VS
BMO Low Volatility International Equity ETF (ZLI) and Franklin International Equity Index ETF (FLUR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZLI focuses its top 3 sector exposures on Finance, Telecommunications, and Utilities, while FLUR leans towards Finance, Industrials, and Technology. When evaluating costs, ZLI features a management fee (MER) of 0.4%, compared to 0.09% for FLUR. Performance-wise, ZLI has returned 11.73% year-to-date with -$3 M in net flows, whereas FLUR is at 11.78% with +$107 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
ZLI
FLUR
| AuM | $294.30 M | $611.27 M |
| Management Fees | 0.40% | 0.09% |
| Exp. ratio | 0.45% | 0.10% |
| Tracking Difference | - | -0.81% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLI | +4.91% | +2.15% | +11.73% | +10.88% | +52.69% |
FLUR | -2.57% | -1.96% | +11.78% | +13.35% | +73.39% | |
| Flows | ZLI | +$0 M | -$6 M | -$3 M | -$0 M | -$170 M |
FLUR | -$6 M | +$18 M | +$107 M | +$138 M | +$263 M |
ZLI vs FLUR exposure
Countries
ZLI
Japan
26.37%
United Kingdom
13.71%
Netherlands
9.50%
France
9.19%
Germany
8.86%
Other
32.37%
FLUR
Japan
22.54%
United Kingdom
14.19%
Switzerland
9.08%
Germany
8.64%
France
8.11%
Australia
7.33%
Other
30.11%
Sectors
ZLI
Finance
23.25%
Telecommunications
10.92%
Utilities
10.79%
Consumer Non-Cyclicals
10.69%
Industrials
10.16%
Technology
9.69%
Other
24.50%
FLUR
Finance
28.93%
Industrials
15.43%
Technology
12.36%
Healthcare
9.87%
Consumer Non-Cyclicals
7.86%
Other
25.55%
As of October 30, 2026
Top 10 Holdings
ZLI
Euronext NV
2.37%
Deutsche Börse AG
1.99%
Orange SA
1.88%
Japan Post Holdings Co., Ltd.
1.75%
SoftBank Corp.
1.67%
Nitori Holdings Co., Ltd.
1.58%
Insurance Australia Group Ltd.
1.55%
KDDI Corp.
1.53%
OBIC Co. Ltd.
1.51%
SECOM Co., Ltd.
1.50%
FLUR
ASML Holding NV
3.14%
HSBC Holdings Plc
1.64%
Roche Holding AG
1.46%
Mitsubishi UFJ Financial Group, Inc.
1.28%
Shell Plc
1.27%
Novartis AG
1.25%
AstraZeneca PLC
1.19%
Nestlé SA
1.15%
Siemens AG
1.09%
SAP SE
1.03%
Diversification
ZLI
Total weight of top 10 holdings out of 101 total
17.33%
FLUR
Total weight of top 10 holdings out of 696 total
14.50%
Characteristics
Compare
ZLI
FLUR
| Provider | BMO | Franklin Templeton |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.03% | 1.79% |
| Meets ESG criteria | No | No |
| Inception Date | September 2, 2015 | February 20, 2019 |
Frequently asked questions about ZLI and FLUR
Which ETF has performed better year to date: ZLI or FLUR?
As of October 30, 2026, ZLI has returned 11.73% year to date, while FLUR has returned 11.78%. FLUR is ahead on YTD performance.
Which ETF is larger by assets under management: ZLI or FLUR?
As of October 30, 2026, ZLI manages $294.30 M in assets, while FLUR manages $611.27 M. FLUR is the larger fund by AUM.
How are ZLI and FLUR managed?
ZLI is actively managed by BMO. It does not track an index. FLUR is passively managed by Franklin Templeton. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD benchmark.
What sectors do ZLI and FLUR emphasize?
ZLI is most exposed to Finance, Telecommunications, and Utilities. FLUR is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZLI or FLUR?
Year to date, ZLI has seen -$2.96 M in net flows, compared with +$106.53 M for FLUR. FLUR has attracted more net investor money so far.
How do the fees of ZLI and FLUR compare?
ZLI has an expense ratio of 0.45%, while FLUR has an expense ratio of 0.10%.
What are the top holdings of ZLI and FLUR?
ZLI's largest holdings include Euronext NV, Deutsche Börse AG, and Orange SA. FLUR's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZLI or FLUR?
ZLI holds 101 securities, while FLUR holds 687. On holdings count, FLUR is the more diversified portfolio.
Recent articles about ZLI and FLUR
International Opportunities Expand in 2026
As global market leadership broadens beyond the United States, investors are increasingly revisiting international equities. Franklin International Equity Index ETF – FLUR offers diversified developed-market exposure aligned with shifting global opportunities.
Posted on 4/1/2026 by Franklin Templeton inGlobal
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