VS
Franklin U.S. Low Volatility High Dividend Index ETF (CA) (FLVU) and BMO Low Volatility US Equity ETF (ZLU) 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 ZLU leans towards Utilities, Healthcare, and Finance. When evaluating costs, FLVU features a management fee (MER) of 0.12%, compared to 0.3% for ZLU. Performance-wise, FLVU has returned 13.4% year-to-date with +$10 M in net flows, whereas ZLU is at 13.83% with +$79 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
ZLU
| AuM | $27.80 M | $2,525.31 M |
| Management Fees | 0.12% | 0.30% |
| Exp. ratio | 0.15% | 0.33% |
| 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% | - |
ZLU | -1.11% | +3.86% | +13.83% | +15.55% | +48.48% | |
| Flows | FLVU | +$0 M | +$2 M | +$10 M | +$12 M | - |
ZLU | +$7 M | +$93 M | +$79 M | +$79 M | +$383 M |
FLVU vs ZLU exposure
Countries
FLVU
USA
97.95%
ZLU
USA
96.74%
Sectors
FLVU
Utilities
24.17%
Finance
24.10%
Consumer Non-Cyclicals
20.04%
Energy
7.23%
Other
24.46%
ZLU
Utilities
19.49%
Healthcare
18.18%
Finance
15.93%
Consumer Non-Cyclicals
12.79%
Technology
12.17%
Industrials
7.69%
Other
13.74%
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%
ZLU
Johnson & Johnson
2.95%
Cencora, Inc.
2.82%
Teledyne Technologies, Inc.
2.70%
Cisco Systems, Inc.
2.38%
Cboe Global Markets, Inc.
2.24%
Corning, Inc.
2.21%
Consolidated Edison, Inc.
2.04%
Northrop Grumman Corp.
2.02%
Motorola Solutions, Inc.
1.97%
CME Group, Inc.
1.94%
Diversification
FLVU
Total weight of top 10 holdings out of 113 total
25.21%
ZLU
Total weight of top 10 holdings out of 101 total
23.28%
Characteristics
Compare
FLVU
ZLU
| Provider | Franklin Templeton | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | Franklin Low Volatility High Dividend Index NTR - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.35% | 1.67% |
| Meets ESG criteria | No | No |
| Inception Date | March 28, 2024 | March 27, 2013 |
Frequently asked questions about FLVU and ZLU
Which ETF has performed better year to date: FLVU or ZLU?
As of September 2, 2026, FLVU has returned 13.40% year to date, while ZLU has returned 13.83%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: FLVU or ZLU?
As of September 2, 2026, FLVU manages $27.80 M in assets, while ZLU manages $2.53 B. ZLU is the larger fund by AUM.
How are FLVU and ZLU managed?
FLVU is passively managed by Franklin Templeton. It tracks the Franklin Low Volatility High Dividend Index NTR - CAD benchmark. ZLU is actively managed by BMO. It does not track an index.
What sectors do FLVU and ZLU emphasize?
FLVU is most exposed to Utilities, Finance, and Consumer Non-Cyclicals. ZLU is most exposed to Utilities, Healthcare, and Finance.
Which ETF is attracting more investor flows: FLVU or ZLU?
Year to date, FLVU has seen +$9.70 M in net flows, compared with +$79.41 M for ZLU. ZLU has attracted more net investor money so far.
How do the fees of FLVU and ZLU compare?
FLVU has an expense ratio of 0.15%, while ZLU has an expense ratio of 0.33%.
What are the top holdings of FLVU and ZLU?
FLVU's largest holdings include Johnson & Johnson, Kimberly-Clark Corp., and The Coca-Cola Co.. ZLU's top holdings include Johnson & Johnson, Cencora, Inc., and Teledyne Technologies, Inc..
Which ETF is more diversified: FLVU or ZLU?
FLVU holds 113 securities, while ZLU holds 101. On holdings count, FLVU is the more diversified portfolio.
Recent articles about FLVU and ZLU
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