VS
Franklin U.S. Low Volatility High Dividend Index ETF (CA) (FLVU) and CI Invesco S&P 500 Low Volatility Index ETF (ULV.U) 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 ULV.U leans towards Finance, Utilities, and Industrials. When evaluating costs, FLVU features a management fee (MER) of 0.12%, compared to 0.3% for ULV.U. Performance-wise, FLVU has returned 18.66% year-to-date with +$13 M in net flows, whereas ULV.U is at 9.9% 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
ULV.U
| AuM | $32.87 M | $5.34 M |
| Management Fees | 0.12% | 0.30% |
| Exp. ratio | 0.15% | 0.31% |
| Tracking Difference | 3.01% | -0.95% |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLVU | +7.47% | +2.86% | +18.66% | +16.99% | - |
ULV.U | +9.14% | +1.56% | +9.90% | +12.01% | +36.30% | |
| Flows | FLVU | +$2 M | +$4 M | +$13 M | +$15 M | - |
ULV.U | +$0 M | +$0 M | -$1 M | -$2 M | -$1 M |
FLVU vs ULV.U exposure
Countries
FLVU
USA
95.89%
ULV.U
USA
95.88%
Sectors
FLVU
Finance
23.80%
Utilities
23.37%
Consumer Non-Cyclicals
19.55%
Other
33.28%
ULV.U
Finance
41.08%
Utilities
26.23%
Industrials
9.25%
Consumer Non-Cyclicals
7.83%
Other
15.61%
As of November 2, 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%
ULV.U
US46138E3541
99.94%
Diversification
FLVU
Total weight of top 10 holdings out of 114 total
27.04%
ULV.U
Total weight of top 10 holdings out of 100 total
99.94%
Characteristics
Compare
FLVU
ULV.U
| Provider | Franklin Templeton | CI |
| Management | Passively managed | Passively managed |
| Benchmark | Franklin Low Volatility High Dividend Index NTR - CAD | S&P 500 Low Volatility Total Return Index - USD |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.25% | 1.47% |
| Meets ESG criteria | No | No |
| Inception Date | March 28, 2024 | January 31, 2017 |
Frequently asked questions about FLVU and ULV.U
Which ETF has performed better year to date: FLVU or ULV.U?
As of November 2, 2026, FLVU has returned 18.66% year to date, while ULV.U has returned 9.90%. FLVU is ahead on YTD performance.
Which ETF is larger by assets under management: FLVU or ULV.U?
As of November 2, 2026, FLVU manages $32.87 M in assets, while ULV.U manages $5.34 M. FLVU is the larger fund by AUM.
How are FLVU and ULV.U managed?
FLVU is passively managed by Franklin Templeton. It tracks the Franklin Low Volatility High Dividend Index NTR - CAD benchmark. ULV.U is passively managed by CI. It tracks the S&P 500 Low Volatility Total Return Index - USD benchmark.
Which ETF is more diversified: FLVU or ULV.U?
FLVU holds 114 securities, while ULV.U holds 1. On holdings count, FLVU is the more diversified portfolio.
Which ETF is attracting more investor flows: FLVU or ULV.U?
Year to date, FLVU has seen +$13.44 M in net flows, compared with -$1.13 M for ULV.U. FLVU has attracted more net investor money so far.
How do the fees of FLVU and ULV.U compare?
FLVU has an expense ratio of 0.15%, while ULV.U has an expense ratio of 0.31%.
What sectors do FLVU and ULV.U emphasize?
FLVU is most exposed to Finance, Utilities, and Consumer Non-Cyclicals. ULV.U is most exposed to Finance, Utilities, and Industrials.
Recent articles about FLVU and ULV.U
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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.