VS
BMO Low Volatility US Equity ETF (ZLU) and TD Q U.S. Low Volatility ETF (TULV) 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 TULV leans towards Consumer Non-Cyclicals, Healthcare, and Utilities. When evaluating costs, ZLU features a management fee (MER) of 0.3%, compared to 0.3% for TULV. Performance-wise, ZLU has returned 17.12% year-to-date with +$82 M in net flows, whereas TULV is at 13.73% 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
TULV
| AuM | $2,590.46 M | $56.59 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.34% |
| Tracking Difference | - | - |
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% |
TULV | +7.11% | +4.93% | +13.73% | +14.14% | +49.52% | |
| Flows | ZLU | +$3 M | +$6 M | +$82 M | +$70 M | +$401 M |
TULV | +$1 M | +$1 M | -$13 M | -$15 M | -$14 M |
ZLU vs TULV exposure
Countries
ZLU
USA
96.96%
TULV
USA
98.66%
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%
TULV
Consumer Non-Cyclicals
22.95%
Healthcare
21.76%
Utilities
15.53%
Finance
12.84%
Technology
10.80%
Other
16.13%
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%
TULV
The Coca-Cola Co.
3.05%
Merck & Co., Inc.
3.02%
Johnson & Johnson
3.01%
Visa, Inc.
2.99%
Mastercard, Inc.
2.97%
General Dynamics Corp.
2.88%
Colgate-Palmolive Co.
2.87%
CME Group, Inc.
2.69%
PepsiCo, Inc.
2.65%
CenterPoint Energy, Inc.
2.62%
Diversification
ZLU
Total weight of top 10 holdings out of 100 total
24.07%
TULV
Total weight of top 10 holdings out of 85 total
28.77%
Characteristics
Compare
ZLU
TULV
| Provider | BMO | TD Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.63% | 1.07% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | June 2, 2020 |
Frequently asked questions about ZLU and TULV
Which ETF has performed better year to date: ZLU or TULV?
As of October 30, 2026, ZLU has returned 17.12% year to date, while TULV has returned 13.73%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: ZLU or TULV?
As of October 30, 2026, ZLU manages $2.59 B in assets, while TULV manages $56.59 M. ZLU is the larger fund by AUM.
How are ZLU and TULV managed?
ZLU is actively managed by BMO. It does not track an index. TULV is actively managed by TD Asset Management. It does not track an index.
What sectors do ZLU and TULV emphasize?
ZLU is most exposed to Healthcare, Utilities, and Finance. TULV is most exposed to Consumer Non-Cyclicals, Healthcare, and Utilities.
Which ETF is attracting more investor flows: ZLU or TULV?
Year to date, ZLU has seen +$82.32 M in net flows, compared with -$12.65 M for TULV. ZLU has attracted more net investor money so far.
How do the fees of ZLU and TULV compare?
ZLU has an expense ratio of 0.33%, while TULV has an expense ratio of 0.34%.
What are the top holdings of ZLU and TULV?
ZLU's largest holdings include Johnson & Johnson, Cencora, Inc., and Corning, Inc.. TULV's top holdings include The Coca-Cola Co., Merck & Co., Inc., and Johnson & Johnson.
Which ETF is more diversified: ZLU or TULV?
ZLU holds 100 securities, while TULV holds 83. On holdings count, ZLU is the more diversified portfolio.
Recent articles about ZLU and TULV
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