VS
Franklin U.S. Low Volatility High Dividend Index ETF (CA) (FLVU) and BMO Low Volatility US Equity ETF (ZLU.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 ZLU.U leans towards Healthcare, Utilities, and Finance. When evaluating costs, FLVU features a management fee (MER) of 0.12%, compared to 0.3% for ZLU.U. Performance-wise, FLVU has returned 18.66% year-to-date with +$13 M in net flows, whereas ZLU.U is at 14.71% with -$49 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.U
| AuM | $32.87 M | $108.73 M |
| Management Fees | 0.12% | 0.30% |
| Exp. ratio | 0.15% | 0.33% |
| Tracking Difference | 3.01% | - |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLVU | +7.47% | +2.86% | +18.66% | +16.99% | - |
ZLU.U | +7.02% | +1.91% | +14.71% | +17.28% | +49.79% | |
| Flows | FLVU | +$2 M | +$4 M | +$13 M | +$15 M | - |
ZLU.U | -$17 M | -$47 M | -$49 M | -$47 M | -$24 M |
FLVU vs ZLU.U exposure
Countries
FLVU
USA
95.89%
ZLU.U
USA
96.96%
Sectors
FLVU
Finance
23.80%
Utilities
23.37%
Consumer Non-Cyclicals
19.55%
Other
33.28%
ZLU.U
Healthcare
19.83%
Utilities
18.35%
Finance
15.29%
Consumer Non-Cyclicals
12.48%
Technology
12.08%
Industrials
7.46%
Other
14.52%
As of November 6, 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%
ZLU.U
Johnson & Johnson
3.24%
Cencora, Inc.
2.90%
Corning, Inc.
2.72%
Teledyne Technologies, Inc.
2.64%
Cisco Systems, Inc.
2.35%
Motorola Solutions, Inc.
2.14%
Cboe Global Markets, Inc.
2.07%
Consolidated Edison, Inc.
2.01%
CME Group, Inc.
2.00%
Northrop Grumman Corp.
2.00%
Diversification
FLVU
Total weight of top 10 holdings out of 114 total
27.04%
ZLU.U
Total weight of top 10 holdings out of 100 total
24.07%
Characteristics
Compare
FLVU
ZLU.U
| 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 | 2.25% | 1.57% |
| Meets ESG criteria | No | No |
| Inception Date | March 28, 2024 | March 19, 2013 |
Frequently asked questions about FLVU and ZLU.U
Which ETF has performed better year to date: FLVU or ZLU.U?
As of November 6, 2026, FLVU has returned 18.66% year to date, while ZLU.U has returned 14.71%. FLVU is ahead on YTD performance.
Which ETF is larger by assets under management: FLVU or ZLU.U?
As of November 6, 2026, FLVU manages $32.87 M in assets, while ZLU.U manages $108.73 M. ZLU.U is the larger fund by AUM.
How are FLVU and ZLU.U managed?
FLVU is passively managed by Franklin Templeton. It tracks the Franklin Low Volatility High Dividend Index NTR - CAD benchmark. ZLU.U is actively managed by BMO. It does not track an index.
What sectors do FLVU and ZLU.U emphasize?
FLVU is most exposed to Finance, Utilities, and Consumer Non-Cyclicals. ZLU.U is most exposed to Healthcare, Utilities, and Finance.
Which ETF is attracting more investor flows: FLVU or ZLU.U?
Year to date, FLVU has seen +$13.44 M in net flows, compared with -$49.42 M for ZLU.U. FLVU has attracted more net investor money so far.
How do the fees of FLVU and ZLU.U compare?
FLVU has an expense ratio of 0.15%, while ZLU.U has an expense ratio of 0.33%.
What are the top holdings of FLVU and ZLU.U?
FLVU's largest holdings include Johnson & Johnson, The Coca-Cola Co., and Verizon Communications, Inc.. ZLU.U's top holdings include Johnson & Johnson, Cencora, Inc., and Corning, Inc..
Which ETF is more diversified: FLVU or ZLU.U?
FLVU holds 114 securities, while ZLU.U holds 100. On holdings count, FLVU is the more diversified portfolio.
Recent articles about FLVU and ZLU.U
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