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 Utilities, Healthcare, 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 13.35% year-to-date with +$73 M in net flows, whereas TULV is at 8.39% with -$14 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 | $2,508.21 M | $52.93 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.34% |
| Tracking Difference | - | - |
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% |
TULV | +3.08% | +6.26% | +8.39% | +10.08% | +37.78% | |
| Flows | ZLU | +$13 M | +$105 M | +$73 M | +$64 M | +$369 M |
TULV | -$1 M | -$12 M | -$14 M | -$17 M | -$17 M |
ZLU vs TULV exposure
Countries
ZLU
USA
97.02%
TULV
USA
98.06%
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%
TULV
Consumer Non-Cyclicals
25.32%
Healthcare
20.16%
Utilities
19.58%
Finance
10.67%
Technology
9.23%
Other
15.04%
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%
TULV
Johnson & Johnson
3.37%
CenterPoint Energy, Inc.
3.12%
General Dynamics Corp.
3.11%
Consolidated Edison, Inc.
3.08%
Colgate-Palmolive Co.
3.07%
The Coca-Cola Co.
3.07%
PepsiCo, Inc.
2.82%
Public Service Enterprise Group, Inc.
2.75%
Merck & Co., Inc.
2.67%
Procter & Gamble Co.
2.48%
Diversification
ZLU
Total weight of top 10 holdings out of 102 total
24.79%
TULV
Total weight of top 10 holdings out of 84 total
29.55%
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 | 1.68% | 1.10% |
| 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 July 30, 2026, ZLU has returned 13.35% year to date, while TULV has returned 8.39%. ZLU is ahead on YTD performance.
Which ETF is larger by assets under management: ZLU or TULV?
As of July 30, 2026, ZLU manages $2.51 B in assets, while TULV manages $52.93 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 Utilities, Healthcare, 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 +$72.84 M in net flows, compared with -$13.88 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 Corning, Inc., Johnson & Johnson, and Teledyne Technologies, Inc.. TULV's top holdings include Johnson & Johnson, CenterPoint Energy, Inc., and General Dynamics Corp..
Which ETF is more diversified: ZLU or TULV?
ZLU holds 102 securities, while TULV holds 82. On holdings count, ZLU is the more diversified portfolio.
Recent articles about ZLU and TULV
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