VS
iShares US Dividend Growers Index ETF (CUD) and BMO Low Volatility US Equity ETF (ZLU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CUD focuses its top 3 sector exposures on Finance, Consumer Non-Cyclicals, and Industrials, while ZLU leans towards Utilities, Healthcare, and Finance. When evaluating costs, CUD features a management fee (MER) of 0.6%, compared to 0.3% for ZLU. Performance-wise, CUD has returned 9.42% year-to-date with -$25 M in net flows, whereas ZLU is at 11.97% with +$76 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
CUD
ZLU
| AuM | $233.75 M | $2,481.01 M |
| Management Fees | 0.60% | 0.30% |
| Exp. ratio | 0.66% | 0.33% |
| Tracking Difference | -1.20% | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CUD | -3.30% | +1.14% | +9.42% | +8.14% | +28.07% |
ZLU | -2.04% | +0.74% | +11.97% | +11.27% | +45.73% | |
| Flows | CUD | -$5 M | -$9 M | -$25 M | -$36 M | -$167 M |
ZLU | -$13 M | +$77 M | +$76 M | +$59 M | +$380 M |
CUD vs ZLU exposure
Countries
CUD
USA
93.14%
ZLU
USA
96.74%
Sectors
CUD
Finance
17.15%
Consumer Non-Cyclicals
14.91%
Industrials
13.89%
Utilities
13.75%
Technology
7.99%
Non-Energy Materials
7.91%
Other
24.40%
ZLU
Utilities
19.49%
Healthcare
18.18%
Finance
15.93%
Consumer Non-Cyclicals
12.79%
Technology
12.17%
Industrials
7.69%
Other
13.74%
As of September 11, 2026
Top 10 Holdings
CUD
Verizon Communications, Inc.
2.27%
Realty Income Corp.
2.16%
Automatic Data Processing, Inc.
1.76%
Kenvue, Inc.
1.72%
Kimberly-Clark Corp.
1.70%
Target Corp.
1.66%
AbbVie, Inc.
1.61%
Edison International
1.48%
Chevron Corp.
1.44%
Texas Instruments Incorporated
1.41%
ZLU
Johnson & Johnson
2.95%
Cencora, Inc.
2.82%
Teledyne Technologies, Inc.
2.70%
Cisco Systems, Inc.
2.38%
Cboe Global Markets, Inc.
2.24%
Corning, Inc.
2.21%
Consolidated Edison, Inc.
2.04%
Northrop Grumman Corp.
2.02%
Motorola Solutions, Inc.
1.97%
CME Group, Inc.
1.94%
Diversification
CUD
Total weight of top 10 holdings out of 155 total
17.20%
ZLU
Total weight of top 10 holdings out of 101 total
23.28%
Characteristics
Compare
CUD
ZLU
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | S&P High Yield Dividend Aristocrats CAD Hedged Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.88% | 1.70% |
| Meets ESG criteria | No | No |
| Inception Date | September 13, 2011 | March 27, 2013 |
Frequently asked questions about CUD and ZLU
Which ETF has performed better year to date: CUD or ZLU?
As of September 11, 2026, CUD has returned 9.42% year to date, while ZLU has returned 11.97%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: CUD or ZLU?
As of September 11, 2026, CUD manages $233.75 M in assets, while ZLU manages $2.48 B. ZLU is the larger fund by AUM.
How are CUD and ZLU managed?
CUD is passively managed by iShares. It tracks the S&P High Yield Dividend Aristocrats CAD Hedged Total Return Index - CAD benchmark. ZLU is actively managed by BMO. It does not track an index.
What sectors do CUD and ZLU emphasize?
CUD is most exposed to Finance, Consumer Non-Cyclicals, and Industrials. ZLU is most exposed to Utilities, Healthcare, and Finance.
Which ETF is attracting more investor flows: CUD or ZLU?
Year to date, CUD has seen -$24.79 M in net flows, compared with +$76.14 M for ZLU. ZLU has attracted more net investor money so far.
How do the fees of CUD and ZLU compare?
CUD has an expense ratio of 0.66%, while ZLU has an expense ratio of 0.33%.
What are the top holdings of CUD and ZLU?
CUD's largest holdings include Verizon Communications, Inc., Realty Income Corp., and Automatic Data Processing, Inc.. ZLU's top holdings include Johnson & Johnson, Cencora, Inc., and Teledyne Technologies, Inc..
Which ETF is more diversified: CUD or ZLU?
CUD holds 155 securities, while ZLU holds 101. On holdings count, CUD is the more diversified portfolio.
Recent articles about CUD and ZLU
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