0001540305-20260813.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="ck0001540305-20260813.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_PortfolioTurnoverRiskMember_label_en-US" xlink:label="lab_ck0001540305_PortfolioTurnoverRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portfolio Turnover Risk Member</link:label>
    <link:label id="lab_ck0001540305_PortfolioTurnoverRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_PortfolioTurnoverRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Portfolio Turnover Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_PortfolioTurnoverRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_PortfolioTurnoverRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_PortfolioTurnoverRiskMember" xlink:to="lab_ck0001540305_PortfolioTurnoverRiskMember" 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="ck0001540305-20260813.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="ck0001540305-20260813.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_ADRRiskMember_label_en-US" xlink:label="lab_ck0001540305_ADRRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ADR Risk Member</link:label>
    <link:label id="lab_ck0001540305_ADRRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ADRRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ADR Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ADRRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_ADRRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ADRRiskMember" xlink:to="lab_ck0001540305_ADRRiskMember" 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="ck0001540305-20260813.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="ck0001540305-20260813.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="ck0001540305-20260813.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="ck0001540305-20260813.xsd#ck0001540305_DerivativesRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_DerivativesRiskMember" xlink:to="lab_ck0001540305_DerivativesRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_TrackingErrorRiskMember_label_en-US" xlink:label="lab_ck0001540305_TrackingErrorRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tracking Error Risk Member</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_TrackingErrorRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_TrackingErrorRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_TrackingErrorRiskMember" xlink:to="lab_ck0001540305_TrackingErrorRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_DerivativesRiskSwapsCapacityRiskMember_label_en-US" xlink:label="lab_ck0001540305_DerivativesRiskSwapsCapacityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives Risk, Swaps Capacity Risk Member</link:label>
    <link:label id="lab_ck0001540305_DerivativesRiskSwapsCapacityRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_DerivativesRiskSwapsCapacityRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivatives Risk, Swaps Capacity Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_DerivativesRiskSwapsCapacityRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_DerivativesRiskSwapsCapacityRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_DerivativesRiskSwapsCapacityRiskMember" xlink:to="lab_ck0001540305_DerivativesRiskSwapsCapacityRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_S000107094Member_label_en-US" xlink:label="lab_ck0001540305_S000107094Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defiance DRAM &amp; Memory ETF</link:label>
    <link:label id="lab_ck0001540305_S000107094Member_documentation_en-US" xlink:label="lab_ck0001540305_S000107094Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000107094 Defiance DRAM &amp; Memory ETF previously Defiance Pure Play Memory ETF C000277981</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_S000107094Member" xlink:href="ck0001540305-20260813.xsd#ck0001540305_S000107094Member"/>
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    <link:label id="lab_ck0001540305_CurrencyExchangeRateRiskMember_label_en-US" xlink:label="lab_ck0001540305_CurrencyExchangeRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency Exchange Rate Risk Member</link:label>
    <link:label id="lab_ck0001540305_CurrencyExchangeRateRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_CurrencyExchangeRateRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency Exchange Rate Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_CurrencyExchangeRateRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_CurrencyExchangeRateRiskMember"/>
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    <link:label id="lab_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember_label_en-US" xlink:label="lab_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Emerging Markets Risk, Capital Controls And Sanctions Risk Member</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember" xlink:to="lab_ck0001540305_EmergingMarketsRiskCapitalControlsAndSanctionsRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ConcentrationRiskMember_label_en-US" xlink:label="lab_ck0001540305_ConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk Member</link:label>
    <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>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ConcentrationRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_ConcentrationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ConcentrationRiskMember" xlink:to="lab_ck0001540305_ConcentrationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_SectorRiskMember_label_en-US" xlink:label="lab_ck0001540305_SectorRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sector Risk Member</link:label>
    <link:label id="lab_ck0001540305_SectorRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_SectorRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sector Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_SectorRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_SectorRiskMember"/>
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    <link:label id="lab_ck0001540305_SectorRiskInformationTechnologySectorRiskMember_label_en-US" xlink:label="lab_ck0001540305_SectorRiskInformationTechnologySectorRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sector Risk, Information Technology Sector Risk Member</link:label>
    <link:label id="lab_ck0001540305_SectorRiskInformationTechnologySectorRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_SectorRiskInformationTechnologySectorRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sector Risk, Information Technology Sector Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_SectorRiskInformationTechnologySectorRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_SectorRiskInformationTechnologySectorRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_SectorRiskInformationTechnologySectorRiskMember" xlink:to="lab_ck0001540305_SectorRiskInformationTechnologySectorRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember_label_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk, Mid-Capitalization Investing Risk Member</link:label>
    <link:label id="lab_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Capitalization Risk, Mid-Capitalization Investing Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember" xlink:to="lab_ck0001540305_MarketCapitalizationRiskMidCapitalizationInvestingRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember_label_en-US" xlink:label="lab_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Shares May Trade At Prices Other Than NAV Risk Member</link:label>
    <link:label id="lab_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Shares May Trade At Prices Other Than NAV Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember" xlink:to="lab_ck0001540305_ETFRisksSharesMayTradeAtPricesOtherThanNAVRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_label_en-US" xlink:label="lab_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ETF Risks, Authorized Participants, Market Makers, And Liquidity Providers Concentration Risk Member</link:label>
    <link:label id="lab_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ETF Risks, Authorized Participants, Market Makers, And Liquidity Providers Concentration Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:to="lab_ck0001540305_ETFRisksAuthorizedParticipantsMarketMakersAndLiquidityProvidersConcentrationRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_C000277981Member_label_en-US" xlink:label="lab_ck0001540305_C000277981Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defiance DRAM &amp; Memory ETF Class</link:label>
    <link:label id="lab_ck0001540305_C000277981Member_documentation_en-US" xlink:label="lab_ck0001540305_C000277981Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">S000107094 Defiance DRAM &amp; Memory ETF previously Defiance Pure Play Memory ETF C000277981</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_C000277981Member" xlink:href="ck0001540305-20260813.xsd#ck0001540305_C000277981Member"/>
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    <link:label id="lab_ck0001540305_GeographicInvestmentRiskMember_label_en-US" xlink:label="lab_ck0001540305_GeographicInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographic Investment Risk Member</link:label>
    <link:label id="lab_ck0001540305_GeographicInvestmentRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_GeographicInvestmentRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Investment Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_GeographicInvestmentRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_GeographicInvestmentRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ck0001540305_GeographicInvestmentRiskMember" xlink:to="lab_ck0001540305_GeographicInvestmentRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ck0001540305_NewFundRiskMember_label_en-US" xlink:label="lab_ck0001540305_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:label id="lab_ck0001540305_NewFundRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_NewFundRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Fund Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_NewFundRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_NewFundRiskMember"/>
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    <link:label id="lab_ck0001540305_GeographicInvestmentRiskRisksOfInvestingInSouthKoreaRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_GeographicInvestmentRiskRisksOfInvestingInSouthKoreaRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic Investment Risk, Risks Of Investing In South Korea Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_GeographicInvestmentRiskRisksOfInvestingInSouthKoreaRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_GeographicInvestmentRiskRisksOfInvestingInSouthKoreaRiskMember"/>
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    <link:label id="lab_ck0001540305_CybersecurityRiskMember_label_en-US" xlink:label="lab_ck0001540305_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cybersecurity Risk Member</link:label>
    <link:label id="lab_ck0001540305_CybersecurityRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_CybersecurityRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cybersecurity Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_CybersecurityRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_CybersecurityRiskMember"/>
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    <link:label id="lab_ck0001540305_CounterpartyRiskMember_label_en-US" xlink:label="lab_ck0001540305_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Risk Member</link:label>
    <link:label id="lab_ck0001540305_CounterpartyRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Counterparty Risk Member</link:label>
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    <link:label id="lab_ck0001540305_EquityMarketRiskMember_label_en-US" xlink:label="lab_ck0001540305_EquityMarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Market Risk Member</link:label>
    <link:label id="lab_ck0001540305_EquityMarketRiskMember_documentation_en-US" xlink:label="lab_ck0001540305_EquityMarketRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Market Risk Member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ck0001540305_EquityMarketRiskMember" xlink:href="ck0001540305-20260813.xsd#ck0001540305_EquityMarketRiskMember"/>
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