VS
BMO Low Volatility US Equity ETF (ZLU) and iShares US Dividend Growers Index ETF (CUD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZLU focuses its top 3 sector exposures on Utilities, Healthcare, and Finance, while CUD leans towards Finance, Consumer Non-Cyclicals, and Industrials. When evaluating costs, ZLU features a management fee (MER) of 0.3%, compared to 0.6% for CUD. Performance-wise, ZLU has returned 13.35% year-to-date with +$73 M in net flows, whereas CUD is at 11.45% with -$20 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
ZLU
CUD
| AuM | $2,508.21 M | $242.95 M |
| Management Fees | 0.30% | 0.60% |
| Exp. ratio | 0.33% | 0.66% |
| Tracking Difference | - | -1.19% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLU | -0.74% | +7.55% | +13.35% | +16.51% | +46.30% |
CUD | +1.92% | +3.73% | +11.45% | +12.69% | +23.74% | |
| Flows | ZLU | +$13 M | +$105 M | +$73 M | +$64 M | +$369 M |
CUD | -$1 M | -$10 M | -$20 M | -$34 M | -$168 M |
ZLU vs CUD exposure
Countries
ZLU
USA
97.02%
CUD
USA
94.47%
Sectors
ZLU
Utilities
20.14%
Healthcare
17.41%
Finance
14.46%
Consumer Non-Cyclicals
12.62%
Technology
12.47%
Industrials
7.42%
Other
15.49%
CUD
Finance
17.00%
Consumer Non-Cyclicals
14.89%
Industrials
14.60%
Utilities
14.24%
Technology
8.69%
Non-Energy Materials
8.15%
Other
22.43%
As of July 30, 2026
Top 10 Holdings
ZLU
Corning, Inc.
4.18%
Johnson & Johnson
2.98%
Teledyne Technologies, Inc.
2.67%
Cencora, Inc.
2.53%
Cisco Systems, Inc.
2.46%
International Business Machines Corp.
2.29%
Consolidated Edison, Inc.
2.08%
Motorola Solutions, Inc.
1.89%
Northrop Grumman Corp.
1.87%
Akamai Technologies, Inc.
1.84%
CUD
Verizon Communications, Inc.
2.15%
Realty Income Corp.
2.14%
Kenvue, Inc.
1.76%
Kimberly-Clark Corp.
1.75%
AbbVie, Inc.
1.63%
QUALCOMM, Inc.
1.57%
Texas Instruments Incorporated
1.56%
Target Corp.
1.55%
Automatic Data Processing, Inc.
1.54%
Edison International
1.45%
Diversification
ZLU
Total weight of top 10 holdings out of 102 total
24.79%
CUD
Total weight of top 10 holdings out of 154 total
17.09%
Characteristics
Compare
ZLU
CUD
| Provider | BMO | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P High Yield Dividend Aristocrats CAD Hedged Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.68% | 1.83% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | September 13, 2011 |
Frequently asked questions about ZLU and CUD
Which ETF has performed better year to date: ZLU or CUD?
As of July 30, 2026, ZLU has returned 13.35% year to date, while CUD has returned 11.45%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: ZLU or CUD?
As of July 30, 2026, ZLU manages $2.51 B in assets, while CUD manages $242.95 M. ZLU is the larger fund by AUM.
How are ZLU and CUD managed?
ZLU is actively managed by BMO. It does not track an index. CUD is passively managed by iShares. It tracks the S&P High Yield Dividend Aristocrats CAD Hedged Total Return Index - CAD benchmark.
What sectors do ZLU and CUD emphasize?
ZLU is most exposed to Utilities, Healthcare, and Finance. CUD is most exposed to Finance, Consumer Non-Cyclicals, and Industrials.
Which ETF is attracting more investor flows: ZLU or CUD?
Year to date, ZLU has seen +$72.84 M in net flows, compared with -$20.28 M for CUD. ZLU has attracted more net investor money so far.
How do the fees of ZLU and CUD compare?
ZLU has an expense ratio of 0.33%, while CUD has an expense ratio of 0.66%.
What are the top holdings of ZLU and CUD?
ZLU's largest holdings include Corning, Inc., Johnson & Johnson, and Teledyne Technologies, Inc.. CUD's top holdings include Verizon Communications, Inc., Realty Income Corp., and Kenvue, Inc..
Which ETF is more diversified: ZLU or CUD?
ZLU holds 102 securities, while CUD holds 154. On holdings count, CUD is the more diversified portfolio.
Recent articles about ZLU and CUD
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