VS
Franklin Conservative Income ETF Portfolio ETF (CNV) and BMO Conservative ETF (ZCON) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CNV focuses its top 3 sector exposures on Finance, Sovereign, and Technology, while ZCON leans towards Sovereign, Finance, and Municipal. When evaluating costs, CNV features a management fee (MER) of 0.13%, compared to 0.18% for ZCON. Performance-wise, CNV has returned 3.72% year-to-date with +$2 M in net flows, whereas ZCON is at 5.44% with +$50 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
CNV
ZCON
| AuM | $29.78 M | $131.96 M |
| Management Fees | 0.13% | 0.18% |
| Exp. ratio | 0.21% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CNV | -0.85% | -0.21% | +3.72% | +4.05% | - |
ZCON | -0.83% | -0.12% | +5.44% | +5.62% | +40.23% | |
| Flows | CNV | +$0 M | +$1 M | +$2 M | +$3 M | - |
ZCON | +$12 M | +$24 M | +$50 M | +$57 M | +$80 M |
CNV vs ZCON exposure
Countries
CNV
Canada
32.35%
USA
29.51%
Other
21.61%
Other
16.52%
ZCON
Canada
51.72%
USA
33.11%
Other
15.18%
Sectors
CNV
Other
21.61%
Finance
19.54%
Sovereign
10.99%
Technology
8.99%
Other
38.88%
ZCON
Sovereign
22.24%
Finance
16.46%
Municipal
13.04%
Technology
11.92%
Other
36.34%
As of October 22, 2026
Top 10 Holdings
CNV
CA35247P1036
12.17%
US35473P5465
2.00%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.48%
NVIDIA Corp.
1.05%
Apple, Inc.
0.96%
Microsoft Corp.
0.77%
France, OAT 0.75% 25nov2028, EUR
0.72%
Poland, Bonds 5% 25oct2034, PLN (DS1034)
0.62%
Royal Bank of Canada
0.58%
Mexico, Udibonos 4% 30nov2028, UDI
0.56%
ZCON
Canada, Bond 0.5 1oct2030 10Y
7.67%
CMHC, 1.9% 15mar2031, CAD (100)
2.60%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
2.34%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
2.27%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
2.12%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.09%
Canada, Bonds 2.25% 1dec2029, CAD
1.89%
NVIDIA Corp.
1.48%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
1.35%
Apple, Inc.
1.32%
Diversification
CNV
Total weight of top 10 holdings out of 3,578 total
20.90%
ZCON
Total weight of top 10 holdings out of 19,935 total
25.13%
Characteristics
Compare
CNV
ZCON
| Provider | Franklin Templeton | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.02% | 1.77% |
| Meets ESG criteria | No | No |
| Inception Date | June 5, 2024 | February 15, 2019 |
Frequently asked questions about CNV and ZCON
Which ETF has performed better year to date: CNV or ZCON?
As of October 22, 2026, CNV has returned 3.72% year to date, while ZCON has returned 5.44%. ZCON is ahead on YTD performance.
Which ETF is larger by assets under management: CNV or ZCON?
As of October 22, 2026, CNV manages $29.78 M in assets, while ZCON manages $131.96 M. ZCON is the larger fund by AUM.
How are CNV and ZCON managed?
CNV is actively managed by Franklin Templeton. It does not track an index. ZCON is actively managed by BMO. It does not track an index.
What sectors do CNV and ZCON emphasize?
CNV is most exposed to Finance, Sovereign, and Technology. ZCON is most exposed to Sovereign, Finance, and Municipal.
Which ETF is attracting more investor flows: CNV or ZCON?
Year to date, CNV has seen +$2.19 M in net flows, compared with +$49.67 M for ZCON. ZCON has attracted more net investor money so far.
How do the fees of CNV and ZCON compare?
CNV has an expense ratio of 0.21%, while ZCON has an expense ratio of 0.20%.
What are the top holdings of CNV and ZCON?
CNV's largest holdings include USA, Notes 4.375% 15may2036, USD (C-2036) and NVIDIA Corp.. ZCON's top holdings include Canada, Bond 0.5 1oct2030 10Y and CMHC, 1.9% 15mar2031, CAD (100).
Which ETF is more diversified: CNV or ZCON?
CNV holds 3262 securities, while ZCON holds 11677. On holdings count, ZCON is the more diversified portfolio.
Recent articles about CNV and ZCON
Franklin Multi-Asset ETF Portfolios: Diversified Investing for Every Risk Tolerance
Rob Marrocco, Global Head of ETFs for Cboe Global Markets chats with Mike Greenberg, SVP and Global Head of Americas Portfolio Management for Franklin Templeton about the firm’s Multi-Asset ETF Portfolios, highlighting its variety and competitive edge.
Posted on 8/6/2024 by ETF Market Canada inETF Ecosystem
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