VS
Compare BMO Low Volatility US Equity ETF (ZLU) vs Vanguard S&P 500 Index ETF (VFV) to find the best fit for your portfolio. ZLU provides Utilities, Healthcare, and Finance exposures, while VFV is primarily weighted in Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, ZLU features a management fee (MER) of 0.3%, compared to 0.08% for VFV. Performance-wise, ZLU has returned 11.93% year-to-date with +$76 M in net flows, whereas VFV is at 12.99% with +$4 B. 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
VFV
| AuM | $2,480.13 M | $34,961.85 M |
| Management Fees | 0.30% | 0.08% |
| Exp. ratio | 0.33% | 0.09% |
| Tracking Difference | - | 0.10% |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLU | -2.30% | +1.14% | +11.93% | +12.98% | +45.67% |
VFV | -2.30% | +2.63% | +12.99% | +17.92% | +79.54% | |
| Flows | ZLU | -$10 M | +$86 M | +$76 M | +$59 M | +$380 M |
VFV | +$492 M | +$1,543 M | +$3,723 M | +$4,831 M | +$14,799 M |
ZLU vs VFV exposure
Countries
ZLU
USA
96.74%
VFV
USA
97.41%
Sectors
ZLU
Utilities
19.49%
Healthcare
18.18%
Finance
15.93%
Consumer Non-Cyclicals
12.79%
Technology
12.17%
Industrials
7.69%
Other
13.74%
VFV
Technology
44.70%
Finance
13.84%
Consumer Non-Cyclicals
9.41%
Healthcare
8.88%
Industrials
7.86%
Other
15.33%
As of September 9, 2026
Top 10 Holdings
ZLU
Johnson & Johnson
2.95%
Cencora, Inc.
2.82%
Teledyne Technologies, Inc.
2.70%
Cisco Systems, Inc.
2.38%
Cboe Global Markets, Inc.
2.24%
Corning, Inc.
2.21%
Consolidated Edison, Inc.
2.04%
Northrop Grumman Corp.
2.02%
Motorola Solutions, Inc.
1.97%
CME Group, Inc.
1.94%
VFV
NVIDIA Corp.
7.55%
Apple, Inc.
7.04%
Microsoft Corp.
5.36%
Amazon.com, Inc.
4.13%
Alphabet, Inc.
3.24%
Broadcom Inc.
2.86%
Alphabet, Inc.
2.62%
Meta Platforms, Inc.
1.90%
JPMorgan Chase & Co.
1.46%
Berkshire Hathaway, Inc.
1.46%
Diversification
ZLU
Total weight of top 10 holdings out of 101 total
23.28%
VFV
Total weight of top 10 holdings out of 503 total
37.60%
Characteristics
Compare
ZLU
VFV
| Provider | BMO | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.70% | 0.84% |
| Meets ESG criteria | No | No |
| Inception Date | March 27, 2013 | November 2, 2012 |
Frequently asked questions about ZLU and VFV
Which ETF has performed better year to date: ZLU or VFV?
As of September 9, 2026, ZLU has returned 11.93% year to date, while VFV has returned 12.99%. VFV is ahead on YTD performance.
Which ETF is larger by assets under management: ZLU or VFV?
As of September 9, 2026, ZLU manages $2.48 B in assets, while VFV manages $34.96 B. VFV is the larger fund by AUM.
How are ZLU and VFV managed?
ZLU is actively managed by BMO. It does not track an index. VFV is passively managed by Vanguard. It tracks the S&P 500 ( CAD NY Rate ) Net Total Return 30% Index - CAD benchmark.
What sectors do ZLU and VFV emphasize?
ZLU is most exposed to Utilities, Healthcare, and Finance. VFV is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: ZLU or VFV?
Year to date, ZLU has seen +$76.14 M in net flows, compared with +$3,722.64 M for VFV. VFV has attracted more net investor money so far.
How do the fees of ZLU and VFV compare?
ZLU has an expense ratio of 0.33%, while VFV has an expense ratio of 0.09%.
What are the top holdings of ZLU and VFV?
ZLU's largest holdings include Johnson & Johnson, Cencora, Inc., and Teledyne Technologies, Inc.. VFV's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: ZLU or VFV?
ZLU holds 101 securities, while VFV holds 500. On holdings count, VFV is the more diversified portfolio.
Recent articles about ZLU and VFV
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.