VS
When evaluating costs, FCUL features a management fee (MER) of 0.35%, compared to 0.35% for ZLB. Performance-wise, FCUL has returned 14.45% year-to-date with +$859 M in net flows, whereas ZLB is at 8.42% with +$45 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
FCUL
ZLB
| AuM | $2,390.79 M | $6,119.77 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.39% | 0.39% |
| Tracking Difference | -0.69% | - |
Historical performance and flows
As of October 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FCUL | +5.08% | +4.76% | +14.45% | +11.00% | +55.52% |
ZLB | +3.38% | +0.50% | +8.42% | +12.53% | +71.47% | |
| Flows | FCUL | +$71 M | +$186 M | +$859 M | +$1,076 M | +$1,997 M |
ZLB | -$142 M | -$144 M | +$45 M | +$196 M | +$1,084 M |
FCUL vs ZLB exposure
Countries
FCUL
Exposure data will be available soon
ZLB
Canada
96.08%
Sectors
FCUL
Exposure data will be available soon
ZLB
Finance
31.88%
Consumer Non-Cyclicals
18.18%
Utilities
16.73%
Telecommunications
8.77%
Other
24.44%
As of October 22, 2026
Top 10 Holdings
FCUL
Exposure data will be available soon
ZLB
Great-West Lifeco, Inc.
4.41%
Fortis, Inc.
4.24%
Quebecor, Inc.
3.82%
Loblaw Cos. Ltd.
3.75%
Hydro One Ltd.
3.73%
Emera, Inc.
3.48%
Empire Co. Ltd.
3.48%
Intact Financial Corp.
3.30%
TMX Group Ltd.
3.21%
Metro, Inc.
3.15%
Diversification
FCUL
Exposure data will be available soon
ZLB
Total weight of top 10 holdings out of 52 total
36.57%
Characteristics
Compare
FCUL
ZLB
| Provider | Fidelity | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Fidelity Canada U.S. Low Volatility GTR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.40% | 1.81% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2019 | October 27, 2011 |
Frequently asked questions about FCUL and ZLB
Which ETF has performed better year to date: FCUL or ZLB?
As of October 22, 2026, FCUL has returned 14.45% year to date, while ZLB has returned 8.42%. FCUL is ahead on YTD performance.
Which ETF is larger by assets under management: FCUL or ZLB?
As of October 22, 2026, FCUL manages $2.39 B in assets, while ZLB manages $6.12 B. ZLB is the larger fund by AUM.
How are FCUL and ZLB managed?
FCUL is passively managed by Fidelity. It tracks the Fidelity Canada U.S. Low Volatility GTR Index - CAD benchmark. ZLB is actively managed by BMO. It does not track an index.
Which ETF is attracting more investor flows: FCUL or ZLB?
Year to date, FCUL has seen +$859.17 M in net flows, compared with +$45.32 M for ZLB. FCUL has attracted more net investor money so far.
How do the fees of FCUL and ZLB compare?
FCUL has an expense ratio of 0.39%, while ZLB has an expense ratio of 0.39%.
Recent articles about FCUL and ZLB
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