VS
Franklin U.S. Low Volatility High Dividend Index ETF (CA) (FLVU) and First Trust Morningstar Dividend Leaders ETF (FDL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FLVU focuses its top 3 sector exposures on Utilities, Finance, and Consumer Non-Cyclicals, while FDL leans towards Consumer Non-Cyclicals, Finance, and Utilities. When evaluating costs, FLVU features a management fee (MER) of 0.12%, compared to 0.15% for FDL. Performance-wise, FLVU has returned 13.4% year-to-date with +$10 M in net flows, whereas FDL is at 20.44% with +$1 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
FLVU
FDL
| AuM | $27.80 M | $12.82 M |
| Management Fees | 0.12% | 0.15% |
| Exp. ratio | 0.15% | 0.59% |
| Tracking Difference | 2.81% | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLVU | -2.55% | +5.39% | +13.40% | +11.33% | - |
FDL | +2.40% | +6.93% | +20.44% | +21.55% | +60.61% | |
| Flows | FLVU | +$0 M | +$2 M | +$10 M | +$12 M | - |
FDL | +$0 M | +$0 M | +$1 M | +$1 M | -$2 M |
FLVU vs FDL exposure
Countries
FLVU
USA
97.95%
FDL
USA
93.05%
Sectors
FLVU
Utilities
24.17%
Finance
24.10%
Consumer Non-Cyclicals
20.04%
Energy
7.23%
Other
24.46%
FDL
Consumer Non-Cyclicals
23.44%
Finance
13.86%
Utilities
13.53%
Healthcare
12.35%
Energy
12.26%
Telecommunications
10.78%
Other
13.78%
As of September 2, 2026
Top 10 Holdings
FLVU
Johnson & Johnson
2.75%
Kimberly-Clark Corp.
2.70%
The Coca-Cola Co.
2.65%
U.S. Bancorp
2.64%
Altria Group, Inc.
2.63%
Procter & Gamble Co.
2.44%
Verizon Communications, Inc.
2.42%
Chevron Corp.
2.40%
The Home Depot, Inc.
2.30%
Lockheed Martin Corp.
2.27%
FDL
Chevron Corp.
8.49%
Verizon Communications, Inc.
7.67%
Pfizer Inc.
6.28%
Philip Morris International, Inc.
5.91%
PepsiCo, Inc.
4.67%
Altria Group, Inc.
3.97%
Bristol Myers Squibb Co.
3.59%
Comcast Corp.
3.11%
United Parcel Service, Inc.
2.77%
Blackstone, Inc.
2.55%
Diversification
FLVU
Total weight of top 10 holdings out of 113 total
25.21%
FDL
Total weight of top 10 holdings out of 100 total
49.01%
Characteristics
Compare
FLVU
FDL
| Provider | Franklin Templeton | First Trust |
| Management | Passively managed | Passively managed |
| Benchmark | Franklin Low Volatility High Dividend Index NTR - CAD | Morningstar Dividend Leaders Total Return Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.35% | 3.10% |
| Meets ESG criteria | No | No |
| Inception Date | March 28, 2024 | September 29, 2016 |
Frequently asked questions about FLVU and FDL
Which ETF has performed better year to date: FLVU or FDL?
As of September 2, 2026, FLVU has returned 13.40% year to date, while FDL has returned 20.44%. FDL is ahead on YTD performance.
Which ETF is larger by assets under management: FLVU or FDL?
As of September 2, 2026, FLVU manages $27.80 M in assets, while FDL manages $12.82 M. FLVU is the larger fund by AUM.
How are FLVU and FDL managed?
FLVU is passively managed by Franklin Templeton. It tracks the Franklin Low Volatility High Dividend Index NTR - CAD benchmark. FDL is passively managed by First Trust. It tracks the Morningstar Dividend Leaders Total Return Index - USD benchmark.
What sectors do FLVU and FDL emphasize?
FLVU is most exposed to Utilities, Finance, and Consumer Non-Cyclicals. FDL is most exposed to Consumer Non-Cyclicals, Finance, and Utilities.
Which ETF is attracting more investor flows: FLVU or FDL?
Year to date, FLVU has seen +$9.70 M in net flows, compared with +$0.80 M for FDL. FLVU has attracted more net investor money so far.
How do the fees of FLVU and FDL compare?
FLVU has an expense ratio of 0.15%, while FDL has an expense ratio of 0.59%.
What are the top holdings of FLVU and FDL?
FLVU's largest holdings include Johnson & Johnson, Kimberly-Clark Corp., and The Coca-Cola Co.. FDL's top holdings include Chevron Corp., Verizon Communications, Inc., and Pfizer Inc..
Which ETF is more diversified: FLVU or FDL?
FLVU holds 113 securities, while FDL holds 99. On holdings count, FLVU is the more diversified portfolio.
Recent articles about FLVU and FDL
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