VS
TD Q U.S. Low Volatility ETF (TULV) and BMO Low Volatility US Equity ETF (ZLU.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TULV focuses its top 3 sector exposures on Consumer Non-Cyclicals, Healthcare, and Utilities, while ZLU.U leans towards Healthcare, Utilities, and Finance. When evaluating costs, TULV features a management fee (MER) of 0.3%, compared to 0.3% for ZLU.U. Performance-wise, TULV has returned 18.3% year-to-date with -$13 M in net flows, whereas ZLU.U is at 17.39% with -$50 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
TULV
ZLU.U
| AuM | $58.86 M | $113.11 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.34% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TULV | +8.28% | +9.92% | +18.30% | +15.66% | +51.31% |
ZLU.U | +8.60% | +4.20% | +17.39% | +16.78% | +54.71% | |
| Flows | TULV | +$1 M | +$1 M | -$13 M | -$15 M | -$12 M |
ZLU.U | -$17 M | -$47 M | -$50 M | -$47 M | -$24 M |
TULV vs ZLU.U exposure
Countries
TULV
USA
98.66%
ZLU.U
USA
96.96%
Sectors
TULV
Consumer Non-Cyclicals
22.95%
Healthcare
21.76%
Utilities
15.53%
Finance
12.84%
Technology
10.80%
Other
16.13%
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 11, 2026
Top 10 Holdings
TULV
The Coca-Cola Co.
3.05%
Merck & Co., Inc.
3.02%
Johnson & Johnson
3.01%
Visa, Inc.
2.99%
Mastercard, Inc.
2.97%
General Dynamics Corp.
2.88%
Colgate-Palmolive Co.
2.87%
CME Group, Inc.
2.69%
PepsiCo, Inc.
2.65%
CenterPoint Energy, Inc.
2.62%
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
TULV
Total weight of top 10 holdings out of 85 total
28.77%
ZLU.U
Total weight of top 10 holdings out of 100 total
24.07%
Characteristics
Compare
TULV
ZLU.U
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.03% | 1.53% |
| Meets ESG criteria | No | No |
| Inception Date | June 2, 2020 | March 19, 2013 |
Frequently asked questions about TULV and ZLU.U
Which ETF has performed better year to date: TULV or ZLU.U?
As of November 11, 2026, TULV has returned 18.30% year to date, while ZLU.U has returned 17.39%. TULV is ahead on YTD performance.
Which ETF is larger by assets under management: TULV or ZLU.U?
As of November 11, 2026, TULV manages $58.86 M in assets, while ZLU.U manages $113.11 M. ZLU.U is the larger fund by AUM.
How are TULV and ZLU.U managed?
TULV is actively managed by TD Asset Management. It does not track an index. ZLU.U is actively managed by BMO. It does not track an index.
What sectors do TULV and ZLU.U emphasize?
TULV is most exposed to Consumer Non-Cyclicals, Healthcare, and Utilities. ZLU.U is most exposed to Healthcare, Utilities, and Finance.
Which ETF is attracting more investor flows: TULV or ZLU.U?
Year to date, TULV has seen -$12.65 M in net flows, compared with -$49.82 M for ZLU.U. TULV has attracted more net investor money so far.
How do the fees of TULV and ZLU.U compare?
TULV has an expense ratio of 0.34%, while ZLU.U has an expense ratio of 0.33%.
What are the top holdings of TULV and ZLU.U?
TULV's largest holdings include The Coca-Cola Co., Merck & Co., Inc., and Johnson & Johnson. ZLU.U's top holdings include Johnson & Johnson, Cencora, Inc., and Corning, Inc..
Which ETF is more diversified: TULV or ZLU.U?
TULV holds 83 securities, while ZLU.U holds 100. On holdings count, ZLU.U is the more diversified portfolio.
Recent articles about TULV and ZLU.U
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