VS
Fidelity Long/Short Alternative Fund (FLSA) and BMO Market+ Low Volatility Global Equity ETF (ZMLG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FLSA focuses its top 3 sector exposures on Industrials, Financials, and Information Technology, while ZMLG leans towards Information Technology, Financials, and Industrials. When evaluating costs, FLSA features a management fee (MER) of 1.15%, compared to 0.4% for ZMLG. 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
FLSA
ZMLG
| AuM | $238.77 M | $1.56 M |
| Management Fees | 1.15% | 0.40% |
| Exp. ratio | 1.46% | 0.40% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLSA | -0.39% | +3.02% | +2.99% | +10.04% | - |
ZMLG | +1.59% | +8.24% | - | - | - | |
| Flows | FLSA | +$3 M | -$4 M | +$20 M | +$6 M | - |
ZMLG | +$0 M | +$0 M | - | - | - |
FLSA vs ZMLG exposure
Countries
FLSA
USA
50.76%
Canada
28.84%
Other
14.52%
ZMLG
USA
65.74%
Other
34.26%
Sectors
FLSA
Industrials
15.81%
Other
14.52%
Financials
14.20%
Information Technology
12.29%
Communication Services
9.09%
Consumer Discretionary
7.79%
Other
26.30%
ZMLG
Information Technology
23.74%
Financials
12.68%
Industrials
10.74%
Communication Services
10.37%
Consumer Discretionary
8.16%
Health Care
8.16%
Other
26.16%
As of June 11, 2026
Top 10 Holdings
FLSA
ALPHABET INC-CL
4.09%
ROYAL BK CANADA
3.35%
MICROSOFT-T
3.21%
TORONTO DOMINION
3.16%
FRANCO NEVADA
3.03%
RESTAURANT BRANDS INTL
2.93%
AGNICO EAGLE MINES LTD
2.91%
DOLLAR TREE
2.80%
AMAZON.COM INC
2.52%
CATERPILLAR
2.51%
ZMLG
APPLE
6.23%
MICROSOFT-T
3.52%
ALPHABET INC-CL
3.39%
AMAZON.COM INC
2.81%
META PLATFORMS
2.68%
NVIDIA
2.24%
WALMART INC
2.12%
DEUTSCHE TELEKOM AG
1.88%
ANALOG DEVICES
1.67%
PHILLIP MORRIS
1.60%
Diversification
FLSA
Total weight of top 10 holdings out of 77 total
30.50%
ZMLG
Total weight of top 10 holdings out of 119 total
28.13%
Characteristics
Frequently asked questions about FLSA and ZMLG
Which ETF is larger by assets under management: FLSA or ZMLG?
As of June 11, 2026, FLSA manages $238.77 M in assets, while ZMLG manages $1.56 M. FLSA is the larger fund by AUM.
How are FLSA and ZMLG managed?
FLSA is actively managed by Fidelity. It does not track an index. ZMLG is actively managed by BMO. It does not track an index.
What sectors do FLSA and ZMLG emphasize?
FLSA is most exposed to Industrials, Financials, and Information Technology. ZMLG is most exposed to Information Technology, Financials, and Industrials.
How do the fees of FLSA and ZMLG compare?
FLSA has an expense ratio of 1.46%, while ZMLG has an expense ratio of 0.40%.
What are the top holdings of FLSA and ZMLG?
FLSA's largest holdings include ALPHABET INC-CL, ROYAL BK CANADA, and MICROSOFT-T. ZMLG's top holdings include APPLE and MICROSOFT-T.
Which ETF is more diversified: FLSA or ZMLG?
FLSA holds 77 securities, while ZMLG holds 112. On holdings count, ZMLG is the more diversified portfolio.
Recent articles about FLSA and ZMLG
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.