VS
Compare BMO Low Volatility Canadian Equity ETF (ZLB) vs Franklin International Low Volatility High Dividend Index ETF (CA) (FLVI) to find the best fit for your portfolio. ZLB provides Financials, Utilities, and Consumer Staples exposures, while FLVI is primarily weighted in Utilities, Financials, and Industrials. When evaluating costs, ZLB features a management fee (MER) of 0.35%, compared to 0.25% for FLVI. Performance-wise, ZLB has returned 2.44% year-to-date with +$195 M in net flows, whereas FLVI is at 8.83% with +$98 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
FLVI
| AuM | $5,986.71 M | $277.01 M |
| Management Fees | 0.35% | 0.25% |
| Exp. ratio | 0.39% | 0.28% |
| Tracking Difference | - | 4.05% |
Historical performance and flows
As of May 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLB | -0.87% | +1.80% | +2.44% | +17.44% | +48.18% |
FLVI | -0.15% | +1.29% | +8.83% | +26.03% | - | |
| Flows | ZLB | +$53 M | +$73 M | +$195 M | +$617 M | +$1,376 M |
FLVI | +$12 M | +$70 M | +$98 M | +$210 M | - |
ZLB vs FLVI exposure
Countries
ZLB
Canada
98.76%
FLVI
Japan
14.27%
Singapore
11.32%
France
10.88%
Italy
10.72%
Switzerland
10.43%
Germany
8.15%
Other
34.21%
Sectors
ZLB
Financials
22.74%
Utilities
17.75%
Consumer Staples
17.26%
Communication Services
9.91%
Other
8.17%
Materials
7.09%
Other
17.08%
FLVI
Utilities
18.81%
Financials
16.98%
Industrials
13.72%
Communication Services
13.00%
Consumer Discretionary
10.52%
Energy
7.24%
Other
19.73%
As of May 8, 2026
Top 10 Holdings
ZLB
LOBLAW COMPANIES
4.81%
FORTIS
4.19%
QUEBECOR SUB VOTING
4.16%
HYDRO ONE
4.15%
METRO
3.78%
EMPIRE
3.74%
EMERA
3.58%
GREAT WEST LIFECO
3.30%
CANADIAN UTILITIES
3.08%
GEORGE WESTON
2.88%
FLVI
REPSOL YPF SA
3.40%
TOTALENERGIES SE
3.19%
ENGIE
2.65%
SNAM RETE GAS
2.64%
ENEL GLOBAL TRADING
2.60%
TELSTRA
2.53%
KPN-KON.NV
2.51%
CK HUTCHISON HLDGS LTD
2.48%
DBS GROUP HOLDINGS
2.47%
SWISSCOM
2.47%
Diversification
ZLB
Total weight of top 10 holdings out of 52 total
37.67%
FLVI
Total weight of top 10 holdings out of 118 total
26.94%
Characteristics
Compare
ZLB
FLVI
| Provider | BMO | Franklin Templeton |
| Management | Actively managed | Passively managed |
| Benchmark | - | Franklin International ex North America Low Volatility High Dividend Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.90% | 2.03% |
| Meets ESG criteria | No | No |
| Inception Date | October 27, 2011 | March 28, 2024 |
Frequently asked questions about ZLB and FLVI
Which ETF has performed better year to date: ZLB or FLVI?
As of May 8, 2026, ZLB has returned 2.44% year to date, while FLVI has returned 8.83%. FLVI is ahead on YTD performance.
Which ETF is larger by assets under management: ZLB or FLVI?
As of May 8, 2026, ZLB manages $5.99 B in assets, while FLVI manages $277.01 M. ZLB is the larger fund by AUM.
How are ZLB and FLVI managed?
ZLB is actively managed by BMO. It does not track an index. FLVI is passively managed by Franklin Templeton. It tracks the Franklin International ex North America Low Volatility High Dividend Index NTR - CAD benchmark.
What sectors do ZLB and FLVI emphasize?
ZLB is most exposed to Financials, Utilities, and Consumer Staples. FLVI is most exposed to Utilities, Financials, and Industrials.
Which ETF is attracting more investor flows: ZLB or FLVI?
Year to date, ZLB has seen +$195.31 M in net flows, compared with +$97.91 M for FLVI. ZLB has attracted more net investor money so far.
How do the fees of ZLB and FLVI compare?
ZLB has an expense ratio of 0.39%, while FLVI has an expense ratio of 0.28%.
What are the top holdings of ZLB and FLVI?
ZLB's largest holdings include LOBLAW COMPANIES and FORTIS. FLVI's top holdings include REPSOL YPF SA and TOTALENERGIES SE.
Which ETF is more diversified: ZLB or FLVI?
ZLB holds 48 securities, while FLVI holds 117. On holdings count, FLVI is the more diversified portfolio.
Recent articles about ZLB and FLVI
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