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 Finance, Utilities, and Consumer Non-Cyclicals, while FDL leans towards Consumer Non-Cyclicals, Utilities, and Finance. When evaluating costs, FLVU features a management fee (MER) of 0.12%, compared to 0.15% for FDL. Performance-wise, FLVU has returned 18.66% year-to-date with +$13 M in net flows, whereas FDL is at 22.4% 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 | $32.87 M | $12.91 M |
| Management Fees | 0.12% | 0.15% |
| Exp. ratio | 0.15% | 0.59% |
| Tracking Difference | 3.01% | - |
Historical performance and flows
As of November 5, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLVU | +7.47% | +2.86% | +18.66% | +16.99% | - |
FDL | +9.60% | +4.63% | +22.40% | +28.76% | +69.73% | |
| Flows | FLVU | +$2 M | +$4 M | +$13 M | +$15 M | - |
FDL | +$0 M | +$0 M | +$1 M | +$1 M | -$1 M |
FLVU vs FDL exposure
Countries
FLVU
USA
95.89%
FDL
USA
91.33%
Other
8.67%
Sectors
FLVU
Finance
23.80%
Utilities
23.37%
Consumer Non-Cyclicals
19.55%
Other
33.28%
FDL
Consumer Non-Cyclicals
24.06%
Utilities
14.48%
Finance
12.91%
Healthcare
12.09%
Energy
11.19%
Telecommunications
9.92%
Other
15.35%
As of November 5, 2026
Top 10 Holdings
FLVU
Johnson & Johnson
3.02%
The Coca-Cola Co.
2.98%
Verizon Communications, Inc.
2.84%
Chevron Corp.
2.76%
Altria Group, Inc.
2.67%
U.S. Bancorp
2.65%
Procter & Gamble Co.
2.61%
Kimberly-Clark Corp.
2.58%
PepsiCo, Inc.
2.54%
McDonald's Corp.
2.39%
FDL
Chevron Corp.
8.96%
Verizon Communications, Inc.
7.32%
Pfizer Inc.
6.58%
Philip Morris International, Inc.
6.40%
PepsiCo, Inc.
5.01%
Altria Group, Inc.
4.67%
Bristol Myers Squibb Co.
3.21%
Accenture Plc
3.08%
United Parcel Service, Inc.
3.05%
Comcast Corp.
2.60%
Diversification
FLVU
Total weight of top 10 holdings out of 114 total
27.04%
FDL
Total weight of top 10 holdings out of 99 total
50.88%
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) | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.25% | 3.28% |
| 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 November 5, 2026, FLVU has returned 18.66% year to date, while FDL has returned 22.40%. FDL is ahead on YTD performance.
Which ETF is larger by assets under management: FLVU or FDL?
As of November 5, 2026, FLVU manages $32.87 M in assets, while FDL manages $12.91 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 Finance, Utilities, and Consumer Non-Cyclicals. FDL is most exposed to Consumer Non-Cyclicals, Utilities, and Finance.
Which ETF is attracting more investor flows: FLVU or FDL?
Year to date, FLVU has seen +$13.44 M in net flows, compared with +$0.81 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, The Coca-Cola Co., and Verizon Communications, Inc.. FDL's top holdings include Chevron Corp., Verizon Communications, Inc., and Pfizer Inc..
Which ETF is more diversified: FLVU or FDL?
FLVU holds 114 securities, while FDL holds 98. On holdings count, FLVU is the more diversified portfolio.
Recent articles about FLVU and FDL
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