VS
BMO Low Volatility US Equity ETF (ZLU) and Franklin U.S. Low Volatility High Dividend Index ETF (CA) (FLVU) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZLU focuses its top 3 sector exposures on Healthcare, Utilities, and Finance, while FLVU leans towards Finance, Utilities, and Consumer Non-Cyclicals. When evaluating costs, ZLU features a management fee (MER) of 0.3%, compared to 0.12% for FLVU. Performance-wise, ZLU has returned 17.12% year-to-date with +$82 M in net flows, whereas FLVU is at 16.91% with +$13 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
FLVU
| AuM | $2,590.46 M | $32.44 M |
| Management Fees | 0.30% | 0.12% |
| Exp. ratio | 0.33% | 0.15% |
| Tracking Difference | - | 3.16% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLU | +7.09% | +3.33% | +17.12% | +17.02% | +56.33% |
FLVU | +7.41% | +0.85% | +16.91% | +15.11% | - | |
| Flows | ZLU | +$3 M | +$6 M | +$82 M | +$70 M | +$401 M |
FLVU | +$2 M | +$4 M | +$13 M | +$16 M | - |
ZLU vs FLVU exposure
Countries
ZLU
USA
96.96%
FLVU
USA
95.89%
Sectors
ZLU
Healthcare
19.83%
Utilities
18.35%
Finance
15.29%
Consumer Non-Cyclicals
12.48%
Technology
12.08%
Industrials
7.46%
Other
14.52%
FLVU
Finance
23.80%
Utilities
23.37%
Consumer Non-Cyclicals
19.55%
Other
33.28%
As of October 30, 2026
Top 10 Holdings
ZLU
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%
FLVU
Johnson & Johnson
3.02%
The Coca-Cola Co.
2.98%
Verizon Communications, Inc.
2.84%
Chevron Corp.
2.76%
Altria Group, Inc.
2.67%
U.S. Bancorp
2.65%
Procter & Gamble Co.
2.61%
Kimberly-Clark Corp.
2.58%
PepsiCo, Inc.
2.54%
McDonald's Corp.
2.39%
Diversification
ZLU
Total weight of top 10 holdings out of 100 total
24.07%
FLVU
Total weight of top 10 holdings out of 114 total
27.04%
Characteristics
Compare
ZLU
FLVU
| Provider | BMO | Franklin Templeton |
| Management | Actively managed | Passively managed |
| Benchmark | - | Franklin Low Volatility High Dividend Index NTR - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.63% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | March 28, 2024 |
Frequently asked questions about ZLU and FLVU
Which ETF has performed better year to date: ZLU or FLVU?
As of October 30, 2026, ZLU has returned 17.12% year to date, while FLVU has returned 16.91%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: ZLU or FLVU?
As of October 30, 2026, ZLU manages $2.59 B in assets, while FLVU manages $32.44 M. ZLU is the larger fund by AUM.
How are ZLU and FLVU managed?
ZLU is actively managed by BMO. It does not track an index. FLVU is passively managed by Franklin Templeton. It tracks the Franklin Low Volatility High Dividend Index NTR - CAD benchmark.
What sectors do ZLU and FLVU emphasize?
ZLU is most exposed to Healthcare, Utilities, and Finance. FLVU is most exposed to Finance, Utilities, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: ZLU or FLVU?
Year to date, ZLU has seen +$82.32 M in net flows, compared with +$13.44 M for FLVU. ZLU has attracted more net investor money so far.
How do the fees of ZLU and FLVU compare?
ZLU has an expense ratio of 0.33%, while FLVU has an expense ratio of 0.15%.
What are the top holdings of ZLU and FLVU?
ZLU's largest holdings include Johnson & Johnson, Cencora, Inc., and Corning, Inc.. FLVU's top holdings include Johnson & Johnson, The Coca-Cola Co., and Verizon Communications, Inc..
Which ETF is more diversified: ZLU or FLVU?
ZLU holds 100 securities, while FLVU holds 114. On holdings count, FLVU is the more diversified portfolio.
Recent articles about ZLU and FLVU
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