VS
Compare BMO Low Volatility Canadian Equity ETF (ZLB) vs Fidelity Canadian Low Volatility Index ETF (FCCL) to find the best fit for your portfolio. ZLB provides Financials, Utilities, and Consumer Staples exposures, while FCCL is primarily weighted in Financials, Materials, and Energy. When evaluating costs, ZLB features a management fee (MER) of 0.35%, compared to 0.35% for FCCL. Performance-wise, ZLB has returned 6.63% year-to-date with +$155 M in net flows, whereas FCCL is at 12.79% with +$260 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
ZLB
FCCL
| AuM | $6,191.54 M | $1,039.20 M |
| Management Fees | 0.35% | 0.35% |
| Exp. ratio | 0.39% | 0.39% |
| Tracking Difference | - | -0.40% |
Historical performance and flows
As of June 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLB | +4.30% | +3.57% | +6.63% | +19.17% | +60.68% |
FCCL | +4.67% | +8.30% | +12.79% | +27.62% | +67.67% | |
| Flows | ZLB | -$57 M | +$66 M | +$155 M | +$465 M | +$1,287 M |
FCCL | +$31 M | +$126 M | +$260 M | +$525 M | +$806 M |
ZLB vs FCCL exposure
Countries
ZLB
Canada
98.78%
FCCL
Canada
93.22%
Sectors
ZLB
Financials
24.88%
Utilities
17.47%
Consumer Staples
16.32%
Communication Services
9.26%
Other
8.35%
Other
23.71%
FCCL
Financials
39.14%
Materials
13.18%
Energy
10.48%
Other
10.13%
Utilities
9.34%
Other
17.73%
As of June 16, 2026
Top 10 Holdings
ZLB
LOBLAW COMPANIES
4.66%
HYDRO ONE
4.13%
FORTIS
4.10%
QUEBECOR SUB VOTING
3.99%
GREAT WEST LIFECO
3.73%
EMERA
3.54%
METRO
3.52%
EMPIRE
3.43%
CANADIAN UTILITIES
3.04%
TMX GROUP LTD
3.04%
FCCL
ROYAL BK CANADA
7.67%
TORONTO DOMINION
5.65%
BANK OF MONTREAL
3.59%
CDN IMPERIAL BK
3.45%
CA01626P1484
3.35%
FORTIS
3.35%
BNS
3.20%
EMERA
3.01%
HYDRO ONE
2.98%
LOBLAW COMPANIES
2.81%
Diversification
ZLB
Total weight of top 10 holdings out of 51 total
37.17%
FCCL
Total weight of top 10 holdings out of 60 total
39.07%
Characteristics
Compare
ZLB
FCCL
| Provider | BMO | Fidelity |
| Management | Actively managed | Passively managed |
| Benchmark | - | Fidelity Canada Canadian Low Volatility GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.82% | 1.75% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | January 24, 2019 |
Frequently asked questions about ZLB and FCCL
Which ETF has performed better year to date: ZLB or FCCL?
As of June 16, 2026, ZLB has returned 6.63% year to date, while FCCL has returned 12.79%. FCCL is ahead on YTD performance.
Which ETF is larger by assets under management: ZLB or FCCL?
As of June 16, 2026, ZLB manages $6.19 B in assets, while FCCL manages $1.04 B. ZLB is the larger fund by AUM.
How are ZLB and FCCL managed?
ZLB is actively managed by BMO. It does not track an index. FCCL is passively managed by Fidelity. It tracks the Fidelity Canada Canadian Low Volatility GTR Index - CAD benchmark.
What sectors do ZLB and FCCL emphasize?
ZLB is most exposed to Financials, Utilities, and Consumer Staples. FCCL is most exposed to Financials, Materials, and Energy.
Which ETF is attracting more investor flows: ZLB or FCCL?
Year to date, ZLB has seen +$155.49 M in net flows, compared with +$260.35 M for FCCL. FCCL has attracted more net investor money so far.
How do the fees of ZLB and FCCL compare?
ZLB has an expense ratio of 0.39%, while FCCL has an expense ratio of 0.39%.
What are the top holdings of ZLB and FCCL?
ZLB's largest holdings include LOBLAW COMPANIES and HYDRO ONE. FCCL's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BANK OF MONTREAL.
Which ETF is more diversified: ZLB or FCCL?
ZLB holds 47 securities, while FCCL holds 60. On holdings count, FCCL is the more diversified portfolio.
Recent articles about ZLB and FCCL
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Posted on 4/12/2024 by Kyle Anthony inETF Ecosystem
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